Grammer Ag · XETR:GMM
Grammer — H1 2025 Earnings Presentation
20 slides from Grammer's earnings presentation, Aug 14, 2025
Slide 1: Financial Results H1 2025
Financial Results H1 2025 August 14, 2025
Slide 2: GRAMMER Group at a Glance
H1 2025 GRAMMER GROUP AT A GLANCE H1 2025 KPIs H1 2025 H1 2024 • Revenue declines due to macroeconomic uncertainties – Group revenue [in EUR million] Commercial Vehicles and Automotive down, but with mixed 953.7 999.1 regional development • EBIT below previous year's level, operating EBIT improved d
Slide 3: Group Revenue / EBIT / Operating EBIT
H1GROUP 2025REVENUE / EBIT / OPERATING EBIT • Revenue decrease due to economic- REVENUE EBIT OPERATING EBIT related weak demand [in EUR million] [in EUR million and %] [in EUR million and %] • EBIT declined because of -4.5% Margin 3.3% Margin 3.0% • decrease in revenue 2.5% 3.7% 999.1 • currency los
Slide 4: Employees by Region
H1EMPLOYEES 2025 • EMEA +3.3% EMPLOYEES BY REGION increase resulting from the [Average; with temporary [Average; with temporary acquisition of the JAI companies workers] workers] (Bosnia, CZ, and Germany) -0.4% • APAC +2.0% 14,261 14,201 extension for future growth • AMERICAS -14.6% 416 331 CENTRAL
Slide 5: Capital Expenditure
H1CAPITAL 2025 EXPENDITURE • EMEA: EUR 12.9 million, lower CAPITAL BY QUARTER capitalization volume and focus on EXPENDITURE [in EUR million] new product launches at CZ plants in [in EUR million] Ceska Lipa and Aleksinac plant in Serbia -37.1% • APAC: EUR 8.4 million in H1 2025; 55.6 decline due to
Slide 6: Working Capital, Free Cash Flow and Net Debt
H1WORKING 2025CAPITAL, FREE CASH FLOW AND NET DEBT • Working Capital deterioration to WORKING CAPITAL FREE CASHFLOW NET DEBT EUR 229.0 million [in EUR million] [in EUR million] [in EUR million] • EUR 20 million in accounts payables were removed due to +12.2% the dissolution of a US Group company 485
Slide 7: Equity, Leverage and Gearing on Group Level
H1EQUITY, 2025 LEVERAGE AND GEARING ON GROUP LEVEL EQUITY LEVERAGE GEARING [in EUR million] [in %] • Equity stable at EUR 253.8 million; ratio increased slightly to 16.2% Ratio 15.7% 16.2% • main reason for the change is Adjusted: 24.5% the negative other comprehensive income of EUR –24.1 million: -
Slide 8: EMEA Revenue / EBIT / Operating EBIT
H1EMEA 2025 REVENUE / EBIT / OPERATING EBIT • Improvements in Automotive product REVENUE EBIT OPERATING EBIT area due to JAI acquisition [in EUR million] [in EUR million and %] [in EUR million and %] • FX-adjusted revenue at +0.5% EUR 566.6 million (+1.0%) Margin 2.7% 3.5% Margin 2.5% 4.3% • Automot
Slide 9: APAC Revenue / EBIT / Operating EBIT
H1APAC 2025 REVENUE / EBIT / OPERATING EBIT REVENUE EBIT OPERATING EBIT [in EUR million] [in EUR million and %] [in EUR million and %] • Slight revenue decline of -0.4% in -3.3% Automotive, while Commercial Margin 9.2% 7.1% Margin 9.3% 7.2% Vehicles was more affected with a 254.2 245.7 decline of -1
Slide 10: Americas Revenue / EBIT / Operating EBIT
H1AMERICAS 2025REVENUE / EBIT / OPERATING EBIT • Revenue lower than previous year REVENUE EBIT OPERATING EBIT • FX-adjusted revenue at [in EUR million] [in EUR million and %] [in EUR million and %] EUR 171.0 million (-19.2%) • Automotive Margin 2.1% -3.5% Margin 1.4% -0.1% EUR 110.9 million (-25.3%)
Slide 11: August 14, 2025
2022 August 14, 2025 % GRAMMER
Slide 12: Outlook 2025
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 2025 ~ 1.9 billion EUR 1.9 billion EUR • Decline in revenue in AMERICAS due to order and customer structure Ope
Slide 13: Integration of Jifeng Automotive Interior Gruppe
Integration of Jifeng Automotive Interior Gruppe • On December 31, 2024, GRAMMER integrated the Jifeng Automotive Interior Group (JAI) via an asset deal • JAI was a 100% subsidiary of Ningbo Jifeng Auto Five sites: Parts Co., Ltd., China, the parent company of GRAMMER Germany (2) • Producer of headr
Slide 14: GRAMMER & JAI – Compelling benefits from combined activities
GRAMMER & JAI – Compelling benefits from combined activities Products Footprint • Combined portfolio and joint R&D activities • Combined presence with available offers superior product solutions capacities and capabilities; improvement of cost structure with locations in Bosnia & Herzegovina Custome
Slide 15: H1 2025 August 14, 2025
August 14, 2025 SZ GRAMMER
Slide 16: 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 17: 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 18: Key figures H1 2025
Key figures H1 2025 August 14, 2025
Slide 19: Key figures H1 2025 overview
Revenue Group operating EBIT Employees by region 1 Revenue by segment 2 Wert Wert 953.7 Average for the year 35.6 EUR million AMERICAS: AMERICAS: EUR million EUR million 2,800 165.8 APAC: APAC: EBIT margin Capital expenditure 1,615 245.7 2.5% 35.0 EUR million Wert 12,173 953.7 Operating EBIT margin
Slide 20: Key figures H1 2025 table
H1Key2025 figures Q2 2025 Q2 2024 01-06 2025 01-06 2024 1-12 2024 Group revenue 466.3 500.5 953.7 999.1 1,921.7 Revenue EMEA 278.7 271.6 563.9 561.1 1,044.3 Revenue AMERICAS 79.1 109.7 165.8 211.6 391.7 Revenue APAC 119.0 132.9 245.7 254.2 536.6 EBIT 5.0 22.0 24.2 32.9 8.1 EBIT margin (in %) 1.1 4.4