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ots Ad hoc-Service: Grammer AG <DE0005895403>

AMBERG (ots Ad hoc-Service) -

Ad hoc-announcement edited and sent by DGAP. The sender is solely
responsible for the contents of this announcement.
Grammer posts strong increase in both sales and earnings as at
September 30 EBIT for the whole of 2000 now expected to reach DM 45
million to DM 50 million
Amberg, November 14, 2000 - The positive business trend at Grammer
AG (Amberg), has been maintained for third quarter, 2000. The
manufacturer of seats, seating systems and automotive equipment with
a global footprint boosted Group business volume by 23 percent to DM
965.1 million (prior year: DM 786.5 million). Earnings before
interest and tax (EBIT) jumped to DM 42.6 million (prior year: DM
-1.8 million), while profit on ordinary activities was also
appreciably higher at DM 20.4 million, compared with DM -12.9 million
in the comparable period a year earlier. Earnings per share likewise
rose from DM - 2.87 last year to DM 1.75, calculated in line with
DVFA/SG.
Against the background of this gratifying development, Grammer AG
has raised its existing earnings forecast for 2000. Depending on the
demand for cars in December, Grammer now expects Group earnings
before interest and tax of DM 45 million to DM 50 million (prior
year: DM -4.8 million) for the whole year. As for Group revenue,
Grammer continues to pursue a target figure of DM 1.25 billion, which
corresponds to a 13 percent rise on last year's amount (DM 1.1
billion).
End
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