August 25, 2016 11:28 PM ET

Commercial Services and Supplies

Company Overview of Stormgeo Holding AS

Company Overview

Stormgeo Holding AS provides weather forecasting and decision support services to customers worldwide. It offers services in the areas of offshore, onshore, media, renewable, shipping, and aviation aspects. The company was founded in 1997 and is based in Bergen, Norway.

Nordre Nøstekaien 1

Bergen,  5011


Founded in 1997


47 55 70 61 70


47 55 70 61 71

Key Executives for Stormgeo Holding AS

Chief Executive Officer and Managing Director
Chief Financial Officer
Head of Onshore and Chief Executive Officer of Stormgeo Inc
Head of Shipping and Chief Executive Officer of AWT
Chief Meteorologist
Compensation as of Fiscal Year 2016.

Stormgeo Holding AS Key Developments

StormGeo Holding AS Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2016

StormGeo Holding AS reported unaudited consolidated earnings results for the first quarter ended March 31, 2016. For the quarter, the company reported total revenue of NOK 110,489,000 against NOK 105,348,000 a year ago. Operating loss was NOK 688,000 against operating profit of NOK 2,447,000 a year ago. Loss before tax was NOK 15,691,000 against NOK 12,457,000 a year ago. Loss after tax was NOK 12,893,000 or NOK 63 per basic and diluted share against NOK 12,363,000 or NOK 61 per basic and diluted share a year ago. Net cash flow from operating activities was NOK 22,588,000 against NOK 22,021,000 a year ago. Purchase of property, plant and equipment was NOK 4,745,000 against NOK 4,453,000 a year ago. At March 31, 2016, net debt was NOK 318.2 million. EBITDA was NOK 16.1 million compared to NOK 18.3 million a year ago.

StormGeo AS Reports Audited Consolidated Earnings Results for the Year Ended December 31, 2015; Provides Earnings Guidance for the Year 2016

StormGeo AS reported audited consolidated earnings results for the year ended December 31, 2015. For the year, the company reported total revenue from continuing operations of NOK 456,637,000 against NOK 369,519,000 a year ago. Operating profit was NOK 52,109,000 against NOK 34,675,000 a year ago. Profit before tax was NOK 18,273,000 against loss before tax of NOK 13,831,000 a year ago. Profit for the year was NOK 18,990,000 against loss for the year of NOK 23,278,000 a year ago. Earnings per share from continuing operations basic and diluted were NOK 95 against NOK 155 per share a year ago. Net cash flow from operating activities was NOK 101,017,000 against NOK 64,770,000 a year ago. Purchase of property, plant and equipment was NOK 9,712,000 against NOK 8,911,000 a year ago. Capital expenditure was NOK 42,686,000. For the year 2016, the company expects a modest increase in the Group's revenue, EBITDA and cash flow from operations. The growth is driven by increased activities within the market segments shipping, renewable, onshore and aviation.

StormGeo Announces Launch of ForeSight, New Addition to Suite of Weather Forecasting Services

StormGeo announced the launch of ForeSight, the newest addition to its suite of weather forecasting services. The long-range forecasting service provides 30, 90, and 180 day outlooks to be used in predictive analytics, lending insight to hedge risks and make informed decisions. Industry targets include manufacturing and supply chain, retail, finance, agriculture and energy trading. Using complex data sets, weather models, and the expertise of in-house meteorologists, the company's ForeSight provides actionable weather insight by forecasting long-range global temperature and precipitation anomalies. The service can be accessed online through company's customer portal and includes 24/7 live access to meteorologists as well as on-demand video updates.

Similar Private Companies By Industry

Company Name Region
07 MEDIA AS Europe
3D Scanning AS Europe
Abry Design AS Europe
Alanti Invest AS Europe
Arctic Spill Control AS Europe

Recent Private Companies Transactions

August 9, 2016

The information and data displayed in this profile are created and managed by Capital IQ, a Standard & Poor's company. does not create or control the content. For inquiries, please contact Capital IQ directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
Bloomberg L.P. United States
NYC2012, Inc. United States
Rush University United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Stormgeo Holding AS, please visit Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at