Q1 2026 Granges AB Earnings Call Transcript
Key Points
- Granges AB (STU:9GR) achieved a 5% increase in sales volume, outperforming the market despite weak demand.
- The company reported a 12% increase in EBIT to 459 million SEK, marking the best-ever first-quarter EBIT for Granges AB.
- Granges AB successfully offset cost increases and negative currency effects through market share gains, pricing, and productivity improvements.
- Sustainability performance improved, with a lower carbon footprint and increased recycling, aligning with strategic priorities.
- The company experienced strong operational performance across all regions, contributing to volume growth and financial results.
- Higher aluminum prices negatively impacted working capital and cash flow, a trend expected to continue into the second quarter.
- The cash flow for the first quarter was weak, influenced by higher aluminum prices and seasonal working capital build-up.
- Granges AB faced geopolitical and macroeconomic volatility, adding complexity to operational and financial conditions.
- The Asian market experienced a slight volume decline due to weak automotive demand, impacting profit improvement.
- Currency effects, particularly the strengthening of the SEK against the US dollar, negatively impacted earnings by 85 million SEK.
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Good morning, ladies and gentlemen, and welcome to Granges' first quarter results presentation for 2026.
My name is Jörgen Rosengren, and I'm President and CEO at Granges. And today, I'm joined here in this conference by Oskar Hellström, our CFO and Deputy CEO, and Anna Hedenberg, our Investor Relations Director.
I'm going to give you a short summary of the first quarter, after which Oskar will present our results more fully.
And then I will round off with some comments on the outlook.
Today, we'll try to go through the presentation rather quickly, which means that there is going to be ample room for questions and answers after the presentation is done.
Now, to summarize the first quarter, we'd like to first point out the good volume growth that we've enjoyed.
We grew our sales volume by 5% and all that organic, of course, since it's now a while since we made our latest acquisition, despite actually quite weak demand, unstable demand, but also quite weak demand in
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