Gränges AB (publ) (GRNG) Q2 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen, and welcome to this result presentation for Grenges. My name is Jörgen Rosengren. I'm Grenges' CEO, and with me here is Oskar Hellström, our CFO, and Svarelanda Helén, who's our head of communications and investor relations. This is the second quarter of 2024 that we're going to present today, but it also happens to be the 40th quarter of Grenges as a listed company since our IPO in 2014. fact that we're celebrating with presenting some what we call at least very good results in this quarter. We're going to be referring throughout the presentation to a presentation, a PowerPoint presentation, which is available on our investor website and also broadcast here. Turning then to the beginning of this presentation, we think that it's fair to say that this quarter has been characterized by stability and by profitability. And we set out entering this year to achieve two commercial objectives, to gain new business and to protect our margin. And I'm going to speak about them now in turn. Regarding the sales volume, we had a muted demand, but also a stable demand where most of our businesses, automotive, HVAC and so on, are back to relatively normal demand patterns. But that also means, of course, that the market growth has been quite subdued. But we complemented that with strong results from our sales efforts focusing on new business. And as a result, we clocked in on a 9% volume growth year-on-year to 131,000 tons compared to 121 last year. This is a higher number than last year and also than two years ago. So, in fact, a rather strong quarter for us volume-wise. The second commercial priority for the year, as I mentioned, is to work on productivity. And the reason for that is that there is generally now in our industry quite a bit of pric...