February 25, 2017 6:07 PM ET

Professional Services

Company Overview of OTIGA AS

Company Overview

OTIGA AS provides staffing and recruitment services in the Nordic region. The company offers search and selection, temporary staffing, and consulting and outplacement services. It serves industry and production, office and administration, offshore and maritime, logistics and transportation, customer care, healthcare, school and kindergarten, service, HORECA, and hospitality sectors. OTIGA AS was formerly known as Personalhuset AS. The company was incorporated in 2000 and is based in Oslo, Norway with additional offices in Norway, Sweden, Denmark, and Finland. OTIGA AS is a former subsidiary of ISS Facility Services AS.

Dronning Mauds gate 10

Oslo,  0250

Norway

Founded in 2000

Phone:

47 81 58 13 40

Fax:

47 22 41 07 30

Key Executives for OTIGA AS

Group Chief Executive Officer
Group Chief Financial Officer
Director of Marketing & Communications
HR Director
Business Delevopment Director
Compensation as of Fiscal Year 2016.

OTIGA AS Key Developments

Personalhuset AS has Changed its Name to OTIGA AS

On December 30, 2016, Personalhuset AS changed its name to OTIGA AS.

Personalhuset AS Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2016

Personalhuset AS announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2016. For the quarter, the company reported revenue of NOK 306,925,000 compared to NOK 230,225,000 a year ago. EBITDA was NOK 13,136,000 compared to NOK 20,822,000 a year ago. EBIT was NOK 9,165,000 against NOK 16,676,000 a year ago. Loss before tax was NOK 16,647,000 against profit before tax of NOK 11,693,000 a year ago. Net loss attributable to equity holders of the parent company was NOK 9,441,000 against net profit of NOK 11,682,000 a year ago. Net cash flow used in operating activities was NOK 23,359,000 and net investment in property, plant and equipment was NOK 324,000. For the nine months, the company reported revenue of NOK 843,937,000 compared to NOK 683,753,000 a year ago. EBITDA was NOK 30,943,000 compared to NOK 24,266,000 a year ago. EBIT was NOK 18,602,000 against NOK 13,822,000 a year ago. Loss before tax was NOK 7,211,000 against of NOK 6,814,000 a year ago. Net loss attributable to equity holders of the parent company was NOK 21,588,000 against NOK 4,909,000 a year ago. Net cash flow used in operating activities was NOK 25,682,000 against NOK 7,685,000 a year ago. Net investment in property, plant and equipment was NOK 1,514,000 against NOK 4,434,000 a year ago.

Personalhuset AS Reports Unaudited Consolidated Earnings Results for the Second Quarter and Year to Date Ended of June 30, 2016

Personalhuset AS reported unaudited consolidated earnings results for the second quarter and year to date ended of June 30, 2016. For the quarter, the company reported total operating income of NOK 322,230,000 compared to NOK 227,963,000 a year ago. EBITDA before restructuring expenses was NOK 16,296,000 compared to NOK 15,796,000 a year ago. EBITDA was NOK 16,296,000 compared to NOK 15,796,000 a year ago. EBIT was NOK 11,948,000 compared to NOK 11,398,000 a year ago. Profit before tax was NOK 3,916,000 compared to NOK 1,745,000 a year ago. Net profit was NOK 2,937,000 compared to NOK 3,551,000 a year ago. Net cash flow from operating activities was NOK 4,509,000. Net investments in property, plant and equipment were NOK 245,000. For the year to date, the company reported total operating income of NOK 537,012,000 compared to NOK 453,528,000 a year ago. EBITDA before restructuring expenses was NOK 17,807,000 compared to NOK 26,046,000 a year ago. EBITDA was NOK 17,807,000 compared to NOK 3,444,000 a year ago. EBIT was NOK 9,436,000 compared to LBIT of NOK 2,854,000 a year ago. Loss before tax was NOK 7,557,000 compared to NOK 18,507,000 a year ago. Net loss was NOK 5,668,000 compared to NOK 17,300,000 a year ago. Net cash used in operating activities of NOK 17,322,000 compared to NOK 17,468,000 a year ago. Net investments in property, plant and equipment were NOK 1,191,000 compared to NOK 2,914,000 a year ago.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
December 30, 2016
Aaltovoima Oy
Merger/Acquisition
April 4, 2016
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