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: 30/100

Q4 2023 Ferronordic AB Earnings Call Transcript
Feb 22, 2024

kr68.1 (-3.54%)

Earnings
Q2 2023 Ferronordic AB Earnings Call Transcript
Aug 17, 2023

kr69.1 (-5.34%)

Earnings
Q1 2023 Ferronordic AB Earnings Call Transcript
May 11, 2023

kr92 (-2.13%)

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Q4 2022 Ferronordic AB Earnings Call Transcript
Feb 17, 2023

kr86.1 (+2.50%)

Earnings
Q3 2022 Ferronordic AB Earnings Call Transcript
Nov 11, 2022

kr45.85 (+18.32%)

Earnings
Q2 2022 Ferronordic AB Earnings Call Transcript
Aug 17, 2022

kr35.65 (-3.65%)

Earnings
Q1 2022 Ferronordic AB Earnings Call Transcript
May 12, 2022

kr39.6 (+4.21%)

Earnings
Q4 2021 Ferronordic AB Earnings Call Transcript
Feb 18, 2022

kr214.5 (+0.23%)

Earnings
Q3 2021 Ferronordic AB Earnings Call Transcript
Nov 12, 2021

kr345 (+11.29%)

Earnings
Q2 2021 Ferronordic AB Earnings Call Transcript
Aug 12, 2021

kr285.5 (+14.66%)

Earnings
Q1 2021 Ferronordic AB Earnings Call Transcript
May 12, 2021

kr242 (+7.80%)

Earnings
Q3 2020 Ferronordic AB Earnings Call Transcript
Nov 12, 2020

kr164.8 (+4.57%)

Earnings
Q2 2020 Ferronordic AB Earnings Call Transcript
Aug 13, 2020

kr143.8 (+13.59%)

Earnings
Q1 2020 Ferronordic AB Earnings Call Transcript
May 13, 2020

kr95 (-5.00%)

Earnings

Q1 2022 Ferronordic AB Earnings Call Transcript

May 12, 2022 / 08:00AM GMT

Release Date Price: kr39.6 (+4.21%)

Transcript

Lars Corneliusson;CEO

Ferronordic AB - President

$

All right. Good morning, everybody. This is Lars Corneliusson, and welcome to this presentation of our first quarter 2022. And if we move on to slide 2, obviously, we are in troubled times. The business has been affected by the conflict in Ukraine from end of February. In Q1, we had a 38% revenue growth to SEK1.746 million as demand remains strong. So all in all, in Russia/CIS revenue increased 32%, partly due to machine product mix and growth in aftermarket. And we saw a 9% operating margin, which was affected by SEK45 million in provisions.

In Germany, we saw the truck sales increasing by 66% in units in a flat market, so we took obviously, market shares. Revenue increased 62% due to the strong new and used trucks sales and growth in aftermarket sales. So all in all, 38%, revenue increase, 36%, operating profit increase, 6.2%, operating margin and an earnings per share increase of 12%.

Obviously on page 3, then after February 24, the EU and other countries have imposed far-reaching sanctions and restrictions on Russia,

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