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.
* Sales SEK 1,558m & EBIT 68m * Earnings beat across all segments * Share currently trading at 15-10x '26e-'27e EV/EBIT Q2 in brief Strong set of numbers from Ferronordic. Sales SEK 1,558m (34% vs. ABGSCe 1,159m), EBIT 68m (65% vs. ABGSCe 41m, -5m in...
* 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...
* 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...
* 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...
* 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 ...
