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  • Ferronordic AB
    Nybrogatan 6 114 34 Stockholm
    +46 8 50907280
    http://ferronordic.com
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    Invitation to Ferronordic’s investor presentation 12 August 2021

    Ferronordic’s interim report for the second quarter of 2021 will be published on 12 August 2021 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 2021 will be published on 12 August 2021 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 12 August 2021 at 10:00 CET and can be followed via telephone conference or audiocast.

    Ferronordic becomes distributor for Sandvik mobile crushers and screens in Russia

    Ferronordic has entered into an agreement to become the distributor of Sandvik mobile crushing and screening equipment in all of Russia. Under the agreement, Ferronordic is responsible for sales, service and repair of Sandvik mobile crushing and screening equipment throughout the country. Over time, Ferronordic expects that sales related to the new products may represent up to 5% of its revenue in Russia.Sandvik Mobile Crushing and Screening, a division within Sandvik’s newly formed business area Rock Processing Solutions, has appointed Ferronordic its distributor throughout Russia for

    Invitation to Ferronordic’s investor presentation 19 February 2021

    Ferronordic’s year-end report for 2020 will be published on 19 February 2021 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 2020 will be published on 19 February 2021 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 19 February 2021 at 10:00 CET and can be followed via telephone conference or audiocast. The presentation will be

    Ferronordic expands network in Germany with the acquisition of a workshop in Nordhausen

    Ferronordic has signed an agreement to purchase the business of Bus und Truck Service GmbH, an authorised Volvo and Renault Trucks workshop in Nordhausen in central Germany. The acquisition is in line with Ferronordic’s strategy to expand and improve its service network in Germany. Over the last three years, Bus und Truck Service GmbH generated an average revenue of around EUR 1.5m (*SEK 15m) per year, with an estimated adjusted operating margin of approx. 10%.Bus und Truck Service GmbH provides service and repairs of trucks, trailers and buses in Nordhausen, Thüringen. The company has 14

    Ferronordic expands network in Germany with the addition of new workshop in Fulda

    Ferronordic has signed an agreement to acquire Truck Center Röhn GmbH (”TCR”), an authorized Volvo and Renault Trucks workshop in Fulda, Hessen. The acquisition is in line with  Ferronordic’s strategy to expand and improve its service network in Germany. In 2019, TCR generated a revenue of approx. EUR 3.9m (*SEK 40m) with an operating profit of approx. EUR 0.6m (*SEK 6m) and 15% operating margin.The business of TCR consists of servicing and repairing trucks and selling spare parts. TCR also operates a small truck rental business. The company currently employs 19 employees, mainly mechanics.

    Interim Report January - September 2020

    Record profit and strong cash flowTHIRD QUARTER 2020 · Revenue increased by 17% to SEK 1,129m (SEK 964m) · Operating profit decreased by 1% to SEK 107m (SEK 109m) · Operating margin decreased to 9.5% (11.3%) · The result for the period increased by 9% to SEK 81m (SEK 74m) · Earnings per ordinary share amounted to SEK 5.57 (SEK 5.09) · Cash flows from operating activities amounted to SEK 100m (SEK 95m) FIRST NINE MONTHS 2020 · Revenue increased by 24% to SEK 3,450m (SEK 2,787m) · Operating profit was largely unchanged at SEK 263m (SEK 262m) · Operating

    Year-End Report January - December 2019

    Growing aftermarket and contracting services drive earningsFOURTH QUARTER 2019 · Revenue decreased 6% (15% decrease in local currency) to SEK 960m (SEK 1,019m) · Operating profit increased 13% to SEK 95m (SEK 84m) · Operating margin was 9.9% (8.3%) · The result for the period decreased 10% to SEK 57m (SEK 64m) · Earnings per ordinary share amounted to SEK 3.95 (SEK 4.40) · Cash flows from operating activities amounted to SEK 3m (SEK 12m)  JANUARY-DECEMBER 2019 · Revenue increased 16% (9% increase in local currency) to SEK 3,747m (SEK 3,241m) · Operating profit

    Ferronordic signs final agreements to become dealer for Volvo and Renault Trucks in Germany

    Ferronordic and Volvo Group Trucks Germany have entered into agreements to appoint Ferronordic dealer for Volvo and Renault Trucks in an area representing approx. 20% of the German market for heavy trucks. In connection herewith, Ferronordic has also completed the acquisition of eleven sites in Germany. Ferronordic will start operations in Germany in January 2020. The establishment in Germany is financed with loans from Nordea Bank.Lars Corneliusson, Ferronordic’s CEO, comments: “The expansion to Germany is moving ahead as planned. Preparations are almost ready and we look forward to

    Changes in Ferronordic’s management

    Ferronordic has appointed Dan Eliasson as General Counsel and member of the executive management as of 15 January 2020.Dan Eliasson has master degrees in law and business administration from Stockholm University. He has broad legal and commercial experience from both law firm and various businesses. Lately, Dan has worked at Nordea Bank in Moscow as client executive with responsibility for Nordic customers. Dan will be based in Moscow and Stockholm. Ferronordic’s current General Counsel, Henrik Carlborg, also Business Development Director, will be focusing on business development. As

    Ferronordic intends to purchase two additional sites in Germany

    As part of its planned expansion into Germany, Ferronordic intends to purchase two additional sites in Magdeburg and Dessau. The sites are operated by Auto-Haas GmbH (“Auto-Haas”), a dealer for Volvo and Renault Trucks, as well as Volvo Cars. The purchase is expected to be made through an acquisition of Auto-Haas. The purchase price is expected to be approx. SEK 36m*. In 2020, Ferronordic expects the acquired sites to generate a revenue of approx. SEK 265m* with an operating margin of 3-4%.Lars Corneliusson, Ferronordic’s CEO, comments: “We are excited to continue the expansion in Germany,

    Ferronordic intends to expand to Germany as dealer for Volvo Trucks and Renault Trucks

    Ferronordic intends to enter into an agreement with Volvo Group Trucks Germany concerning the appointment of Ferronordic as dealer for Volvo Trucks and Renault Trucks in parts of Germany. Simultaneously, Ferronordic would acquire the operations at nine of Volvo’s sites in Germany. The purchase price is expected to be approx. SEK 250m*, financed with a loan from Nordea Bank. During 2016-2018, the relevant operations generated an annual average revenue of approx. SEK 1,3bn*, compared to Ferronordic’s revenue during the twelve months preceding 30 June 2019 of approx. SEK 3.6 bn. If the

    Ferronordic to invest in component remanufacturing center

    Ferronordic will invest SEK 35m in a center for remanufacturing of engines and gearboxes in Ekaterinburg. The center is expected to open by end of Q1 2020.The investment relates to purchases of machinery, tools and equipment needed for the center. In addition, new engines and gearboxes will be purchased that will be sold to customers through trade-in deals to build an initial inventory of used components. The center will be used for components both from Volvo CE machines and trucks from Volvo and Renault Trucks. The investment is expected to have some negative impact on profitability and

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