Brief: Ferronordic, Sandvik Enter Into Distributor Agreements For Germany, Kazakhstan

Ferronordic AB

15/09/2022 15:16

Sept 15 (Reuters) - Ferronordic AB  FNMA.ST :
    * FERRONORDIC AND SANDVIK ENTER INTO DISTRIBUTOR AGREEMENTS
FOR
GERMANY AND KAZAKHSTAN AND TERMINATE AGREEMENTS FOR RUSSIA
    * SIMULTANEOUSLY, FERRONORDIC AND SANDVIK HAVE TERMINATED
THEIR
AGREEMENTS FOR RUSSIA
    * EXPECTS THAT TOTAL SALES RELATING TO SANDVIK CRUSHERS,
SCREENS
WILL REACH ABOUT 15% OF FERRONORDIC'S REVENUE IN GERMANY
    * DOES NOT EXPECT TERMINATION OF AGREEMENTS WITH SANDVIK IN
RUSSIA
TO HAVE MATERIAL IMPACT ON OUTLOOK FOR ITS BIZ IN COUNTRY
    * IS EVALUATING STRATEGIC ALTERNATIVES FOR ITS RUSSIAN
BUSINESS
    * IN FUTURE BELIEVES SALES RELATED TO SANDVIK CRUSHERS,
SCREENS
CAN REACH ABOUT 10% OF CO'S SALES IN KAZAKHSTAN

Source text for Eikon:  ID:nWkr1wL8L4 
Further company coverage:  FNMA.ST 

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