19.01.2016
Grammer AG DE0005895403
DGAP-News: New record reached in Grammer Automotive revenue and order intake in the NAFTA region in 2015
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.
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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
[email protected]
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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
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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: [email protected]
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
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