Grammer AG
XETRA:GMM
Grammer AG
Grammer AG engages in the development and manufacture of components and systems for car interiors as well as driver and passenger seats for off-road vehicles, trucks, buses, and trains. The company is headquartered in Amberg, Bayern and currently employs 13,845 full-time employees. The company went IPO on 2007-06-13. The firm develops and manufactures components and systems for automobile interiors, as well as driver and passenger seats. The company is organized into two business segments: Automotive and Seating Systems. The Automotive segment supplies headrests, armrests, and center consoles, and the Seating Systems segment provides driver seats for trucks and off-road vehicles, including tractors and agricultural machinery, construction machinery and fork-lifts, as well as driver and passenger seating solutions for trains, coaches and inter-urban buses. The firm operates approximately 40 product and distribution sites in Europe, North America, Latin America, Asia and Africa.
Grammer AG engages in the development and manufacture of components and systems for car interiors as well as driver and passenger seats for off-road vehicles, trucks, buses, and trains. The company is headquartered in Amberg, Bayern and currently employs 13,845 full-time employees. The company went IPO on 2007-06-13. The firm develops and manufactures components and systems for automobile interiors, as well as driver and passenger seats. The company is organized into two business segments: Automotive and Seating Systems. The Automotive segment supplies headrests, armrests, and center consoles, and the Seating Systems segment provides driver seats for trucks and off-road vehicles, including tractors and agricultural machinery, construction machinery and fork-lifts, as well as driver and passenger seating solutions for trains, coaches and inter-urban buses. The firm operates approximately 40 product and distribution sites in Europe, North America, Latin America, Asia and Africa.
Revenue Decline: Q1 2025 revenue fell 2.2% to EUR 407.4 million, with Commercial Vehicles down sharply and Automotive up slightly.
Profitability Improvement: EBIT soared 76.1% year-on-year to EUR 19.2 million, reflecting successful cost-cutting and restructuring efforts.
Regional Performance: EMEA and APAC showed resilience in Automotive, while Americas saw steep declines, especially in Automotive.
Cash Flow & Debt: Free cash flow was negative at minus EUR 6.7 million due to higher working capital; adjusted net debt increased to EUR 366.7 million.
2025 Outlook: Management expects stable full-year revenue around EUR 1.9 billion and higher operating EBIT of about EUR 60 million, with growth in EMEA and China offsetting a decline in Americas.
