Ferronordic AB (publ)
FNM.ST
Stockholm Stock Exchange61.80
SEK
+1.00
- -
Ferronordic AB (publ)
FNM.ST
(Stockholm Stock Exchange)
Recent
price
61.80
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Similar Companies
- Business
- Ferronordic AB (publ) operates as a service and sales company specializing in construction equipment and trucks. The company’s core business includes selling, repairing, and maintaining construction machinery, trucks, engines, spare parts, and attachments. Its equipment sales primarily comprise Volvo trucks, Renault trucks, Volvo Construction Equipment (CE), Sandvik mobile crushers and screens, and Mecalac machinery. Ferronordic serves industries such as general construction, mining, road construction, forestry, and logistics, offering products like dump trucks, excavators, wheel loaders, bulldozers, cranes, asphalt pavers, road rollers, and backhoe loaders. The company also delivers aftermarket services including maintenance, diagnostics, overhauls, operator training, repairs, and a variety of tailored service contracts. Additionally, Ferronordic operates a contracting business in mining with its own machines and operators paid based on earth and rock moved. The company has significant operations across the United States, Germany, Kazakhstan, and parts of the CIS region. Founded in 2010 and headquartered in Stockholm, Sweden, Ferronordic holds authorized dealer partnerships with Volvo Trucks, Renault Trucks, and Volvo CE in various territories including parts of Germany and nine states in the US. It also represents Hitachi, Sandvik, and Linkbelt in parts of the US and Kazakhstan. Recent strategic developments in 2024 and 2025 include expanding its workshop network in Germany to increase market share in aftermarket services and acquiring Truck Center Röhn GmbH, an authorized Volvo and Renault Trucks workshop in Fulda, Germany. The company has updated its financial objectives and dividend policy reflecting growth potential and longer-term profitability, particularly emphasizing expansion in the US market. Leadership changes include the appointment of Henrik Carlborg as CEO in May 2025, succeeding Lars Corneliusson who transitioned to executive Chairman of the Board. Ferronordic continues to invest in staff training, parts availability, and service network enhancement to support its growth strategy and operational excellence in the heavy machinery and truck sectors.