Bifogade filer
Kurs & Likviditet
Kalender
2025-02-20 | Bokslutskommuniké 2024 |
2024-11-14 | Kvartalsrapport 2024-Q3 |
2024-08-15 | Kvartalsrapport 2024-Q2 |
2024-05-17 | X-dag ordinarie utdelning FNM 0.00 SEK |
2024-05-16 | Kvartalsrapport 2024-Q1 |
2024-05-16 | Årsstämma |
2024-02-22 | Bokslutskommuniké 2023 |
2023-11-16 | Kvartalsrapport 2023-Q3 |
2023-08-17 | Kvartalsrapport 2023-Q2 |
2023-05-12 | X-dag ordinarie utdelning FNM 7.50 SEK |
2023-05-11 | Årsstämma |
2023-05-11 | Kvartalsrapport 2023-Q1 |
2023-02-17 | Bokslutskommuniké 2022 |
2022-12-15 | Extra Bolagsstämma 2022 |
2022-11-11 | Kvartalsrapport 2022-Q3 |
2022-08-17 | Kvartalsrapport 2022-Q2 |
2022-05-12 | X-dag ordinarie utdelning FNM 0.00 SEK |
2022-05-12 | Kvartalsrapport 2022-Q1 |
2022-05-12 | Årsstämma |
2022-02-18 | Bokslutskommuniké 2021 |
2021-11-12 | Kvartalsrapport 2021-Q3 |
2021-08-12 | Kvartalsrapport 2021-Q2 |
2021-05-14 | X-dag ordinarie utdelning FNM 7.50 SEK |
2021-05-13 | Kvartalsrapport 2021-Q1 |
2021-05-12 | Årsstämma |
2021-02-19 | Bokslutskommuniké 2020 |
2020-11-12 | Kvartalsrapport 2020-Q3 |
2020-11-06 | X-dag ordinarie utdelning FNM 4.25 SEK |
2020-11-05 | Extra Bolagsstämma 2020 |
2020-08-13 | Kvartalsrapport 2020-Q2 |
2020-06-25 | Årsstämma |
2020-05-13 | Kvartalsrapport 2020-Q1 |
2020-02-20 | Bokslutskommuniké 2019 |
2019-11-22 | Kvartalsrapport 2019-Q3 |
2019-08-15 | Kvartalsrapport 2019-Q2 |
2019-05-15 | X-dag ordinarie utdelning FNM 3.75 SEK |
2019-05-15 | X-dag bonusutdelning FNM 3.75 |
2019-05-14 | Kvartalsrapport 2019-Q1 |
2019-05-14 | Årsstämma |
2019-02-15 | Bokslutskommuniké 2018 |
2018-11-09 | Kvartalsrapport 2018-Q3 |
2018-08-10 | Kvartalsrapport 2018-Q2 |
2018-05-21 | X-dag ordinarie utdelning FNM 1.73 SEK |
2018-04-30 | X-dag halvårsutdelning FNMA PREF 60.4 |
2018-04-27 | Kvartalsrapport 2018-Q1 |
2018-04-27 | Årsstämma |
2018-02-22 | Bokslutskommuniké 2017 |
2017-11-28 | Kvartalsrapport 2017-Q3 |
2017-10-24 | X-dag halvårsutdelning FNMA PREF 60 |
2017-08-23 | Kvartalsrapport 2017-Q2 |
2017-05-19 | Årsstämma |
2017-05-19 | Kvartalsrapport 2017-Q1 |
2017-04-24 | X-dag halvårsutdelning FNMA PREF 55 |
2017-03-22 | Extra Bolagsstämma 2017 |
2017-02-20 | Bokslutskommuniké 2016 |
2016-11-23 | Kvartalsrapport 2016-Q3 |
2016-10-24 | X-dag halvårsutdelning FNMA PREF 55 |
2016-08-22 | Kvartalsrapport 2016-Q2 |
2016-05-19 | Årsstämma |
2016-05-19 | Kvartalsrapport 2016-Q1 |
2016-04-22 | X-dag halvårsutdelning FNMA PREF 50 |
2016-04-04 | Extra Bolagsstämma 2016 |
2016-02-22 | Bokslutskommuniké 2015 |
2015-11-24 | Kvartalsrapport 2015-Q3 |
2015-10-22 | X-dag halvårsutdelning FNMA PREF 50 |
2015-08-25 | Kvartalsrapport 2015-Q2 |
2015-05-19 | Kvartalsrapport 2015-Q1 |
2015-05-19 | Årsstämma |
2015-04-23 | X-dag halvårsutdelning FNMA PREF 50 |
2015-02-20 | Bokslutskommuniké 2014 |
2014-11-17 | Kvartalsrapport 2014-Q3 |
2014-10-23 | X-dag halvårsutdelning FNMA PREF 50 |
2014-08-07 | Kvartalsrapport 2014-Q2 |
2014-05-20 | Årsstämma |
2014-05-07 | Kvartalsrapport 2014-Q1 |
2014-04-23 | X-dag halvårsutdelning FNMA PREF 50 |
2014-02-01 | Bokslutskommuniké 2013 |
2013-12-18 | Extra Bolagsstämma 2013 |
2013-11-01 | Kvartalsrapport 2013-Q3 |
2013-08-01 | Kvartalsrapport 2013-Q2 |
2013-05-01 | Kvartalsrapport 2013-Q1 |
Beskrivning
Land | Sverige |
---|---|
Lista | Small Cap Stockholm |
Sektor | Industri |
Industri | Handel & distribution |
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 the Group's revenue, while Germany and Kazakhstan made up 34% and 4% respectively. On 30 June, the US business made up 60% of the Group's assets, while Germany and Kazakhstan made up 32% and 5% respectively. Ferronordic sees opportunities for profitable growth in its core markets.
Ferronordic's new financial objectives reflect Ferronordic's current business position and strategic direction in 2024-2029 on an organic[1] basis:- Double the 2024[2] revenue in its current markets by 2029
- Operating margin above 6%
- Net debt/EBITDA below 3 times (over a business cycle)
- Leadership in the market for construction equipment and trucks
- Geographic expansion
- Expansion into related business areas
- Development of sustainable transport services
- Industry leading digital service and sales platforms
- Aftermarket absorption[3] rate of at least 1.0 x
The Board has also reviewed Ferronordic's dividend policy. According to the new policy, the ambition for the Company should be to pay at least 50% of net income if net debt/EBITDA is less than 1.0, post dividend payment, and to pay at least 25% if net debt/EBITDA is more than 1.0. The Board will take several factors into account when proposing the level of dividend including legal requirements, the articles of association, the group's expansion opportunities, its financial position and other investment needs.
1. Ferronordic's 6M 2024 revenue x 2 is used as a base for growth
2. Current markets are defined as Ferronordic's current (Q2 2024) sales area in the US, Germany and Kazakhstan. They include expansion to other brands and products and expansion of our network in and directly adjacent to our current area
3. Percentage of fixed costs covered by gross profit from the aftermarket business
_______________________________
This information is information that Ferronordic AB (publ) is obliged to disclose pursuant to the EU Market Abuse Regulation and the Swedish Securities Market Act (2007:528). The information was submitted for publication on 1 October 2024, 19:15 CET.
For investors, analysts and media:
Erik Danemar, CFO and Head of Investor Relations
+46 73 660 72 31
ir@ferronordic.com