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
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Q4 2022 Ferronordic AB Earnings Call Transcript

Feb 17, 2023 / 09:00AM GMT
Release Date Price: kr86.1 (+2.50%)
Operator

Good morning, and welcome to the Ferronordic Q4 2022 earnings conference call. (Operator Instructions) Please note this event is being recorded. I would now like to turn the conference over to Lars Corneliusson, CEO.

Please go ahead, sir.

Lars Corneliusson
Ferronordic Machines AB - CEO

Thank you very much, and welcome everybody to this presentation of the fourth quarter 2022. And if we move to slide number 2, we call the report moving forward.

Obviously, we managed to divest the Russian business in the third quarter for SEK1.3 billion. Cash proceeds from the sale was SEK1.1 billion, which then brought group to a net cash position of SEK957 million. And this also means that after a fairly time-consuming process, we cannot focus our time and resources for developing in Germany and CIS more, while also looking for new opportunities.

It also means that the numbers in the reports that are published today are all very different, in comparison to what we published last Q4, and about the Russian numbers, are in most cases, not included. So

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