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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. 

Granges AB is a supplier of rolled aluminium products for heat exchanger applications and other niche markets. The company's customers are in the automotive industry, the HVAC industry, and niche markets such as specialty packaging. It has five production facilities located in Sweden, China and the United States. It has competence centers for research and innovation in connection to the production facilities. It generates revenue by selling advanced material manufactured for specific customers and applications in long-term contracts.