Brief: Granges Q4 Adjusted Operating Profit Raises TO SEK 153 Mln

Granges AB

26/01/2023 06:33

Jan 26 (Reuters) - Granges AB  GRANG.ST :
    * GRÄNGES’ YEAR-END REPORT JANUARY–DECEMBER 2022
    * Q4 SALES VOLUME DECREASED BY 1.8 PER CENT TO 110.3 KTONNES
(112.3) AND NET SALES INCREASED TO SEK 5,366 MILLION (4,857).
    * Q4 ADJUSTED OPERATING PROFIT INCREASED TO SEK 153 MILLION
(139)
AND ADJUSTED OPERATING PROFIT PER TONNE AMOUNTED TO 1.4 KSEK
(1.2).
    * Q4 OPERATING PROFIT AMOUNTED TO SEK 153 MILLION (-21) AND
INCLUDES NO ITEMS AFFECTING COMPARABILITY (-159).
    * BOARD OF DIRECTORS PROPOSES A DIVIDEND OF SEK 2.50 (2.25)
PER
SHARE, CORRESPONDING TO 38 PER CENT (40) OF PROFIT FOR YEAR.
    * Q4 SAW CONTINUED STRONG DEMAND IN NORTH AMERICA.
    * IN TOTAL, GLOBAL DEMAND WAS ABOUT SAME AS IN Q4 OF 2021.
    * OUR GLOBAL SALES VOLUME DECREASED SLIGHTLY IN Q4
    * DEMAND AND MIX VOLATILITY IN 2022 PUT PRESSURE ON OUR
OPERATIONS
    * SEQUENTIAL RECOVERY EXPECTED IN Q1 OF 2023
    * WE EXPECT SALES VOLUME IN Q1 OF 2023 TO IMPROVE AROUND 10
PER
CENT RELATIVE TO Q4 OF 2022

Source text for Eikon:  ID:nMFN6krKZc 
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