Gränges sees continued good momentum in the second quarter and provides updated outlook

20 Jun 2022 | GROUP RELEASE, Regulatory - MAR

Following Gränges’ successful mitigation of the recent COVID-19 lockdown in China, group sales volume for the second quarter is expected to be above 90 per cent of the sales volume in the corresponding quarter last year. Profit margins are expected to continue to improve compared with the first quarter with price adjustments increasingly compensating for cost increases.

Gränges will not make any further comments on the financial development until the half-year report has been published.

Gränges’ half-year report 2022 will be published at 07.30 CEST on Friday, 15 July. A webcasted conference call will be held the same day at 10.00 CEST.