Grammer Ag · XETR:GMM
Grammer — 9M 2025 Earnings Presentation
19 slides from Grammer's earnings presentation, Oct 30, 2025
Slide 1: Financial Results 9M 2025
Financial Results 9M 2025 October 30, 2025
Slide 2: GRAMMER Group at a Glance
9M 2025 GRAMMER GROUP AT A GLANCE KPIs 9M 2025 9M 2024 • GRAMMER‘s market environment 9M 2025 Group revenue [in EUR million] impacted by macoreconomic and industry-specific uncertainties and 1,386.9 1,472.0 instabilities EBIT [in EUR million] • Revenue impacted by macroeconomic 42.4 –2.4 instabiliti
Slide 3: Group Revenue / EBIT / Operating EBIT
9M 2025 GROUP REVENUE / EBIT / OPERATING EBIT REVENUE EBIT OPERATING EBIT • CV revenue stable with 0.3% growth [in EUR million] [in EUR million] [in EUR million] -85.1 • Automotive revenue down 9.0 % due to economic related weak demand Margin -0.2% 3.1% Margin 2.6% 3.6% 1,472.0 • EBIT improved signi
Slide 4: Employees
9M 2025 EMPLOYEES EMPLOYEES BY REGION • EMEA +5.3% [Average; [Average; integration of JAI companies with temporary workers] with temporary workers] increased headcount -1.3% • APAC +1.2% 14,169 13,986 extension for future growth 414 336 CENTRAL SERVICES 2,964 3,000 APAC • AMERICAS -15.8% workforce a
Slide 5: Capital Expenditure
9M 2025 CAPITAL EXPENDITURE CAPITAL BY QUARTER • EMEA: EUR 22.2 million, lower [in EUR million] capitalization volume and focus EXPENDITURE [in EUR million] on new product launches at CZ -24.8% plants in Ceska Lipa and Aleksinac plant in Serbia 76.1 • APAC: EUR 17.0 million; decline -52.3% due to lo
Slide 6: Working Capital, Free Cash Flow and Net Debt
9M 2025 WORKING CAPITAL, FREE CASH FLOW AND NET DEBT WORKING CAPITAL FREE CASHFLOW NET DEBT [in EUR million] [in EUR million] [in EUR million] • Working capital stable at EUR 173.5 million +1.2% • The improvement in free cash flow 485.6 491.4 reflects the operating performance, as reflected in the A
Slide 7: Equity, Leverage and Gearing
9M 2025 EQUITY, LEVERAGE AND GEARING EQUITY LEVERAGE GEARING [in EUR million] [in %] • Equity stable at EUR 269.9 million; ratio increased slightly to 16.9% Margin 15.7% 16.9% Adjusted: Adjusted: • The improved leverage ratio reflects 23.3% 25.0% the impact of sustained operational improvements, whi
Slide 8: EMEA Revenue / EBIT / Operating EBIT
9M 2025 EMEA REVENUE / EBIT / OPERATING EBIT • Revenue at previous year level REVENUE EBIT OPERATING EBIT (+0.3%; EUR +2.1 million) [in EUR million] [in EUR million and %] [in EUR million and %] • Commercial Vehicles +2.0% +2.1 • Automotive -1.0% Margin 0.3% 3.8% Margin 2.3% 4.3% 810.8 812.9 • EBIT
Slide 9: APAC Revenue / EBIT / Operating EBIT
9M 2025 APAC REVENUE / EBIT / OPERATING EBIT REVENUE EBIT OPERATING EBIT [in EUR million] [in EUR million and %] [in EUR million and %] • Revenue decline of 8.9% to -8.9% EUR 359.7 million Margin 8.3% 7.3% Margin 8.3% 7.4% 394.7 • In Commercial Vehicles slight 359.7 revenue decline of -1.9% Commerci
Slide 10: AMERICAS Revenue / EBIT / Operating EBIT
9M 2025 AMERICAS REVENUE / EBIT / OPERATING EBIT • Revenue down by 19.5% or REVENUE EBIT OPERATING EBIT EUR –59.5 million [in EUR million] [in EUR million and %] [in EUR million and %] • Automotive -24.2% -19.5% • Commercial Vehicles -8.3% Margin -3.0% -3.8% Margin -1.0% -1.6% 305.3 • Results still
Slide 11: Outlook
2022 NG October 30, 2025 GRAMMER
Slide 12: Outlook 2025 GRAMMER Group
OUTLOOK 2025 GRAMMER GROUP OUTLOOK FY 2025 FY 2024 • Customer demand in both product areas will vary by region and between Commercial Vehicles and Group revenue Group revenue Automotive in FY 2025 ~ 1.9 billion EUR ~ 1.9 billion EUR • Decline in revenue in AMERICAS due to customer and order structur
Slide 13: TOP 10 Program expanded by Fit for Tomorrow
TOP 10 PROGRAM expanded by a further initiative: FIT FOR TOMORROW Relocation of selected, project-related tasks to GRAMMER´s Chinese locations. • Optimise collaboration • Enhance competitiveness in the project business • Achieve cost savings By relocating selected activities and fostering collaborat
Slide 14: Q&A
NG October 30, 2025 GRAMMER
Slide 15: Legal disclaimer
GRAMMER Group Legal disclaimer By attending the presentation to which this document relates or by accepting this document and not immediately returning it, you agree to be bound to the following limitations: This presentation and the topics addressed therein have been compiled for discussion purpose
Slide 16: Thank you for your attention
Thank you for your attention. We deliver what matters. Contact Investor Relations Katerina Koch Phone: +49 9621 66 - 2222 E-mail: Katerina.Koch@grammer.com
Slide 17: Key figures 9M 2025
Key figures 9M 2025 October 30, 2025
Slide 18: Key figures overview
Revenue Group operating EBIT Employees by region 1 Revenue by segment 2 Wert Wert 1,386.9 Average for the year 49.9 EUR million AMERICAS: AMERICAS: EUR million EUR million 2,746 245.8 APAC: APAC: EBIT margin Capital expenditure 1,613 359.7 3.1% 57.2 EUR million Wert 12,023 1,386.9 Operating EBIT mar
Slide 19: Key figures
9M 2025 Key figures Q3 2025 Q3 2024 01-09 2025 01-09 2024 1-12 2024 Group revenue 433.2 472.9 1,386.9 1,472.0 1,921.7 Revenue EMEA 249.0 249.7 812.9 810.8 1,044.3 Revenue AMERICAS 80.0 93.7 245.8 305.3 391.7 Revenue APAC 114.0 140.5 359.7 394.7 536.6 EBIT 18.2 -35.3 42.4 -2.4 8.1 EBIT margin (in %)