DGAP-Ad-hoc: Grammer AG / Key word(s): Market Report
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.
Phone: 0049 9621 66 2200
19-March-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
|Phone:||+49 (0)9621 66-0|
|Fax:||+49 (0)9621 66-1000|
|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