Based on preliminary figures, GRAMMER AG's earnings performance in the first quarter of 2022 was significantly below the previous year's level. Accordingly, earnings before interest and taxes (EBIT) were around EUR -1 million (Q1 2021: EUR 22.6 million) and operating EBIT around EUR -2.5 million (Q1 2021: EUR 21.0 million). Preliminary Group revenue in the past quarter is slightly above the previous year's level (Q1 2021: EUR 503.7 million) and therefore roughly on target.
The main reasons for the decline in earnings continue to be significantly increasing material, logistics and energy costs, new corona lockdowns, which affect the Chinese market,
The main reasons for the decline in earnings continue to be significantly increasing material, logistics and energy costs, new corona lockdowns, which affect the Chinese market,
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