Ferronordic
Industrial Machinery & Equipment · Sweden · 201-500 Employees
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Overview
Headquarters
Nybrogatan 6, Stockholm, Stockholm, 114 ...Phone Number
+46 850907280Website
www.ferronordic.comRevenue
$242.3 MillionStock Symbol
AA4.FIndustry
ZI Rank: 1
Signal Type
Mar
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ZI Rank
1
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About Ferronordic
Ferronordic is a service and sales company specializing in construction equipment and trucks, operating as a dealer for brands such as Volvo CE, Hitachi, and Sandvik across the USA, Germany, and Kazakhstan. With a network of 40 workshops, they provide professional services and solutions tailored to their clients' needs. The company prides itself on the diverse experience of its teams and their commitment to exceptional customer service. Their intended clients include businesses in the construction and transportation sectors seeking reliable equipment and support.Explore more
Ferronordic Org Chart
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Activity Insights
Ferronordic is experiencing very low activity levels compared to other companies in the Manufacturing sector.
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Ferronordic is drawing exceptional interest within the Manufacturing industry, suggesting notable developments or strong market momentum, learn more about Ferronordic.
Ferronordic Tech Stack
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Most Recent Scoops
Earnings
Ferronordic has reported that its Q2 consolidated revenue of SEK 1.6 billion reflects a segment mix of approximately 62% US, 35% Germany, and 3% Kazakhstan, with a business area mix of 62% equipment and truck sales, 31% aftermarket, and 7% rental, compared to 49%, 41%, and 9% respectively in the prior year period. The shift in mix reflects particularly strong equipment sales in the US and truck deliveries in Germany during the quarter.
Earnings, Finance
Earnings
Ferronordic has reported Germany segment truck deliveries of 267 units in Q2, up 52% in euro compared to 100 units in Q1, with aftermarket sales up 9% in euro and gross profit increasing 17% to EUR 59 million, despite gross margin declining to 10.9% from 13.7% due to a higher truck share in the revenue mix. Operating profit totaled EUR 8 million compared to -EUR 13 million in Q2 of the prior year, while SG&A fell 14% year-on-year reflecting cost reductions implemented during 2025.
Earnings, Automotive, Finance
Earnings
Ferronordic has reported Q2 SG&A of SEK 177 million, down 2% year-on-year despite revenue growth, representing 11.4% of revenue, with operating profit of SEK 68 million at a 4.3% margin compared to a negative margin of 0.4% in the prior year period. Net profit of SEK 45 million was supported by lower net interest costs and a SEK 17 million foreign exchange gain.
Earnings, Accounting, Financial Reporting, Finance
Earnings
Ferronordic has reported US segment sales up 53% in US dollars for Q2, with equipment sales up 89%, aftermarket up 22%, and rental up 15%, driven primarily by strong articulated hauler demand tied to data center construction and infrastructure activity. Gross margin in the US increased to 18.2% from 17.3% the prior year, operating profit more than doubled to SEK 74 million from SEK 26 million, and EBITDA grew 74% in US dollars.
Earnings, Finance
Earnings
Earnings, Finance
Ferronordic News & Media
Invitation to Ferronordic’s investor presentation14 November 2024
Ferronordic’s interim report for the third quarter 2024 will be published on 14 November 2024 at 07:30 CET. A presentation of the report will be held the same day at 10:00 CET. Ferronordic’s interim report for the third quarter 2024 will be published on 14 November 2024 at 07.30 CET and will be accessible at www.ferronordic.com. Ferronordic invites investors, analysts and the media to a presentation where Lars Corneliusson, CEO, and Erik Danemar, CFO, will comment on the report.Ferronordic decides on new financial objectives and dividend policy
Ferronordic has decided on new financial objectives and dividend policy for the Group. The new financial objectives take into consideration the long-term potential for growth, profitability and cash flows in Ferronordic’s current business profile, including its expansion to the US. In November 2023, Ferronordic acquired Rudd Equipment Company in the US. The acquisition significantly shifted the profile of Ferronordic’s business and balance sheet. In 6M 2024, the US business contributed 62% of thInvitation to Ferronordic’s Capital Markets Day on 2 October 2024
Ferronordic will hold a Capital Markets Day on October 2, 2024, at 13:00 CET. During the day, the management will present the company’s strategic direction and financial objectives, and answer questions. Ferronordic invites investors, analysts and other stakeholders. It will be possible to participate on site or via webcast. On site availability is limited and places will be allocated on a first-come, first-served basis. The presentation will be held in English and will be followedInterim report 1 January – 30 June 2024
Q2 2024: Continued strength in the US SECOND QUARTER 2024 · Revenue increased by 62% to SEK 1,095m (674) · Operating profit increased by 63% to SEK -4m (-10) · Operating margin increased to -0.3% (-1.5) · The result for the period decreased by -226% to SEK -81m (64) · Basic earnings per share[1] amounted to SEK -5.56 (4.41) · Cash flows from operating activities amounted to SEK 270m (40) JANUARY - JUNE 2024 · Revenue increased by
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Ferronordic is a service and sales company specializing in construction equipment and trucks, operating as a dealer for brands such as Volvo CE, Hitachi, and Sandvik across the USA, Germany, and Kazakhstan. With a network of 40 workshops, they provide professional services and solutions tailored to their clients' needs. The company prides itself on... Read More
