Announcement • May 15
Ferronordic Appoints Fredrik Isberg as Board Member Ferronordic at its annual general meeting held on May 13, 2026 elected Fredrik Isberg as board member. Announcement • Feb 13
Ferronordic AB (publ), Annual General Meeting, May 13, 2026 Ferronordic AB (publ), Annual General Meeting, May 13, 2026. Announcement • Feb 12
Ferronordic AB (publ) to Report Fiscal Year 2025 Final Results on Apr 02, 2026 Ferronordic AB (publ) announced that they will report fiscal year 2025 final results at 9:00 AM, Central European Standard Time on Apr 02, 2026 Announcement • Jan 06
Ferronordic AB (publ) to Report Q1, 2026 Results on May 13, 2026 Ferronordic AB (publ) announced that they will report Q1, 2026 results on May 13, 2026 Announcement • Oct 30
Ferronordic AB (publ) to Report Fiscal Year 2025 Results on Feb 12, 2026 Ferronordic AB (publ) announced that they will report fiscal year 2025 results on Feb 12, 2026 Announcement • Oct 02
Ferronordic AB (Publ) Announces Executive Changes Ferronordic AB (publ) announced that Nadezhda Semiletova, HR Director, and Anton Zheliapov, Trucks, Used and Rental Director, will leave the company's Executive Management and assume other roles in the Group. Nadezhda Semiletova will become Managing Director of Ferronordic's business in Kazakhstan and be responsible for driving the company's development and growth in that market. She continues to report to Ferronordic's CEO, Henrik Carlborg. Anton Zheliapov will focus entirely on the company's business in Germany, particularly on the rental and used business, as well as Ferronordic's initiatives related to sustainable transports. In his new role, he will report to the President of Ferronordic Germany. The changes will take effect as of 1 November 2025. Announcement • May 16
Ferronordic AB (Publ) Elects Peter Zonabend as Members of the Board Ferronordic AB (publ) at its AGM held on May 15, 2025, approved the Peter Zonabend were elected members of the Board for the period until the end of the next annual general meeting. Announcement • Mar 26
Ferronordic AB (publ), Annual General Meeting, May 15, 2025 Ferronordic AB (publ), Annual General Meeting, May 15, 2025. Announcement • Feb 06
Ferronordic AB (publ) to Report First Half, 2025 Results on Aug 14, 2025 Ferronordic AB (publ) announced that they will report first half, 2025 results on Aug 14, 2025 Announcement • Feb 05
Ferronordic AB (publ) to Report Q3, 2025 Results on Nov 13, 2025 Ferronordic AB (publ) announced that they will report Q3, 2025 results on Nov 13, 2025 Announcement • Jan 27
Ferronordic AB (publ) to Report Fiscal Year 2024 Results on Feb 20, 2025 Ferronordic AB (publ) announced that they will report fiscal year 2024 results on Feb 20, 2025 Announcement • Oct 02
Ferronordic AB (publ) Announces Update on Dividend Policy Ferronordic AB (publ) announced that the Board has reviewed Ferronordic's dividend policy. According to the new policy, the ambition for the Company should be to pay at least 50% of net income if net debt/EBITDA is less than 1.0, post dividend payment, and to pay at least 25% if net debt/EBITDA is more than 1.0. The Board will take several factors into account when proposing the level of dividend including legal requirements, the articles of association, the group's expansion opportunities, its financial position and other investment needs. Announcement • May 18
Ferronordic AB (publ) Approves Omission of Dividend Ferronordic AB (publ) announced that at the AGM held on 16 May 2024 it was resolved not to pay dividend. Announcement • Apr 18
Ferronordic AB (publ) Announces Composition of Nomination Committee Ferronordic AB (publ) at its annual general meeting to be held on 16 May 2024, announced The Nomination Committee for the AGM, consisting of Jörgen Olsson (chairman), representing Skandinavkonsult i Stockholm AB, Peter Zonabend, representing Per Arwidsson with associated companies, Anders Blomqvist, representing Lars Corneliusson with associated companies, and Lars Hagerud, representing AltoCumulus, proposes Staffan Jufors as chairman of the meeting. Recent Insider Transactions • Mar 01
Insider recently sold kr272k worth of stock On the 23rd of February, Dan Eliasson sold around 4k shares on-market at roughly kr68.00 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth kr1.9m. Despite this recent sale, insiders have collectively bought kr5.8m more than they sold in the last 12 months. Reported Earnings • Feb 24
Full year 2023 earnings released: kr7.39 loss per share (vs kr13.56 profit in FY 2022) Full year 2023 results: kr7.39 loss per share (down from kr13.56 profit in FY 2022). Revenue: kr2.86b (up 45% from FY 2022). Net loss: kr107.0m (down 154% from profit in FY 2022). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Trade Distributors industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has fallen by 27% per year, which means it is performing significantly worse than earnings. Announcement • Dec 01
Ferronordic AB (publ) (OM:FNM) completed the acquisition of Rudd Equipment Company, Inc. for $95 million. Ferronordic AB (publ) (OM:FNM) entered into an agreement to acquire Rudd Equipment Company, Inc. for $95 million on November 13, 2023. The purchase price amounts to $95 million, corresponding to 5.8 x 2022 IFRS-adjusted earnings before tax. Based on the expected net debt at closing, the expected enterprise value amounts to $113 million. Ferronordic will also acquire two real properties in Cincinnati and Louisville, currently rented by Rudd from its owner. The price for the properties is $10 million. The total price for the stock in Rudd and the two properties amounts to $105 million. Out of this amount, $60 million will be financed with own cash/equity and $45 million with new bank debt. Ferronordic has received a commitment letter from Nordea for a three-year $45 million term loan facility for the acquisition, as well as a $35 million working capital facility. After closing, Rudd will be a wholly owned subsidiary of Ferronordic AB and will be integrated into Ferronordic’s general corporate governance and internal controls. In 2022, Rudd had sales of $308.3 million with an operating income of $16.5 million and earnings before tax of $16.4 million (both adjusted to IFRS). All consents and approvals for the transaction have been obtained, including the approval of Volvo CE. Thus, all conditions for the transaction have been satisfied. The transaction will be completed on 30 November 2023. The transaction is not expected to have any direct impact on Ferronordic’s business in Germany and Kazakhstan.
Ferronordic AB (publ) (OM:FNM) completed the acquisition of Rudd Equipment Company, Inc. on November 30, 2023. Recent Insider Transactions • Nov 24
President recently bought kr4.9m worth of stock On the 21st of November, Lars Corneliusson bought around 67k shares on-market at roughly kr73.11 per share. This transaction amounted to 7.2% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Lars' only on-market trade for the last 12 months. Reported Earnings • Nov 17
Third quarter 2023 earnings released Third quarter 2023 results: kr6.16 loss per share. Revenue: kr643.0m (down 56% from 3Q 2022). Net loss: kr89.0m (down 124% from profit in 3Q 2022). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Trade Distributors industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has fallen by 23% per year, which means it is performing significantly worse than earnings. Announcement • Sep 20
Ferronordic AB (publ), Annual General Meeting, May 16, 2024 Ferronordic AB (publ), Annual General Meeting, May 16, 2024. Recent Insider Transactions • Aug 25
Insider recently sold kr123k worth of stock On the 17th of August, Dan Eliasson sold around 2k shares on-market at roughly kr73.02 per share. This transaction amounted to 8.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought kr4.0m more than they sold in the last 12 months. Reported Earnings • Aug 22
Second quarter 2023 earnings released: EPS: kr4.40 (vs kr6.68 loss in 2Q 2022) Second quarter 2023 results: EPS: kr4.40 (up from kr6.68 loss in 2Q 2022). Revenue: kr674.0m (up 68% from 2Q 2022). Net income: kr64.0m (up kr161.0m from 2Q 2022). Profit margin: 9.5% (up from net loss in 2Q 2022). Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Trade Distributors industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 23% per year, which means it is performing significantly worse than earnings. Recent Insider Transactions • Jun 13
Independent Director recently bought kr3.7m worth of stock On the 9th of June, Hakan Eriksson bought around 50k shares on-market at roughly kr73.70 per share. This transaction amounted to 2.2% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr4.2m more in shares than they have sold in the last 12 months. New Risk • Jun 10
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: kr1.06b (US$97.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings are forecast to decline by an average of 47% per year for the foreseeable future. High level of non-cash earnings (33% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (kr1.06b market cap, or US$97.7m). Announcement • May 12
Ferronordic AB (Publ) Approves Dividend, Payable Around 19 May 2023 Ferronordic AB (publ) at the AGM, the shareholders approved to pay a dividend of SEK 7.50 per share. The record date for receiving the dividend is 15 May 2023. Payment will take place around 19 May 2023. Recent Insider Transactions • Mar 13
General Counsel recently sold kr385k worth of stock On the 8th of March, Dan Eliasson sold around 4k shares on-market at roughly kr96.37 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought kr562k more than they sold in the last 12 months. Reported Earnings • Feb 20
Full year 2022 earnings released: EPS: kr30.28 (vs kr23.33 in FY 2021) Full year 2022 results: EPS: kr30.28. Revenue: kr1.97b (down 68% from FY 2021). Net income: kr197.0m (down 42% from FY 2021). Profit margin: 10.0% (up from 5.5% in FY 2021). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Trade Distributors industry in the United Kingdom. Announcement • Dec 26
Gilk, Ao acquired Ferronordic Machines LLC, Ferronordic Torgoviy Dom LLC, Ferronordic Torgovaja Kompanija LLC and Ferronordic Arkhangelsk LLC from Ferronordic AB (publ) (OM:FNM) for SEK 1.3 billion. Gilk, Ao acquired Ferronordic Machines LLC, Ferronordic Torgoviy Dom LLC, Ferronordic Torgovaja Kompanija LLC and Ferronordic Arkhangelsk LLC from Ferronordic AB (publ) (OM:FNM) for SEK 1.3 billion on December 23, 2022. The net assets as of September 30, 2022 is SEK 1.6 billion. The sold companies may continue the use of the Ferronordic trademark during a transition period of six months.
Gilk, Ao completed the acquisition of Ferronordic Machines LLC, Ferronordic Torgoviy Dom LLC, Ferronordic Torgovaja Kompanija LLC and Ferronordic Arkhangelsk LLC from Ferronordic AB (publ) (OM:FNM) for SEK 1.3 billion on December 23, 2022. Announcement • Nov 18
Ferronordic AB (publ) (OM:FNM) agreed to acquire Henrich Arnke for €0.08 million. Ferronordic AB (publ) (OM:FNM) agreed to acquire Henrich Arnke for €0.08 million on November 17, 2022. Ferronordic will pay a compensation in the sum of €0.25 million for customer contacts and the right to use fixed assets. In addition to compensation to the owner, Ferronordic will invest approx. €0.5 million in the facility to improve infrastructure and expand the parts inventory. Ferronordic also takes over 11 employees, of which 6 mechanics. Henrich Arnke will operate as integrated part of Ferronordic’s operations in Germany. The transaction is expected to be completed in February 2023. Recent Insider Transactions • Mar 05
Insider recently sold kr5.0m worth of stock On the 2nd of March, Henrik Carlborg sold around 63k shares on-market at roughly kr79.39 per share. In the last 3 months, there was an even bigger sale from another insider worth kr6.0m. Insiders have been net sellers, collectively disposing of kr5.3m more than they bought in the last 12 months. Recent Insider Transactions • Feb 20
General Counsel recently bought kr326k worth of stock On the 18th of February, Dan Eliasson bought around 2k shares on-market at roughly kr217 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr570k more in shares than they have sold in the last 12 months. Reported Earnings • Feb 19
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: kr23.33 (up from kr15.26 in FY 2020). Revenue: kr6.21b (up 34% from FY 2020). Net income: kr339.0m (up 53% from FY 2020). Profit margin: 5.5% (up from 4.8% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.3%. Over the next year, revenue is forecast to grow 16%, compared to a 5.9% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 12% per year and the company’s share price has also increased by 12% per year. Valuation Update With 7 Day Price Move • Feb 16
Investor sentiment deteriorated over the past week After last week's 16% share price decline to kr229, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 19x in the Trade Distributors industry in the United Kingdom. Total returns to shareholders of 70% over the past three years. Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment deteriorated over the past week After last week's 19% share price decline to kr272, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 20x in the Trade Distributors industry in the United Kingdom. Total returns to shareholders of 132% over the past three years. Recent Insider Transactions • Nov 24
Insider recently sold kr126k worth of stock On the 18th of November, Anton Zhelyapov sold around 380 shares on-market at roughly kr332 per share. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought kr1.1m more than they sold in the last 12 months. Reported Earnings • Nov 13
Third quarter 2021 earnings released: EPS kr7.48 (vs kr5.57 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: kr1.66b (up 47% from 3Q 2020). Net income: kr109.0m (up 35% from 3Q 2020). Profit margin: 6.6% (down from 7.2% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 13
Second quarter 2021 earnings released: EPS kr5.94 (vs kr5.24 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: kr1.59b (up 32% from 2Q 2020). Net income: kr86.3m (up 13% from 2Q 2020). Profit margin: 5.4% (down from 6.3% in 2Q 2020). The decrease in margin was driven by higher expenses. Recent Insider Transactions • Jun 10
Managing Director for German Business recently bought kr240k worth of stock On the 3rd of June, Martin Bauknecht bought around 1k shares on-market at roughly kr240 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr2.0m more in shares than they have sold in the last 12 months. Executive Departure • May 20
Independent Director has left the company On the 12th of May, Magnus Brannstrom's tenure as Independent Director ended after 10.0 years in the role. We don't have any record of a personal shareholding under Magnus' name. A total of 2 executives have left over the last 12 months. Valuation Update With 7 Day Price Move • May 19
Investor sentiment improved over the past week After last week's 16% share price gain to kr258, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 24x in the Trade Distributors industry in the United Kingdom. Total returns to shareholders of 100% over the past three years. Reported Earnings • May 13
First quarter 2021 earnings released: EPS kr3.85 (vs kr1.39 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: kr1.27b (up 13% from 1Q 2020). Net income: kr55.9m (up 176% from 1Q 2020). Profit margin: 4.4% (up from 1.8% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 17% per year. Upcoming Dividend • May 07
Upcoming dividend of kr7.50 per share Eligible shareholders must have bought the stock before 14 May 2021. Payment date: 20 May 2021. Trailing yield: 3.4%. Lower than top quartile of British dividend payers (4.1%). Higher than average of industry peers (1.2%). Reported Earnings • Apr 17
Full year 2020 earnings released: EPS kr15.26 (vs kr17.26 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: kr4.63b (up 24% from FY 2019). Net income: kr221.7m (down 12% from FY 2019). Profit margin: 4.8% (down from 6.7% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 21% per year. Upcoming Dividend • Apr 12
Upcoming dividend of kr7.50 per share Eligible shareholders must have bought the stock before 19 April 2021. Payment date: 23 April 2021. Trailing yield: 3.7%. Lower than top quartile of British dividend payers (4.2%). Higher than average of industry peers (1.3%). Recent Insider Transactions • Apr 09
General Counsel recently bought kr127k worth of stock On the 6th of April, Dan Eliasson bought around 630 shares on-market at roughly kr201 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr1.9m more in shares than they have sold in the last 12 months. Is New 90 Day High Low • Mar 02
New 90-day high: kr204 The company is up 33% from its price of kr153 on 02 December 2020. The British market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Trade Distributors industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is kr389 per share. Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment improved over the past week After last week's 17% share price gain to kr204, the stock is trading at a trailing P/E ratio of 13.1x, up from the previous P/E ratio of 11.1x. This compares to an average P/E of 28x in the Trade Distributors industry in the United Kingdom. Total returns to shareholders over the past three years are 64%. Reported Earnings • Feb 21
Full year 2020 earnings released: EPS kr15.25 (vs kr17.26 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: kr4.63b (up 24% from FY 2019). Net income: kr221.7m (down 12% from FY 2019). Profit margin: 4.8% (down from 6.7% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Analyst Estimate Surprise Post Earnings • Feb 21
Revenue beats expectations Revenue exceeded analyst estimates by 0.5%. Over the next year, revenue is forecast to grow 11%, compared to a 4.6% growth forecast for the Trade Distributors industry in the United Kingdom. Executive Departure • Feb 08
Business Development Director & MD of Group subsidiaries Germany has left the company On the 3rd of February, Henrik Carlborg's tenure as Business Development Director & MD of Group subsidiaries Germany ended after 1.1 years in the role. As of September 2020, Henrik personally held 194.80k shares (kr32m worth at the time). Henrik is the only executive to leave the company over the last 12 months. Is New 90 Day High Low • Jan 11
New 90-day high: kr178 The company is up 6.0% from its price of kr168 on 13 October 2020. The British market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Trade Distributors industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is kr366 per share. Recent Insider Transactions • Dec 23
Insider recently bought kr341k worth of stock On the 18th of December, Henrik Carlborg bought around 2k shares on-market at roughly kr155 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr3.5m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Dec 01
General Counsel recently bought kr246k worth of stock On the 25th of November, Dan Eliasson bought around 2k shares on-market at roughly kr154 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr3.0m more in shares than they have sold in the last 12 months. 
