Brief: Granges Q1 Adjusted Operating Profit Up At SEK 342 Mln

Granges AB

22/04/2021 06:39

April 22 (Reuters) - Granges AB  GRANG.ST :
    * Q1 SALES VOLUME INCREASED BY 41.0 PER CENT TO 126.7
KTONNES
(89.9) AND NET SALES TO SEK 4,043 MILLION (3,063)
    * Q1 ADJUSTED OPERATING PROFIT INCREASED TO SEK 342 MILLION
(210)
    * Q1 PROFIT FOR PERIOD INCREASED TO SEK 239 MILLION (133)
    * Q1 CASH FLOW BEFORE FINANCING ACTIVITIES ADJUSTED FOR
EXPANSION
INVESTMENTS AND ACQUISITIONS WAS SEK -55 MILLION (329)
    * NET DEBT INCREASED TO SEK 3,690 MILLION AT 31 MARCH 2021
    * FOR Q2 2021, GRÄNGES CURRENTLY EXPECTS A SIMILAR SALES
VOLUME AS
IN Q1
    * DEVELOPMENT OF FOREIGN EXCHANGE RATES IS EXPECTED TO HAVE
A
NEGATIVE NET IMPACT ON PROFITABILITY WHEN COMPARING Q2 TO Q1

Source text for Eikon:  ID:nWkrT2tcy 
Further company coverage:  GRANG.ST 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))