Grammer Ag · XETR:GMM
Grammer — Q1 2025 Earnings Presentation
21 slides from Grammer's earnings presentation, Apr 29, 2025
Slide 1: Financial Results Q1 2025
Financial Results Q1 2025 April 29, 2025
Slide 2: GRAMMER Group at a Glance
Q1 2025 GRAMMER GROUP AT A GLANCE KPIs Q1 2025 Q1 2024 • Current economic environment and trade policies cause uncertainty Q1 2025 Group revenue [in EUR million] 487.4 498.6 among market participants • Slight revenue decline due to EBIT [in EUR million] macroeconomic conditions 19.2 10.9 • Commercia
Slide 3: Group Revenue / EBIT / Operating EBIT
Q1 2025 GROUP REVENUE / EBIT / OPERATING EBIT • Automotive revenue stable, but with REVENUE EBIT OPERATING EBIT [in EUR million] [in EUR million and %] [in EUR million and %] significant changes in regions • CV revenue down by almost 7.5% Margin 2.2% 3.9% Margin 1.9% 4.9% –2.2% • EBIT improved due t
Slide 4: Employees
Q1 2025 EMPLOYEES • AMERICAS –10.9% EMPLOYEES BY REGION [Average; with temporary [Average; with temporary Decrease due to lower customer workers] workers] demand +0.4% • EMEA +4.1% Integration of JAI employees as of 14,329 14,384 January 1, 2025 417 332 CENTRAL SERVICES • APAC +6.4% 2,856 3,038 APAC
Slide 5: Capital Expenditure
Q1 2025 CAPITAL EXPENDITURE • APAC with EUR 3.5 million for CAPITAL BY QUARTER project-specific investments, EXPENDITURE [in EUR million] e.g. injection molding [in EUR million] machines • EMEA still with a portion of -15.9% EUR 5.8 million for machines and project-specific 23.3 investments -15.9% 1
Slide 6: Working Capital, Free Cash Flow and Net Debt
Q1 2025 WORKING CAPITAL, FREE CASH FLOW AND NET DEBT • Increase in working capital due to WORKING CAPITAL FREE CASHFLOW NET DEBT increase of current trade accounts [in EUR million] [in EUR million] [in EUR million] receivable • Free Cash flow negative due to +2.3% higher cash outflows from working c
Slide 7: Equity, Leverage and Gearing
Q1 2025 EQUITY, LEVERAGE AND GEARING • Equity impacted by EQUITY LEVERAGE GEARING [in EUR million] [in %] • Net profit at EUR 9.7 million • Other comprehensive income Margin 15.7% 16.6% EUR –4.3 million Adjusted: Adjusted: • Cashflow hedges EUR +1.6 million 23.3% 24.5% • Foreign currency conversion
Slide 8: APAC Revenue / EBIT / Operating EBIT
Q1 2025 APAC REVENUE / EBIT / OPERATING EBIT • Revenue growth EUR +5.4 million REVENUE EBIT OPERATING EBIT [in EUR million] [in EUR million and %] [in EUR million and %] • Automotive (+8.0%; EUR +6.9 million) compensates drop in CV (–4.3%; EUR – 1.5 million) Margin 7.7% 7.7% Margin 7.7% 7.7% • Ameri
Slide 9: EMEA Revenue / EBIT / Operating EBIT
Q1 2025 EMEA REVENUE / EBIT / OPERATING EBIT • Revenue slightly below previous year REVENUE EBIT OPERATING EBIT [in EUR million] [in EUR million and %] [in EUR million and %] (– 1.5%; EUR –4.3 million) -1.5% •Commercial Vehicles –9.7% Margin 2.3% 4.6% Margin 2.2% 5.3% •Automotive +5.5% 289.5 285.2 •
Slide 10: Americas Revenue / EBIT / Operating EBIT
Q1 2025 AMERICAS REVENUE / EBIT / OPERATING EBIT • Revenue below previous year REVENUE EBIT OPERATING EBIT (–14.9%; EUR –15.2 million) [in EUR million] [in EUR million and %] [in EUR million and %] • Commercial Vehicles –6.5% Margin 0.6% -1.2% Margin -0.1% 1.8% • Automotive –18.5% (EOP of serial pro
Slide 11: Outlook
2022 NG April 29, 2025 GRAMMER
Slide 12: Market Outlook 2025
Q1 2025 MARKET OUTLOOK 2025 EMEA AMERICAS Brazil China World Source S&P Global Light Vehicle Worldwide car production March 2025 -3.2% -1.6% +4.8% +2.1% +0,0% Source S&P Global MHCV, Q4 Worldwide truck production 2024 +4.2% +0.5% +4.8% +5.5% +4.8% -10% to - Slightly Source John Deere Feb. 2025 -5% +
Slide 13: Outlook 2025
OUTLOOK 2025 GRAMMER GROUP OUTLOOK • Customer demand in both product FY 2025 FY 2024 areas will vary by region and between Commercial Vehicles and Automotive in 2025 Group revenue Group revenue • Decline in revenue in AMERICAS ~ 1.9 billion EUR ~ 1.9 billion EUR due to customer and order structure •
Slide 14: Restructuring and Future-Oriented Collective Agreement
RESTRUCTURING AND FUTUR-ORIENTED COLLECTIVE AGREEMENT The collective labor agreement is of crucial importance in order to meet the challenges of the automotive and commercial vehicle industry, which has been shaken by numerous crises. Every employee contributed Improving competitiveness Securing job
Slide 15: MSG 297/2900: Newly developed driver seat
MSG 297/2900: Newly developed driver seat Driver Seat • Fully electric ten-way seat adjustment • Ready for digitalization thanks to CAN bus connection • Memory function • Dualmotion backrest for short backs • Adjustable side contour of the backrest • Integrated two-, three- and four-point belt syste
Slide 16: Q&A
NG April 29, 2025 GRAMMER
Slide 17: 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 18: Thank you for your attention
Thank you for your attention. We deliver what matters. Contact Investor Relations Tanja Bücherl Phone: +49 9621 66 - 2113 E-mail: tanja.buecherl@grammer.com
Slide 19: Key figures Q1 2025
Key figures Q1 2025 April 29, 2025
Slide 20: Key figures Q1 2025 overview
Revenue Group operating EBIT Employees by region 1 Revenue by segment 2 Wert Wert 487.4 Average for the year 23.9 EUR million AMERICAS: AMERICAS: EUR million EUR million 2,856 86.7 APAC: APAC: EBIT margin Capital expenditure 1,613 126.7 3.9% 19.6 EUR million Wert 12,316 487.4 Operating EBIT margin E
Slide 21: Key figures
Q1 2025 Key figures Q1 2025 Q1 2024 1-12 2024 Group revenue 487.4 498.6 1,921.7 Revenue EMEA 285.2 289.5 1,044.3 Revenue AMERICAS 86.7 101.9 391.7 Revenue APAC 126.7 121.3 536.6 EBIT 19.2 10.9 8.1 EBIT margin (in %) 3.9 2.2 0.4 Operating EBIT 23.9 9.4 41.6 Operating EBIT margin (in %) 4.9 1.9 2.2 Ea