Granges AB
GRNG
ISIN SE0006288015 / Valor 25585939
Granges AB
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About company
Gränges AB is a global leader in the development, production, and supply of advanced aluminum products, focusing on enhancing sustainability and operational efficiency across its operations. The company specializes in aluminum rolling and recycling, catering to a diverse range of industries including transportation, where its solutions are pivotal for climate control systems in vehicles and buildings, as well as in electrification and battery components. Gränges also plays a significant role in the production of recyclable packaging materials. A notable aspect of its business expansion includes the project initiated in September 2017 to extend its aluminum rolling operations in Huntingdon, Tennessee, aimed at meeting the increasing demand for HVAC and automotive heat exchanger materials, alongside aluminum foil and packaging materials. Furthermore, Gränges has ventured into additive manufacturing, launching high-performance aluminum alloys under the DISPAL® brand, which are distinguished by their wear resistance and tribological properties. The company's strategic partnership with Carrier through the Carrier Alliance Program underscores its commitment to supplying aluminum foil products for HVAC and refrigeration systems, highlighting its strategic approach to long-term agreements and collaborations. Gränges' dedication to a sustainable and efficient supply chain is evident in its adherence to rigorous sourcing guidelines and its alignment with the Science Based Targets initiative (SBTi) for achieving its climate goals, emphasizing its commitment to environmental stewardship without compromising its competitive edge in the aluminum industry.
Summarized from source with an LLMView SourceSector: IndustrialsLatest Results (07.08.2024):
Fourth Quarter 2023 Sales Volume
Granges AB reported a decrease in sales volume by 2.4 percent to 107.7 ktonnes in the fourth quarter of 2023, compared to 110.3 ktonnes in the same period of the previous year. Net sales also decreased to SEK 4,967 million from SEK 5,366 million.
Fourth Quarter 2023 Profit
In the fourth quarter of 2023, Granges AB's adjusted operating profit increased to SEK 245 million from SEK 153 million in the same quarter of 2022. The profit for the period rose to SEK 108 million, up from SEK 51 million, and diluted earnings per share increased to SEK 1.01 from SEK 0.48.
Full Year 2023 Sales Volume
For the full year of 2023, Granges AB's sales volume decreased by 3.4 percent to 463.2 ktonnes, down from 479.3 ktonnes in 2022. Net sales for the year also saw a decline, reaching SEK 22,518 million compared to SEK 24,492 million in the previous year.
Full Year 2023 Profit
Granges AB's adjusted operating profit for the full year of 2023 increased to SEK 1,536 million from SEK 1,150 million in 2022. The profit for the period rose to SEK 1,010 million, up from SEK 700 million, and diluted earnings per share increased to SEK 9.48 from SEK 6.58.
Dividend Proposal
The Board of Directors of Granges AB has proposed a dividend of SEK 3.00 per share for the year 2023, up from SEK 2.50 per share in 2022. This proposed dividend corresponds to 32 percent of the profit for the year, compared to 38 percent in the previous year.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
1246 M
Market cap (USD)
84,648
Daily traded volume (Shares)
131.1 / 127
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
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P/E ratio
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EPS (USD)
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Ratings & reviews
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