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 2017 2018 2019
Sales 2567 2962 3563
Sales growth (%) 54.8 15.4 20.3
EBITDA 214 263 318
EBITDA margin (%) 8.3 8.9 8.9
EBIT adj 187 232 282
EBIT adj margin (%) 7.3 7.8 7.9
Pretax profit 193 230 281
EPS rep 8.06 11.21 15.07
EPS growth (%) 165.9 39 34.4
EPS adj 9.36 12.17 15.07
DPS 1.73 4 5
EV/EBITDA (x) 6.1 5.4 4
EV/EBIT adj (x) 7 6.1 4.5
P/E (x) 18.7 10.6 7.9
P/E adj (x) 16.1 9.7 7.9
EV/sales (x) 0.5 0.5 0.4
FCF yield (%) 8.9 5.7 8.8
Dividend yield (%) 1.1 3.4 4.2
Net IB debt/EBITDA -1.5 -1.1 -1.4

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