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Ferronordic

42.30 SEK

-1.63 %

Less than 1K followers

FNM

NASDAQ Stockholm

Industrial Goods & Services

Industrials

-1.63 %
-3.86 %
-8.93 %
-2.53 %
-7.14 %
-7.24 %
-54.52 %
-79.37 %
-73.73 %

Ferronordic is a dealer of construction equipment and trucks, mainly from Volvo, Sandvik and Renault, but also other brands. The business includes sales, service and support of machines and trucks, as well as components and spare parts. The company's largest market is the USA, followed by Germany and Kazakhstan. Ferronordic was founded in 2010 and is headquartered in Stockholm.

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Market cap
614.72M SEK
Turnover
130.6K SEK
Revenue
EBIT %
P/E
Dividend yield-%
Revenue and EBIT-%

Revenue B

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
13.5.
2026

General meeting '26

13.5.
2026

Interim report Q1'26

12.8.
2026

Interim report Q2'26

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Third party research

Ferronordic: Germany weighs, recovery signals emerging - ABG

* Q1e: Sales of SEK 1,143m (1,206m), EBIT of SEK 35m (13m) * US good but not great, Germany soft * Trading at 12-7x EV/EBIT '26e-'27e Q1 expectations We expect Ferronordic to deliver Q1 sales of SEK 1,143m, -5% y-o-y (of which -10% FX). We expect adj...

Ferronordic

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Third party research

Ferronordic: Year concludes on a solid note - ABG

* Strong US performance more than offsets German weakness * EBIT up by 5-9% for '26e-'27e, driven by US and overhead costs * Trading at 12-8x 26e-'27e EV/EBIT (peers at 15-14x) US strength lifts total performance Ferronordic's Q4 sales were SEK 1,211m...

Ferronordic
Third party research

Ferronordic: Strong U.S. more than offsets Germany - ABG

* Solid report driven by very strong U.S. performance * Adj. EBIT mechanically up 16-13% for '26/'27e * Share is currently trading at 11-8x '26e/'27e EBIT Q4 results Sales SEK 1211m (12% vs. ABGSCe 1,081m, no cons), adj. EBIT 54m (108% vs. ABGSCe 26m...

Ferronordic
Third party research

Ferronordic: Fundamentals improving under the hood - ABG

* Q4e: US stable with Germany improving sequentially * U.S. EBIT raised 8% for '26e-'27e following US bolt-on * Trading at 11-7x '26e-'27e EV/EBIT (peers at 16-14x) Q4e: US stable with Germany improving sequentiallyWe expect Ferronordic to report Q4 ...

Ferronordic
Third party research

Ferronordic: US Midwest expansion - ABG

* Acquisition of Volvo Construction Equipment dealer in Iowa* Adds 8% to PF'26e EBIT, 13x acquisition EV/EBIT* Aligns with strategic rationale of expanding in adjacent US territoriesAcquisition of VCE dealer in IowaYesterday Ferronordic agreed, through...

Ferronordic
Third party research

Ferronordic: A step in the right direction - Nordea

We increase 2026E-27E adj. EBIT by 6-7%, mainly owing to stronger performance in Germany – having reached near breakeven, versus SEK -40m in the comparison quarter. While sales came in lower than our expectations, we believe this is compensated by the...

Ferronordic
Third party research

Ferronordic: Sequentially better across the board - ABG

* Better-than-expected Q3 earnings, all segments up q-o-q* We raise our EBIT estimates by 4-3% for '26e-'27e* Trading at 12-8x '26e-'27e EV/EBIT, distributor peers at 15-14x Sequentially better across the board Ferronordic reported Q3 sales of SEK 1,...

Ferronordic
Third party research

Ferronordic: Germany still lagging - ABG

* Q3e: some US improvement q-o-q, Germany remains negative* Estimate cuts driven by continued subdued demand in Germany* Trading at 14-10x '26e-'27e EV/EBIT (peers at 15-14x)Q3e: sequentially better in the US, Germany still negativeWe expect Ferronordic...

Ferronordic
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