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
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Q2 2020 Granges AB Earnings Call Transcript

Jul 16, 2020 / 08:00AM GMT
Release Date Price: kr63.61 (-11.31%)
Johan Menckel;nges AB;publ;CEO
GrÃ

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Welcome to Gränges conference call for the second quarter of 2020. As usual, here in Stockholm, it's me, Johan Menckel, CEO of Gränges; and with me, I have CFO, Oskar Hellstrom. We will start this presentation with an update of the general market situation and Gränges' performance during the last quarter. After that, Oskar will take you through the financial results, and then we will conclude the presentation with a short summary and the Q&A session.

When we now have the second quarter of 2020 behind us, we can conclude that this turned out to be the most challenging quarter in the modern history of Gränges. As we're all aware of, the world is currently severely impacted by the outbreak of COVID-19. The extraordinary measures that have been taken to reduce the spread of the virus have significantly affected market conditions for Gränges in the second quarter.

We started to see the impact on demand already in the first quarter when the car producers in Asia and Europe close their production

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