28.06.2022 GRAMMER Aktiengesellschaft  DE0005895403

DGAP-Adhoc: GRAMMER AG reports on current developments


 

DGAP-Ad-hoc: GRAMMER Aktiengesellschaft / Key word(s): Dividend/Profit Warning
GRAMMER AG reports on current developments

28-Jun-2022 / 10:40 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Publication of inside information in accordance with Article 17 of Regulation (EU) No. 596/2014
GRAMMER AG (WKN 589540, ISIN DE0005895403)

GRAMMER AG reports on current developments:

- Early extension of syndicated loan leads to dividend suspension until 2025

- Earnings development in the second quarter of 2022 significantly below previous year's level

 

Ursensollen, June 28, 2022 – Due to the challenging economic environment, GRAMMER AG today prematurely extended tranche C of the EUR 235 million syndicated loan agreement concluded in August 2020 until February 10, 2025. In addition to GRAMMER's core banks, KfW Bankengruppe is also involved in this tranche as a direct lender. Consequently, the existing dividend suspension, which is part of KfW's program conditions, will also continue until February 10, 2025.

In addition, based on preliminary figures, GRAMMER AG's earnings performance in the second quarter of 2022 remained significantly below the previous year's level. Accordingly, earnings before interest and taxes (EBIT) (Q2 2021: EUR 5.2 million) and operating EBIT (Q2 2021: EUR 11.4 million) are expected to be within a range of EUR -10 million to EUR -15 million. The preliminary Group revenue in the current quarter of approximately EUR 505 million is significantly above the previous year's level (Q2 2021: EUR 468.8 million) and thus largely in line with the plan.

The main reasons for the decline in earnings are significantly higher material, logistics and energy costs, interim and new corona lockdowns in China, and ongoing bottlenecks in the procurement markets.

Despite the weaker than expected first half, the Executive Board is currently maintaining the full-year forecast published in the Annual Report. However, the risks from the war in Ukraine, the significant rise in energy and material prices, as well as from possible further corona lockdowns in China - but also in other countries - could intensify for GRAMMER Group's revenue and earnings and have a negative impact on the forecast. Furthermore, the full-year forecast depends significantly on the extent to which GRAMMER can agree to pass on inflation-related cost increases with its customers.

The interim report for the first half of 2022 will be published on August 11, 2022.

The Executive Board
GRAMMER AG

Contact:
GRAMMER Aktiengesellschaft
Tanja Bücherl
Tel.: +49(0)9621 66 2113
[email protected]


28-Jun-2022 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: GRAMMER Aktiengesellschaft
Grammer-Allee 2
92289 Ursensollen
Germany
Phone: +49 (0)9621 66-0
Fax: +49 (0)9621 66-31000
E-mail: [email protected]
Internet: www.grammer.com
ISIN: DE0005895403, DE0005895403
WKN: 589540, 589540
Listed: Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange
EQS News ID: 1385009

 
End of Announcement DGAP News Service

1385009  28-Jun-2022 CET/CEST

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Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 1.786,47 1.861,29 2.038,51 1.710,71 1.903,01 2.158,79 2.304,89
EBITDA1,2 116,00 101,00 159,80 41,70 103,08 117,44 123,78
EBITDA-Marge3 6,49 5,43 7,84 2,44 5,42 5,44
EBIT1,4 66,47 48,74 74,54 -46,13 18,86 -44,98 42,01
EBIT-Marge5 3,72 2,62 3,66 -2,70 0,99 -2,08 1,82
Jahresüberschuss1 32,35 23,21 43,48 -64,71 0,65 -78,56 3,41
Netto-Marge6 1,81 1,25 2,13 -3,78 0,03 -3,64 0,15
Cashflow1,7 69,25 143,57 123,97 31,06 71,28 106,72 132,41
Ergebnis je Aktie8 2,67 1,90 3,56 -5,10 0,08 -5,26 0,12
Dividende8 1,25 0,75 0,00 0,00 0,00 0,00 1,30
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2023 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: Ernst & Young

INVESTOR-INFORMATIONEN
©boersengefluester.de
Grammer
WKN Kurs in € Einschätzung Börsenwert in Mio. €
589540 10,200 Kaufen 155,43
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
9,53 14,01 0,68 20,08
KBV KCV KUV EV/EBITDA
0,59 1,17 0,07 4,50
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
0,00 0,00 0,00 04.06.2024
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
29.04.2024 14.08.2024 29.10.2024 28.03.2024
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
0,46% -10,89% -6,42% -31,54%
    
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