Ferronordic AB Interim Report January - June 2020
(WorldNews Switzerland)

Interim report January - June 2020 Best second quarter to-date despite COVID-19 Unit sales in Russia/CIS grow even as market declines sharply Robust aftermarket and contracting services performance Operating profit up on revenue resilience and cost control Sales in Germany decline quarter-on-quarter in line with market Strong operating cash flows and lower net debt Selected key Group ratios* Q2 Q2 6M 6M SEK M 2020** 2019 % 2020** 2019 % Revenue 1 203 1 100 9% 2 321 1 823 27% Operating profit 105 98 7% 156 154 1% Result for the period 76 73 4% 96 119 -19% Earnings per share 5.24 5.03 4% 6.64 8.21 -19% Gross margin 17.2% 20.1% 16.8% 20.1% Operating margin 8.7% 8.9% 6.7% 8.4% Return on capital...