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    FNM   SE0005468717

FERRONORDIC AB (PUBL)

(FNM)
  Report
Delayed Nasdaq Stockholm  -  11:29 2022-09-23 am EDT
30.50 SEK   -1.61%
09/19FERRONORDIC AB(OM : FNM) dropped from S&P Global BMI Index
CI
09/15Sandvik, Ferronordic Sign New Distribution Deals, Terminate Russia Agreement
MT
09/15Ferronordic and Sandvik enter into distributor agreements for Germany and Kazakhstan and terminate agreements for Russia
AQ
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Ferronordic : Annual report 2020

04/14/2021 | 10:53am EDT

Ferronordic

Annual Report 2020

Annual Report 2020

ABOUT THE ANNUAL REPORT

The annual report describes Ferronordic's operations and financial result for 2020 and includes a corporate governance report and a sustainability report. The statutory annual report comprises pages 42-58 and pages 66-118. The statutory sustainability report according to the Annual Accounts Act can be found on pages 42-58.

Table of contents

  1. This is Ferronordic
  2. The year in brief
  3. CEO comments

6 Background and history

  1. Values, objectives and strategy
  1. The Ferronordic value proposition
  1. Ferronordic as an investment
  1. The Group
  1. Russia/CIS
  1. Germany
  1. Sustainability
  1. Shares and shareholders
  2. Share capital
  1. Board of directors
  1. Management and auditors
  1. Directors' report
  1. Corporate governance report
  1. Consolidated accounts
  1. Parent Company accounts
  1. Notes

119 Auditors report

FERRONORDIC ANNUAL REPORT 2020

This is

Ferronordic

Ferronordic (the "Company" or "the Group") is a service and sales company in the areas of construction equipment and trucks. It is the dealer of Volvo Construction Equipment, Rottne, Mecalac, Dressta and certain other brands in all of Russia. It is the dealer of Volvo Construction Equipment and Mecalac in Kazakhstan. Ferronordic is also an aftermarket partner to Volvo Trucks and Renault Trucks in parts of Russia and the dealer for Volvo Trucks and Renault Trucks in a 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 more than 90 outlets and about 1,500 employees. Ferronordic's vision is to be regarded as the leading service and sales company in its markets. Its mission is to support sustainable growth and leadership for its customers. The shares in Ferronordic AB (publ) are listed on Nasdaq Stockholm since 2017.

3

Multiple

1,469

96

SEK 4,635m

7.1%

10

Operating

Markets

brands

Employees

Outlets

Revenue

Years

margin

Ferronordic

Founded in 2010

10%

Approx. 1,500 employees

Listed on Nasdaq Stockholm in 2017

Head office in Stockholm, Sweden

25%

Russia/CIS

· Dealer of Volvo Construction Equipment, Dressta,

Rottne and Mecalac

7%

· Aftermarket dealer for Volvo Trucks, Renault Trucks and

Terex in parts of Russia

10%

· Sales of new and used construction equipment

· Service and technical support

· Sales of used trucks

· Rental business

· Growing contracting services business

21%

  • Machine and component rebuild centre
  • CIS markets currently include Russia and Kazakhstan

Germany

  • Dealer of Volvo and Renault Trucks in parts of Germany from January 2020
  • Sales of new and used trucks
  • Rental business
  • Service and technical support

2%

Revenue by Activity (2020)

63%

Equipment and Truck Sales 63%

Aftermarket Sales 25%

Contracting Services 10%

Other Revenue 2%

4%

Revenue by Industry Russia/CIS (2020)

37%

General Construction & Other 37%

Road Construction 21%

Mining 21%

Forestry 10%

Quarries & Aggregates 7%

21%

Oil & Gas 4%

21%

Revenue by Geographical

Segment (2020)

Russia/CIS 79%

Germany 21%

79%

2 FERRONORDIC ANNUAL REPORT 2020

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Ferronordic Machines AB published this content on 14 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 April 2021 14:52:01 UTC.


© Publicnow 2021
All news about FERRONORDIC AB (PUBL)
09/19FERRONORDIC AB(OM : FNM) dropped from S&P Global BMI Index
CI
09/15Sandvik, Ferronordic Sign New Distribution Deals, Terminate Russia Agreement
MT
09/15Ferronordic and Sandvik enter into distributor agreements for Germany and Kazakhstan an..
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08/30Ferronordic and Volvo Construction Equipment Terminate Dealer Agreement in Russia
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08/30Volvo Group Unit, Ferronordic End Dealer Agreement in Russia
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08/29Ferronordic and Volvo CE agree to terminate dealer agreement for Russia
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08/25Ferronordic Leases New Site in Germany to Repair, Sell Used Trucks
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Financials
Sales 2022 5 947 M 528 M 528 M
Net income 2022 137 M 12,2 M 12,2 M
Net Debt 2022 405 M 36,0 M 36,0 M
P/E ratio 2022 3,38x
Yield 2022 2,33%
Capitalization 443 M 39,4 M 39,4 M
EV / Sales 2022 0,14x
EV / Sales 2023 0,14x
Nbr of Employees 1 818
Free-Float 63,6%
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Number of Analysts 0
Last Close Price 30,50 SEK
Average target price 59,50 SEK
Spread / Average Target 95,1%
EPS Revisions
Managers and Directors
Lars Corneliusson President, Chief Executive Officer & Director
Erik Danemar Chief Financial Officer & Head-IR
Staffan Jufors Chairman
Erik Eberhardson Independent Director
Annette Brodin Rampe Independent Director
Sector and Competitors