Gränges has today published its Annual and Sustainability Report for 2024. For the first time, the report includes a comprehensive Sustainability statement preparing for the CSRD reporting standard.
"2024 was a record year for Gränges in many ways. We delivered the highest-ever sales volume, earnings, and best sustainability performance, marking the completion of the successful first phase of our Navigate strategy," said Jörgen Rosengren, President and CEO of Gränges.
The report highlights progress in the Navigate strategy, introduced three years ago, including the completion of major capacity investments in the U.S., Sweden, and Poland. In 2024, Gränges further expanded in Asia with the acquisition of a production facility in Shandong, China. Its customer-focused and diversified approach drove market share growth across all three regions and strengthened long-term partnerships with customers and suppliers. Gränges also delivered strong results in sustainability, achieving an all-time low in decarbonization and record-high recycling rate for the full year. These milestones put the company firmly on track toward its net-zero goal.
"In the first three years of the Navigate plan, we have built a solid foundation for sustainable and profitable growth. 2024 marked the completion of the first phase: Restore. We made significant progress towards our long-term financial targets set in 2021. Since then, adjusted operating profit and net profit have increased by 60 percent and 70 percent, respectively, in a challenging market," said Jörgen Rosengren, President and CEO of Gränges.
Gränges Annual and Sustainability Report 2024 is available on Gränges' website under reports and presentations.
For further information, please contact:
Sara Lander Hyléen, VP Communication & Investor Relations
sara.hyleen@granges.com, tel. +46 709 16 16 41
This information is information that Gränges AB (publ) is obliged to make public pursuant to the Securities Markets Act. The information was submitted for publication, through the agency of the contact persons set out above, at 2025-03-18 09:00 CET.
About Gränges
Gränges is a global leader in aluminium rolling and recycling in selected niches. We're committed to creating circular and sustainable aluminium solutions in partnership with our customers and suppliers - for a better future. Our solutions help customers grow and transition to climate neutrality. They are used for efficient climate control in transportation and buildings, electrification and battery components, recyclable packaging, and more. Gränges has production facilities and conducts sales in the regions Americas, Asia, and Europe with 3,500 employees and a total annual production capacity of 800 ktonnes. The share is listed on Nasdaq Stockholm (GRNG). More information is available at www.granges.com.