Ferronordic’s Board of Directors withdraws its dividend proposal
The Board of Directors of Ferronordic have decided to withdraw the previous dividend proposal and propose that the Annual General Meeting on 25 June resolve that no dividend shall be paidFerronordic has a strong financial position, liquidity and business model, built around a great team and a robust aftermarket business. Since the original dividend proposal was submitted however, the business environment has changed significantly as a result of COVID-19. To ensure that Ferronordic can maintain the highest possible financial strength and flexibility in the current environment, the Board