Gränges makes non-cash inventory write-down

20 Jan 2023 | GROUP RELEASE, Regulatory - MAR

As a result of impairment review, Gränges will make a non-cash inventory write-down relating to raw materials imported by Gränges Americas in the first three quarters of 2022. The write-down will affect the full-year adjusted operating profit by approximately SEK -80 million.

The amount stated in this press release is preliminary and unaudited. Gränges will not make any further comments on the financial development until the year-end report for 2022 has been published. 

Gränges’ year-end report for the period January–December 2022 will be published at 07.30 CEST on Thursday, 26 January 2023 in accordance with the company’s financial calendar. A webcast presentation will be held the same day at 10.00 CEST.