Gränges has had many years of strong value creation. However, the positive trend was broken in 2019, and following the COVID-19 pandemic in 2020 the return on capital employed declined below the cost of capital. This called for action and a new strategy that would bring the company back to a solid long-term performance. And thus, the Navigate plan was born. The Navigate strategy is based on three parts – restore, build and invest – where the long-term target is sustainable growth.
The aim is to build the world’s best aluminium technology company
The Navigate plan is about continuing to build the company based on Gränges’ business model – improve, innovate and grow, and source green and recycle. People and sustainability, areas where Gränges believes it outperforms most other companies in the industry, are at the core of the strategy.
Committed to 15 per cent return on capital employed
The aim of the Navigate strategy is to get back to a stable return on capital employed (ROCE) above 15 per cent. Gränges’ financial targets were updated and the sustainability targets were supplemented in conjunction with the launch of the strategy.
Read more about Gränges’ strategy in the annual report 2022