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Granges AB (GRANG.ST)

GRANG.ST on Stockholm Stock Exchange

87.45SEK
16 Nov 2018
Change (% chg)

0.60kr (+0.69%)
Prev Close
86.85kr
Open
87.00kr
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89.30kr
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86.85kr
Volume
109,963
Avg. Vol
196,330
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127.90kr
52-wk Low
78.00kr

Latest Key Developments (Source: Significant Developments)

Gränges with Investment Of SEK 400 Million
Thursday, 25 Oct 2018 

Oct 25 (Reuters) - Granges AB ::GRÄNGES TO IMPROVE EFFICIENCY AND EXPAND CAPACITY IN FINSPÅNG - INVESTMENT OF SEK 400 MILLION.PROJECT IS EXPECTED TO BE COMPLETED IN SECOND HALF OF 2021.DECIDED TO INVEST SEK 400 MILLION TO IMPROVE EFFICIENCY AND EXPAND PRODUCTION FACILITY IN FINSPÅNG.PROJECT IS EXPECTED TO BE COMPLETED IN SECOND HALF OF 2021.PROJECT WILL INCREASE CAPACITY IN PLANT BY 20 KTONNES, TO 120 KTONNES ANNUALLY..FROM 2022, POSITIVE EFFECTS ARE EXPECTED OF INVESTMENT IN TERMS OF BOTH EFFICIENCY MEASURES AND INCREASED SALES.PROJECT WILL INCREASE CAPACITY IN PLANT BY 20 KTONNES, TO 120 KTONNES ANNUALLY..FROM 2022, POSITIVE EFFECTS ARE EXPECTED OF INVESTMENT IN TERMS OF BOTH EFFICIENCY MEASURES AND INCREASED SALES.  Full Article

Granges Q3 Net Sales Rise To SEK 3.32 Billion
Thursday, 25 Oct 2018 

Oct 25 (Reuters) - Granges AB ::Q3 NET SALES SEK 3.32 BILLION VERSUS SEK 2.73 BILLION YEAR AGO.Q3 OPERATING PROFIT SEK 230 MILLION VERSUS SEK 227 MILLION YEAR AGO.  Full Article

Granges Establishes An MTN Program With A Framework Amount Of SEK 3 Bln
Thursday, 30 Aug 2018 

Aug 30 (Reuters) - Granges AB ::GRÄNGES AB ESTABLISHES AN MTN PROGRAM.MTN PROGRAM IS EXPECTED TO HAVE A NEUTRAL EFFECT ON GRÄNGES FINANCIAL COSTS IN CURRENT YEAR.PLANS TO ISSUE BONDS AND HAS ESTABLISHED AN MTN PROGRAM WITH A FRAMEWORK AMOUNT OF SEK 3 BILLION.  Full Article

Gränges Halts Plans For A Joint Venture In North America
Friday, 17 Aug 2018 

Aug 17 (Reuters) - Granges AB ::GRÄNGES HALTS PLANS FOR A JOINT VENTURE IN NORTH AMERICA.PROJECT ISN'T SUFFICIENTLY ATTRACTIVE FOR GRÄNGES FROM A RISK-REWARD PERSPECTIVE GIVEN CURRENT CIRCUMSTANCES.REMAINS STRONGLY COMMITTED TO NORTH AMERICAN MARKET AND OUR CURRENT EXPANSION PLANS REMAIN ON SCHEDULE.ARE ALSO EXPLORING BUSINESS OPPORTUNITIES FOR ADVANCED ALUMINIUM MATERIALS FOR BRAZED AUTOMOTIVE HEAT EXCHANGERS IN NORTH AMERICA.  Full Article

Granges Q2 Net Sales Rises To SEK 3,443 Million
Thursday, 19 Jul 2018 

July 19 (Reuters) - Granges AB ::Q2 SALES VOLUME INCREASED BY 0.5 PER CENT TO 99.1 KTONNES (98.7).Q2 NET SALES ROSE TO SEK 3,443 MILLION (3,081)..Q2 ADJUSTED OPERATING PROFIT INCREASED BY 3.9 PER CENT TO SEK 301 MILLION (290).GLOBAL AUTOMOTIVE MARKET IS EXPECTED TO CONTINUE TO GROW IN 2018.Q2 PROFIT FOR PERIOD INCREASED TO SEK 214 MILLION (192).EXPECTS A STABLE SALES VOLUME OF AUTOMOTIVE HEAT EXCHANGER MATERIALS IN ALL OUR REGIONS IN Q3.."AS WE LOOK FURTHER AHEAD INTO 2018, WE WILL CONTINUE TO WORK ACTIVELY WITH INNOVATION AND SUSTAINABLE CUSTOMER OFFERINGS".GRÄNGES EXPECTS A STABLE SALES VOLUME OF AUTOMOTIVE HEAT EXCHANGER MATERIALS IN ALL OUR REGIONS IN Q3."WE ARE CURRENTLY WORKING ACTIVELY TO ESTABLISH NEW CAPACITY IN US"."WE ARE ALSO REVIEWING CAPACITY NEEDS IN ASIA AND EUROPE".  Full Article

myFC Initiates Project With Gränges
Tuesday, 19 Dec 2017 

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 

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

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".