Brief: Granges Q1 Adjusted Operating Profit Falls To SEK 275 Mln

Granges AB

26/04/2019 06:41

April 26 (Reuters) - Granges AB  GRANG.ST :
    * Q1 NET SALES SEK 3.11 BILLION VERSUS SEK 3.07 BILLION YEAR
AGO
    * Q1 ADJUSTED OPERATING PROFIT SEK 275 MILLION VERSUS SEK
282
MILLION YEAR AGO
    * GLOBAL AUTOMOTIVE MARKET IS EXPECTED TO CONTINUE TO SLOW
DOWN IN
Q2 OF 2019
    * OUTLOOK: FOR Q2 GRÄNGES EXPECTS A DECLINE IN SALES VOLUME
BY
MID-SINGLE DIGITS
    * EXPANSION OF FACILITY IN HUNTINGDON IS EXPECTED TO BE
FINALIZED
IN MID-2019
    * CAPACITY AT FACILITY IN NEWPORT WILL GRADUALLY BE RESUMED
DURING
SECOND HALF OF YEAR
    * WE ARE DETERMINED TO CONTINUE TO GROW WITH SUSTAINABLE
PROFITABILITY IN COMING YEARS

Source text for Eikon:  ID:nWkr9pBMtV 
Further company coverage:  GRANG.ST 

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