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GRNG — Granges AB News Story

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Brief: Gränges Q2 Adj. EBIT At SEK 580 Million, Above IBES Estimate

BRIEF-Gränges Q2 Adj. EBIT At SEK 580 Million, Above IBES Estimate

- Granges AB GRANG.ST:

  • Q2 EPS SEK 3.73

  • Q2 ADJUSTED EBIT SEK 580 MILLION VS. IBES ESTIMATE SEK 507.3 MILLION

  • Q2 NET INCOME SEK 405 MILLION

  • Q2 SALES VOLUME INCREASED BY 5 PERCENT TO 167.1 KTONNES (159.1)

  • MARKET DEMAND REMAINS DIFFICULT TO PREDICT, BUT WE SAW A RECORD Q2 AND HAVE GOOD MOMENTUM GOING INTO THIRD

  • IN ASIA, WE EXPECT CONTINUED PRICE PRESSURE AND A YEAR-ON-YEAR SALES REDUCTION OF APPROXIMATELY 10 KTONNES IN Q3

Source text: ID:nMFN9mkyDz

Further company coverage: GRANG.ST


(Gdansk Newsroom)

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