OverviewSuggest Edit

Granges is a global aluminium 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 competences include brazing and processing, mechanical properties, corrosion, and lubrication, chemistry and surfaces. The Company also has research and development (R&D) and production facilities.

TypePublic
Founded1896
HQStockholm, SE
Websitegranges.com

Latest Updates

Employees (est.) (Dec 2018)1,800(+88%)
Revenue (FY, 2018)KR12.9 B(+13%)
Share Price (Oct 2017)KR86.5 (+3%)

Key People/Management at Granges

Johan Menckel

Johan Menckel

CEO
Magnus Carlstrom

Magnus Carlstrom

Svp Hr
Pernilla Grennfelt

Pernilla Grennfelt

SVP Communications & Investor Relations
Oskar Hellstrom

Oskar Hellstrom

CFO & Deputy CEO
Patrick Lawlor

Patrick Lawlor

President Americas
Niclas Nelson

Niclas Nelson

General Counsel
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Granges Office Locations

Granges has offices in Stockholm, Finspång, Franklin and Shanghai
Stockholm, SE (HQ)
Linnégatan 18
Finspång, SE
S-612 81
Shanghai, CN
1111 Jiatang Hwy, Jiading Qu
Franklin, US
501 Corporate Centre Dr #280
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Granges Financials and Metrics

Granges Revenue

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

Revenue (Q2, 2019)

3.2b

Gross profit (Q2, 2019)

1.2b

Gross profit margin (Q2, 2019), %

36.1%

Net income (Q2, 2019)

171.0m

EBIT (Q2, 2019)

257.0m

Market capitalization (31-Oct-2017)

6.6b

Closing stock price (31-Oct-2017)

86.5

Cash (30-Jun-2019)

581.0m
Granges's current market capitalization is kr6.6 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, 2019

Revenue

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

Cost of goods sold

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

Gross profit

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

Gross profit Margin, %

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

Cash

851.0m742.0m457.0m

Accounts Receivable

1.6b1.8b1.9b

Inventories

1.4b1.6b2.0b

Current Assets

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

Cash

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

Accounts Receivable

1.8b1.8b1.8b2.0b2.1b2.1b2.0b1.9b

Inventories

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

Current Assets

3.8b4.0b4.0b4.6b4.8b4.6b4.5b4.5b
Annual
SEKFY, 2016FY, 2017FY, 2018

Net Income

559.0m917.0m940.0m

Depreciation and Amortization

265.0m370.0m353.0m

Cash From Operating Activities

686.0m968.0m1.4b

Purchases of PP&E

(1.7b)
Quarterly
SEKQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Net Income

237.0m527.0m754.0m217.0m519.0m749.0m275.0m532.0m

Depreciation and Amortization

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

Cash From Operating Activities

120.0m489.0m710.0m294.0m585.0m901.0m278.0m588.0m

Purchases of PP&E

(1.7b)
SEKY, 2019

Financial Leverage

2.5 x
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Granges Operating Metrics

FY, 2016FY, 2017FY, 2018

New Cars Launched

4.10 m

Patent Applications

100 73 106

Patents Issued

68 92 198

Products

3 k
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Granges Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
GETEK GmbHOctober 12, 2017
NorandaAugust 05, 2016

Granges Revenue Breakdown

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Granges 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

Granges Online and Social Media Presence

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Granges News and Updates

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".

Granges Frequently Asked Questions

  • When was Granges founded?

    Granges was founded in 1896.

  • Who are Granges key executives?

    Granges's key executives are Johan Menckel, Magnus Carlstrom and Pernilla Grennfelt.

  • How many employees does Granges have?

    Granges has 1,800 employees.

  • What is Granges revenue?

    Latest Granges annual revenue is kr12.9 b.

  • What is Granges revenue per employee?

    Latest Granges revenue per employee is kr7.2 m.

  • Who are Granges competitors?

    Competitors of Granges include Grupa Kety, AMAG and Hosecraft USA Industries.

  • Where is Granges headquarters?

    Granges headquarters is located at Linnégatan 18, Stockholm.

  • Where are Granges offices?

    Granges has offices in Stockholm, Finspång, Franklin and Shanghai.

  • How many offices does Granges have?

    Granges has 4 offices.