09 OCTOBER 2020AlCircle.com
Gränges expects sales volume and operating profit to exceed market expectations in third quarter
Edited by : Heena Iqbal
1 min read
Gränges, a supplier of advanced aluminium products and solutions, expects sales volume and adjusted operating profit for the third quarter 2020 to exceed the current market expectations.
The company’s sales volume for the third quarter is likely to be 86.7 ktonnes (85.8). The adjusted operating profit is expected to grow to about SEK 200 million, from 190 million a year.
“The operating profit in the third quarter has been positively impacted by a stronger market demand and increased effects from cost reduction initiatives,” the company said.
Gränges’ interim report for the period January–September 2020 will be published on Thursday, 22 October 2020
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