Brief: Granges Q2 Adj. Oper Profit Down At SEK 42 Mln

Granges AB

16/07/2020 06:36

July 16 (Reuters) - Granges AB  GRANG.ST :
    * Q2 NET SALES DECREASED TO SEK 2,221 MILLION (3,188)
    * Q2 ADJUSTED OPERATING PROFIT WAS SEK 42 MILLION (257) AND
ADJUSTED OPERATING PROFIT PER TONNE WAS 0.6 KSEK (2.8)
    * Q2 SALES VOLUME DECREASED BY 23.8 PER CENT TO 70.8 KTONNES
(92.9)
    * CURRENTLY EXPECTS LOWER YEAR OVER YEAR DECLINE AND THAT
SALES
VOLUME IN Q3 WILL BE FAIRLY SIMILAR TO SALES VOLUME IN Q2
    * SEES INCREASING EFFECTS OF COST REDUCTION MEASURES TO HAVE
A
POSITIVE IMPACT ON PROFITABILITY IN Q3

Source text for Eikon:  ID:nWkr2Y6GbH 
Further company coverage:  GRANG.ST 

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