GRAMMER AG : No major surprises from full release of 9M 2023 and reiterating FY 2023 guidance
>9M 2023 full release overall in-line with the pre-released KPIs - Grammer already pre-released KPIs for its 9M 2023 performance on 10 October, which were a touch below our expectations on reported group sales and ~2% shy of our expectations on adj. EBIT. The full release of Q3 2023 is in line with group sales +9% y-o-y to € 1.73bn (organic growth +11.9%). Top-line growth is driven by both divisions with Automotive +11.2% organically and Commercial Vehicles +6.5%. Gr...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.