Grammer Jumps Most in Three Months on Order: Frankfurt Mover

Grammer AG (GMM), a German maker of seats for cars, buses and tractors, jumped the most in more than three months after winning an order from Deutsche Bahn AG for 46,000 train seats.

Grammer, based in Amberg, will replace the seats in 770 of Deutsche Bahn AG’s intercity trains in an order to be filled over three years, the company said in a statement today.

The shares rose as much as 0.98 euros, or 6.5 percent, to 16.13 euros, the biggest intraday increase since May 22. They traded at 16.05 euros at 9.49 a.m. in Frankfurt, giving the company a market value of 185 million euros ($238 million).

To contact the reporter on this story: Richard Weiss in Frankfurt at rweiss5@bloomberg.net

To contact the editor responsible for this story: Benedikt Kammel at bkammel@bloomberg.net

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