29 APRIL 2016Gränges Press Release
Gränges posts volume growth and stable profit in Q1
Edited by : AL CIRCLE
1 min read
Gränges announced interim report for January-March 2016. Sales volume reached 45.1 ktonnes (42.7), an increase of 5.7 per cent compared to previous year.
Net sales of the rolled aluminium products supplier for brazed aluminium heat exchangers totalled SEK 1,360 million (1,456), a decrease of 6.6 per cent compared to previous year.
Adjusted operating profit amounted to SEK 155 million (155), corresponding to an adjusted operating margin of 11.4 per cent (10.6).
Gränges' Operating profit amounted to SEK 155 million (155). Profit for the period was SEK 94 million (111), and earnings per share basic and diluted decreased to SEK 1.25 (1.49).
Cash flow during January- March 2016, before financing activities, was SEK -22 million (-1). Net debt amounted to SEK 316 million at 31 March 2016, corresponding to 0.4 times adjusted EBITDA.
Gränges develops, produces and markets advanced aluminium rolled products that enhance efficiency in the customer manufacturing process and the performance of the final products; brazed heat exchangers.
Net sales of the rolled aluminium products supplier for brazed aluminium heat exchangers totalled SEK 1,360 million (1,456), a decrease of 6.6 per cent compared to previous year.
Adjusted operating profit amounted to SEK 155 million (155), corresponding to an adjusted operating margin of 11.4 per cent (10.6).
Gränges' Operating profit amounted to SEK 155 million (155). Profit for the period was SEK 94 million (111), and earnings per share basic and diluted decreased to SEK 1.25 (1.49).
Cash flow during January- March 2016, before financing activities, was SEK -22 million (-1). Net debt amounted to SEK 316 million at 31 March 2016, corresponding to 0.4 times adjusted EBITDA.
Gränges develops, produces and markets advanced aluminium rolled products that enhance efficiency in the customer manufacturing process and the performance of the final products; brazed heat exchangers.
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