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Granges AB (GRANG.ST)

GRANG.ST on Stockholm Stock Exchange

96.00SEK
17 Oct 2018
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Latest Key Developments (Source: Significant Developments)

Gränges Issues Bonds Under MTN Program
Friday, 14 Sep 2018 02:30am EDT 

Sept 14 (Reuters) - Granges AB ::GRÄNGES ISSUES BONDS UNDER MTN PROGRAM.HAS COMPLETED FIRST ISSUE UNDER MTN PROGRAM THAT WAS ESTABLISHED ON 30 AUGUST 2018..ISSUE IS EXPECTED TO HAVE A NEUTRAL IMPACT ON GRÄNGES' FINANCIAL EXPENSES DURING CURRENT YEAR..ISSUE WAS DIVIDED INTO 2 TRANCHES OF SEK 300 MILLION EACH.  Full Article

Gränges To Restart Production In Newport, Arkansas
Thursday, 3 May 2018 09:00am EDT 

May 3 (Reuters) - GRANGES AB ::GRÄNGES TO RESTART PRODUCTION IN NEWPORT, ARKANSAS - INVESTMENT OF USD 26 MILLION." WE EXPECT INVESTMENT TO MAKE A POSITIVE CONTRIBUTION TO EARNINGS IN 2019 AND BEYOND".  Full Article

Granges Q1 Adjusted Operating Profit Rises To SEK 282 Mln
Thursday, 26 Apr 2018 01:30am EDT 

April 26 (Reuters) - Granges AB ::Q1 NET SALES WAS SEK 3,071 MILLION (2,892)..Q1 ADJUSTED OPERATING PROFIT INCREASED BY 18.7 PER CENT TO SEK 282 MILLION (237).Q1 PROFIT FOR PERIOD INCREASED TO SEK 167 MILLION (157).  Full Article

Granges sees ‍good start of year, strong demand in all markets​
Wednesday, 21 Mar 2018 03:00am EDT 

March 21 (Reuters) - Granges ::SAYS ‍GOOD START OF YEAR WITH STRONG CUSTOMER DEMAND IN ALL MARKETS​.SAYS ‍IN US, HOWEVER, WE ARE LIMITED BY FACT THAT WE DO NOT HAVE ENOUGH CAPACITY TO MEET DEMAND OF OUR CUSTOMERS​.SAYS ‍ONGOING EXPANSION OF PLANT IN HUNTINGDON IS PROCEEDING ACCORDING TO PLAN​.SAYS ‍RECENT TARIFFS ON IMPORTS OF ALUMINIUM PRODUCTS TO UNITED STATES HAVE A NEGATIVE IMPACT ON HEAT EXCHANGER PRODUCTS THAT GRÄNGES TODAY IMPORTS INTO UNITED STATES​.SAYS ‍AT SAME TIME, DEMAND FOR DOMESTICALLY PRODUCED HEAT EXCHANGER AND FOIL PRODUCTS IN UNITED STATES IS INCREASING​.SAYS ‍CURRENTLY INVESTIGATING CONDITIONS FOR RESUMING PRODUCTION AT OUR FACILITY IN NEWPORT, ARKANSAS, TO MANUFACTURE LIGHT GAUGE ALUMINIUM FOIL FOR DIFFERENT TYPES OF CONSUMER APPLICATIONS.SAYS THE AMBITION IS TO CONTINUE TO GROW AT A HIGHER RATE THAN THE MARKET WHILE MAINTAINING GOOD AND SUSTAINABLE PROFITABILITY​.  Full Article

Granges Q4 Adjusted Operating Profit Up At SEK 179 Million
Thursday, 1 Feb 2018 01:30am EST 

Feb 1 (Reuters) - GRANGES AB ::Q4 NET SALES WERE SEK 2,734 MILLION (2,546).Q4 ADJUSTED OPERATING PROFIT INCREASED BY 4.8 PER CENT TO SEK 179 MILLION (171).Q4 PROFIT FOR PERIOD INCREASED TO SEK 152 MILLION (101).BOARD OF DIRECTORS PROPOSES A DIVIDEND OF SEK 3.00 (2.40) PER SHARE.AUTOMOTIVE HEAT EXCHANGER MARKET IS EXPECTED TO CONTINUE TO GROW IN 2018..  Full Article

myFC Initiates Project With Gränges
Tuesday, 19 Dec 2017 03:00am EST 

Dec 19 (Reuters) - MYFC HOLDING AB (PUBL) ::MYFC INITIATES DEVELOPMENT PROJECT TO HALVE WEIGHT OF LAMINA RANGE EXTENDER FOR ELECTRIC VEHICLES.MYFC HOLDING AB (PUBL) - ‍AIMING TO SHOW PROTOTYPE IN 2018, CO INITIATED PROJECT TOGETHER WITH GRÄNGES <<>> TO ACCELERATE DEVELOPMENT​.  Full Article

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

Sweden's Granges halts plans for U.S. aluminum joint venture

STOCKHOLM Sweden's Granges put on ice on Friday plans to form an aluminum manufacturing joint venture in the United States with Japan's Mitsubishi Aluminum Co , saying that the project was less attractive in "current circumstances".