Billion-dollar sales, million-dollar loss – Grammer slips off

The Oberpfälzer car supplier Grammer has slipped deep into the red. Last year, the seat manufacturer wrote a net loss of 48 million euros. Sales fell from just over 2 billion euros to 1.9 billion euros, as reported by the Chinese-owned company for several years. The market environment in the industries relevant to Grammer did not recover – unlike expected – in 2024. The crisis over the course of the year has worsened business especially in the E…