In addition, earnings in the second quarter were negatively impacted in particular by one-time exceptional effects from the sale of a subsidiary in EMEA. This was a measure under the program initiated in the previous year to improve the cost structure and to strengthen competitiveness on a sustained basis.
Accordingly, earnings before interest and taxes (EBIT) are expected to come to around 5 million euros (2020: -50.9 million euros). Adjusted for exceptional effects, operating earnings before interest and taxes (operating EBIT) should reach around 11 million euros in the second quarter (2020: -46.1 million euros).
GRAMMER will be publishing its full half-year figures and the report on the first half of 2021 as planned on August 12, 2021.
Grammer AG
Grammer-Allee 2
92289 Ursensollen
Telefon: +49 (9621) 66-0
Telefax: +49 (9621) 66-1000
http://www.grammer.com
Investor Relations
Telefon: +49 (9621) 66-1575
Fax: +49 (9621) 66-31575
E-Mail: Gabriele.Reitzig@grammer.com