OverviewSuggest Edit

Gränges 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
HQGöteborg, SE
Websitegranges.com

Latest Updates

Employees (est.) (Jun 2020)1,620(-4%)
Revenue (FY, 2018)KR12.9 B(+13%)
Share Price (Sept 2020)KR79.2
Cybersecurity ratingBMore

Key People/Management at Granges

Johan Menckel

Johan Menckel

CEO
Magnus Carlstrom

Magnus Carlstrom

SVP Human Resources
Fredrik Arp

Fredrik Arp

Chairman
Oskar Hellstrom

Oskar Hellstrom

CFO & Deputy CEO
Bilal Chebaro

Bilal Chebaro

CIO
Patrick Lawlor

Patrick Lawlor

President Americas
Show more

Granges Office Locations

Granges has offices in Göteborg, Finspång, Stockholm, Franklin and in 1 other location
Göteborg, SE (HQ)
Linnégatan 18
Finspång, SE
S-612 81
Shanghai, CN
1111 Jiatang Hwy, Jiading Qu
Franklin, US
501 Corporate Centre Dr #280
Show all (5)

Granges Financials and Metrics

Granges Revenue

Embed Graph
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 (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 (18-Sept-2020)

6.0b

Closing stock price (18-Sept-2020)

79.2

Cash (30-Sept-2019)

775.0m
Granges's current market capitalization is kr6 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
Show all financial metrics

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
Show all operating metrics

Granges Acquisitions / Subsidiaries

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

Granges Cybersecurity Score

Cybersecurity ratingPremium dataset

B

86/100

SecurityScorecard logo

Granges Revenue Breakdown

Embed Graph

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

Embed Graph

Granges 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".

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 Fredrik Arp.

  • How many employees does Granges have?

    Granges has 1,620 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 kr8 m.

  • Who are Granges competitors?

    Competitors of Granges include Grupa Kety, AMAG and Scot Forge.

  • Where is Granges headquarters?

    Granges headquarters is located at Linnégatan 18, Göteborg.

  • Where are Granges offices?

    Granges has offices in Göteborg, Finspång, Stockholm, Franklin and in 1 other location.

  • How many offices does Granges have?

    Granges has 5 offices.