Press releases

Read our latest press releases

2015

2015 02:36 CET

Interim report January to March 2015

Ferronordic Machines is the authorized dealer of Volvo Construction Equipment and Terex Trucks in Russia. The company began its operations in June 2010 and has expanded rapidly across Russia and is today well established in all federal districts with over 70 outlets and approximately 700 employees

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2015 02:36 CET

Dividend on preference shares

Having regard to the current economic situation in Russia and the uncertain effect this may have during the year on Ferronordic Machines’ cash position and working capital requirements, the board is of the opinion that it would not be prudent to make a resolution already at the AGM on 19 May 2015 to pay dividends on the company’s preference shares when the record dates for the dividend payments do not occur until October 2015 and April 2016

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2015 02:36 CET

Ferronordic Machines AB publishes 2014 annual report and gives notice to attend the Annual General Meeting on 20 May 2015

The shareholders of Ferronordic Machines AB (publ) are invited to attend the Annual General Meeting to be held at 2 pm (CET) on Tuesday 19 May 2015 at Radisson Blu Strand Hotel, Stockholm. Registration for the Annual General Meeting begins 1.30 pm

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2015 02:36 CET

Year-end Report January - December 2014

2014 has been an exceptionally challenging period for Ferronordic Machines and our industry, in particular the fourth quarter. The negative effects of the crisis in Ukraine and the related sanctions are becoming increasingly noticeable

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2014

2014 02:36 CET

Interim Report Jan-Sep 2014

Ferronordic Machines is the authorized dealer of Volvo Construction Equipment in Russia. The company began its operations in June 2010 and has expanded rapidly across Russia and is today well established in all federal districts with over 70 outlets and over 750 employees

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2014 02:36 CET

Changes to Volvo Construction Equipment’s product line

Earlier today the Volvo Group announced that it has decided to discontinue development and production of its current product line of Volvo-branded backhoe loaders and motor graders in Europe and Americas and transfer these operations to its Chinese company SDLG

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2014 02:36 CET

Tom Jörning resigns as board member

The board member Tom Jörning has at his own request chosen to resign from Ferronordic Machines’ board of directors due to new obligations within Volvo Group

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2014 02:36 CET

Ferronordic Machines AB Interim Report January to June 2014

Ferronordic Machines is the authorized dealer of Volvo Construction Equipment in Russia. The company began its operations in June 2010 and has expanded rapidly across Russia and is today well established in all federal districts with over 70 outlets and over 750 employees

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2014 02:36 CET

Ferronordic Machines AB: Annual General Meeting 2014

The annual general meeting of Ferronordic Machines AB (publ) was held on 20 May 2014 at Radisson Blu Strand Hotel, Stockholm

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2014 02:36 CET

Interim Report January – March 2014

Ferronordic Machines is the authorized dealer of Volvo Construction Equipment in Russia. The company began its operations in June 2010 and has expanded rapidly across Russia and is today well established in all federal districts with over 70 outlets and over 700 employees

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2014 02:36 CET

Ferronordic Machines AB publishes 2013 annual report and announces new financial targets

Ferronordic Machines has today published its annual report for 2013. In connection with the publication of the annual report, new financial targets are announced

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2014 02:36 CET

Ferronordic Machines AB: Notice to attend Ferronordic Machines’ Annual General Meeting on 20 May 2014

The shareholders of Ferronordic Machines AB (publ) are invited to attend the Annual General Meeting to be held at 2 pm (CET) on Tuesday 20 May 2014 at Radisson Blu Strand Hotel, Stockholm. Registration for the Annual General Meeting begins 1.30 pm

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2014 02:36 CET

Year-end Report January – December 2013

During 2013 Ferronordic Machines generated all-time high revenue of EUR 286.6m. Compared to 2012 this represents a 4% revenue increase in reporting currency and a 10% revenue increase in ruble terms

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2013

2013 02:36 CET

Secondary offering of preference shares in Ferronordic Machines completed and oversubscribed

The secondary offering of preference shares in Ferronordic Machines AB (publ) has been completed. The demand for the preference shares has been very strong and the offering was oversubscribed. The offering comprised 7,000 preference shares in total

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2013 02:36 CET

Ferronordic Machines’ preference shares to be listed on NASDAQ OMX First North Premier

In October 2013 Ferronordic Machines AB (publ) (“Ferronordic Machines”) raised SEK 500 million by issuing 500,000 preference shares. Due to strong demand the issue was upsized from SEK 400 million to the maximum amount of SEK 500 million.

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2013 02:36 CET

Interim Report January – September 2013

The market for new construction equipment in Russia was close to flat in Q3 2013 compared to the same period in 2012. The Company, however, managed to increase EBITDA from EUR 3.9m to EUR 5.4m and gross margin from 14.2% to 16.9% compared to the same period in 2012

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2013 02:36 CET

Notice regarding early redemption of bonds 2011/2014

On 28 June 2011, Ferronordic Machines AB (publ) (the “Company”) issued 400 bonds, series no. 1, ISIN SE0004020766 (the “Bonds”), each in an amount of SEK 1 million, amounting to a total of SEK 400 million

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2013 02:36 CET

Ferronordic Machines’ issue of preference shares oversubscribed and upsized following strong demand

The shortened application period for Ferronordic Machines AB’s (publ) (“Ferronordic Machines” or the “Company”) preference share issue has expired. The initial issue size of SEK 400 million has been increased to the maximum issue size of SEK 500 million following strong demand

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2013 02:36 CET

The application period in the on-going preference share offering is shortened due to strong demand

The Board of Directors of Ferronordic Machines AB (publ) (“the Company”) has, in consultation with Carnegie Investment Bank AB, decided to shorten the application period in the on-going offering of preference shares (“the Offering”)

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2013 02:36 CET

Ferronordic Machines AB announces preference share issue

"Since the start of Ferronordic Machines" operations in 2010 our sales, profits and number of outlets have developed strongly. With further interesting growth opportunities ahead that are in line with our strategy, the shareholders of the Company decided earlier today to issue preference shares in order to give investors the opportunity to be part of our continued journey and, at the same time, improve our financial flexibility

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Press contact

We are Ferronordic

Erik Danemar

Group CFO and Head of Investor Relations

+46 73 660 72 31
ir@ferronordic.com

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