Annual Report 2022

5 for 5 in 2025 twenty-five

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GRAMMER AG Online Report 2022

On this page, you find selected information and key figures of the fiscal year 2022. The update on our medium-term guidance until 2025 and a video commentary by our Executive Board are available exclusively here in the online report.

At the top right and at the bottom of the page you will find the complete Annual Report 2022 as a PDF for download.


The Annual Report 2022 was published on 03/30/2023 and includes information on the fiscal year 2022 (01/01/2022 to 12/31/2022).

>5% operating EBIT margin by 2025 5 focus areas

Every day around 50 million people around the world come into contact with GRAMMER products. We make their lives more comfortable, safer and more sustainable. To keep up with the needs of our customers and the fast-moving transformation of our industry, GRAMMER is concentrating on 5 key focus areas to meet its target of >5% operating margin by 2025.

  • Truck driver talking over her radio (photo)

    01 Profitable Growth 01 growth

    Profitable growth secures the group’s future

    Our roadmap 2025 is set for a solid growth of revenues to EUR 2.5bn driven by all regions with a revenue split of 60% Automotive and 40% Commercial Vehicles. Along with our growth trajectory we aim to achieve an operating margin of >5% with key levers from global footprint optimization and a lasting turnaround in AMERICAS.

    • Targets 2025
      2.5 EUR bn
      Revenue
    • >5 %
      Operating EBIT margin
  • Man sitting at the driver seat of a car (photo)

    02 Customer Excellence 02 customer

    Making customer excellence our performance yardstick

    In our focus area customer excellence we are heading to achieve a Zero PPM product quality and a 100% delivery reliability. This is enforced by a global quality initiative and by streamlining the product development process.

    • Targets 2025
      Zero PPM
      Product quality
    • 100 %
      Delivery reliability
  • Two railway passengers use the Grammer Ubility One seats (photo)

    03 Sustainability 03 sustainability

    Sustainability is our contribution to a livable future

    The reduction of Group-wide CO2 emissions by 25% is a further key milestone in medium-term planning until 2025. As part of our Green Company Initiative, in 2030, the target of a 50% reduction in CO2 emissions is to be achieved.

    • Target 2025
      25 %
      Reduction of CO2 emissons
  • Woman sitting in a self-driving car (photo)

    04 Innovation & Digitalization 04 innovation

    Boosting innovation and digitalization
    to secure competitiveness

    GRAMMER has built a strong innovation pipeline in both Automotive and Commercial Vehicles, where we are modernizing our modular seating platform. With our Digitalization Project Mayflower we are aiming to become the global # 1 seat producer in the industry. Furthermore, we introduced a Product Lifecycle Management to shorten product development and project execution and aspire to reach an R&D-to-product conversion of >5 (share of new product sales in relation to share of R&D expenses).

    • Target 2025
      >5
      R&D-to-product conversion
  • Group of people (photo)

    05 Employer of choice 05 employer

    Becoming the employer of choice in our industry

    The GRAMMER Way of Working (WoW) is built on collaboration, openness, drive and empowerment of our employees. It helps us to implement a unique GRAMMER corporate culture. Our aspiration is that all employees will find the best possible environment to unleash their potential and make a strong and satisfying impact with their work.

    Top employer Germany 2023 – Certified excellence in employee conditions (logo)
    • Target 2025
      >80 %
      WoW PULSE survey for overall index
  • Truck driver talking over her radio (photo)
  • Man sitting at the driver seat of a car (photo)
  • Two railway passengers use the Grammer Ubility One seats (photo)
  • Woman sitting in a self-driving car (photo)
  • Group of people (photo)

Figures 2022 key figures

In 2022, we achieved our forecast despite significant macroeconomic challenges.

    • 2021
    • 2022
    Revenue EUR million 2,158.8 +13.4%
    • 2021
    • 2022
    Operating EBIT EUR million 35.5 +55.7%
    • 2021
    • 2022
    Operating EBIT margin % 1.6 +0.4%-points
    • 2021
    • 2022
    Equity ratio % 20.8 -2.5%-points
    • 2021
    • 2022
    Free cash flow EUR million 31.3 +36.9 EURm
    • 2021
    • 2022
    Capital expenditure EUR million 91.0 -20.7%

Focusing on what matters most statement

Executive Board letter

  • Jens Öhlenschläger – Spokesman of the Executive Board; Chief Executive Officer (CEO) (photo)
    Jens Öhlenschläger Spokesman of the Executive Board (CEO)

    We are convinced that the planned measures will significantly enhance GRAMMER’s competitiveness and future viability.

  • Jurate Keblyte – Chief Financial Officer (CFO) (photo)
    Jurate Keblyte Chief Financial Officer (CFO)

    Meeting our forecast is a proof of the resilience and robustness of GRAMMER’s business model.

Read the full letter of the board (PDF)

Sustainability starts with the people sustainability

  • Shuai Liu and his team (Kai Zhang, Yuzhen Li, Cedar Cheng), Peking (photo)
    Green Company initiative: Carlos Plazola and his team (Ivan Cruz, Yessica Suarez, Guadalupe Ruiz, Ivan Cortes, Pau Orzuna, Rosalba Tapia) have replaced cardboard and plastic product packaging with reusable packaging and biodegradable bags. As a result, we have been able to significantly reduce the amount of waste generated at the Tetla plant since 2020 and have already saved more than 237 tons of CO2.
  • Carlos Plazola (photo)
    Green Company initiative: Shuai Liu and his team (Kai Zhang, Yuzhen Li, Cedar Cheng) have replaced 460 incandescent lamps with state-of-the-art LED lights at the Beijing plant, saving around 425,000 kWh of electricity per year. In addition to our electricity costs, this also reduces annual CO2 emissions by more than 335 tons.

Starting in 2020, GRAMMER launched the strategic initiative “Green Company”. The focus of this initiative is on intensifying and strengthening awareness of environmental and sustainability issues throughout the GRAMMER Group as a whole. GRAMMER has committed itself to concrete values that are lived out every day by its employees and thus shape its corporate actions. This includes empowerment, i.e. taking responsibility for their activities, but also for the environment and for future generations. Here you can find out more about our goals on the way to becoming a Green Company.

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Energy and resource efficiency: GRAMMER wants to reduce energy consumption within its processes, promote the use of renewable sources of energy and use natural resources sparingly.

    • 2021
    • 2022
    Share of green electricity % 51 +17%-points
Gearwheels (icon)

Efficient use of materials: GRAMMER designs the use of its production and non-production materials over the entire product lifecycle in the most efficient way possible. Responsible handling of critical materials is a matter of course for the Company.

Recycling (icon)

Avoidance of waste and recycling: GRAMMER reduces its waste and minimizes the use of hazardous waste. Furthermore, GRAMMER recycles more waste and ensures that the appropriate waste disposal and recycling methods are used.

Cloud (icon)

Reduction of emissions: GRAMMER is aiming for the 1.5 degree Paris Agreement goal and is reducing greenhouse gases. Other emissions such as VOC or noise are being reduced to a minimum.

    • 2019
    • 2022
    Scope 1 emissions      tonnes CO2 12,595 -9.2%
    • 2019
    • 2022
    Scope 2 emissions      tonnes CO2 97,150 -28.7%
Box and plant (icon)

Green products: GRAMMER is exploring innovative and sustainable product solutions so that it can offer its customers environmentally friendly alternatives in the future.

Additional key figures

    • 2021
    • 2022
    Average number of employees 14,044 +0.3%
    • 2021
    • 2022
    LTIFR Lost Time Incident Frequency Rate 3.33 -17.6%

The LTIFR describes how many reportable accidents with at least one day of absence occur per million working hours in GRAMMER Group worldwide.