Ferronordic AB (publ) (FNM) Q4 2024 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:06.497 Welcome everybody to this presentation on our fourth quarter for 2024. 00:00:07.661 -- 00:00:14.647 And we saw in the quarter continued strength in the United States, strong performance, 00:00:14.670 -- 00:00:19.816 and we created a much stronger position to go forward in 00:00:19.816 -- 00:00:22.340 Germany and Kazakhstan. 00:00:22.340 -- 00:00:27.827 We had a 43% revenue increase, obviously driven by the additional 00:00:27.827 -- 00:00:30.511 growth in the US operations, 00:00:30.511 -- 00:00:32.393 mainly. We 00:00:32.393 -- 00:00:37.440 had an operating result which increased to 2 million or 19 million, excluding 00:00:37.440 -- 00:00:40.223 effects of impairment 00:00:40.223 -- 00:00:43.708 of inventory in Germany and Kazakhstan. 00:00:43.708 -- 00:00:47.993 Net profit ended up at 9 million kroner, 00:00:47.993 -- 00:00:51.836 partly because of exchange rate effects. 00:00:51.854 -- 00:00:57.163 And we have, of course, after the acquisitions of the US operation, 00:00:57.163 -- 00:01:02.532 partly driven by expansion of the rental fleet in the US, we have a net 00:01:02.532 -- 00:01:06.575 debt of 1.978 billion 00:01:08.221 -- 00:01:10.221 SEK. 00:01:10.285 -- 00:01:14.548 And given the negative result we had for the year, 00:01:14.732 -- 00:01:17.834 no dividend is recommended. 00:01:18.550 -- 00:01:23.217 So if we look a bit more into the US, we're starting there. 00:01:23.217 -- 00:01:26.401 We saw, as I said, continued strong performance, 00:01:26.401 -- 00:01:29.786 good margin development and cash generation. 00:01:29.786 -- 00:01:33.812 Total revenue was 720 million SEC 00:01:33.812 -- 00:01:38.275 with a strong operating margin then of 9%. 00:01:39.440 -- 00:01:41.348 Overall, 00:01:41.348 -- 00:01:46.674 Our sales of...