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Press Release Ferronordic Machines AB Interim Report January To March 2018 250133 / PDF / 250.133 KB.pdf

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Preview of Press Release Ferronordic Machines AB Interim Report January to March 2018 250133 / PDF / 250.133 KB
🔗 Source: ferronordic.com
📊 Size: 244 KB
👤 Author: Nokia Siemens Networks
⬇️ Downloads: 135

Summary

Ferronordic Machines AB (publ) reported an 11% increase in revenue to SEK 614m for the first quarter of 2018, with operating profit increasing to SEK 41m and EBITDA amounting to SEK 48m. The company's operating margin was 6.7% and earnings per ordinary share increased to SEK 1.93. CEO Lars Corneliusson noted that the market for new machines continued to recover, with the company's sales growing by 22% in units, excluding diesel generators and backhoe loaders. However, the company lost market share due to a lack of smaller excavators. The company continued to improve efficiency, with SG&A expenses at 11.2% of revenue, and changed its product mix towards larger machines with greater aftermarket potential. Despite uncertainty due to US sanctions, the company does not expect a direct material impact on its business.

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Ferronordic Machines AB (publ) reported an 11% increase in revenue to SEK 614m for the first quarter of 2018, with operating profit increasing to SEK 41m and...

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  • File Format: PDF
  • File Size: 244 KB
  • Pages: 2
  • Language: EN
  • Author: Nokia Siemens Networks
  • Total Downloads: 135
  • Last Updated: 3 weeks ago

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