Brief: Gränges Updates On Q3 Expectations

Granges AB

08/10/2020 09:34

Oct 8 (Reuters) - Granges AB  GRANG.ST :
    * GRÄNGES' THIRD QUARTER SALES VOLUME AND OPERATING PROFIT
ARE
EXPECTED TO BE ABOVE MARKET EXPECTATIONS
    * SALES VOLUME FOR Q3 IS EXPECTED TO BE 86.7 KTONNES (85.8)
    * OPERATING PROFIT IN Q3 HAS BEEN POSITIVELY IMPACTED BY A
STRONGER MARKET DEMAND AND INCREASED EFFECTS FROM COST REDUCTION
INITIATIVES
    * WILL NOT MAKE ANY FURTHER COMMENTS ON FINANCIAL
DEVELOPMENT
UNTIL REPORT FOR Q3 HAS BEEN PUBLISHED.
    * Q3 ADJUSTED OPERATING PROFIT IS EXPECTED TO AMOUNT TO
ABOUT SEK
200 MILLION (190)

Source text for Eikon:  ID:nWkr1CkR7G 
Further company coverage:  GRANG.ST 

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