OverviewSuggest Edit

Gränges is a global aluminum company. It specializes in rolled aluminum products for the manufacture of brazed heat products. The company directs its offer to original equipment manufacturers (OEM), supporting them in product development. Its key competencies include brazing and processing, mechanical properties, corrosion, lubrication, chemistry, and surfaces.

TypePublic
Founded1896
HQStockholm, SE
Websitegranges.com
Overall CultureA+

Latest Updates

Employees (est.) (Jun 2020)1,620(-11%)
Revenue (FY, 2018)KR12.9 B(+13%)
Share Price (Jul 2021)KR113
Cybersecurity ratingBMore

Key People/Management at Graenges

Johan Menckel

Johan Menckel

CEO
Magnus Carlstrom

Magnus Carlstrom

SVP, Human Resources
Lucy Wang

Lucy Wang

Deputy Managing Director – Marketing and Sales
Fredrik Arp

Fredrik Arp

Chairman
Johan Dufvenmark

Johan Dufvenmark

VP Group Treasury & Investor Relations
Oskar Hellstrom

Oskar Hellstrom

CFO & Deputy CEO
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Graenges Office Locations

Graenges has offices in Stockholm, Finspång, Franklin, Shanghai and in 3 other locations
Stockholm, SE (HQ)
Linnégatan 18
Finspång, SE
S-612 81
Shanghai, CN
1111 Jiatang Hwy, Jiading Qu
Saint-Avold, FR
Espace Europort
Konin, PL
Hutnicza 1
Warszawa, PL
Bolesława Prusa 2
Show all (8)

Graenges Financials and Metrics

Graenges Revenue

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View revenue for all periods
Graenges's revenue was reported to be kr12.91 b in FY, 2018 which is a 12.9% increase from the previous period.
SEK

Revenue (Q3, 2019)

3.0b

Gross profit (Q3, 2019)

1.1b

Gross profit margin (Q3, 2019), %

36%

Net income (Q3, 2019)

198.0m

EBIT (Q3, 2019)

190.0m

Market capitalization (28-Jul-2021)

12.0b

Closing stock price (28-Jul-2021)

113.0

Cash (30-Sept-2019)

775.0m
Graenges's current market capitalization is kr12 b.
Annual
SEKFY, 2016FY, 2017FY, 2018

Revenue

7.2b11.4b12.9b

Revenue growth, %

59%13%

Cost of goods sold

4.4b7.4b8.6b

Gross profit

2.8b4.0b4.3b
Quarterly
SEKQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Revenue

2.9b3.1b2.7b3.1b3.4b3.3b3.1b3.2b3.0b

Cost of goods sold

1.9b2.0b1.8b2.1b2.3b2.3b2.0b2.0b1.9b

Gross profit

1.0b1.1b958.0m1.0b1.2b1.1b1.2b1.2b1.1b

Gross profit Margin, %

36%35%35%33%34%32%37%36%36%
Annual
SEKFY, 2016FY, 2017FY, 2018

Cash

851.0m742.0m457.0m

Accounts Receivable

1.4b1.6b1.4b

Inventories

1.4b1.6b2.0b

Current Assets

3.9b4.2b4.3b
Quarterly
SEKQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Cash

458.0m702.0m703.0m666.0m636.0m658.0m485.0m581.0m775.0m

Inventories

1.6b1.5b1.5b1.9b2.1b1.9b2.0b2.0b1.9b

Current Assets

3.8b4.0b4.0b4.6b4.8b4.6b4.5b4.5b4.6b

PP&E

3.2b3.1b3.0b3.2b3.4b3.5b4.1b4.7b5.2b
Annual
SEKFY, 2016FY, 2017FY, 2018

Depreciation and Amortization

265.0m370.0m353.0m

Cash From Operating Activities

686.0m968.0m1.4b

Purchases of PP&E

(155.0m)(358.0m)(843.0m)

Cash From Investing Activities

(2.7b)(396.0m)(819.0m)
Quarterly
SEKQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Depreciation and Amortization

102.0m204.0m287.0m82.0m171.0m261.0m108.0m221.0m336.0m

Cash From Operating Activities

120.0m489.0m710.0m294.0m585.0m901.0m278.0m588.0m1.2b

Purchases of PP&E

(45.0m)(106.0m)(180.0m)(123.0m)(289.0m)(524.0m)(451.0m)(959.0m)(1.4b)

Cash From Investing Activities

(45.0m)(106.0m)(180.0m)(102.0m)(267.0m)(503.0m)(451.0m)(959.0m)(1.4b)
SEKFY, 2016

EV/EBIT

15.9 x

EV/CFO

13 x

Revenue/Employee

7.5m

Debt/Equity

1.1 x

Debt/Assets

0.4 x

Financial Leverage

2.7 x
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Graenges Operating Metrics

FY, 2016FY, 2017FY, 2018

New Cars Launched

4.1 m

Patent Applications

10073106

Patents Issued

6892198

Products

3 k
Show all operating metrics

Graenges Acquisitions / Subsidiaries

Company NameDateDeal Size
GETEK GmbHOctober 12, 2017
NorandaAugust 05, 2016

Graenges Revenue Breakdown

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Graenges revenue breakdown by geographic segment: 7.8% from Asia, 15.4% from China, 15.9% from Rest of Europe, 10.5% from Americas, 47.5% from USA and 2.8% from Other

Graenges Cybersecurity Score

Cybersecurity ratingPremium dataset

B

88/100

SecurityScorecard logo

Graenges Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

60-79

out of 100

CSRHub logo

Graenges Online and Social Media Presence

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Graenges Company Culture

  • Overall Culture

    A+

    91/100

  • CEO Rating

    A+

    80/100

  • Compensation

    A+

    100/100

Learn more on Comparably

Graenges News and Updates

Granges has signed an agreement to acquire Aluminium Konin

Gränges AB (publ) (“Gränges”) has signed an agreement (the “Agreement”) to acquire the Polish flat rolled aluminium producer Aluminium Konin from Boryszew Group (the “Transaction”).read more

Granges Interim Report January-September 2019

Sales volume decreased by 8.1 per cent to 85.8 ktonnes (93.4). Temporary production disturbances in July and August in two of the US facilities resulted in lower sales volume of 6 ktonnes. Net sales decreased to SEK 2,998 million (3,322). Adjusted operating profit was SEK 190 million (230) and adjus…

Granges enters into new credit facility agreements and increases the financial flexibility

Gränges has refinanced the credit agreement that originally financed the acquisition of the US business in August 2016. The new credit facilities give Gränges a cost-effective financing, an increased financial flexibility and a prolonged time to maturity.read more

UPDATE 1-Sweden's Granges halts plans for U.S. aluminium joint venture

Sweden's Granges put on ice on Friday plans to form an aluminium manufacturing joint venture in the United States with Japan's Mitsubishi Aluminum Co, saying that the project was less attractive in "current circumstances".

Graenges Frequently Asked Questions

  • When was Graenges founded?

    Graenges was founded in 1896.

  • Who are Graenges key executives?

    Graenges's key executives are Johan Menckel, Magnus Carlstrom and Lucy Wang.

  • How many employees does Graenges have?

    Graenges has 1,620 employees.

  • What is Graenges revenue?

    Latest Graenges annual revenue is kr12.9 b.

  • What is Graenges revenue per employee?

    Latest Graenges revenue per employee is kr8 m.

  • Who are Graenges competitors?

    Competitors of Graenges include Thoni Alutec, Mingtai Aluminum and Grupa Kety.

  • Where is Graenges headquarters?

    Graenges headquarters is located at Linnégatan 18, Stockholm.

  • Where are Graenges offices?

    Graenges has offices in Stockholm, Finspång, Franklin, Shanghai and in 3 other locations.

  • How many offices does Graenges have?

    Graenges has 8 offices.