Germany: Grammer sees return to profit in 2010

German seating and interiors supplier Grammer AG has reported a 27.8% decline in revenue in 2009 and an EBIT loss of €23.9m (US$32.2m), although the company is predicting a return to revenue growth in 2010 and "slightly positive" earnings. Grammer's revenue in 2009 amounted to €727.4m, down from €1,007.0m in the Subscribe to Automotive World … Continued

• By Webmaster
• March 31, 2010