Granges jumps after stronger-than-expected Q1 results
21/04/2022 09:16
** Shares in Granges GRANG.ST rise over 9% on a "stronger
than expected" Q1
** The Swedish aluminium company's Q1 adj oper profit was
SEK 357 million ($38 million), which according to Kepler
Cheuvreux was well above consensus of SEK 266 million
** "Overall, the report was better than we expected,
although cash flow and net debt are affected by the increased
working capital," Kepler adds
** Thursday's gains added over SEK 773.5 million to Granges
market cap
($1 = 9.3884 Swedish crowns)
(Reporting by Marie Mannes)
((Marie.mannes@thomsonreuters.com))