GRAMMER AG : Feeling the pain from the adverse market environment
>Early extension of credit lines and dividend suspension until 2025 - GMM announced that they have prematurely extended ‘tranche C’ of the € 235m syndicated loan agreement, which was concluded in August 2020, to 10 February 2025. In addition to GMM’s core banks the German state-owned KfW Bankengruppe is also involved in this tranche as a direct lender. As a consequence of the continued KfW involvement, the existing dividend suspension is prolonged until 10 February 20...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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