Leading dealerships of construction equipment with strong aftermarket offerings

FERRONORDIC

Ferronordic is an authorized dealer of construction equipment under a number of brands throughout Russia. These brands include Volvo CE, Terex Trucks, Dressta, Mecalac and Rottne. In addition, Ferronordic is an authorized aftermarket dealer for Volvo Trucks and Renault Trucks. The company’s goal is to become the leading service and sales company in the CIS markets.

Key Figures

FERRONORDIC

SEKm 2018 2019 2020
Sales 3241 4083 5021
Sales growth (%) 26.3 26 23
EBITDA 322 383 468
EBITDA margin (%) 9.9 9.4 9.3
EBIT adj 274 323 403
EBIT adj margin (%) 8.4 7.9 8
Pretax profit 267 322 402
EPS rep 13.22 17.31 21.57
EPS growth (%) 63.9 30.9 24.7
EPS adj 14.18 17.31 21.57
DPS 7.5 6.5 8
EV/EBITDA (x) 4.8 5 3.7
EV/EBIT adj (x) 5.6 5.9 4.3
P/E (x) 9.6 8.7 7
P/E adj (x) 9 8.7 7
EV/sales (x) 0.5 0.5 0.3
FCF yield (%) 6.8 4.7 11.2
Dividend yield (%) 5.9 4.3 5.3
Net IB debt/EBITDA -0.9 -0.8 -1

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