GRAMMER AG : Q1 2020 results in line with prelims, still no guidance for 2020 given
>Final Q1 2020 results in line with prelims - Grammer released final Q1 2020 results in line with prelims as of 15 April. Q1 2020 group sales came in at € 455m (-15% y-o-y) and group op. EBIT stands at € 0.4m (0.1% margin, 1e98% y-o-y), down from € 23m (4.3% margin) in Q1 2019. Group reported EBIT for Q1 2020 stood at -€ 2m (-0.5% margin, -500bp y-o-y). Total capex for the group amounted to € 20m (-40% y1eo-y). At end-Q1 2020 net financial debt stood at € 332m, correspo...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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