Grammer’s FY2019 revenue up 9% y/y to USD2.2 billion

Automotive Division’s revenue increased 15% y/y on first time full-year integration of TMD

Grammer’s full-year revenue crossed EUR2 billion (USD2.23 billion) for the first time in 2019, the Germany-based automotive interior systems supplier said in a press release on 4 February. This represented a year-over-year (y/y) growth of around 9% over 2018. The company reported operating EBIT of EUR77 million, up 1.6% y/y, resulting in operating EBIT margin of 3.8% compared to 4.1% a year earlier. Grammer reported 39% y/y growth in full-year EBIT of EUR74 million.