Ferronordic AB (OSTO:FNM)

kr 87.5 8 (10.06%) Market Cap: 1.27 Bil Enterprise Value: 2.81 Bil PE Ratio: 0 PB Ratio: 0.75 GF Score: 50/100

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%)

Earnings
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

Q2 2022 Ferronordic AB Earnings Call Transcript

Aug 17, 2022 / 08:00AM GMT

Release Date Price: kr35.65 (-3.65%)

Transcript

Lars Corneliusson;publ;President;CEO

Ferronordic AB

()-&

All right, good morning, everybody. This is Lars Corneliusson here. I welcome you to this conference on the second quarter '22 for Ferronordic.

And if we move to slide 2, we have a headline for this evaluating strategic options. Obviously, for the group concerning our business in Russia, it's obviously heavily impacted by the conflict in Ukraine. And as we wrote in the first-quarter report troubled times, and they have continued, and they have become increasingly worse. The environment is difficult to operate in.

Despite that, we saw during the quarter, a revenue growth of 6% for the group to almost SEK1.7 billion, and this was partly due to currency effects. We will come back to those effects later. And as you can see, Russia/CIS equipment sales in units actually decreased by 64%, and revenue in local currency decreased by 20%. But again, thanks to currency and strong ruble, it increased 5% in SEK.

In Germany, truck sales in units decreased by 4% in a market that

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