August 27, 2016 9:47 AM ET

Energy Equipment and Services

Company Overview of Cecon ASA

Company Overview

Cecon ASA operates as an offshore and subsea installation contractor in Norway, west African Continental Shelf, and internationally. The company is involved in the fields of project management, engineering, and subsea installation for the offshore oil and gas, and renewables industry. Its project consists of the installation of rigid and flexible pipelines, umbilicals, and cables. The company lays, repairs, and maintains subsea pipes. Cecon ASA is based in Arendal, Norway.

Kystveien 226

Arendal,  4841

Norway

Phone:

47 37 06 08 80

Fax:

47 37 06 28 99

Key Executives for Cecon ASA

Managing Director and Business Development Director
Age: 47
Chief Financial Officer
Age: 68
Chief Executive Officer of Rever offshore AS
Age: 51
Manager of Marine Assets
New Building Director and Cecon Site Manager - Davie
Age: 72
Compensation as of Fiscal Year 2016.

Cecon ASA Key Developments

Cecon ASA(OB:CECON) dropped from MSCI Acwi + Frontier Markets(acwi Fm) All Cap Index

Cecon ASA(OB:CECON) dropped from MSCI Acwi + Frontier Markets(acwi Fm) All Cap Index

Cecon ASA Announces Resignation of Johan Hagenaes from the Board

Cecon ASA has received notice that Johan Hagenaes has elected to step down from the board. This due to personal reasons.

Cecon ASA Announces Unaudited Consolidated and Standalone Earnings Results for the Fourth Quarter and Year Ended December 31, 2014

Cecon ASA announced unaudited consolidated and standalone earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, on consolidated basis, the company reported operating loss of NOK 10,085,000 against NOK 57,218,000 a year ago. Loss before income tax was NOK 35,683,000 against NOK 62,814,000 of prior year period. Loss for the period from continuing operations was NOK 35,683,000 against NOK 62,814,000 a year ago. Loss attributable to owners of the parent was NOK 66,453,000 or NOK 0.394 per basic and diluted share. For the year, on consolidated basis, the company reported revenues of NOK 964,000 against NOK 405,321,000 a year ago. Operating loss was NOK 123,015,000 against NOK 166,559,000 a year ago. Loss before income tax was NOK 185,748,000 against profit before income tax of NOK 941,226,000 of prior year period. Loss for the period from continuing operations was NOK 185,748,000 against profit for the period from continuing operations of NOK 941,226,000 a year ago. Loss attributable to owners of the parent was NOK 44,042,000 or NOK 0.573 per diluted share against profit of NOK 955,900,000 or NOK 3.8230 per diluted share a year ago. Cash flow from operating activities-net was negative at NOK 58,278,000 against NOK 41,460,000 of prior year. Purchases of property, plant and equipment were NOK 636,163,000 against NOK 458,024,000 of prior year. For the quarter, on standalone basis, the company reported revenues of NOK 3,936,000 against NOK 2,770,000 a year ago. Operating loss was NOK 59,068,000 against NOK 3,194,000 a year ago. Loss before income tax was NOK 108,424,000 against NOK 85,371,000 of prior year period. Loss attributable to owners of the parent was NOK 108,424,000 against NOK 85,371,000 a year ago. For the year, on standalone basis, the company reported revenues of NOK 9,780,000 against NOK 6,620,000 a year ago. Operating loss was NOK 36,239,000 against NOK 20,013,000 a year ago. Loss before income tax was NOK 92,928,000 against NOK 128,693,000 of prior year period. Loss attributable to owners of the parent was NOK 92,928,000 against NOK 128,693,000 a year ago.

Similar Private Companies By Industry

Company Name Region
2K Tools AS Europe
4Subsea AS Europe
Ability Drilling ASA Europe
ABM Group AS Europe
Ace Oil Tools AS Europe

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

The information and data displayed in this profile are created and managed by Capital IQ, a Standard & Poor's company. Bloomberg.com 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
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Bloomberg L.P. 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 Cecon ASA, please visit www.cecon.no. 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 bwwebmaster@businessweek.com.