Slide 1: Q1 Interim report 2025: Strong profit growth
Q1 Interim report 2025 Strong profit growth
Slide 2: Profitable growth in a turbulent environment
Profitable growth in a turbulent environment • Strong sales volume and profit • Sales volume increased by 24% new business in Asia and market share gains • Adjusted operating profit increased by 15% to SEK 409 million (356) – best first quarter so far • Sales volume growth and improved productivity
Slide 3: Increased market share in mixed markets drove good growth in all regions
Increased market share in mixed markets drove good growth in all regions External sales volume growth Q1, 2025 Specialty Other Automotive HVAC packaging niches Total Gränges Americas → 8% Gränges Asia 94% Gränges Europe → 6% Total 13% 18% 4% 67% 24% >+3% → -3% to +3% <-3% 3
Slide 4: Limited impact of tariffs so far
Limited impact of tariffs so far • Regionalized strategy with Europe production close to customers External sales makes Gränges resilient 153 ktonnes Share regionally produced • Americas: 100% • US aluminium cost increases passed through • Domestic US production more competitive Americas Asia ri
Slide 5: A new chapter for Gränges Asia
A new chapter for Gränges Asia • Successful ramp-up and integration of new Shandong plant enabled 81% sales volume growth in Asia in first full quarter • Market share gains and new business in EV and Other niches were the main drivers Shandong • Operates in line with ambition of 90 ktonnes Shanghai
Slide 6: Solid sustainability performance in the quarter
Solid sustainability performance in the quarter • Reporting like-for-like: Carbon emissions intensity Sourced recycled aluminium Shandong will be included in tonnes CO2e/tonne R12m ktonnes R12m full-year report 12 100 400 11.4 Baseline 2017 • Record-low scope 1+2 8.4 -34% 80 intensity 9 8.0 300 7.5
Slide 7: Sales volume growth and improved cost productivity supported earnings growth
Sales volume growth and improved cost productivity supported earnings growth Sales volume Adjusted operating profit Adjusted operating margin ktonnes R12m SEK million R12m kSEK per tonne R12m 175 700 500 2,000 4 4 536 150 600 1,624 3.2 400 1,491 3.0 473 465 1,500 3 3 125 500 1,220 2.6 300 100 400 1,
Slide 8: Financial overview Q1 2025
Financial overview Q1 2025 Q1 R12m Full year SEK million 2025 2024 Δ Mar 2025 2024 Sales volume, ktonnes 151.6 122.0 24.3% 535.5 505.8 Net sales 7,233 5,428 33.3% 25,311 23,506 Adjusted operating profit1 409 356 14.7% 1,624 1,571 Adjusted operating profit per tonne, kSEK 2.7 2.9 -0.2 3.0 3.1 Operati
Slide 9: Reduced net debt and leverage in the first quarter despite seasonal working capital build-up
Reduced net debt and leverage in the first quarter despite seasonal working capital build-up Change in financial net debt SEK million -2,000 Operating cash flow 1.8x 1.7x SEK 21 million -2,500 -3,000 -3,500 -373 -4,000 634 -240 -25 128 -4,168 -4,292 -4,500 Financial Adjusted Change in Capital Taxes
Slide 10: New operating segments established
New operating segments established Finspång Konin Saint-Avold Huntingdon Newport Shandong Salisbury Shanghai Yunnan Gränges Americas Gränges Europe Gränges Asia Annual production capacity 260 ktonnes Annual production capacity 260 ktonnes Annual production capacity 280 ktonnes External sales volume
Slide 11: Gränges Americas Q1 2025: Higher sales volume and improved product mix
Gränges Americas Q1 2025: Higher sales volume and improved product mix • Stable to positive demand in Sales volume Adjusted operating profit all markets except ktonnes R12m SEK million R12m Automotive 75 300 400 1,600 • Sales volume growth 245 234 supported by new 217 300 1,124 1,200 business gains
Slide 12: Gränges Asia Q1 2025: New business gains and Shandong ramp-up
Gränges Asia Q1 2025: New business gains and Shandong ramp-up • Significant sales growth Sales volume Adjusted operating profit from Shandong ramp-up ktonnes R12m SEK million R12m • 20 ktonnes at break- 50 200 100 400 even operating profit 40 142 • Growth in Automotive driven 150 75 292 300 by new E
Slide 13: Gränges Europe Q1 2025: Mostly stable demand and new business gains
Gränges Europe Q1 2025: Mostly stable demand and new business gains • Stable demand in all markets Sales volume Adjusted operating profit except for in Automotive ktonnes R12m SEK million R12m 50 200 150 600 • Sales growth driven by new 165 176 business gains 160 125 500 40 150 • Sales volume increa
Slide 14: Second-quarter outlook
Second-quarter outlook • We expect continued good sales volume growth in the second quarter • Stable customer demand and market share gains • Ambition to retain 20-25 ktonnes in Shandong at approximately break-even profitability • For the rest of the Group, we currently expect mid-single-digit sales
Slide 15: Q&A
Q&A
Slide 16: GRANGES
GRANGES