Press releases

Ferronordic’s year-end report of 2022 will be published on 17 February 2023 at 07:30 CET. A presentation of the report will be held the same day at 10:00 CET.

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2022

23
Dec

2022 10:00 CET

Press Release

Regulatory

Ferronordic sells its Russian business

Ferronordic has divested its Russian business. The purchase price corresponds to SEK* 1,320m. Approx. SEK 230m of this amount has been used by Ferronordic AB to repay debt to the sold Russian subsidiaries. The remaining part of the purchase price has been received in euro on Ferronordic’s account in Austria. For the Group, the divestment thus entails a cash inflow of approx. SEK 1,090m. Ferronordic’s other operations in Germany and Kazakhstan are not directly affected by the transaction.

Bulletin from Ferronordic’s extraordinary general meeting (EGM) 2022

At Ferronordic’s EGM on 15 December 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 to approve the proposal for incentive program for members of the Group’s executive and extended management teams including issuing of warrants.

Notice of extraordinary general meeting in Ferronordic AB (publ)

The shareholders of Ferronordic AB (publ) (the “Company”) are invited to attend an extraordinary general meeting (“EGM”) to be held on 15 December 2022.

Ferronordic acquires workshop in Peine, Germany

Ferronordic has agreed to acquire a workshop business in Peine, Germany. The acquisition is in line with Ferronordic’s strategy to expand and improve its service network in Germany to take a larger share of the aftermarket business in its sales area. The investment amounts to approx. EUR 0.8m. The transaction is expected to be completed in February 2023.

Interim report 1 January – 30 September 2022

Refocusing resources

Trading in Ferronordic shares resumes on 9 November

Nasdaq Stockholm has announced that it will resume normal trading in Ferronordic shares on the morning of 9 November. Trading in Ferronordic’s shares was halted on Friday, 4 November. As regards the reasons for the suspension of trading, Nasdaq refers to technical problems with a third party. Ferronordic has no further information.

Trading suspension of the Ferronordic share

Nasdaq Stockholm has suspended trading of the Ferronordic share. According to Nasdaq, the suspension has been made for technical reasons. Ferronordic currently does not have further information. Further information will be released once the situation clarifies.

Invitation to Ferronordic’s investor presentation 11 November 2022

Ferronordic’s interim report for the third quarter 2022 will be published on 11 November 2022 at 07:30 CET. A presentation of the report will be held the same day at 10:00 CET.

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.

Interim report 1 January – 31 March 2022

Troubled times

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.

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