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Capital Markets Day 2026

At the Gränges Capital Markets Day on June 2, 2026, we presented our strategy and priorities for the next four years under the theme Accelerating Toward Leadership.

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In the last four years, Gränges has finalized a long expansion program to 800 ktonnes of production capacity balanced across our regions Americas, Asia and Europe. Over the same period, the company has enjoyed strong volume and profit growth and excellent sustainability results. In the next phase, focus is on increasing utilization, optimizing performance and further strengthening returns.

We reiterated our ambition to become a global leader in aluminium recycling and flat rolling through profitable growth, stronger cash generation and disciplined capital allocation.

At the Capital Markets Day, we outlined priorities to:

  • Drive capacity utilization to above 90 percent by the end of 2027 through continued market share gains and focus on high-growth segments
  • Execute a four-year Optimize program focused on price/mix as well as asset, cost and capital productivity, enabling improved profitability and stronger cash generation
  • Accelerate sustainability by taking the lead in circular, low-carbon solutions, driving decarbonization and circularity, and operating responsibly across the value chain
  • Increase cash flow by disciplined capital allocation, working capital efficiency, and lower capex
  • Prioritize share buybacks when financial net debt is sustainably at or below 1.5x EBITDA

We confirmed our financial targets of:

  • Return on capital employed (ROCE) above 15 percent
  • Average yearly adjusted operating profit growth above 10 percent
  • Financial net debt normally between 1–2x EBITDA
  • Dividend corresponding to 30–50 percent of profit for the year

We also raised our 2030 ambition for carbon emissions intensity by 25 percent to 3.0 tonnes CO₂e per tonne, and accelerating progress toward carbon neutrality by 2040.

“Our ambition remains clear: to continue building an industry leader in aluminium recycling and flat rolling. Following a period of substantial investments, we are now focused on utilizing and optimizing our stronger foundation to drive profitable growth, stronger cash flow and improved returns,” said Jörgen Rosengren, President and CEO of Gränges.