Read our latest press releases
Ferronordic and Sandvik enter into distributor agreements for Germany and Kazakhstan and terminate agreements for Russia
Ferronordic has entered into agreements to become distributor for Sandvik mobile crushers and screens in Germany and Kazakhstan. Simultaneously, Ferronordic and Sandvik have terminated their agreements for Russia.
Ferronordic and Volvo CE agree to terminate dealer agreement for Russia
Ferronordic and Volvo CE have agreed to terminate the dealer agreement for Russia. As part of the agreement, Volvo CE will pay SEK 321m to Ferronordic as compensation for incurred and potential costs and losses related to the termination.
Ferronordic opens new site for used trucks in Germany
Ferronordic has entered into a lease agreement for a new site for used trucks in Coswig, Sachsen-Anhalt, Germany.
Interim report 1 January – 30 June 2022
Evaluating strategic options
Invitation to Ferronordic’s investor presentation 17 August 2022
Ferronordic’s interim report for the second quarter 2022 will be published on 17 August 2022 at 07:30 CET. A presentation of the report will be held the same day at 10:00 CET.
Changes in Ferronordic’s Management
Ceren Wende resigns as Marketing and Communications Director.
Bulletin from Ferronordic’s annual general meeting (AGM) 2022
At Ferronordic’s AGM on 12 May 2022, held without physical presence pursuant to the Act on temporary exceptions to facilitate the execution of general meetings in companies and other associations (SFS 2022:121), the shareholders resolved as follows:
Invitation to Ferronordic’s investor presentation 12 May 2022
Ferronordic’s interim report for the first quarter 2022 will be published on 12 May 2022 at 07:30 CET. A presentation of the report will be held the same day at 10:00 CET.
Ferronordic opens new workshop in Bad Hersfeld
Ferronordic has begun operations at a new workshop in Bad Hersfeld, Germany, filling an important gap in its growing network. Ferronordic will invest approximately SEK 3m in 2022 to upgrade the facility.
Notice of annual general meeting in Ferronordic AB (publ)
The shareholders of Ferronordic AB (publ) (the “Company”) are invited to attend the annual general meeting to be held on 12 May 2022.
Ferronordic publishes annual and sustainability reports for 2021
Ferronordic’s annual and sustainability reports for 2021 has been published and is available on the Company’s website at www.ferronordic.com.
Impact of restrictive measures on Ferronordic’s operations in Russia and updated dividend recommendation
The EU, the US and other countries have implemented additional sanctions against Russia, including further export restrictions, the expulsion of selected banks from SWIFT and measures to prevent the Russian Central Bank from using its international reserves. In connection with this, some of our suppliers, most significantly the Volvo Group, have communicated that they temporarily stop the sales of machines, components and spare parts to Russia. Against this backdrop and the uncertain outlook, the Board has changed its dividend recommendation and instead propose that the AGM 2022 decide not to pay a dividend.
Year-end report 1 January – 31 December 2021
Strong growth in sales and profit
Ferronordic orders first battery electric trucks and makes electromobility-related investments into workshop network
Ferronordic has made its first orders for electric trucks in Germany, including 32 fully electric medium duty vehicles from Volvo and Renault Trucks. The trucks will be delivered during Q1 2022. Ferronordic will also make investments to equip its workshop network in Germany to handle electric trucks, including training and installation of charging infrastructure and other equipment.
Ferronordic expands network in Germany by acquiring workshop in Bingen
Ferronordic has acquired Truck Center Krämer GmbH, an authorised Volvo and Renault Trucks workshop in Bingen, Rhineland Pfalz. The acquisition is in line with Ferronordic’s strategy to grow and expand its service network in Germany. The investment amounts to approx. SEK 66m (*EUR 6.4m).
Interim report January – September 2021
Best quarter to date
Invitation to Ferronordic’s investor presentation 12 November 2021
Ferronordic’s interim report for the third quarter of 2021 will be published on 12 November 2021 at 07:30 CET. A presentation of the report will be held the same day at 10:00 CET.
Ferronordic expands cooperation with Sandvik in Russia
Ferronordic has entered into an agreement to become the distributor of Sandvik stationary crushing and screening equipment in Russia. Under the agreement, Ferronordic will be responsible for sales, service and repair of Sandvik’s stationary crushing equipment throughout the country. Over time, Ferronordic expects that sales related to the new products may represent approx. 7% of its revenue in Russia.
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