Gränges AB (publ) (GRNG) Q3 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen, and welcome to this Q3 results conference with Grengis. I'm here, my name is Jörgen Rosengren, I'm Grengis' CEO, and I'm here with Oskar Hellström, our CFO, and with Sara Lander-Helén, our VP of Communications and Investor Relations. We'll be referring in this call to a PowerPoint presentation that's available on our webpage, and I'm going to start on page two of that presentation. And as you can see on this page, we had in the third quarter of this year another growth quarter. And that's very gratifying, especially considering that the market was rather slow. Our sales volume increased by 7% to 123,000 tons compared to 115 last year. And this, as I just said, was in spite of rather weak automotive demand, but bolstered by good growth in other markets. And in all of our segments and in all of our markets, in fact, we had really good effect of the market share gains that we've achieved over the past year and a half or two during an increased focus period on sales for Grengis. That's, of course, extremely good to see, especially considering the external market conditions. We had in the quarter a good productivity improvement and also good metals management, which is an important thing for Grengis, generally speaking. And these two positive effects largely offset an increase in price pressure and increase in wage inflation. And together then with the strong volume development, we had a stable operating profit at 420 million SEC, which is roughly in line with last year. Also extremely nice to see, of course, is the very good development of our sustainability numbers, notably the carbon footprint, which is at a very low level compared to our historical levels, and also the record recycling that we achieved in the quarter. We also announ...