September 21, 2017 4:03 AM ET

Professional Services

Company Overview of Otiga Group AS

Company Overview

Otiga Group AS, through its subsidiaries, provides staffing services in Norway, Sweden, Denmark, and Finland. It offers temporary and permanent staffing, search and selection, outplacement, and consulting services. Otiga Group AS was formerly known as Personalhuset AS. The company was incorporated in 2014 and is based in Oslo, Norway with branches across the Nordic countries.

Dronning Maudsgate 10

Oslo,  0250

Norway

Founded in 2014

220 Employees

Phone:

47 81 58 13 40

Fax:

47 22 41 07 30

Key Executives for Otiga Group AS

Chief Executive Officer
Age: 51
Group Chief Financial Officer
Director of Marketing & Communications
HR Director
Business Delevopment Director
Compensation as of Fiscal Year 2017.

Otiga Group AS Key Developments

Otiga Group AS Reports Unaudited Consolidated Earnings Results for the Second Quarter and Year to Date Ended of June 30, 2017

Otiga Group AS reported unaudited consolidated earnings results for the second quarter and year to date ended of June 30, 2017. For the quarter, the company reported total operating income of NOK 368,350,000 compared to NOK 322,230,000 a year ago. EBITDA was NOK 10,631,000 compared to NOK 16,296,000 a year ago. EBIT was NOK 5,384,000 compared to NOK 11,948,000 a year ago. Loss before tax was NOK 2,570,000 compared profit of NOK 3,916,000 a year ago. Net loss was NOK 1,953,000 compared to profit was NOK 2,937,000 a year ago. Net cash flow from operating activities was NOK 9,397,000. Net investments in property, plant and equipment were NOK 578,000. For the year to date, the company reported total operating income of NOK 684,124,000 compared to NOK 537,012,000 a year ago. EBITDA before restructuring expenses was NOK 15,942,000 compared to NOK 17,807,000 a year ago. EBIT was NOK 5,485,000 compared to NOK 9,436,000 a year ago. Loss before tax was NOK 10,897,000 compared to NOK 7,557,000 a year ago. Net loss was NOK 8,281,000 compared to NOK 5,668,000 a year ago. Net cash used in operating activities of NOK 10,621,000 compared to NOK 21,831,000 a year ago. Net investments in property, plant and equipment were NOK 1,013,000 compared to NOK 945,000 a year ago.

OTIGA AS Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2017

OTIGA AS reported unaudited consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, the company’s total operating income was NOK 315,774,000 against NOK 214,782,000 a year ago. EBITDA was NOK 5,312,000 against NOK 1,511,000 a year ago. EBIT was NOK 101,000 against LBIT of NOK 2,512,000 a year ago. Loss before tax was NOK 8,327,000 against NOK 11,473,000 a year ago. Loss attributable to equity holders of the parent company was NOK 10,353,000 against NOK 10,843,000 a year ago. Net cash flow used in operating activities was NOK 20,019,000 compared to NOK 21,831,000 a year ago. Net investment in property, plant and equipment was NOK 434,000 compared to NOK 945,000 a year ago.

OTIGA Group AS Names Hilde Lekven as CEO

OTIGA Group AS has appointed Hilde Lekven as new CEO for the group. Hilde has extensive leadership, strategy and operational experience from prior positions. Hilde's latest position was in Adecco Norway where she was Director General Staffing and in addition responsible for the brands NAVIGA and Adecco Select. Hilde started in her new position 15 May 2017.

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