GMEGF Grammer AG featured news, full reports, and detailed charts
Grammer AG (GMEGF/GMEGF.PK) Wrap Up:
Grammer AG engages in the development and production of components and systems for automobile interiors. Its Automotive division supplies seating components, such as seat covers, headrests, armrests, center consoles, and integrated child seats to automakers and automotive system suppliers. The companyÂ’s Seating Systems division operates as original equipment manufacturer (OEM) and aftermarket supplier of seat units and seating systems. It offers driver and passenger seats to offroad vehicles, including agricultural, forestry, and construction machines and fork-lifts, as well as to rail transport OEMs, rail operators, and bus and truck manufacturers. The company was founded in 1880 and is based in Amberg, Germany.Grammer AG (GMEGF:Pink OTC Markets Inc)
Snapshot of Grammer AG (GMEGF)
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OPEN
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PREVIOUS CLOSE
$9.52
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DAY HIGH
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DAY LOW
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52 WEEK HIGH
09/25/09 - $9.52
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52 WEEK LOW
12/31/08 - $8.41
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MARKET CAP
96.8M
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AVERAGE VOLUME 3 mo
0.0
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DILUTED EPS TTM
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SHARES OUTSTANDING
10.2M
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GMEGF Does Not Pay Dividends
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P/E TTM
NM
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GMEGF Top Compensated Officers
Executives, Board Directors
Key developments for Grammer AG (GMEGF)
Grammer AG reported revenue results for the third quarter and nine months of 2009. For the quarter, the group reported revenue totaled €176.8 million, and was thus 26% down from the prior-year level and still affected by the effects of the worldwide financial and economic crisis. EBIT was negative at €5.2 million, the considerable improvement from the second quarter level of €10.9 million indicates that the rapid reaction of the company with restructuring measures is now having a positive effect. The €12.2 million in one-of expenses for implementing the measures burdened results in the first nine months of the year. For the first nine months, the group reported revenue of €518.5 million compared to €787.4 million. As expected, EBIT is negative after the first three quarters and, at €24.7 million, is down substantial y from last year's level EBITDA of €23.5 million.
Grammer AG posted a loss before interest and tax (LBIT) of EUR 19.4 million (USD 27.4 million) for the first half of 2009 after a profit of EUR 21.9 million a year earlier. The result was weighed down by one-off restructuring expenses of EUR 9.8 million. Sales dropped 37.6% on the year to EUR 341.7 million. For 2009, the company expects negative earnings as a result of the restructuring costs. It also projected a 30% annual decline in sales.
Grammer AG proposed to change to the Articles of Association, excluding remuneration for activities within the Nominating Committee of the Supervisory Board, the resolution on a change to the Articles of Association, adjusting calculation of notification periods in accordance with the draft law on the implementation of the shareholders' rights directive dated January 21, 2009, Bundestag Printed Paper 16/11642, resolution on a change to the Articles of Association, regarding exercise of voting rights by proxy in accordance with the ARUG, resolution on a change to the Articles of Association, amending rules for video and audio transmission of the annual general meeting in accordance with the ARUG, these proposal consider at the AGM, which to be held on May 28, 2009.
GMEGF Competitors
| Company | Last | Change |
| Commercial Vehicle Group Inc | $5.27 USD | +0.02 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | GMEGF | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 0.1x |
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| Price/Book | 0.5x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | NM | Not Meaningful |
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GMEGF |
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GMEGF transactions
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| No transactions in the last 6 months. | ||
More Recent News About Grammer AG
More news for GMEGF
Q3 2009 Grammer AG Earnings Release - Time Not Supplied
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