Granges AB (OSTO:GRNG)
kr 124.3 -2.7 (-2.13%) Market Cap: 13.21 Bil Enterprise Value: 16.32 Bil PE Ratio: 14.04 PB Ratio: 1.39 GF Score: 88/100

Q1 2019 Granges AB Earnings Call Transcript

Apr 26, 2019 / 08:00AM GMT
Release Date Price: kr93.27 (-0.47%)
Johan Menckel;nges AB;publ;CEO
GrÃ

¤()-

Welcome to Granges' conference call for the first quarter of 2019. Here in Stockholm, it's me, Johan Menckel, CEO of Granges. And beside me, I have CFO, Oskar Hellstrom. As usual, we will start this presentation with an update of Granges' performance during the last quarter and touch upon some important events. Then it's time for Oskar to guide you through the financial results. After that, we conclude the presentation with a short summary and the Q&A session.

Starting with the first quarter 2019 highlights. First, I would like to say that I'm cautiously positive to how we have started the year in light of the increasingly challenging market conditions. On the Automotive side of our business, the softer market condition that we started to see in the fourth quarter continued in the first quarter this year. And as a consequence of this, our sales volume declined by 4% year-over-year in the first quarter. The most challenging market is currently Asia and, in particular, China, but we did see lower sales

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot