Gränges' interim report January-March 2015

Improved earnings and higher volume in first quarter

First quarter 2015

• Sales volume reached 42.7 ktonnes (41.3).

• Net sales totalled SEK 1,456 million (1,157), an increase of 25.8%.

• Adjusted operating profit increased by 24.7% to SEK 155 million (124),
corresponding to an adjusted operating margin of 10.6% (10.7).

• Operating profit increased to SEK 155 million (120).

• Profit for the period was SEK 111 million (85). Earnings per share amounted to
SEK 1.49 (1.14).

• Gränges has a solid financial position. At 31 March 2015, the equity/assets
ratio amounted to 52.3% and net debt was 1.1 times adjusted EBITDA (on a rolling
12-month basis).

Comments by the CEO Johan Menckel:
”We have the pleasure to present another quarter with improved earnings and
increased sales volume. Adjusted operating profit rose to SEK 155 million,
corresponding to a margin of 10.6%, which is our best result so far in a single
quarter. We continued to have support from favourable foreign exchange rates
during the first months of 2015, which was partly offset by higher costs and
slightly lower conversion prices.”, says Johan Menckel.

Webcasted telephone conference
On Monday 4 May 2015 at 10.00 CET, CEO Johan Menckel and CFO Oskar Hellström
will present Gränges’ interim report for the period January-March 2015 via a
webcasted telephone conference. The webcast can be accessed on Gränges website
www.granges.com/investors. To take part in the telephone conference, please call
+46 856642661 (Sweden), +44 2031940544 (United Kingdom) or +1 8552692604 (USA).
Please call a few minutes before the telephone conference starts. The
presentation will be made in English.

For additional information, please contact:
Pernilla Grennfelt, Director Communications & IR
pernilla.grennfelt@granges.com
Telefon +46 (0) 702 90 99 55

The information in this interim report is such that Gränges must disclose
pursuant to the Swedish Securities Market Act and/or the Swedish Financial
Instruments Trading Act. The information was submitted for publication on Monday
4 May 2015 at 07.30 CET.

About Gränges
Gränges is a leading global supplier of rolled products for producers of brazed
aluminum heat exchangers. The Company develops, produces and markets highly
advanced materials that enhance both the production economy of the customer
manufacturing process as well as the performance of the final product, the
brazed heat exchanger. Gränges has its headquarters in Stockholm, Sweden and
operates in three geographical regions: Europe, Asia and the Americas. The
Company operates production, research and development facilities in Finspång and
Shanghai with total annual capacity of approximately 220,000 metric tonnes. The
Company was originally founded in 1896, and the current operation was started in
1972 when the Company started to develop brazed heat exchanger material. Gränges
has approximately 950 employees, and in 2014 the Company had net sales of SEK
4,748 million. For more information about Gränges, please visit www.granges.com.