GRAMMER Aktiengesellschaft: Year-on-year change in earnings performance in
first quarter of 2024

EQS-Ad-hoc: GRAMMER Aktiengesellschaft / Key word(s): Preliminary Results
GRAMMER Aktiengesellschaft: Year-on-year change in earnings performance in
first quarter of 2024

09-Apr-2024 / 11:27 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Publication of inside information pursuant to Article 17 of Regulation (EU)
No. 596/2014

GRAMMER AG (WKN 589540, ISIN DE0005895403)

GRAMMER AG: Year-on-year change in earnings performance in first quarter of
2024

Ursensollen, April 9, 2024 - Based on its preliminary figures for the first
quarter of 2024, GRAMMER AG's earnings performance was lower than in the
same period of the previous year. Earnings before interest and taxes (EBIT)
for the first three months of 2024 declined to around EUR 3.9 million
compared with the previous year (Q1 2023: EUR 11.7 million), while operating
EBIT amounted to around EUR 2.4 million (Q1 2023: EUR 13.9 million).
Operating EBIT was adjusted for positive currency effects of around EUR 1.5
million. Group revenue for the period from January to March 2024 fell by EUR
32.5 million compared to the same period of the previous year and amounted
to around EUR 556.6 million (Q1 2023: EUR 589.1 million).

Operating earnings in the first three months of 2024 were mainly impacted by
revenue decline, higher costs in connection with volatile capacity
utilization at plants, ramp-up costs at the new commercial vehicle plant in
the US and currency losses. Moreover, revenue in the EMEA and APAC regions
was lower than expected in the first quarter of 2024. This was due to weaker
demand from manufacturers in response to the significant and continuing
macroeconomic and industry-specific uncertainties.

The Executive Board is maintaining its full-year guidance as published in
the 2023 Annual Report (Group revenue of around EUR 2.3 billion; operating
EBIT of around EUR 75 million).

The interim management statement for the first quarter of 2024 will be
published on April 29, 2024.

The Executive Board
GRAMMER AG

Contact:

GRAMMER Aktiengesellschaft
Tanja Bücherl
Phone: 0049 9621 66 2113
investor-relations@grammer.com


End of Inside Information

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   Language:       English
   Company:        GRAMMER Aktiengesellschaft
                   Grammer-Allee 2
                   92289 Ursensollen
                   Germany
   Phone:          +49 (0)9621 66-0
   Fax:            +49 (0)9621 66-31000
   E-mail:         investor-relations@grammer.com
   Internet:       www.grammer.com
   ISIN:           DE0005895403, DE0005895403
   WKN:            589540, 589540
   Listed:         Regulated Market in Frankfurt (Prime Standard), Munich;
                   Regulated Unofficial Market in Berlin, Dusseldorf,
                   Hamburg, Stuttgart, Tradegate Exchange
   EQS News ID:    1876511

End of Announcement EQS News Service
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1876511 09-Apr-2024 CET/CEST