EQS-News: Good Start to 2023 Financial Year for GRAMMER AG
GRAMMER AG recorded a considerable year-on-year increase in Group revenue of 14.4% to EUR 589.1 million (Q1 2022: EUR 515.0 million).
- GRAMMER AG recorded a considerable year-on-year increase in Group revenue of 14.4% to EUR 589.1 million (Q1 2022: EUR 515.0 million).
- Group earnings before interest and taxes (EBIT) rose significantly to EUR 11.7 million in the first quarter of 2023 (Q1 2022: EUR -1.2 million).
- GRAMMER Group’s operating EBIT also improved significantly to EUR 13.9 million (Q1 2022: EUR -2.5 million), resulting in an operating EBIT margin of 2.4% (Q1 2022: -0.5%).
- Operating EBIT improved to EUR -9.3 million in the first quarter of 2023 (Q1 2022: EUR -16.9 million).