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    FNM   SE0005468717

FERRONORDIC AB (PUBL)

(FNM)
  Report
Delayed Nasdaq Stockholm  -  11:29 2022-06-23 am EDT
32.55 SEK   +2.04%
05/20Changes in Ferronordic's Management
AQ
05/20Ferronordic AB Announces Resignation of Ceren Wende as Director of Marketing and Communication and Member of Executive Management
CI
05/12Bulletin from Ferronordic's annual general meeting (AGM) 2022
AQ
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Changes in Ferronordic's Management

05/20/2022 | 06:01am EDT

Ceren Wende resigns as Marketing and Communications Director.

Ceren Wende, Director of Marketing and Communication and Member of Ferronordic's Executive Management, has decided to leave Ferronordic to pursue a new opportunity with the Volvo Group. Ceren joined Ferronordic in August 2020.

 

Lars Corneliusson comments: "I want to thank Ceren for her great efforts and contribution to strengthen the marketing and communication function in Ferronordic. We wish her all the best in her new position. As Ceren returns to our main partner, I am sure we will remain in contact."   

 

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About Ferronordic

Ferronordic is a service and sales company in the areas of construction equipment and trucks. It is the dealer of Volvo Construction Equipment, Sandvik Rock Processing Solutions 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. The company also offers contracting services where it owns and operates equipment to carry out works for customers. Ferronordic began its operations in 2010 and now has approx. 100 outlets and approx. 1,800 employees. Ferronordic's vision is to be regarded as the leading service and sales company in its markets. The shares in Ferronordic AB (publ) are listed on Nasdaq Stockholm. http://www.ferronordic.com/

 

 

This information was submitted for publication on 20 May 2022, 12:00 CET.

Contact

For investors, analysts and media:

Erik Danemar, CFO and Head of Investor Relations

+46 73 660 72 31

ir@ferronordic.com

https://news.cision.com/ferronordic-ab/r/changes-in-ferronordic-s-management,c3571414

https://mb.cision.com/Public/1463/3571414/bdd748ad66bfb35a.pdf

(c) 2022 Cision. All rights reserved., source Press Releases - English

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Financials
Sales 2022 5 216 M 515 M 515 M
Net income 2022 135 M 13,4 M 13,4 M
Net Debt 2022 82,1 M 8,11 M 8,11 M
P/E ratio 2022 3,50x
Yield 2022 1,76%
Capitalization 473 M 46,7 M 46,7 M
EV / Sales 2022 0,11x
EV / Sales 2023 0,15x
Nbr of Employees 1 804
Free-Float 47,6%
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Mean consensus HOLD
Number of Analysts 1
Last Close Price 32,55 SEK
Average target price 40,00 SEK
Spread / Average Target 22,9%
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Lars Corneliusson President, Chief Executive Officer & Director
Erik Danemar Chief Financial Officer & Head-IR
Staffan Jufors Chairman
Erik Eberhardson Independent Director
Magnus Brńnnstr÷m Independent Director
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