GRAMMER AG : Final Q3 in line with prelims, sales and op. EBIT growth guided for 2019
>Final Q3 2018 group EBIT in line with prelims - Grammer has now released final Q3 2018 results in line with the prelims released on 15 Oct. (Note: the prelim. release only included group EBIT). Q3 2018 group sales came in at € 432m, flat yoy (+0% yoy), bang in line with our expectation (€ 432m). The final group EBIT figure for Q3 2018 stood at a loss of € 1e14m, basically in line with the preliminary figure (€ -15m), massively burdened by one-off costs related to the ...Grammer is engaged as a producer of seating systems and automotive interiors. Co. supplies original equipment manufacturers (OEMs) of commercial and off-road vehicles, including agricultural and forestry vehicles as well as construction machinery and material handling vehicles. Other customer groups include rail transport OEMs, rail operators and bus manufacturers. Co. operates through two division: Seating Systems, which develops and produces driver and passenger seats for agricultural and construction vehicles, forklifts, trucks, buses and trains; and Automotive, which supplies headrests, armrests and center consoles to carmakers and systems suppliers for the automotive industry.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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