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GRNG — Granges AB News Story

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Brief: Gränges Q4 Adjusted EBIT Sek 373 Million, Above IBES Estimate

Jan 29 (Reuters) - Granges AB GRANG.ST:

Q4 ADJUSTED EBIT SEK 373 MILLION VERSUS IBES ESTIMATE SEK 324.1 MILLION

Q4 NET INCOME SEK 251 MILLION

Q4 EPS SEK 2.31

Q4 SALES VOLUME INCREASED BY 17 PERCENT TO 152.4 KTONNES (130.3)

PROPOSES A DIVIDEND OF SEK 3.40 (3.20) PER SHARE

EXPECTS SALES VOLUME TO GROW AT LOW-TO-MID SINGLE-DIGIT RATE COMPARED TO LAST YEAR

AIMS TO OFFSET ANY UNFAVORABLE NEGATIVE EXTERNAL FACTORS WITH PRICING ACTIONS

CONTINUED INCREASE OF ALUMINIUM PRICE INTO BEGINNING OF Q1 IS EXPECTED TO WEIGH ON OPERATING CASH FLOW

DOES NOT EXPECT TO COMPENSATE FOR NEGATIVE CURRENCY EFFECTS

Source text: ID:nMFN6x1Szj

Further company coverage: GRANG.ST

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))

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