Gränges is a global leader in aluminium rolling and recycling in selected niches. We’re committed to creating circular and sustainable aluminium solutions in partnership with our customers and suppliers - for a better future.
Gränges is a global leader in aluminium rolling and recycling. We help customers grow and transition to climate neutrality. Our products enable efficient climate control in transportation and buildings, electrification and battery components, recyclable packaging, and more.
Gränges Endure is our product brand for aluminium solutions that combine the highest technical and sustainability performance.
Gränges’ ambition is to create circular and sustainable aluminium solutions for a better future. Sustainability, alongside people and safety, is a key driver of the company’s long-term competitiveness and value creation. These elements are at the core of Gränges’ business and strategy, emphasizing their central role in differentiating the company within the industry.
Investor Relations Director
Anna Hedenberg
anna.hedenberg@granges.com +46 76 869 96 48
Working at Gränges means being surrounded by proud, talented and motivated colleagues – in a safe work environment. Our success is based on extensive industrial craftsmanship and highly employees.
Today 3,500 employees make up Gränges Group in three regions: Americas, Asia and Europe. Gränges is a global company with local presence. Are you joining the team?
Here we have brought together our press releases, financial reports and images. Gränges aims to provide open and clear information disclosure. You are very welcome to contact us if you have questions.
VP Communication & Investor Relations
Sara Lander Hyléen
sara.hyleen@granges.com +46 709 16 16 41
Sales volume reached 38.9 ktonnes (39.3), a decrease of 0.9% compared to previous year.
Net sales totalled SEK 1,281 million (1,198), an increase of 6.9%.
Adjusted operating profit increased by 6.2% to SEK 112 million (106), corresponding to an adjusted operatingmargin of 8.8% (8.8).
Operating profit increased to SEK 97 million (81).
Profit for the period was SEK 69 million (55). Earnings per share, basic and diluted, increased to SEK 0.93 (0.73).
Sales volume reached 125.0 ktonnes (122.3), an increase of 2.2% compared to previous year.
Net sales totalled SEK 4,243 million (3,531), an increase of 20.1%.
Adjusted operating profit increased by 18.0% to SEK 425 million (360), corresponding to an adjusted operating margin of 10.0% (10.2).
Operating profit increased to SEK 410 million (326).
Profit for the period was SEK 295 million (230). Basic earnings per share amounted to SEK 3.96 (3.08) and diluted earnings per share to SEK 3.95 (3.08).
Net debt reduced by SEK 323 million to SEK 442 million, corresponding to 0.6 times adjusted EBITDA (on a rolling 12-month basis).
Comments by the CEO Johan Menckel: "We continued to improve profits during the third quarter, despite lower sales volume compared with previous year. In Europe and North America demand continued to be good while the weaker automotive market in China resulted in a negative development in Asia as a whole. Adjusted operating profit improved by 6.2 percent to SEK 112 million, corresponding to a margin of 8.8 percent. Favourable exchange rates continued to make a positive contribution to profits while the downturn in the aluminium premium meant an unfavourable price lag between the premiums we pay and the premiums we receive", says Johan Menckel.
Webcasted telephone conference On Friday 23 October 2015 at 10.00 CET, CEO Johan Menckel and CFO Oskar Hellström will present Gränges' interim report for the period January-September 2015 via a webcasted telephone conference. The webcast can be accessed on Gränges website www.granges.com/investors. To take part in the telephone conference, please call +46 856642701 (Sweden), +44 2031940544 (United Kingdom) or +1 8552692604 (USA). Please call a few minutes before the telephone conference starts. The presentation will be made in English.
For additional information, please contact: Pernilla Grennfelt, Director Communications & IR pernilla.grennfelt@granges.com,telephone +46 (0) 702 90 99 55
The information in this interim report is such that Gränges must disclose pursuant to the Swedish Securities Market Act and/or the Swedish Financial Instruments Trading Act. The information was submitted for publication on Friday 23 October, 2015, at 07.30 CET.
About Gränges Gränges is a leading global supplier of rolled products for the brazed aluminium heat exchanger industry. The company develops, produces and markets advanced materials that enhance production economy in the customer manufacturing process and the performance of the final products; the brazed heat exchangers. The company's geographical markets are Europe, Asia and the Americas. The production facilities are located in Sweden and in China and have a combined annual capacity of 220,000 metric tonnes. Gränges has some 950 employees and net sales in 2014 totalled SEK 4 748 million. The shares have been listed on Nasdaq Stockholm since October 2014. More information about Gränges is available on granges.com.
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