The global leader in aluminium rolling and recycling in selected niches, Gränges, is set to join Nasdaq’s Large Cap segment following the Nordic market capitalisation review, effective January 2, 2025.
Since its listing on Nasdaq Stockholm in October 2014, Gränges's market capitalisation has soared from SEK 3.2 billion to SEK 14.3 billion. Over this period, the company has delivered a remarkable total return of 339 per cent to shareholders, averaging an impressive 16 per cent annual growth.
Jörgen Rosengren, CEO of Gränges, said, ”As a listed company, we’ve accelerated our progress toward leadership in aluminium rolling and recycling. Our sales volume and operating profit have tripled, and we’ve expanded globally through acquisitions and strategic partnerships while generating excellent returns for our shareholders."
"Our sustainability strategy has led to lower carbon intensity, dramatically increased recycling, and good progress toward our goal of climate neutrality by 2040. That Gränges now moves to the Large Cap segment is a testament to this progress. We’re excited about the further opportunities we see ahead with the support of our shareholders and partners."
The Large Cap segment includes companies whose shares have a market value of EUR 1 billion or more. Nasdaq communicated the results of its annual review on December 19, 2024.
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