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German auto supplier issues profit warning
German automotive supplier Grammer (Amberg; www.grammer.de) has issued a profit warning for the third quarter. While declining to give details, the company said its previously budgeted EBIT of EUR 40m for the full year will not be achieved. A spokesperson pointed to “an unusual coincidence of one-off factors” as the reason for the unexpected downturn.
07.10.2005 Plasteurope.com [10427]
Published on 07.10.2005