Press releases

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2024

14
Nov

2024 07:30 CET

Press Release

Regulatory

Interim report 1 January – 30 September 2024

Q3 2024: Strong performance in the US

Invitation to Ferronordic’s investor presentation 14 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 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.

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.

Interim report 1 January – 30 June 2024

Q2 2024: Continued strength in the US

Ferronordic’s Capital Markets Day on 2 October 2024

Ferronordic plans to hold a Capital Markets Day in Stockholm, Sweden, on 2 October 2024.

Interim report 1 January – 31 March 2024

Q1 2024: A strong start in the US

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:

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.

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.

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/

Year-end report 1 January – 31 December 2023

Q4 2023: A restart

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.

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2023

30
Nov

2023 17:30 CET

Press Release

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.

Interim report 1 January – 30 September 2023

Q3 2023: Weak operationally. Key strategically.

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 rented by Rudd.

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.

Interim report 1 January – 30 June 2023

Continued focus forward

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 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.

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