Ferronordic Machines Year-end Report January – December 2016
Press Release Stockholm, 20 February 2017INCREASED REVENUE AND SIGNS OF RECOVERY FOURTH QUARTER 2016 · Revenue increased by 34% (20% increase in rubles) to SEK 537m (SEK 400m) · Operating profit increased to SEK 21m (SEK 18m). Adjusted operating profit amounted to SEK 39m* · Operating margin was 3.9% (4.5%). Adjusted operating margin was 7.3%* · EBITDA amounted to SEK 45m (SEK 32m) · The after-tax result amounted to SEK 16m (SEK 9m). Adjusted after-tax result was SEK 31m* · Earnings per ordinary share amounted to SEK 0.22 (SEK -0.39) · Cash flow from operating