Ferronordic AB (OSTO:FNM)

kr 83.5 -0.5 (-0.6%) Market Cap: 1.21 Bil Enterprise Value: 2.76 Bil PE Ratio: 0 PB Ratio: 0.72 GF Score: 32/100

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kr45.85 (+18.32%)

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Feb 18, 2022

kr214.5 (+0.23%)

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Q3 2021 Ferronordic AB Earnings Call Transcript
Nov 12, 2021

kr345 (+11.29%)

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Q2 2021 Ferronordic AB Earnings Call Transcript
Aug 12, 2021

kr285.5 (+14.66%)

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Q1 2021 Ferronordic AB Earnings Call Transcript
May 12, 2021

kr242 (+7.80%)

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Q3 2020 Ferronordic AB Earnings Call Transcript
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Q2 2020 Ferronordic AB Earnings Call Transcript
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Q3 2021 Ferronordic AB Earnings Call Transcript

Nov 12, 2021 / 09:00AM GMT

Release Date Price: kr345 (+11.29%)

Transcript

Operator

Ladies and gentlemen, welcome to the Ferronordic Q3 2021 report. Today, I am pleased to present CFO, Erik Danemar; and CEO, Lars Corneliusson. (Operator Instructions)

Speakers, please begin.

Lars Corneliusson

Ferronordic AB - CEO & President

All right. Good morning, everybody, and thank you for listening in to this report on our third-quarter 2021. This is Lars Corneliusson speaking.

And if we head on straight into slide 2, we're very pleased that we can report our yet another best quarter to date. We had 47% revenue growth for the group. Demand continues to be strong. We had strong operating cash flows as working capital remains low.

In Russia/CIS, our own equipment sales in units increased by 5% as the market grew by 40%. However, we had a 48% revenue growth, which was supported by -- and we're seeing product mix with higher average prices and good growth in contracting services.

In Germany, in our sales area, the truck market actually declined. However, we increased our truck sales in units by 25%. And we saw, also

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