Aug 17, 2023 / 08:00AM GMT
Lars Corneliusson - Ferronordic AB - President & CEO
Good morning, everybody. This is Lars Corneliusson speaking, and very welcome to this presentation of our second-quarter 2023.
So if we move to the first slide, I would say, we call the report continued focus forward. We saw on the group level a good revenue increase with 68%, and we saw strong growth in revenue on both operating segments. Operating results improved from 10 million minus last year to -- and -- sorry, improved to SEK10 million minus an operating margin to minus 1.5%. And obviously, as we've been talking about before, we continue to look for new market opportunities.
In Germany, new truck sales in units increased by 33% which was in line with the market. That actually now, starts to see a better supply situation than the previous three years and the market then recovered and grew approximately by 30%. We saw a positive operating result in Germany of SEK 2 million, and we continue our investments into sustainable transport solutions.
In CIS, the growth was even bigger, and new equipment sales increased by
Q2 2023 Ferronordic AB Earnings Call Transcript
Aug 17, 2023
Already have an account? Log in
Get the full story
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent 
4.6 out of 5 
Trustpilot
Trustpilot
Survey
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
Follow Us
Disclaimers