Grammer Ag · XETR:GMM
Grammer — Q1 2026 Earnings Presentation
21 slides from Grammer's earnings presentation, Apr 29, 2026
Slide 1: Financial Results Q1 2026
AI-generated picture (Source: Freepik) Financial Results Q1 2026 April 29, 2026
Slide 2: GRAMMER Group at a Glance Q1 2026
Q1 2026 GRAMMER GROUP AT A GLANCE KPIs Q1 2026 Q1 2025 • GRAMMER‘s market environment still impacted by industry-specific Q1 2026 Group revenue [in EUR million] uncertainties and macroeconomic 462.0 487.4 instabilities, affecting revenue development EBIT [in EUR million] 23.3 19.2 • Commercial Vehic
Slide 3: Group Revenue / EBIT / Operating EBIT
Q1 2026 GROUP REVENUE / EBIT / OPERATING EBIT REVENUE EBIT OPERATING EBIT • CV revenue increased by 2.1% [in EUR million] [in EUR million] [in EUR million] -5.2% • Automotive revenue down by Margin 3.9% 5.0% Margin 4.9% 4.0% 9.3%; decrease through all regions 487.4 462.0 due to economic-related weak
Slide 4: EMEA Revenue / EBIT / Operating EBIT
Q1 2026 EMEA REVENUE / EBIT / OPERATING EBIT • Revenue declined in comparison to REVENUE EBIT OPERATING EBIT previous year (EUR –4.7 million) [in EUR million] [in EUR million and %] [in EUR million and %] • Commercial Vehicles +1.1% -1.6% • Automotive –3.6% Margin 4.6% 7.1% Margin 5.3% 6.7% 285.2 28
Slide 5: APAC Revenue / EBIT / Operating EBIT
Q1 2026 APAC REVENUE / EBIT / OPERATING EBIT REVENUE EBIT OPERATING EBIT • Revenue decline of 4.8% to [in EUR million] [in EUR million and %] [in EUR million and %] EUR 120.6 million, however increase of 2.0% adjusted by Margin 7.7% 6.4% Margin 7.7% 6.7% currency effects -4.8% • Commercial Vehicles
Slide 6: Americas Revenue / EBIT / Operating EBIT
Q1 2026 AMERICAS REVENUE / EBIT / OPERATING EBIT REVENUE EBIT OPERATING EBIT [in EUR million] [in EUR million and %] [in EUR million and %] • Revenue down by 18.9% or EUR –16.4 million Margin -1.2% -1.8% Margin +1.8% -5.5% • Automotive –18.2% • Commercial Vehicles –20.3% -18.9% • The decline in reve
Slide 7: Employees
Q1 2026 EMPLOYEES • EMEA –10.6% EMPLOYEES BY REGION Decrease due to optimization, [Average; [Average; restructuring measures and internal with temporary workers] with temporary workers] organizational transfer to CS -5.0% • APAC +8.0% 14,384 Growth driven by capacity expansion and 13,658 new product
Slide 8: Capital Expenditure
Q1 2026 CAPITAL EXPENDITURE CAPITAL BY QUARTER • EMEA: EUR 10.9 million, [in EUR million] increase in capital expenditures EXPENDITURE [in EUR million] of EUR 5.1 million because of +16.3% mainly IFRS 16 leasing contract for a building in Poland 22.8 • APAC: EUR 6.5 million; increase 19.6 36.8 due t
Slide 9: Working Capital, Free Cash Flow and Net Debt
Q1 2026 WORKING CAPITAL, FREE CASH FLOW AND NET DEBT WORKING CAPITAL FREE CASHFLOW NET DEBT • Working capital increased to EUR [in EUR million] [in EUR million] [in EUR million] 206.3 million, mainly because of seasonal increase in sales from +11.2% EMEA trade accounts receivables and timing effect
Slide 10: Equity, Leverage and Gearing
Q1 2026 EQUITY, LEVERAGE AND GEARING EQUITY LEVERAGE GEARING [in EUR million] [in %] • Equity rose to EUR 297.8 million; equity ratio increased to 18.1% Margin 17.3% 18.1% Adjusted: Adjusted: 25.4% 26.0% • The improved leverage ratio reflects the impact of sustained operational improvements reflecte
Slide 11: Outlook
OUTLOOK i April 29, 2026 GRAMMER
Slide 12: Market Outlook 2026
Q1 2026 MARKET OUTLOOK 2026 EMEA Americas Brazil China World Source: S&P Global LV Production Light Vehicle -2.7% -0.7% +3.8% -1.6% -1.0% Forecast March 2026 Improvement after Normalization/Decli- Growth returns but MHCV Truck/Bus Source: S&P Global MHCV Steady recovery slow 2025 Flat to down 1% ne
Slide 13: Outlook 2026
OUTLOOK 2026 GRAMMER GROUP OUTLOOK FY 2026 FY 2025 • Regional and segment-specific demand development expected in 2026 Group revenue Group revenue • Group revenue forecast at ~ EUR 1.9 billion ~ EUR 1.8 billion ~ EUR 1.9 billion • Growth momentum in China driven Operating EBIT Operating EBIT by loca
Slide 14: CONEXPO 2026
CONEXPO 2026 CONEXPO-CON/AGG • CONEXPO 2026 proved to be the largest construction equipment trade fair in North America, with broad participation from OEMs and suppliers • GRAMMER participated with a focused off-road seating portfolio • MSG297/2900 drew noticeable interest, mainly related to modular
Slide 15: Next events
Next events May 22, 2026 August 14, 2026 October 30, 2026 Annual General Meeting H1 Report 9M Report May June July August September October November More information under: GRAMMER AG | GRAMMER AG April 29, 2026 Q1 2026 15 Grammer AG | LinkedIn © GRAMMER AG
Slide 16: Q&A
NG April 29, 2026 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 Katerina Koch Phone: +49 9621 66 - 2222 E-mail: Katerina.Koch@grammer.com
Slide 19: Key figures Q1 2026
Key figures Q1 2026 April 29, 2026
Slide 20: Key figures Q1 2026 overview
Revenue Group operating EBIT Employees by region 1 Revenue by segment 2 Wert Wert 462.0 Average for the year 18.3 EUR million AMERICAS: AMERICAS: EUR million EUR million 2,444 70.3 APAC: APAC: EBIT margin Capital expenditure 1,551 120.6 5.0% 22.8 EUR million Wert 11,375 462.0 Operating EBIT margin E
Slide 21: Key figures
Q1 2026 Key figures Q1 2026 Q1 2025 01-03 2026 01-03 2025 1-12 2025 Group revenue 462.0 487.4 462.0 487.4 1,821.2 Revenue EMEA 280.5 285.2 280.5 285.2 1,069.6 Revenue AMERICAS 70.3 86.7 70.3 86.7 316.9 Revenue APAC 120.6 126.7 120.6 126.7 477.3 EBIT 23.3 19.2 23.3 19.2 69.1 EBIT margin (in %) 5.0 3.