Authorised dealer of construction equipment in Russia

Ferronordic

Ferronordic is an authorised dealer of construction equipment in Russia, selling equipment from Volvo CE (80%), Terex Trucks, Dressta, Mecalac and Rottne. The company’s goal is to become the leading service and sales company in the CIS markets. It is currently the only dealer in Russia, and one of the few in Europe, that is allowed to offer the ‘Certified Rebuild’ warranty extension on Volvo equipment following repairs and service. The company was founded in 2010 and currently has over 70 outlets and 800 employees throughout Russia.

Financials

FERRONORDIC

SEKm 2018 2019 2020
Sales 3042 3643 4653
Sales growth (%) 18,5 19,8 27,7
EBITDA 288 328 N/A
EBITDA margin (%) 8,3 9,5 9
EBIT adj 187 252 292
EBIT adj margin (%) 7,3 8,3 8
Pretax profit 249 291 367
EPS rep 12,2 15,63 19,69
EPS growth (%) 51,3 28,1 25,9
EPS adj 13,16 15,63 19,69
DPS 8 5,5 6,5
EV/EBITDA (x) 5,6 4,8 3,6
EV/EBIT adj (x) 6,4 5,4 4
P/E (x) 11 8,6 6,8
P/E adj (x) 10,2 8,6 6,8
EV/sales (x) 0,5 0,4 0,3
FCF yield (%) 6,8 7,9 10,7
Dividend yield (%) 5,9 4,1 4,8
Net IB debt/EBITDA -1,2 -1,1 -1,2

Main shareholders

Ferronordic

Main shareholders Share capital % Voting shares % Verified
Håkan Eriksson (Skandinavkonsult) 15.6 % 15.6 % 31 May 2018
Rune Andersson (Mellby Gård) 8.2 % 8.2 % 31 Dec 2018
Erik Eberhardson 7.4 % 7.4 % 30 Jun 2018
Lars Corneliusson 6.4 % 6.4 % 31 Dec 2017
Creades 4.4 % 4.4 % 31 Mar 2018
GLG Partners 3.8 % 3.8 % 8 Mar 2018
Avanza Pension 3.7 % 3.7 % 31 Dec 2018
Swedbank Robur Fonder 3.6 % 3.6 % 31 Dec 2018
Anders Blomqvist 3.5 % 3.5 % 31 Dec 2018
Unionen-Svenska 3.4 % 3.4 % 31 Dec 2018
Source: Holdings by Modular Finance AB

Insider list

Ferronordic

Name
Lars Erik Mikael Corneliusson
Hans Anders Blomqvist
Henrik Carlborg
Henrik Carlborg
HENRIK CARLBORG
ANDERS BLOMQVIST
ANDERS BLOMQVIST
LARS CORNELIUSSON
Show More