Granges AB

Granges AB

167.30
SEK
-7.65
(-4.37%)
11.93EPS
14.71P/E
18.23BMarket Cap
Jan 28Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
55.14
56.4
65.26
85.54
134.51
151.57
140.62
127.52
170.54
230.39
211.83
221.1
266.73
301.82
Basic EPS, GAAP
3.67
3.79
4.5
5.91
7.67
8.08
7.04
4.21
5.6
6.58
9.5
9.53
9.55
11.64
Free Cash Flow per Basic Share
5.65
6.94
7.02
6.3
7.18
5.96
-1.75
9.93
1.43
1.03
19.42
-7.86
5.35
-2.79
Dividend per Share
- -
18.1
1.33
1.77
2.12
2.67
2.84
- -
1.1
2.25
2.5
3
3.2
4.88
Book Value per Share
36.8
25.38
29.7
34.71
39.01
45.47
50.65
56.14
65.19
77.17
82.85
96.34
91.21
100
Tangible Book Value per Share
36.64
25.25
29.59
27.82
31.5
36.54
40.39
41.93
51.95
63.07
68.99
82.1
78.71
87.39
Basic Weighted Avg Shares
84
84
84
84
85
85
85
86
106
106
106
106
106
106
Sales/Revenue/Turnover
4,642
4,748
5,494
7,208
11,435
12,910
11,978
11,008
18,130
24,492
22,519
23,505
28,362
32,114
Operating Margin (%)
7.99
9.73
9.85
9.53
8.17
7.27
7.22
5.62
5.71
5.13
7.03
6.68
5.7
5.75
Depreciation Expense
194
201
217
265
370
353
461
553
678
914
806
857
851
845
Net Income, GAAP
309
319
379
498
652
688
600
363
595
700
1,010
1,013
1,015
1,238
Effective Tax Rate (%)
26.08
24.29
27.45
0.4
18.19
18.96
12.54
20.04
19.78
20.81
19.98
19.18
19.67
18.89
Profit Margin (%)
6.66
6.72
6.9
6.91
5.7
5.33
5.01
3.3
3.28
2.86
4.49
4.31
3.58
3.86
Working Capital
1,739
1,378
1,687
2,079
2,051
1,907
1,703
1,406
1,905
2,739
2,397
1,950
2,537
3,870
LT Debt
265
892
804
2,888
2,215
2,112
2,863
2,351
2,414
2,863
2,378
1,818
1,874
2,463
Total Equity
3,098
2,137
2,500
2,942
3,323
3,873
4,314
5,970
6,932
8,206
8,810
10,839
10,255
11,275
Return on Invested Capital (%)
9.23
8.65
11.12
11.39
11.99
11.89
9.91
5.01
6.22
7.42
9.86
8.62
8.26
8.92
Return on Capital (%)
9.5
9.64
11.65
11.45
11.86
12.4
9.89
4.8
6.16
7.42
9.95
8.63
7.61
7.24
Return on Common Equity (%)
11.65
12.19
16.35
18.3
20.81
19.12
14.66
7.06
9.23
9.25
11.87
10.64
10.17
12.06

Capital Structure

SEK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
2,991
3,578
3,833
LT Borrowings
1,667
1,660
2,273
LT Finance Leases
207
198
190
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
106
106
107
Market Capitalization
15,501
15,745
18,232

Working Capital

SEK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
10,142
12,252
13,687
Cash, Cash Equivalents & STI
547
586
890
Accounts Receivable, Net
3,304
5,322
6,165
Inventories
5,392
6,344
6,632
Total Current Liabilities
7,605
9,371
9,817
Payables & Accruals
- -
- -
- -
ST Debt
2,991
3,578
3,833
Deferred Revenue
- -
- -
- -

Growth Rates

SEK

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
15.65%
11.9%
-5.39%
Free Cash Flow
55.8%
274.89%
-168.06%
Net Income, GAAP
14.19%
25.27%
0.2%
Sales/Revenue/Turnover
20.42%
23.35%
20.66%
Total Cash Common Dividend
- -
- -
6.58%

Quarterly Revenue

SEK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
5,428
6,145
5,750
6,184
23,505
2025
7,233
6,974
- -
7,222
28,362
2026
8,237
9,681
- -
- -
- -

Quarterly Earnings Per Share

SEK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2.23
2.95
2.68
1.67
9.53
2025
2.34
2.62
- -
2.31
9.55
2026
2.97
3.74
- -
- -
- -

Quarterly Dividends Per Share

SEK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
1.5
- -
1.5
3
2025
- -
1.6
- -
1.6
3.2
2026
- -
1.68
- -
- -
- -

Company Description

CEO
Jörgen Fritz Rosengren
Full Time Employees
3,533
Sector
Non-energy minerals
Industry
Aluminum
Address
LinnEgatan 18 Stockholm AB Sweden 114 47
IPO Date
Oct 10, 2014
Business
Gränges AB (publ) is a global leader in aluminium rolling and recycling, specializing in advanced rolled aluminium products for heat exchanger applications, automotive structurals, specialty packaging, battery components, HVAC systems, and other niche markets including aluminium powders for additive manufacturing; core offerings encompass brazed heat exchanger materials such as the patented TRILLIUM flux-less brazing sheet and Gränges Endure sustainable solutions, battery foil and casings, high-performance Dispal alloys like S220 AM and S260 AM for low CTE and wear resistance, converter foil, and recyclable packaging solutions that enhance energy efficiency in vehicles, buildings, electrification, and climate control. Founded in 1896 and headquartered in Stockholm, Sweden, the company operates production facilities and sales across the Americas, Asia, and Europe, with key sites in the United States (Huntingdon, Newport, Salisbury), China (Shanghai, Shandong), Poland (Konin), and Sweden (Finspång), supported by approximately 3,500 employees and an annual production capacity of 800 ktonnes. Gränges serves OEMs in transportation, building, and packaging sectors with customer-driven technical support, R&D, and sustainable aluminium solutions aligned to net-zero goals by 2040, including science-based targets validated by SBTi, Platinum EcoVadis rating, and AA MSCI ESG rating. Recent developments include the October 2024 completion of acquiring a casting and hot-rolling facility in China's Shandong province from Shandong Innovation Group to expand low-carbon aluminium supply and electrification capabilities like battery cooling plates, with the asset contributing to sales volumes from Q4 2024 and marginal EPS accretion in 2025; a November 2025 appointment of Anna Hedenberg as Investor Relations Director; strategic sustainability partnerships for recycled materials and renewable energy contracts; and strong Q1 2025 performance with 24% year-on-year sales volume growth to 151.6 ktonnes driven by market share gains in Asia, HVAC, and packaging amid automotive softness, alongside ongoing investments in Finspång efficiency and US recycling capacity.