Grammer Jumps Most in Three Months on Order: Frankfurt Mover
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).
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