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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 Signs Agreement to Purchase Land and Invest in New Service and Sales Hub for Hannover

03/12/2021 | 07:00am EDT

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. The new site, expected to be ready in Third Quarter 2022, will provide Ferronordic with a modern and purpose-built facility in a strategic location in the important Hannover region. The total investment is expected to reach approx. EUR 6.0m (SEK* 61m) over two years. With a population of 1.2 million, the Hannover region is one of the main metropolitan areas and a key transportation centre within Ferronordic’s sales area in Germany. Given the strategic significance of the area, Ferronordic needs a larger and more modern facility in a better location than its current workshop. After evaluating the available options, Ferronordic has decided to build a new service and sales hub in Wunstorf, situated 22 km west of Hannover. Wunstorf is home to a number of logistics companies and is expected to become one of the main transportation hubs of the Hannover region. Ferronordic has signed an agreement to purchase a land plot of 15,000m2 for EUR 1.2m (SEK* 12m), where Ferronordic intends to construct a combined office and workshop building of approx. 2,300m2. The investment will be made during 2021 and 2022 and is expected to reach approx. EUR 6.0m (SEK* 60m).


© S&P Capital IQ 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..
AQ
09/15Ferronordic AB and Sandvik Enter into Distributor Agreements for Germany and Kazakhstan..
CI
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
MT
08/29Ferronordic and Volvo CE agree to terminate dealer agreement for Russia
AQ
08/29Ferronordic and Volvo CE Agree to Terminate Dealer Agreement for Russia
CI
08/25Ferronordic Leases New Site in Germany to Repair, Sell Used Trucks
MT
08/25Ferronordic opens new site for used trucks in Germany
AQ
More news
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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Mean consensus BUY
Number of Analysts 0
Last Close Price 30,50 SEK
Average target price 59,50 SEK
Spread / Average Target 95,1%
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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
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