Ferronordic decides on new financial objectives and dividend policy
Ferronordic has decided on new financial objectives and dividend policy for the Group. The new financial objectives take into consideration the long-term potential for growth, profitability and cash flows in Ferronordic’s current business profile, including its expansion to the US.In November 2023, Ferronordic acquired Rudd Equipment Company in the US. The acquisition significantly shifted the profile of Ferronordic’s business and balance sheet. In 6M 2024, the US business contributed 62% of the Group’s revenue, while Germany and Kazakhstan made up 34% and 4% respectively. On 30 June, the