Ferronordic Machines AB publishes 2013 annual report and announces new financial targets
Press release Stockholm, Sweden, 16 April 2014Ferronordic Machines has today published its annual report for 2013. In connection with the publication of the annual report, new financial targets are announced. In the annual report, Lars Corneliusson, President and CEO of Ferronordic Machines, is stating the following: “During 2013 Ferronordic Machines generated all-time high revenue of EUR 286.6 million. Compared to 2012 this represents a 4% increase in reporting currency and a 10% increase in rubles. EBITDA for 2013 was EUR 18.8 million excluding one-off expenses, an increase of 40%