Ferronordic rebounds to Q2 profit on strong US, Germany demand

Ferronordic AB

12/08/2026 06:41

Overview
Sweden construction equipment dealer's Q2 revenue rose 43% yr/yr, with growth in all segments
Q2 operating profit rebounded to SEK 68 mln from a loss in prior year
Company attributes results to stronger aftermarket, cost control, and increased use of technology

Outlook
Ferronordic expects continued strong demand in the US, supported by infrastructure and data center activity
Company expects gradual recovery in Germany as volumes return and cost base remains lower
Ferronordic anticipates improved activity in Kazakhstan as government infrastructure spending resumes

Result Drivers
US DEMAND - Strong equipment sales in the US driven by infrastructure activity and data center construction supported revenue growth
GERMANY DELIVERIES - Revenue growth in Germany was helped by deliveries postponed from Q1 and a growing aftermarket, though gross margin was weighed by lower-margin fleet deals
TECHNICIAN CAPACITY - Aftermarket growth in the US and Germany was limited by technician capacity rather than demand

Company press release: ID:nWkr27mPqZ

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
SEK 1.56 bln
 
Q2 Net Income
 
SEK 45 mln
 
Q2 Gross Margin
 
15.80%
 
Q2 EBIT
 
SEK 68 mln
 
Q2 EBIT Margin
 
4.30%
 

Analyst Coverage
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 6 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)