Brief: Granges Q3 Adjusted Operating Profit Rises To SEK 219 Mln

Granges AB

21/10/2021 06:40

Oct 21 (Reuters) - Granges AB  GRANG.ST :
    * GRÄNGES’ INTERIM REPORT JANUARY–SEPTEMBER 2021
    * Q3 SALES VOLUME INCREASED BY 36.7 PER CENT TO 118.5
KTONNES
(86.7) AND NET SALES TO SEK 4,621 MILLION (2,575)
    * Q3 ADJUSTED OPERATING PROFIT INCREASED TO SEK 219 MILLION
(203)
    * Q3 ADJUSTED OPERATING PROFIT PER TONNE WAS 1.8 KSEK (2.3)
    * OUTLOOK FOR Q4 IS CHALLENGING
    * EXPECT CONTINUED GOOD DEMAND IN MANY END-CUSTOMER MARKETS
IN Q4
    * ON OTHER HAND, WE EXPECT THAT DEMAND FROM AUTOMOTIVE
INDUSTRY
WILL CONTINUE TO BE VERY LOW THROUGHOUT Q4
    * EXPECT TOTAL SALES VOLUME IN Q4 TO BE AROUND 10 PER CENT
LOWER
THAN IN Q3
    * PLANNING FOR MORE EXTENSIVE YEAR-END MAINTENANCE IN
GRÄNGES
AMERICAS COMPARED TO 2020
    * EXPECT COST PRESSURE TO CONTINUE TO INCREASE THROUGHOUT
QUARTER.
    * ALTHOUGH SOME CUSTOMER PRICE INCREASES WILL START TO TAKE
EFFECT
BEFORE END OF YEAR, WE DO NOT EXPECT THEM TO MITIGATE SPIKE IN
INPUT COSTS DURING Q4

Source text for Eikon:  ID:nMFN2kPY1P 
Further company coverage:  GRANG.ST 

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