GMH Gruppe masters the crisis

2020 - the Corona year

Media information on business situation and personnel changes:

17.12.2020

Business situation

According to the latest predictions, the companies of the GMH Gruppe will achieve a clearly positive operating result before taxes, interest and depreciation during the crisis year, despite a serious loss of turnover. Thanks to stringent management of costs and current assets, the Company's debt is declining. 

Chairman of the Supervisory Board Jürgen Grossmann and the shareholders of the GMH Gruppe therefore expressly thank all employees for the good work achieved. Their extraordinary flexibility made it possible to cope with extreme fluctuations in the level of business. It was thus at all times possible to assure on-time supply capability and the familiar high level of quality for all customers. 

Despite continuing uncertainty as a result of the second wave of Corona, the Supervisory Board and the shareholders consider the Group to be well prepared for the coming year thanks to the continuation of rigorous cost management and a business level now again recovering since the autumn. The Group will continue to develop positively in 2021. 

Change of personnel in corporate bodies

After several decades of successful work on behalf of the Company, Hero Brahms and Prof. Heinrich von Pierer will be relinquishing their duties on the Supervisory Board of GMH Holding. Their successors will be Steffen Kampeter and Volker Kefer. The Supervisory Board and shareholders wish to thank Hero Brahms and Heinrich von Pierer most sincerely for their commitment to the GMH Gruppe and look forward to cooperating with Steffen Kampeter and Volker Kefer.

Operational management of the Group is with immediate effect the responsibility of Frank Brüggestrat and Thomas Löhr, who becomes Chairman until further notice. After twelve years of service with GMH Gruppe, since 2017 as Chairman of the Board, Frank Koch's contract expires on 31 December 2021. The Supervisory Board and the shareholders wish to expressly thank Frank Koch for his dedicated and unceasing commitment on behalf of the Company.

Klaus Schmidtke

Head of Communications GMH Gruppe