GRAMMER AG (FRA:GMM) Grammer decides to halt production at its European locations

Directive transparence : information réglementée

19/03/2020 21:10

DGAP-Ad-hoc: Grammer AG / Key word(s): Market Report
Grammer decides to halt production at its European locations

19-March-2020 / 21:10 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Disclosure of inside information in accordance with Art. 17 MAR Grammer AG (WKN 589540, ISIN DE0005895403)

- Grammer decides to halt production at its European locations


Amberg, March 19, 2020 - As a result of the corona pandemic spreading in Europe, major car manufacturers have announced a temporary halt of their production. For this reason, the Executive Board of the automotive supplier Grammer AG (WKN: 589540 / ISIN: DE0005895403) has decided today to reduce or stop the production at its European locations from the beginning of next week. Production will be maintained at locations that supply customers outside Europe or commercial vehicle manufacturers according to their demands.

In view of the current spread of the Corona pandemic, the economic effects on Grammer can neither be adequately determined nor reliably quantified at present.

Grammer AG
Executive Board

Boris Mutius
Phone: 0049 9621 66 2200

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Language: English
Company: Grammer AG
Georg-Grammer-Str. 2
92224 Amberg
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
Listed: Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange
EQS News ID: 1002501

End of Announcement DGAP News Service

1002501  19-March-2020 CET/CEST