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Granges AB (GRANG.ST)

GRANG.ST on Stockholm Stock Exchange

85.00SEK
12 Dec 2017
Change (% chg)

-0.25kr (-0.29%)
Prev Close
85.25kr
Open
85.25kr
Day's High
85.50kr
Day's Low
84.00kr
Volume
108,516
Avg. Vol
218,002
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104.50kr
52-wk Low
77.00kr

Latest Key Developments (Source: Significant Developments)

Granges Q3 oper. profit at SEK ‍​227 mln, below expectations
Thursday, 26 Oct 2017 01:30am EDT 

Oct 26 (Reuters) - GRANGES AB :Q3 REVENUES SEK ‍2.73​ BILLION (REUTERS POLL: SEK 2.81 BILLION).Q3 OPERATING PROFIT SEK ‍​227 MILLION (REUTERS POLL: SEK 234 MILLION).EXPECTS A SOMEWHAT LOWER GROWTH RATE THAN THE MARKET IN THE FOURTH QUARTER‍​.US OPERATIONS GRÄNGES ACQUIRED IN 2016 IS EXPECTED TO CONTINUE TO GROW IN THE FOURTH QUARTER.GRANGES AB - IMPACT OF CHANGES IN FOREIGN EXCHANGE RATES ON OPERATING PROFIT IS EXPECTED TO BE NEGATIVE IN Q4 COMPARED TO LAST YEAR."WHEN LOOKING INTO 2018, WE FORESEE A POSITIVE DEVELOPMENT IN ALL OUR REGIONS"‍​.  Full Article

Competition authorities approve Granges' investment in GETEK
Friday, 6 Oct 2017 10:40am EDT 

Oct 6 (Reuters) - Granges Ab :Competition authorities approve Gränges' investment in GETEK gmbh.Says ‍Gränges invests eur 4.4 million in cash for 51 percent of GETEK gmbh​.Says ‍GETEK is estimated to have revenues of approximately eur 3 million in 2017​.  Full Article

Gränges establishes a commercial paper program
Monday, 25 Sep 2017 08:00am EDT 

Sept 25 (Reuters) - GRANGES AB ::GRÄNGES ESTABLISHES A COMMERCIAL PAPER PROGRAM.‍ESTABLISHES A COMMERCIAL PAPER PROGRAM WITH A FRAME AMOUNT OF SEK 1,500 MILLION AS A COMPLEMENT TO GROUP'S OTHER SHORT TERM FINANCING​.‍TERM OF ISSUE OF COMMERCIAL PAPERS WILL BE SHORTER THAN ONE YEAR​.  Full Article

Granges to invest $110 million in U.S. capacity expansion
Friday, 15 Sep 2017 02:45am EDT 

Sept 15 (Reuters) - Granges Ab :Granges to invest $110 million in to expand its aluminium rolling operation in Huntingdon, Tennessee​.‍Says project is estimated to take about two years to complete and contribute positively to Granges operating profit in 2019​.‍When completed, capacity in Huntingdon will increase from about 160 ktonnes to nearly 200 ktonnes per year​.  Full Article

Granges Q2 operating profit soars to SEK 290 million
Thursday, 20 Jul 2017 01:34am EDT 

July 20 (Reuters) - GRANGES AB :Q2 SALES VOLUME 98.7 KTONNES VERSUS 46.5 KTONNES YEAR AGO.Q2 OPERATING PROFIT SEK 290 MILLION VERSUS SEK 154 MILLION YEAR AGO.  Full Article

Granges Q1 operating profit rises significantly to SEK 237 mln
Thursday, 27 Apr 2017 01:30am EDT 

April 27 (Reuters) - GRANGES AB :Q1 OPERATING PROFIT SEK 237 MILLION VERSUS SEK 155 MILLION YEAR AGO.Q1 MARKET FOR HEAT EXCHANGER MATERIALS TO AUTOMOTIVE INDUSTRY IS EXPECTED TO CONTINUE TO GROW IN 2017.Q1 GRÄNGES EXPECTS A BETTER GROWTH RATE THAN MARKET IN AMERICAS DURING Q2.Q1 NET SALES SEK 2.89 BILLION VERSUS SEK 1.36 BILLION YEAR AGO.Q1 SALES VOLUME 94.8 KTONNES VERSUS 45.1 KTONNES YEAR AGO.  Full Article

Granges Q4 operating profit rises to SEK 162 million
Thursday, 2 Feb 2017 01:30am EST 

Granges AB : Q4 sales volume 84.7 ktonnes versus 38.9 ktonnes year ago . Q4 net sales 2.55 billion Swedish crowns ($292 million)versus 1.25 billion crowns year ago . Q4 operating profit 162 million crowns versus 128 million crowns year ago . Proposes 2016 dividend of 2.40 crowns per share . Market for automotive heat exchanger material is expected to continue to grow in 2017 . Expects above market growth in Asia and Americas in Q1 . In Europe, sales of heat exchanger materials expected to grow in line with market, sales of non-heat exchanger materials forecasted to be lower .US sales volumes are expected to remain unchanged in Q1 compared to Q1 last year.  Full Article

Granges to report of lower tax rate in China in Q3
Wednesday, 28 Sep 2016 02:45am EDT 

Granges AB : Will report a positive tax effect of approximately 139 million Swedish crowns ($16 million)in Q3 of 2016 . Has been approved to pay 15 pct income tax in China instead of 25 pct over a three-year period . Positive tax effect will impact profit for period with same amount, but has no effect on cash flow .Will report positive tax effect as result of Gränges been classified as high technology enterprise in China for period 2013-2015.  Full Article

Granges: Approval of US acquisition postponed
Friday, 29 Jul 2016 01:00am EDT 

Granges AB : Approval of acquisition of Noranda Aluminum Holding Corporation's downstream aluminium rolling business in US is postponed . US Bankruptcy Court hearing has been adjourned to Aug. 4 and decision is expected in beginning of August at earliest .Closing is expected during Q3.  Full Article

BRIEF-Granges Q2 operating profit SEK 154 million
Thursday, 21 Jul 2016 03:49am EDT 

Corrects headline to remove reference to analysts expectations..Granges AB : Q2 sales volume 46.5 ktonnes versus 43.4 ktonnes year ago . Q2 net sales 1.44 billion Swedish crowns ($167.8 million) (Reuters poll 1.39 billion crowns) . Q2 operating profit 154 million crowns (Reuters poll 157 million crowns) . Sales volume increased by 7.0 pct driven by recovery in Asia and continued strong development in Europe and Americas . As for current business, expects growth rate to be better than market in H2 2016, however somewhat lower than in Q2 . Sees sales volume in Asia to grow in line with market during H2 and better growth than market in Europe .In Americas sees sales for current business within heat exchanger materials to continue to grow at significantly higher rate than market.  Full Article

BRIEF-Granges and Mitsubishi Aluminum to form JV in North America

* Granges and Mitsubishi Aluminum to form a joint venture in North America