GRNGNasdaq StockholmBasic MaterialsIFRS · SEK

Gränges

Gränges is a global leader in aluminium rolling and recycling, focusing on niche markets such as automotive, HVAC, specialty packaging, and other niche applications. The company operates across three main segments: Gränges Americas, Gränges Asia, and Gränges Europe, reflecting its geographical market focus. Gränges has achieved significant market share gains and continues to expand its product and customer portfolio, with a strong emphasis on sustainability and reducing carbon emissions. The company is headquartered in Sweden and has a robust presence in the aluminium industry, known for its innovative solutions in thermal management and electrification components.

Revenue28.4bn SEK
+21.0 %y/y
Operating profit (EBIT)1,614m SEK
+6.0 %y/y
EBIT margin5.7%
−0.8 ppy/y
Net income1,058m SEK
+4.8 %y/y
Free cash flow569m SEK
+168.1 %y/y

Fiscal year 2025 · change from previous year

Development 2021–2025

010203040bn SEK2021: 18.1 bn SEK2021: EBIT 0.83 bn SEK20212022: 24.3 bn SEK2022: EBIT 1.1 bn SEK20222023: 22.4 bn SEK2023: EBIT 1.6 bn SEK20232024: 23.4 bn SEK2024: EBIT 1.5 bn SEK20242025: 28.4 bn SEK2025: EBIT 1.6 bn SEK2025TTM 2026: 32.1 bn SEKTTM32.1
RevenueOperating profit (EBIT)TTM = last 12 months, not a full fiscal year

Business

Share of revenue
Automotive38 %

Includes aluminium products for vehicle manufacturing and electrification.

HVAC15 %

Materials for heating, ventilation, and air conditioning systems.

Specialty Packaging16 %

Aluminium solutions for packaging applications.

Other Niches31 %

Various niche applications including thermal management and electrification.

Customers

Gränges serves a diverse range of customers across its key markets, including automotive manufacturers, HVAC system producers, and specialty packaging companies. The automotive sector is a primary customer segment, driven by the demand for lightweight and efficient materials, especially in electric vehicles. HVAC manufacturers rely on Gränges for high-performance materials that meet energy efficiency standards. Specialty packaging clients seek sustainable and recyclable solutions, aligning with Gränges' focus on low-carbon products. The company's ability to adapt to market changes and expand its customer base has been crucial in maintaining growth.

Automotive

Purchases aluminium products for vehicle manufacturing and electrification due to lightweight and efficiency needs.

HVAC

Buys materials for energy-efficient heating, ventilation, and air conditioning systems.

Specialty Packaging

Seeks sustainable and recyclable aluminium solutions for packaging.

Other Niches

Includes various niche applications like thermal management and electrification.

Strategy

Gränges' strategic priorities focus on sustainable growth, market share expansion, and operational efficiency. The company aims to fully utilize its expanded capacity and optimize its product mix and pricing strategies. A significant emphasis is placed on sustainability, with targets for net-zero emissions by 2040 and increased use of recycled aluminium. Gränges is committed to maintaining its competitive edge through innovation and by adapting to market demands, particularly in the automotive and electrification sectors.

Sustainable growthLong term

To maintain competitive edge and meet environmental targets

Market share expansionMedium term

To drive sales volume growth and profitability

Operational efficiencyShort term

To optimize costs and improve margins

Geography

Q4/2025

Gränges operates globally with significant market presence in the Americas, Asia, and Europe. The company has manufacturing facilities strategically located to serve its key markets efficiently. In Asia, Gränges has expanded its capacity, particularly in China, to support growth in automotive and electrification sectors. The Americas segment has shown strong performance despite challenges in the HVAC market. Gränges' geographical diversification helps mitigate risks associated with regional economic fluctuations and currency variations.

Americas46 %
Europe29 %
Asia25 %

Share of the revenue the company reports by geography.

Risks

Gränges faces several risks, including fluctuations in aluminium prices, currency exchange rates, and economic conditions in its key markets. The company is also exposed to risks related to environmental regulations and the transition to low-carbon operations. Additionally, geopolitical tensions, particularly in Asia, could impact supply chains and market access. Gränges mitigates these risks through strategic diversification and sustainability initiatives, but remains vulnerable to industry-specific challenges such as demand shifts in the automotive and HVAC sectors.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Aluminium price fluctuations1Geopolitical tensions2Currency exchange rate volatility3
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Aluminium price fluctuationsImpact: HighLikelihood: Medium

    Affects cost structure and profitability

  2. Geopolitical tensionsImpact: HighLikelihood: Medium

    Could disrupt supply chains and market access, especially in Asia

  3. Currency exchange rate volatilityImpact: MediumLikelihood: Low

    Impacts financial results due to global operations

Accounting

Judgemental items
Revenue recognition timing

Impacts revenue reporting based on control transfer

Quarterly fluctuations

Aluminium price variability affects comparability

IFRS 18 evaluation

Future impact on presentation and disclosures

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026