Based on the preliminary figures, Grammer AG ex-pects to achieve Group earnings before interest and taxes (Group EBIT) in the sec-ond quarter of 2020 that will be significantly below market expectations.
The Group EBIT for the second quarter is expected to stand at around minus 50 million EUR (previous year 26.2 million EUR). The operating EBIT is expected to amount to approximately minus 46 million EUR for the reporting period (previous year 27.1 million EUR).
According to preliminary figures, revenue should come to around 281 million EUR (previous year 517.4 million EUR).
The main reason for this significant decrease in
The Group EBIT for the second quarter is expected to stand at around minus 50 million EUR (previous year 26.2 million EUR). The operating EBIT is expected to amount to approximately minus 46 million EUR for the reporting period (previous year 27.1 million EUR).
According to preliminary figures, revenue should come to around 281 million EUR (previous year 517.4 million EUR).
The main reason for this significant decrease in
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