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GRNG — Granges AB News Story

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Sweden's Granges beats Q4 EBIT estimates, warns on growth prospects

Overview

Sweden aluminium recycler's Q4 sales volume rose 17%

Adjusted EBIT for Q4 beat analyst expectations

Profit for the period rose to SEK 251 mln

Outlook

Granges expects sales volume to grow at a low-to-mid single-digit rate

Company anticipates aluminum price increase to weigh on operating cash flow

Granges aims for lower capital expenditure and optimizing mix, price, and productivity, but do not expect to compensate for currency hits

Result Drivers

SALES VOLUME GROWTH - Co reported a 17% increase in Q4 sales volume, driven by market share gains and new business across regions

MARKET SHARE GAINS - Granges Americas and Asia achieved market share gains, offsetting weak demand in some sectors

SUSTAINABILITY IMPROVEMENTS - Co achieved best-ever sustainability performance with lower carbon emissions and higher recycling volumes

Key Details

MetricBeat/MissActualConsensus Estimate
Q4 EPSSEK 2.31
Q4 Net IncomeSEK 251 mln
Q4 Adjusted EBITBeatSEK 373 mlnSEK 324.08 mln (4 Analysts)
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell" The average consensus recommendation for the aluminum peer group is "buy" Wall Street's median 12-month price target for Granges AB is SEK170.00, about 11.3% above its January 28 closing price of SEK152.70 The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 10 three months ago Press Release: ID:nMFN6x1Szj For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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