ekornes asa (EKRNF) Key Developments
Ekornes Reports Group Earnings Results for the Second Quarter and First Half of 2015
Aug 19 15
Ekornes reported group earnings results for the second quarter and first half of 2015. For the quarter, the company reported operating revenues of NOK 789.8 million. This is NOK 158.5 million more than in the same period last year. The increase in revenues derives principally from IMG (NOK 104.7 million), which was not part of the Group until 1 November 2014, and from changes in exchange rates (NOK 49 million). The company made an operating profit of NOK 62.4 million in the second quarter 2015 and had an operating margin of 7.9%.
For the first half, the company's operating revenues totaled NOK 1,688.6 million, NOK 385.1 million more than in the first half of 2014. Operating earnings in the first half year came to NOK 179.9 million, an improvement of NOK 61.2 million compared with the first half of last year.
Ekornes Reports Earnings Results for the First Quarter of 2015
May 20 15
Ekornes reported earnings results for the first quarter of 2015. For the quarter, the company generated gross operating revenues of NOK 898.9 million compared with NOK 226.6 million more than in the same period in 2014. The turnover in the quarter included NOK 107 million from IMG and exchange rate effects of approximately NOK 50 million. Operating earnings (EBIT) came to NOK 82.9 million in the quarter, up 24% on the first quarter 2014. Operating margin in the period came to 9.2%.
Ekornes ASA Proposes Dividend for the Year 2014, Payable on June 1, 2015
Apr 26 15
Ekornes ASA announced that its annual general meeting will be held on May 18, 2015. At the meeting the shareholders will consider the board's proposal to pay dividend of NOK 4 per share for the year 2014. Shareholders holding shares at May 18, 2015 will receive dividend. Ex. date is May 19, 2015. Payment of dividend will take place on June 1, 2015.
Ekornes ASA Reports Consolidated Financial Results for the Fourth Quarter and Full Year Ended Dec. 31, 2014; Proposes Dividend for 2014
Feb 18 15
Ekornes ASA reported consolidated financial results for the fourth quarter and full year ended Dec. 31, 2014. Operating revenues were NOK 785.8 million against NOK 662.7 million for the same period of last year. Operating result was NOK 73.1 million against NOK 88.9 million for the same period of last year. Ordinary result before tax was NOK 55.7 million against NOK 44.8 million for the same period of last year. Result after tax was NOK 27.5 million against NOK 21.6 million for the same period of last year. Diluted earnings per share was NOK 0.75 against NOK 0.54 for the same period of last year.
Operating revenues were NOK 757.5 million against NOK 561.3 million for the same period of last year. Operating result was NOK 266.0 million against NOK 262.9 million for the same period of last year. Ordinary result before tax was NOK 248.9 million against NOK 92.1 million for the same period of last year. Result after tax was NOK 160.5 million against NOK 48.3 million for the same period of last year. Diluted earnings per share was NOK 4.36 against NOK 1.32 for the same period of last year. Cash flow from net operating activities was NOK 215.0 million against NOK 405.7 million for the same period of last year. Payments for purchase of property, plant & equipment was NOK 117.7 million against NOK 150.3 million for the same period of last year.
The board of directors is proposing a dividend for 2014 of NOK 4.00 per share.
Ekornes ASA Announces Management Changes
Nov 28 14
Ekornes ASA announced the appointment of Trine-Marie Hagen as the group's new CFO. Hagen will replace Robert Svendsen who, as previously reported, is moving on to a new position within the company. Hagen has previously served as Vice President Performance Management at Norske Skog, and as CFO at two of Norske Skog's production facilities. Hagen joins Ekornes from her current position as CFO of Mentor Medier AS. The new CFO will take up her appointment on 1 January 2015.