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  • Ferronordic AB
    Nybrogatan 6 114 34 Stockholm
    +46 8 50907280
    http://ferronordic.com
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    Interim report 1 January – 30 September 2024

    Q3 2024:  Strong performance in the USTHIRD QUARTER 2024 · Revenue increased by 77% to SEK 1,141m (643) · Operating profit increased to SEK 2m (-10) · Operating margin increased to 0.1% (-4.4) · The result for the period decreased by -1% to SEK -88m (-89) · Basic earnings per share[1] amounted to SEK -6,07 (-6,16) · Cash flows from operating activities amounted to SEK 427m (-88) JANUARY - SEPTEMBER 2024 · Revenue increased by 75% to SEK 3,408m (1,948) · Operating profit increased by 135% to SEK 19m (-53) · Operating margin increased to 0.5% (-2.7) · The

    Invitation to Ferronordic’s investor presentation14 November 2024

    Ferronordic’s interim report for the third quarter 2024 will be published on 14 November 2024 at 07:30 CET. A presentation of the report will be held the same day at 10:00 CET.Ferronordic’s interim report for the third quarter 2024 will be published on 14 November 2024 at 07.30 CET and will be accessible at www.ferronordic.com. Ferronordic invites investors, analysts and the media to a presentation where Lars Corneliusson, CEO, and Erik Danemar, CFO, will comment on the report. The presentation will be held on 14 November 2024 at 10:00 CET and can be followed via telephone conference or

    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

    Invitation to Ferronordic’s Capital Markets Day on 2 October 2024

    Ferronordic will hold a Capital Markets Day on October 2, 2024, at 13:00 CET. During the day, the management will present the company’s strategic direction and financial objectives, and answer questions.Ferronordic invites investors, analysts and other stakeholders. It will be possible to participate on site or via webcast. On site availability is limited and places will be allocated on a first-come, first-served basis. The presentation will be held in English and will be followed by a question-and-answer session. Questions can be asked directly to the management on site or in writing

    Interim report 1 January – 30 June 2024

    Q2 2024: Continued strength in the USSECOND QUARTER 2024 · Revenue increased by 62% to SEK 1,095m (674) · Operating profit increased by 63% to SEK -4m (-10) · Operating margin increased to -0.3% (-1.5) · The result for the period decreased by -226% to SEK -81m (64) · Basic earnings per share[1] amounted to SEK -5.56 (4.41) · Cash flows from operating activities amounted to SEK 270m (40) JANUARY - JUNE 2024 · Revenue increased by 74% to SEK 2,267m (1,305) · Operating profit increased by 169% to SEK 17m (-25) · Operating margin increased to 0.7% (-1.9) ·

    Invitation to Ferronordic’s investor presentation15 August 2024

    Ferronordic’s interim report for the second quarter 2024 will be published on 15 August 2024 at 07:30 CET. A presentation of the report will be held the same day at 10:00 CET.Ferronordic’s interim report for the second quarter 2024 will be published on 15 August 2024 at 07:30 CET. A presentation of the report will be held the same day at 10:00 CET.   Ferronordic’s interim report for the second quarter 2024 will be published on 15 August 2024 at 07.30 CET and will be accessible at www.ferronordic.com. Ferronordic invites investors, analysts and the media to a presentation where Lars

    Ferronordic’s Capital Markets Day on 2 October 2024

    Ferronordic plans to hold a Capital Markets Day in Stockholm, Sweden, on 2 October 2024.During the day, executive management will outline the Group’s strategic direction and its financial objectives.   An invitation with more details will be sent out closer to the event.     -------------------------------------------------------   About Ferronordic Ferronordic is a service and sales company in the areas of construction equipment and trucks. It is the dealer for Volvo CE in all or parts of nine states in the United States and also represents Hitachi, Sandvik and Link-

    Bulletin from Ferronordic’s annual general meeting (AGM) 2024

    At Ferronordic’s AGM on 16 May 2024, held at Radisson Collection Strand Hotel, Nybrokajen 9, Stockholm, at 14:00, the shareholders resolved as follows:   · It was resolved not to pay dividend.  · The Company’s and the Group’s income statements and balance sheets were adopted.  · The Board members and CEO were discharged from liability for the financial year 2023.   · Annette Brodin Rampe, Lars Corneliusson, Håkan Eriksson and Staffan Jufors, Aurore Belfrage and Niklas Florén were re-elected members of the Board for the period until the end of the next annual

    Interim report 1 January – 31 March 2024

    Q1 2024: A strong start in the USFIRST QUARTER 2024 · Revenue increased by 86% to SEK 1,172m (631) · Operating profit increased by 247% to SEK 21m (-14) · Operating margin increased to 1.8% (-2.2) · The result for the period increased by 939% to SEK 70m (7) · Basic earnings per share1 amounted to SEK 4.83 (0.46) · Cash flows from operating activities amounted to SEK 124m (-126) SEK m (or as stated) 2024 2023 % 2023   FY Q1 Q1Revenue 1,172 631 86% 2,863Gross profit

    Invitation to Ferronordic’s investor presentation 16 May 2024

    Ferronordic’s interim report for the first quarter 2024 will be published on 16 May 2024 at 07:30 CET. A presentation of the report will be held the same day at 10:00 CET.Ferronordic’s interim report for the first quarter 2024 will be published on 16 May 2024 at 07.30 CET and will be accessible at www.ferronordic.com. Ferronordic invites investors, analysts and the media to a presentation where Lars Corneliusson, CEO, and Erik Danemar, CFO, will comment on the report. The presentation will be held on 16 May 2024 at 10:00 CET and can be followed via telephone conference or audiocast.

    NOTICE OF ANNUAL GENERAL MEETING OF SHAREHOLDERS IN FERRONORDIC AB (publ)

    The shareholders of Ferronordic AB (publ) (the “Company”) are invited to attend the annual general meeting (“AGM”) to be held at Radisson Blu Strand Hotel, Nybrokajen 9, Stockholm, on Wednesday 16 May 2024 at 2 p.m. Shareholders wishing to participate at the venue must be recorded in the share register kept by Euroclear Sweden AB on 7 May 2024 and notify the Сompany of their intention to participate no later than 9 May 2024. When providing such notice, the shareholder should state name, personal or corporate registration number, address, telephone number and the number of any

    Ferronordic publishes annual and sustainability report for 2023

    Ferronordic’s annual and sustainability reports for 2023 has been published and is available on the Company’s website at www.ferronordic.com/investor-relations/reports-and-presentations/     -------------------------------------------------------           About Ferronordic Ferronordic is a service and sales company in the areas of trucks and construction equipment. It is dealer of Volvo Trucks, Renault Trucks and Sandvik Mobile crushers and screens in Germany. Ferronordic is the dealer for Volvo CE in all or parts of nine states in the United States and also

    Year-end report 1 January – 31 December 2023

    Q4 2023: A restartFOURTH QUARTER 2023 · Revenue increased by 30% to SEK 915m (705) · Operating profit decreased by 361% to SEK -62m (-13) · Operating margin decreased to -6.8% (-1.9) · The result for the period decreased by 329% to SEK -89m (-21) · Basic earnings per share1 amounted to SEK -6.11 (-1.42) · Cash flows from operating activities amounted to SEK 147m (-48) JANUARY - DECEMBER 2023 · Revenue increased by 45% to SEK 2,863m (1,973) · Operating profit decreased by 149% to SEK -115m (233) · Operating margin decreased to -4.0% (11.8) · The result

    Invitation to Ferronordic’s investor presentation 22 February 2024

    Ferronordic’s year-end report for 2023 will be published on 22 February 2024 at 07:30 CET. A presentation of the report will be held the same day at 10:00 CET.Ferronordic’s year-end report for 2023 will be published on 22 February 2024 at 07.30 CET and will be accessible at www.ferronordic.com. Ferronordic invites investors, analysts and the media to a presentation where Lars Corneliusson, CEO, and Erik Danemar, CFO, comment on the report. The presentation will be held on 22 February 2024 at 10:00 CET and can be followed via telephone conference or audiocast.   The presentation will

    Ferronordic completes acquisition of leading dealer for Volvo Construction Equipment in the USA

    Ferronordic has completed the acquisition of Rudd Equipment Company, Inc. (“Rudd”), one of the largest dealers for Volvo CE in the United States, with operations in all or parts of nine states. Ferronordic thereby takes the first step to expand into the important US market.Ferronordic announced on 13 November 2023 that the company had entered into an agreement to acquire Rudd Equipment Company, Inc. (“Rudd”). On 30 November 2023, Ferronordic completed the acquisition of Rudd.   Rudd is based in Louisville, Kentucky, but covers an extensive sales area with several major cities, such as

    Interim report 1 January – 30 September 2023

    Q3 2023: Weak operationally. Key strategically.THIRD QUARTER 2023 · Revenue increased by 56% to SEK 643m (412) · Operating profit adjusted[1] decreased by 37% to SEK -28m (-21) · Operating profit decreased by 109% to SEK -28m (300) · Operating margin adjusted[1] increased to -4.4% (5.0) · The result for the period decreased by 124% to SEK -89m (366) · Basic earnings per share[2] amounted to SEK -6.16 (25.20) · Cash flows from operating activities amounted to SEK -88m (240) JANUARY - SEPTEMBER 2023 · Revenue increased by 54% to SEK 1,948m (1,268) · Operating

    Ferronordic expands to the USA – acquires one of the country’s largest Volvo Construction Equipment dealers

    Ferronordic has entered into an agreement to purchase Rudd Equipment Company, Inc. (“Rudd”), one of the largest dealers of Volvo CE in the United States with operations in all or parts of nine states. Ferronordic thereby takes its first step to expand into the important US market. The purchase price amounts to USD 95.0m, corresponding to 5.8 x 2022 adjusted earnings before tax. In 2022, Rudd had sales of USD 308.3m with an operating income of USD 16.5m and earnings before tax of USD 16.4m (both adjusted to IFRS). In addition, Ferronordic acquires two real properties for USD 10m, currently

    Invitation to Ferronordic’s investor presentation 16 November 2023

    Ferronordic’s interim report for the third quarter 2023 will be published on 16 November 2023 at 07:30 CET. A presentation of the report will be held the same day at 10:00 CET.Ferronordic’s interim report for the third quarter 2023 will be published on 16 November 2023 at 07.30 CET and will be accessible at www.ferronordic.com. Ferronordic invites investors, analysts and the media to a presentation where Lars Corneliusson, CEO, and Erik Danemar, CFO, comment on the report. The presentation will be held on 16 November 2023 at 10:00 CET and can be followed via telephone conference or

    Interim report 1 January – 30 June 2023

    Continued focus forwardSECOND QUARTER 2023 · Revenue increased by 68% to SEK 674m (402) · Operating profit increased by 65% to SEK -10m (-30) · Operating margin increased to -1.5% (-7.4) · The result for the period increased by 100% to SEK 64m (32) · Basic earnings per share* amounted to SEK 4.41 (2.20) · Cash flows from operating activities amounted to SEK 40m (39) JANUARY - JUNE 2023 · Revenue increased by 52% to SEK 1,305m (856) · Operating profit increased by 55% to SEK -25m (-54) · Operating margin increased to -1.9% (-6.3) · The result for the

    Invitation to Ferronordic’s investor presentation 17 August 2023

    Ferronordic’s interim report for the second quarter 2023 will be published on 17 August 2023 at 07:30 CET. A presentation of the report will be held the same day at 10:00 CET.Ferronordic’s interim report for the second quarter 2023 will be published on 17 August 2023 at 07.30 CET and will be accessible at www.ferronordic.com. Ferronordic invites investors, analysts and the media to a presentation where Lars Corneliusson, CEO, and Erik Danemar, CFO, comment on the report. The presentation will be held on 17 August 2023 at 10:00 CET and can be followed via telephone conference or

    Ferronordic is awarded up to EUR 23m in government subsidies in Germany for investments in electric trucks

    The German Ministry for Digital and Transport has awarded Ferronordic subsidies in an amount up to EUR 23m for investing in up to 117 electric trucks. Ferronordic plans to use subsidised electric trucks from Volvo Trucks and Renault Trucks to grow its business in electric trucks rental and sustainable transport solutions.In 2022, Ferronordic founded a separate subsidiary in Germany, Ferronordic e-Rental GmbH, to focus on rental of electric trucks, charging equipment and promoting sustainable transport solutions. This was part of Ferronordic’s strategy to develop expertise in operating and

    Bulletin from Ferronordic’s Annual General Meeting (AGM) 2023

    At Ferronordic’s AGM on 11 May 2023, held at Radisson Blu Strand Hotell, Nybrokajen 9, Stockholm, Thursday 11 May 2023 at 14:00, the shareholders resolved as follows:   · It was resolved to pay a dividend of SEK 7.50 per share. The record date for receiving the dividend is 15 May 2023. Payment will take place around 19 May 2023.   · The Company’s and the Group’s income statements and balance sheets were adopted. The Board members and CEO were discharged from liability for the financial year 2022.   · Annette Brodin Rampe, Lars Corneliusson, Håkan Eriksson, Staffan

    Milestone reached in Germany

    FIRST QUARTER 2023 · Revenue increased 39% to SEK 631m (455) · Operating profit increased 42% to SEK -14m (-25) · Operating margin increased to -2.2% (-5.4) · Result for the period decreased by 89% to SEK 7m (63) · Earnings per share from continuing operations1 amounted to SEK 0.46 (-2.13) · Cash flows from operating activities amounted to SEK -126m (-16)      []SEK m (or as stated) 2023 2022 % FY2022 Q1 Q1Revenue 631 455 39% 1,973Gross profit 85 53 59%

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