Brief: Granges Sees Good Momentum With Automotive Customers But Softer Demand In Other Markets In Q2

Granges AB

27/04/2023 06:44

April 27 (Reuters) - Granges AB  GRANG.ST :
    * OPERATING PROFIT ON RECORD LEVEL ON BACK OF SALES VOLUME RECOVERY
    * BY FULLY COMPENSATING FOR YEAR-ON-YEAR COST INCREASES WITH PRODUCTIVITY AND PRICE, WE
REACHED AN
ADJUSTED OPERATING PROFIT OF SEK 401 MILLION
    * IN Q2, WE EXPECT CONTINUED GOOD MOMENTUM WITH AUTOMOTIVE CUSTOMERS BUT SOFTER DEMAND IN
OTHER
MARKETS
    * WE ALSO INTEND TO FLEXIBLY MEET DEMAND VARIATION WITH NEW BUSINESS GROWTH
    * WE CURRENTLY EXPECT SALES VOLUME TO REMAIN STABLE AT OR SLIGHTLY BELOW STRONG Q2 OF 2022
    * WE AIM TO CONTINUE TO OFFSET YEAR-ON-YEAR COST INCREASES WITH PRODUCTIVITY IMPROVEMENT AND
PRICE
INCREASES
    * WE EXPECT A POSITIVE IMPACT ON COST AND EFFICIENCY OF NEW RECYCLING AND CASTING CENTRE IN
HUNTINGDON

Source text for Eikon:  ID:nMFN2DTXqq 
Further company coverage:  GRANG.ST 

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