Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Ferronordic AB ( (SE:FNM) ) has issued an update.
Ferronordic reported a 6% decline in first-quarter revenue to SEK 1,128m, though sales grew 6% on a fixed currency basis, while gross profit edged higher and operating profit more than doubled to SEK 37m on tighter cost control. Net profit swung to SEK 32m, helped by lower financing costs and FX gains, as net debt rose to SEK 1,957m due to the Housby acquisition and seasonal inventory and rental fleet build-up.
In the US, strong infrastructure work and accelerating data center and AI-related construction drove 16% local-currency sales growth and solid earnings, aided by the integration of Housby and expansion of the rental fleet and CRM tools. In Germany, a recovering market, stronger aftermarket sales and a leaner cost base returned the business to positive operating profit, while Kazakhstan remained small but stable with improved margins, leaving Ferronordic better positioned for operating leverage and market share gains as demand normalizes across its regions.
More about Ferronordic AB
Ferronordic AB is a heavy equipment and truck dealer and service provider operating in the US, Germany and Kazakhstan. The company focuses on sales, rental and aftermarket services for construction and transport equipment, with an increasing emphasis on data-driven tools, CRM systems and bolt-on acquisitions to deepen market penetration and improve profitability in its territories.
Average Trading Volume: 6,719
Technical Sentiment Signal: Sell
Current Market Cap: SEK616.2M
See more insights into FNM stock on TipRanks’ Stock Analysis page.