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Granges AB (GRANG.ST)

GRANG.ST on Stockholm Stock Exchange

110.20SEK
2:53pm IST
Change (% chg)

2.40kr (+2.23%)
Prev Close
107.80kr
Open
108.80kr
Day's High
111.00kr
Day's Low
108.80kr
Volume
30,792
Avg. Vol
264,023
52-wk High
127.90kr
52-wk Low
77.00kr

Latest Key Developments (Source: Significant Developments)

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

Granges to report of lower tax rate in China in Q3
Wednesday, 28 Sep 2016 

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