Press releases

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2023

11
May

2023 07:30 CET

Press Release

Regulatory

Interim report 1 January – 31 March 2023

Milestone reached in Germany

Bulletin from Ferronordic’s Annual General Meeting (AGM) 2023

At Ferronordic’s AGM on 11 May 2023, held at Radisson Blu Strand Hotell, Nybrokajen 9, Stockholm, Thursday 11 May 2023 at 14:00, the shareholders resolved as follows:

Invitation to Ferronordic’s investor presentation 11 May 2023

Ferronordic’s interim report for the first quarter 2023 will be published on 11 May 2023 at 07:30 CET. A presentation of the report will be held the same day at 10:00 CET.

Ferronordic publishes annual and sustainability report for 2022

Ferronordic’s annual and sustainability report for 2022 has been published and is available on the Company’s website at www.ferronordic.com.

Notice of annual general meeting in Ferronordic AB (publ) 2023

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 Thursday 11 May 2023 at 2 p.m.

Changes in Ferronordic’s management

Jonathan Tubb resigns from his position as Deputy Group CFO and Member of the Executive Management Team.

Changes in Ferronordic’s management

Jonathan Tubb appointed Deputy Group CFO and joins the Group Executive Management Team.

Year-end report 1 January – 31 December 2022

Moving forward

Invitation to Ferronordic's investor presentation 17 February 2023

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

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.