Skip to main content
Sister Publication Links
  • Middle East Foam & Polyurethane
  • UTECH Asia/PU China
  • UTECH Europe
  • UTECH Las Americas
Subscribe
  • My Account
  • Login
  • Subscribe
  • Coronavirus
  • News
    • Asia
    • Americas
    • Europe
    • M & A
    • Financial results
    • Automotive
    • Wanhua completes MDI expansion in Yantai
      Sheela Foam suspends production at Jalpaiguri
      Slentex gains first industrial application
      Turkish sandwich panel maker expands to Azerbaijan
    • Casper 2020 sales up 9%, losses fall
      Coronavirus took 67% off Magna's seating earnings in 2020
      Fictiv raises $35m to expand digital manufacturing services
      Ingevity to make Capa polyols in Louisiana
    • Depressed automotive demand in 2020 hit Faurecia's numbers
      New conductive PU potting compound
      Kingspan profits up slightly in 2020
      PU increases recovery in precious metal mining for FLSmidth
    • Turkish sandwich panel maker expands to Azerbaijan
      BPCL Polyol project in doubt
      PPG buys polyurea company Versaflex
      Recticel buys FoamPartner
    • Depressed automotive demand in 2020 hit Faurecia's numbers
      Casper 2020 sales up 9%, losses fall
      Coronavirus took 67% off Magna's seating earnings in 2020
      Kingspan profits up slightly in 2020
    • Depressed automotive demand in 2020 hit Faurecia's numbers
      Global car sales on rise in January 2021
      Coronavirus takes 14% off Lear's top line
      Coronavirus suppression squeezes western Europe vehicle demand
  • Data
  • Information
    • Country Overview
    • Market Sector overviews
    • Technical articles
    • Company profiles and strategies
    • China’s PU industry on the path to recovery; plans for technology upgrades
      Chinese cold chains grow bigger
      Flexible foam rises to challenges in the Middle East and Africa
      Life at the cross-roads: what does the GCC offer PU?
    • Europe's flexible foam makers face rising prices as outages hit markets
      Western European car registrations rebound slowed in September
      Western European car registrations regained some ground in August
      Western European Car registrations rebound continued in July
    • Take out the VOC with hybrid release agents
      Batteries give pultrusions power
      Seeing a way through VOC and FOG
      Aromatic polyols for simpler rigid PU formulations
    • Hennecke and Frimo: an automotive partnership
      Pushing ahead: AutoRIM drives KM’s UK growth
      BASF opens it first ‘Creation Center’ in Mumbai with a PU twist
      Persistence pays off for CTM
  • Events
    • Exhibitions
    • Conferences
    • Webinars / Livestreams
    • Become a Speaker
  • Advertise
  • Contact Us
  • Issues
  • Subscribe
MENU
Breadcrumb
  1. Home
  2. News
August 09, 2017 12:00 AM

Grammer sees sales, earning growth in H1 2017

Simon Robinson
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    Amburg, Germany — Automotive interior company Grammer saw group sales rise 5% in the first half of 2017 to EUR  908 m compared to EUR 860 m in the 2016 period.

    Hartmut Muller, Grammer ceo. Credit: Deutsche Borse

    Growth in the automotive segment and console business contributed significantly to the development, the company said in its half-year report. This builds on Grammer's sales growth in its first quarter.

    Despite weakness in the Brazilian truck market, the commercial vehicle segment posted a good result in sales, the company added.

    Looking regionally, Grammer said it continued to grow in almost all markets. Its European revenue at EUR 625.7 m was stable. In the Americas sales grew by 27.1% to EUR 147.8 m compared to EUR 116.3 m in the first half of 2016. In the Asia-Pacific region, Grammer said it posted growth of 15.7% to EUR 134.5 m compared to EUR 116.2 m in the first half of 2016.

    The company added it had seen a significant improvement in profitability at the earnings before interest and taxation level. This rose by 23.2% to EUR 44 m across the group for the first half of 2017. This compares with EUR 35.7 m for the first half of 2016. Operating margin increased from 4.1% in the first half of 2016 to 4.8% in the 2017 half.

    ‘We have [had] a lot of work-intensive months with great challenges, which we have mastered,’ said Hartmut Muller, CEO. Grammer’s board spent some time fighting off an attempt by a Cascade International to gain control the company and despite this, ‘we have been able to significantly improve performance in our operating business. The success of which is reflected in the operating results of the first half of the year,’ he said.

    Recommended for You
    Depressed automotive demand in 2020 hit Faurecia's numbers
    Depressed automotive demand in 2020 hit Faurecia's numbers
    Wanhua completes MDI expansion in Yantai
    Wanhua completes MDI expansion in Yantai
    Casper 2020 sales up 9%, losses fall
    Casper 2020 sales up 9%, losses fall
    Latest Issue
    Click HERE for Free Download
    View All Archives
    Get our newsletters

    Breaking news and in-depth coverage of essential topics delivered straight to your inbox.

    Subscribe today

    Register to access our archive of leading information on the polyurethanes industry.

    Subscribe now
    Connect with Us
    • Twitter
    • LinkedIn
    • Facebook
    • Youtube

    Follow us on social media for the latest polyurethanes industry news and event updates.

    Logo
    Contact Us

    Office 127,
    61, Willow Walk,
    London
    SE1 5SF
    E-mail us
    +44 (0) 203 287 5979

    Customer Service:
    +1 313 446 0450

    Resources
    • Advertise with Us
    • Media Kit
    • Staff
    • Careers
    • Ad Choices Ad Choices
    • Sitemap
    Legal
    • Terms and Conditions
    • Privacy Policy
    • Privacy Request
    Copyright © 1996-2021. Crain Communications, Inc. All Rights Reserved.
    • Coronavirus
    • News
      • Asia
      • Americas
      • Europe
      • M & A
      • Financial results
      • Automotive
    • Data
    • Information
      • Country Overview
      • Market Sector overviews
      • Technical articles
      • Company profiles and strategies
    • Events
      • Exhibitions
      • Conferences
      • Webinars / Livestreams
      • Become a Speaker
    • Advertise
    • Contact Us
    • Issues
    • Subscribe