Q4 2021 Ferronordic AB Earnings Call Transcript
Dear ladies and gentlemen, welcome to the Ferronordic audiocast with teleconference Q4 2021. Today I am pleased to present CEO, Lars Corneliusson; and CFO, Erik Danemar. (Operator Instructions) Speakers, please begin.
Yes, good morning, everybody. This is Lars Corneliusson speaking, and welcome to this presentation of the Q4 2021 report. And if we move in to slide number 2, a summary slide, we start with where we saw strong growth in sales and profit during the quarter.
And for the group, we had a 43% revenue growth to roughly SEK1.7 billion. We saw demand remaining very firm across the line. We have a balance sheet that remains strong and the working capital on low levels. And the board proposes SEK11.5 per share dividend.
In Russia/CIS, we had 31% revenue growth with a greater share of aftermarket and contracting services sales. We saw 37% operating profit growth as the margin improved on product and revenue mix.
In Germany, our truck sales in units actually increased by 70%
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