Quality. Respect. Excellence.

Vision, Objectives & Strategy

The vision of Ferronordic is to be the leading service and sales company in all of our markets.

Our mission is to support the growth and industry leadership of our customers.

Our values--quality, respect and excellence--is integral to how we achieve success which we measure by satisfied customers, verifiable results and the innovativeness of our solutions.

Our Value Pyramid

Our Value Pyramid

Our Strategic Cornerstones

Our Strategic Cornerstones

Our Strategic Objectives

Leadership within the market for construction equipment and trucks
Expansion into related business areas
Aftermarket absorption rate of at least 1.0 x
Geographical expansion
Further development of contracting services

Our Financial Objectives

 KPI   Objective   Q2 2020 LTM 
 
Revenue
  Triple 2016 revenue in Russia/CIS 2016   2.2 x 2016 revenue
 Operating margin    6-8%   8.5%
 Net Debt/ EBITDA   0-2 x  0.4 x
 
Dividend Policy
  • Ambition to distribute at leasdt 25% of the result to shareholders
  • Board takes several factors into consideration when proposing the dividend level, including expansion opportunities, financial position and investment needs