Goals and Strategy

Financial Targets


Gränges aims to grow sales volume at least in line with the company’s end markets over time.

Return Metric
Gränges aims to generate a return on capital employed of 15–20% over time.

Capital Structure
Gränges’ net debt should normally be between 1–2 times EBITDA over a 12-month period.

Dividend Policy
Gränges aims to pay a dividend on its shares over time of 30–50% of net profit for the period. Decisions on dividends will take into account the company’s financial position, cash flow and outlook.


Granges’ strategy is to be a global niche player in the market for rolled products for brazed aluminium heat exchangers. By focusing on this niche and a global offering of customized products with a high technical content, Gränges aims to strengthen its leading position and continue to grow with good profitability. This strategy is based on a strong customer focus, leading edge technology, a high level of production expertise, continuous improvements and on being a sustainable long-term link in the value chain.