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Ferronordic AB ( (SE:FNM) ) has provided an announcement.
Ferronordic reported a 3% increase in revenue for Q1 2025, reaching SEK 1,206 million, despite facing market uncertainties and a challenging environment in Germany and the US. The company’s operating profit decreased to SEK 13 million, and the overall result was negatively impacted by currency fluctuations. In the US, sales increased by 9% but were offset by intensified price competition and a 5% market decline in construction equipment. In Germany, despite a 28% decrease in the truck market, Ferronordic increased its market share, though sales fell by 9%. In Kazakhstan, sales rose to SEK 42 million with a positive operating profit. The company remains optimistic about long-term opportunities in its markets, supported by strategic cost-saving measures and a focus on service demand.
More about Ferronordic AB
Ferronordic is a service and sales company specializing in construction equipment and trucks. It operates as a dealer for Volvo CE, Hitachi, Sandvik, and Link-Belt in parts of the United States, and for Volvo Trucks and Renault Trucks in Germany. The company also represents Volvo CE and other brands in Kazakhstan. Established in 2010, Ferronordic operates 37 outlets with approximately 800 employees and is listed on Nasdaq Stockholm.
Average Trading Volume: 10,276
Current Market Cap: SEK701.2M
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