Brief: Gränges Q2 Adjusted Operating Profit Increases To SEK 309 Million

Granges AB

16/07/2021 06:37

July 16 (Reuters) - Granges AB  GRANG.ST :
    * GRÄNGES’ HALF-YEAR REPORT 2021
    * Q2 SALES VOLUME INCREASED BY 85.7 PER CENT TO 131.4
KTONNES
(70.8) AND NET SALES TO SEK 4,609 MILLION (2,221).
    * Q2ADJUSTED OPERATING PROFIT INCREASED TO SEK 309 MILLION
(42)
    * HIGHER SALES VOLUME SUPPORTED BY CONTINUED GOOD
PRODUCTIVITY
WHICH MITIGATED INCREASED INFLATIONARY PRESSURE
    * SLOWDOWN IN SALES TO AUTOMOTIVE INDUSTRY TOWARDS END OF Q2
IS
EXPECTED TO CONTINUE INTO Q3
    * EXPECTS SALES VOLUME IN Q3 TO BE LOWER THAN IN Q2 BY A LOW
TO
MID-SINGLE DIGIT PERCENTAGE.
    * INCREASED COSTS FOR STRATEGIC PROJECTS WILL HAVE A
NEGATIVE
IMPACT ON PROFITABILITY WHEN COMPARING Q3 TO Q2

Source text for Eikon:  ID:nMFN38mkt5 
Further company coverage:  GRANG.ST 

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