Ferronordic: New financial targets ahead of CMD - ABG
New targets ahead of CMD at 13:00 CET
14% 5Y sales CAGR, >6% EBIT margin, <3x ND/EBITDA
Expect more colour on US expansion and strategy
New targets to fit the new exposure
The Rudd acquisition, completed in Nov-23, dramatically changed Ferronordic's geographical exposure (YTD '24 sales split: 62% USA, 34% Germany, 4% Kazakhstan). As such, Ferronordic has announced new targets to fit its new exposure, and this comes ahead of today's capital markets day in Stockholm, Sweden, starting at 13.00 CET. Link to register for webcast or in-person attendance.
Länk till analysen i sin helhet: https://cr.abgsc.com/foretag/ferronordic/Equity-research/2024/10/ferronordic---new-financial-targets-ahead-of-cmd/