Press releases

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2019

2019 07:00 CET

Press Release - Bulletin from Ferronordic's annual general meeting

Ordinary dividend and extraordinary dividend of SEK 3.75 per share each, i.e. in total SEK 7.50 per share, were approved. Record data for the dividend is 16 May 2019

Ferronordic to invest in component remanufacturing center

Ferronordic will invest SEK 35m in a center for remanufacturing of engines and gearboxes in Ekaterinburg. The center is expected to open by end of Q1 2020. The investment relates to purchases of machinery, tools and equipment needed for the center

Invitation to Ferronordic’s investor presentation 14 May 2019

Ferronordic’s report for Q1 2019 is published on 14 May 2019 at 07:30 CET. A presentation of the report will be held the same day at 10:00 CET

Press Release - Erik Danemar becomes new CFO and Investor Relations Director in Ferronordic

Ferronordic has appointed Erik Danemar new Chief Financial Officer and Investor Relations Director and member of Group Management effective from 31 May 2019

Press Release - Notice to attend Ferronordic's annual general meeting on 14 May 2019

Shareholders in Ferronordic Machines AB (publ) are invited to attend the annual general meeting of shareholders at Radisson Blu Strand Hotel, Nybrokajen 9, Stockholm, on Tuesday 14 May 2019 at 2 p.m. Registration begins at 1:30 p.m

Press Release - Ferronordic's annual report for 2018 published

Ferronordic is the authorized dealer of Volvo Construction Equipment, Terex Trucks, Dressta, Mecalac and Rottne in Russia, and for Volvo Construction Equipment and Mecalac in Kazakhstan. In parts of Russia, Ferronordic has also been appointed aftermarket dealer for Volvo and Renault Trucks and dealer for Volvo Penta

Press Release - Ferronordic Machines AB Year-end Report January - December 2018

Lars Corneliusson, CEO Ferronordic, comments: "The fourth quarter was our strongest quarter ever in terms of both revenue and earnings. Revenue increased by 68% compared to the same period in 2017 and was 25% higher than during our second-best quarter

Press release Ferronordic Machines Investor Presentation 15 February 2019

Ferronordic will publish its Year-end report for 2018 on 15 February at 07.30 a.m. CET. A presentation of the report will be held the same day at 09:30 a.m. CET

Ferronordic becomes dealer for Mecalac in Kazakhstan

Ferronordic is the dealer for Mecalac backhoe loaders in Russia since August 2017. Ferronordic and Mecalac have now agreed to amend their dealer agreement to also include Kazakhstan

Press Release - Ferronordic becomes importer of Volvo CE products to Russia

Ferronordic and Volvo Construction Equipment (Volvo CE) have agreed that Ferronordic shall take over the responsibility for the importation of Volvo CE machines and spare parts to Russia. Currently this is handled by AO Volvo Vostok, the Volvo Group’s operating entity in Russia

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2018

Press Release - Ferronordic expands beyond Russia

Ferronordic has entered into an agreement with Volvo Construction Equipment (Volvo CE) to become the authorized dealer of Volvo CE in Kazakhstan. The agreement becomes effective on 14 January 2019

Press release - change in Ferronordic's management

Ferronordic’s CFO, Anders Blomqvist, has informed that he intends to leave his position in the company. Anders Blomqvist has been engaged in Ferronordic since the company was founded in 2010. After almost ten years with the company he has decided to look for new challenges

Ferronordic continues to grow – now over 1,000 employees

Ferronordic continues to expand its business and in December 2018 the number of employees exceeded 1,000 people. Over 875 of these employees are directly involved in sales of equipment, aftermarket service and contracting services

Invitation to Ferronordic’s investor presentation on 9 November 2018

Ferronordic will publish its Q3 report for 2018 on 9 November at 07.30 a.m. CET. A presentation of the report will be held the same day at 10.00 a.m. CET

Press Release Ferronordic signs new agreements for Contracting Services

Ferronordic has signed the largest Contracting Services agreement so far in the company’s history. The project is made for the Russian mining company GV Gold and will last for three years, starting during the fourth quarter 2018

Press Release Ferronordic Machines AB Interim Report January - September 2018

Lars Corneliusson, CEO Ferronordic, comments: "The third quarter was another very strong quarter for Ferronordic. Revenue was close to all time high for a single quarter and earnings were higher than ever. Operating profit reached SEK 80m which was 17% higher than the second quarter this year – our previously best quarter in terms of earnings

Ferronordic Machines AB (publ) Interim Report January - June 2018

Lars Corneliusson, CEO Ferronordic, comments: "The second quarter was the strongest quarter so far in Ferronordic's history, with revenue of SEK 817m and operating profit of SEK 68m

Press Release Ferronordic Investor Presentation 10 August 2018

An investor presentation will be held by phone on 10 August at 10:00 a.m. CET. Ferronordic will be represented by CEO Lars Corneliusson and CFO Anders Blomqvist

Capital markets day, 12 June 2018: Ferronordic presents its work with digitalization, employees and compliance

Lars Corneliusson, CEO, starts the day with a general overview of the Russian market, the company’s operations and its aftermarket focus. Anders Blomqvist, CFO, describes the company’s financial targets, efficient use of capital and profitability development

Press release - Redemption of preference shares

In accordance with its previously announced intention, the board of Ferronordic Machines AB (publ) (“Ferronordic” or the “company”) has decided to reduce the company’s share capital by approx

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