GRAMMER AG Reveals Q1 2024 Results: Key Takeaways

• GRAMMER Group's revenue for Q1 2024 was down 5.5% at EUR 556.6 million compared to Q1 2023's EUR 589.1 million.
• Operating EBIT for Q1 2024 was significantly lower than the same quarter of the previous year, at EUR 2.4 million compared to Q1 2023's EUR 13.9 million.
• Business performance was impacted by weaker demand due to general economic and industry uncertainty.
• Despite the decline, GRAMMER confirmed its forecast, expecting revenue to match the prior-year level and further improvement in profitability.
• Free cash flow improved to EUR 40.2 million in the first quarter of 2024, up from EUR 8.7 million in Q1 2023.
• GRAMMER AG's total assets rose by 4.9% to EUR 1,610.3 million as of March 31, 2024.

The next important date, Press release for the quarterly report (as of Q1), at Grammer is on 29.04.2024.

The price of Grammer at the time of the news was 11,000EUR and was up +0,46 % compared with the previous day.
13 minutes after the article was published, the price was 11,100EUR this corresponds to a plus of +0,91 % since publication.

Grammer

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ISIN:DE0005895403WKN:589540

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