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GRAMMER AG (FRA:GMM) New record reached in Grammer Automotive revenue and order intake in the NAFTA region in 2015

Directive transparence : information réglementée

19/01/2016 10:34
DGAP-News: Grammer AG / Key word(s): Miscellaneous New record reached in Grammer Automotive revenue and order intake in the NAFTA region in 2015 19.01.2016 / 10:34 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- New record reached in Grammer Automotive revenue and order intake in the NAFTA region in 2015 First start-up of production for center consoles series at the new plant in Tupelo, Mississippi Amberg, Germany / Troy, Michigan, United States, January 19, 2016 - Grammer Automotive, a globally active specialist in passenger vehicle interiors continued on its successful growth trajectory in North America last year. According to preliminary figures, the Automotive Division's NAFTA revenue exceeded EUR 160 million, thus exceeding the previous year's record figure by around 15 percent. In addition to the generally upbeat US light vehicles market, this very encouraging performance was particularly driven by new interior products for models produced by German and Northern American automotive OEMs. At around EUR 600 million, order intake in the Automotive Division for the NAFTA region also reached a new record in 2015, almost doubling over the previous year's already high figure. Future growth and efforts to widen the company's share of the NAFTA market over the next few years are being underpinned by numerous headrest, consoles and armrest products. Grammer Automotive addresses its Northern American automotive customers via its two production plants in Querétaro and Tetla in Mexico as well as its sales and development facility in Troy, Michigan in the United States. As well as this, Grammer has additionally strengthened its presence in the important US market with its new local facility in Tulepo in Mississippi, which is currently in the final preparations ahead of its first series start-up in the Automotive Division. From mid-2016, the new plant will be producing premium center consoles for a leading US automotive OEM. All told, Grammer Automotive is planning 15 new product start-ups in the NAFTA region over the next two years alone and is therefore confident of being able to continue its successful growth trajectory this year as well. Grammer AG will be publishing its full annual report for 2015 on March 30, 2016. Company Profile GRAMMER AG, Amberg, Germany, specializes in the development and production of components and systems for automotive interiors as well as driver and passenger seats for utility and offroad vehicles. In the Automotive Division, we supply headrests, armrests and center console systems to premium automakers and automotive system suppliers. The Seating Systems Division comprises the truck and offroad seat segments as well as train and bus seats. Grammer is represented in 20 countries worldwide with a workforce of over 12,000 employees across its 30 subsidiaries. The GRAMMER share is listed in the SDAX and traded on the Frankfurt and Munich stock exchanges via the electronic trading system Xetra as well as in over-the-counter trading at the Stuttgart, Berlin and Hamburg stock exchanges. Contact: GRAMMER AG Ralf Hoppe Phone: 0049 9621 66 2200 investor-relations@grammer.com --------------------------------------------------------------------------- 19.01.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Grammer AG Postfach 14 54 92204 Amberg Germany Phone: +49 (0)9621 66-0 Fax: +49 (0)9621 66-1000 E-mail: investor-relations@grammer.com Internet: www.grammer.com ISIN: DE0005895403, DE0005895403 WKN: 589540, 589540 Indices: SDAX Listed: Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart End of News DGAP News Service --------------------------------------------------------------------------- 430613 19.01.2016