"Ferronordic continued to deliver double-digit growth in Q3. Sales increased by 19% y-o-y to SEK 964m (+2% vs. ABGSCe 944m, +6% vs. Nordic Core Consensus “NC” 913m), of which 12% was organic (ABGSCe 11%). The Russian construction equipment market grew by 5%, compared to the company’s new unit sales of 2%, slightly below the market. The Aftermarket and Contracting Services business continued to grow nicely, providing an accretive boost to gross margins."
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