GRAMMER AG : FY 2022 is the turning point for better profit margins in the future
>We expect limited incremental news from the full release of FY 2022 - Grammer had already released its preliminary FY 2022 results as well as fresh guidance for FY 2023 on 14 February 2023, so the upcoming full release of FY 2022 figures on 30 March could be something of a non-event. Its FY 2022 KPIs beat our estimates down to adj. EBIT, but fell short on reported EBIT, due to material asset impairments in the Americas. FY 2022 group sales came in +16% higher y-o-y ...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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