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Last $13.83 USD
Change Today 0.00 / 0.00%
Volume 0.0
As of 8:10 PM 05/26/15 All times are local (Market data is delayed by at least 15 minutes).

ekornes asa (EKRNF) Key Developments

Ekornes Reports Earnings Results for the First Quarter of 2015

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

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

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

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.

Ekornes ASA Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended 30 September 2014

Ekornes ASA reported consolidated earnings results for the third quarter and nine months ended 30 September 2014. For the quarter, the company reported operating revenue of NOK 668.2 million, operating result of NOK 74.2 million, ordinary activities before tax of NOK 69.3 million, result after tax of NOK 47.8 million or NOK 1.30 per basic and diluted share against operating revenue of NOK 603.6 million, operating result of NOK 48.1 million, ordinary activities before tax of NOK 50.4 million, result after tax of NOK 34.4 million or NOK 0.93 per basic and diluted share a year ago. For the nine months, the company reported operating revenue of NOK 1,971.7 million, operating result of NOK 192.9 million, ordinary activities before tax of NOK 192.7 million, result after tax of NOK 133.0 million or NOK 3.61 per basic and diluted share against operating revenue of NOK 1,941.3 million, operating result of NOK 216.7 million, ordinary activities before tax of NOK 236.7 million, result after tax of NOK 165.2 million or NOK 4.48 per basic and diluted share a year ago. Net cash outflows from operating activities were NOK 6.1 million against net cash inflows from operating activities of NOK 176.5 million a year ago. Payments for purchase of property, plant & equipment was NOK 80.5 million against NOK 113 million a year ago.

 

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Price/Sales 1.4x
Price/Book 2.8x
Price/Cash Flow 12.8x
TEV/Sales 1.2x
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