Press releases

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2021

2021 15:00 CET

Bulletin from Ferronordic’s annual general meeting (AGM) 2021

It was resolved to pay dividends of SEK 7.50 per share. The record day for receiving the dividend is 17 May 2021. Payment should be made around 20 May 2021

Interim Report January - March 2021

The first quarter of 2021 was another solid quarter, characterised by strong equipment sales in Russia/CIS, improving aftermarket sales in Germany and good profitability. In Russia/CIS, our new machine sales in units increased by 31% in a market that grew by 26%

Ferronordic renews and expands credit facility with Nordea Bank

Ferronordic and Nordea Bank have agreed on a credit facility, consisting of a EUR 40m revolving credit facility and a EUR 30m term loan

Invitation to Ferronordic’s investor presentation 12 May 2021

Ferronordic’s interim report for the first quarter of 2021 will be published on 12 May 2021 at 07:30 CET. A presentation of the report will be held the same day at 10:00 CET

Ferronordic publishes annual report for 2020

Ferronordic’s annual report for 2020 has been published and is available on the Company’s website at www.ferronordic.com

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 2021.

Ferronordic signs agreement to purchase land and invest in new service and sales hub for Hannover

Ferronordic has signed an agreement to purchase a 15,500 m² land plot to build a new service and sales hub for the Hannover region

Ferronordic grows network in Germany with the addition of workshop in Limburg

Ferronordic has signed an agreement to acquire Thomas Nutzfarzeuge GmbH and the related real estate (“Thomas”)

Ferronordic becomes distributor for Sandvik mobile crushers and screens in Russia

Ferronordic has entered into an agreement to become the distributor of Sandvik mobile crushing and screening equipment in all of Russia. Under the agreement, Ferronordic is responsible for sales, service and repair of Sandvik mobile crushing and screening equipment throughout the country. Over time, Ferronordic expects that sales related to the new products may represent up to 5% of its revenue in Russia

Ferronordic updates its financial objectives and dividend policy

The Board has also decided on a new dividend policy, according to which the ambition should be to pay at least 50% of net income if net debt/EBITDA is less than 1.0 x, post dividend payment, and to pay at least 25% if net debt/EBITDA is more than 1.0 x

Press Release - Ferronordic Year-end report January - December 2020

In a year of unprecedented challenges, I am very proud of how our people responded and performed. In 2020, Russia/CIS delivered record net income and cash flow while we launched and started to build our business in Germany

Year-end Report January - December 2020

In a year of unprecedented challenges, I am very proud of how our people responed and performed. In 2020, Russia/CIS delivered record net income and cash flow while we launched and started to build our business in Germany.

Invitation to Ferronordic’s investor presentation 19 February 2021

Ferronordic’s year-end report for 2020 will be published on 19 February 2021 at 07:30 CET. A presentation of the report will be held the same day at 10:00 CET

Press Release - Ferronordic expands network in Germany with acquisition of workshop in Nordhausen

Ferronordic has signed an agreement to purchase the business of Bus und Truck Service GmbH, an authorised Volvo and Renault Trucks workshop in Nordhausen in central Germany

Ferronordic appoints Managing Director for Germany

Ferronordic has appointed Martin Bauknecht Managing Director of the German business and new member of the Group Management Team, effective 3 February 2021

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2020

28
Dec

2020 12:35 CET

Press Release

Ferronordic expands network in Germany with the addition of new workshop in Fulda

Ferronordic has signed an agreement to acquire Truck Center Röhn GmbH (”TCR”), an authorized Volvo and Renault Trucks workshop in Fulda, Hessen. The acquisition is in line with Ferronordic’s strategy to expand and improve its service network in Germany

Press Release - Ferronordic interim report January - September 2020

Q3 2020 was another quarter where our organization delivered a very strong result. Despite continued uncertainty related to COVID-19, we achieved our best net profit to date

Bulletin from Ferronordic’s extraordinary general meeting (EGM) 2020

Ferronordic is a service and sales company in the areas of construction equipment and trucks. It is the dealer of Volvo Construction Equipment and certain other brands in all of Russia and Kazakhstan, aftermarket partner of Volvo Trucks and Renault Trucks in part of Russia, and dealer of Volvo Trucks and Renault Trucks in part of Germany

Invitation to Ferronordic's investor presentation 12 November 2020

Ferronordic’s interim report for the third quarter of 2020 will be published on 12 November 2020 at 07:30 CET. A presentation of the report will be held the same day at 10:00 CET