Gränges Interim report January-September 2015

Good growth in Europe and North America. Market remains weak in China
Third quarter 2015

• Sales volume reached 38.9 ktonnes (39.3), a decrease of 0.9% compared to
previous year.

• Net sales totalled SEK 1,281 million (1,198), an increase of 6.9%.

• Adjusted operating profit increased by 6.2% to SEK 112 million (106),
corresponding to an adjusted operatingmargin of 8.8% (8.8).

• Operating profit increased to SEK 97 million (81).

• Profit for the period was SEK 69 million (55). Earnings per share, basic and
diluted, increased to SEK 0.93 (0.73).

January-September 2015

• Sales volume reached 125.0 ktonnes (122.3), an increase of 2.2% compared to
previous year.

• Net sales totalled SEK 4,243 million (3,531), an increase of 20.1%.

• Adjusted operating profit increased by 18.0% to SEK 425 million (360),
corresponding to an adjusted operating margin of 10.0% (10.2).

• Operating profit increased to SEK 410 million (326).

• Profit for the period was SEK 295 million (230). Basic earnings per share
amounted to SEK 3.96 (3.08) and diluted earnings per share to SEK 3.95 (3.08).

• Net debt reduced by SEK 323 million to SEK 442 million, corresponding to 0.6
times adjusted EBITDA (on a rolling 12-month basis).

Comments by the CEO Johan Menckel:
”We continued to improve profits during the third quarter, despite lower sales
volume compared with previous year. In Europe and North America demand continued
to be good while the weaker automotive market in China resulted in a negative
development in Asia as a whole. Adjusted operating profit improved by 6.2
percent to SEK 112 million, corresponding to a margin of 8.8 percent. Favourable
exchange rates continued to make a positive contribution to profits while the
downturn in the aluminium premium meant an unfavourable price lag between the
premiums we pay and the premiums we receive”, says Johan Menckel.

Webcasted telephone conference
On Friday 23 October 2015 at 10.00 CET, CEO Johan Menckel and CFO Oskar
Hellström will present Gränges’ interim report for the period January-September
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 856642701 (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, telephone +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 Friday
23 October, 2015, at 07.30 CET.

About Gränges
Gränges is a leading global supplier of rolled products for the brazed aluminium
heat exchanger industry. The company develops, produces and markets advanced
materials that enhance production economy in the customer manufacturing process
and the performance of the final products; the brazed heat exchangers. The
company’s geographical markets are Europe, Asia and the Americas. The production
facilities are located in Sweden and in China and have a combined annual
capacity of 220,000 metric tonnes. Gränges has some 950 employees and net sales
in 2014 totalled SEK 4 748 million. The shares have been listed on Nasdaq
Stockholm since October 2014. More information about Gränges is available on
granges.com.