Analyst Research Report Snapshot

Title:

GRAMMER - SHAPING UP

Price:

$10.00

Provider:

Edison Investment Research

Date:

30 Sep 2013

Pages:

2

Type:

AcrobatPDF

Companies referenced:

GMMG.DE

Available for Immediate Download
Summary:

Grammer is firing on all fronts, which is especially impressive given challenging conditions in its major European markets (two-thirds of H1 revenues). A focus on the premium segment, customer proximity, new products and the success of its Nectec acquisition drove a 36% rise in Q2 EBIT, and, encouragingly, a sharp upgrade in 2013 guidance, with management expecting revenue and earnings to be “appreciably higher” than last year.

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