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May 25, 2015 6:39 AM ET

Construction and Engineering

Company Overview of Infratek Group AS

Company Overview

Infratek Group AS provides technical services for the development, operation, and securing of critical infrastructures in Norway, Sweden, and Finland. The company offers project planning, construction, maintenance, contingency, and emergency response services for infrastructure and high voltage power grids in the areas of distribution grids, central and regional grids, fibre-optic networks, railway systems, lighting, district heating, transformer stations, cables, and maintenance. It also supplies technical security solutions in the areas of access control, alarm systems, camera monitoring, and locks and fittings; and delivers monitoring and inspection services to power grid companies, as we...

Breivollveien 31

Oslo,  0668

Norway

1,334 Employees

Phone:

47 23 12 88 00

Key Executives for Infratek Group AS

Chief Executive Officer
Age: 54
Chief Financial Officer
Age: 49
Compensation as of Fiscal Year 2014.

Infratek Group AS Key Developments

Infratek Group AS Reports Audited Consolidated and Parent Company Earnings Results for the Full Year Ended December 31, 2014

Infratek Group AS reported audited consolidated and parent company earnings results for the full year ended December 31, 2014. For the year, on consolidated basis, operating Revenue was NOK 2,773 million. Operating profit was NOK 151 million. Profit before tax and discontinued operations were NOK 88 million. Profit for the period from continuing operations was NOK 56 million. Profit for the period was NOK 91 million. Profit for the period attributable to parent company shareholders was NOK 92 million. Net cash flow from operating activities was NOK 81 million. EBITDA was NOK 187 million. EBIT was NOK 151 million. For the year, on parent company basis, operating loss was NOK 2,528 million. Loss before tax was NOK 38,374,000. Profit for the period was NOK 38,374,000. Net cash flow from operating activities was negative NOK 50,080,000.

Infratek Group AS Announces Consolidated Earnings Results for the Fourth Quarter, Second Half and Year Ended December 31, 2014

Infratek Group AS announced consolidated earnings results for the fourth quarter, second half and year ended December 31, 2014. For the quarter, the company reported operating revenue of NOK 839.0 million against NOK 842.5 million a year ago. Operating profit was NOK 66.8 million against operating loss of NOK 25.7 million a year ago. Profit before tax was NOK 59.3 million against loss before tax of NOK 43.5 million a year ago. Profit for the period was NOK 29.6 million against loss for the period of NOK 49.0 million a year ago. Net cash flow from operations was NOK 103.2 million against NOK 136.9 million a year ago. Investments - fixed assets was NOK 7.9 million against NOK 12.2 million a year ago. For the second half, the company reported operating revenue of NOK 1,541.5 million against NOK 1,520.0 million a year ago. Operating profit was NOK 10.3 million against operating loss of NOK 107.6 million a year ago. Loss before tax was NOK 24.4 million against profit before tax of NOK 81.3 million a year ago. Loss for the period was NOK 29.2 million against profit for the period of NOK 46.4 million a year ago. Cash flow from operations was NOK 94.1 million against NOK 77.3 million a year ago. Adjusted operating profit was NOK 86.6 million against NOK 86.6 million a year ago. Net cash flow from operations was NOK 77.3 million against NOK 94.1 million a year ago. Investments - fixed assets was NOK 14.0 million against NOK 18.7 million a year ago. For the year, the company’s revenues came in at NOK 2,272.5 million, an increase of NOK 60.4 million compared to the same period last year. The Group posted a full year operating profit of NOK 150.6 million, compared to NOK 9.4 million for the prior year. The Group posted a post-tax profit for the year of NOK 91.2 million, compared to a post-tax loss of NOK 34.1 million for the comparable prior-year period. Net cash flow from operations was NOK 80.9 million against NOK 94.1 million a year ago. Investments - fixed assets was NOK 28.7 million against NOK 18.7 million a year ago.

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

Infratek ASA reported consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the period, the company reported total revenue of NOK 702.5 million against NOK 677.5 million, a year ago. Operating profit was NOK 40.9 million against NOK 36.0 million, a year ago. Profit before tax and discontinued operations were NOK 22.0 million against NOK 19.0 million, a year ago. Profit was NOK 16.8 million against NOK 19.7 million, a year ago. Net cash used in operations was NOK 25.9 million against NOK 42.8 million a year ago. Investments - fixed assets was NOK 6.1 million against NOK 6.5 million a year ago. The increase in net working capital, which is attributable to higher activity levels, decreased the cash flow from operations by NOK 72.8 million. However, the positive results for the period boosted the cash flow by NOK 22.0 million For the nine months, the company reported total revenue of NOK 1 933.5 million against NOK 677.5 million, a year ago. Operating profit was NOK 83.9 million against NOK 36.0 million, a year ago. Profit before tax and discontinued operations were NOK 29.0 million against NOK 19.0 million, a year ago. Profit was NOK 61.6 million against NOK 19.7 million, a year ago. Net cash used in operations was NOK 22.3 million against NOK 42.8 million a year ago. Investments - fixed assets was NOK 20.8 million against NOK 6.5 million a year ago. Net debt as of September 30, 2014 was NOK 614.1 million against NOK 668.8 million a year ago.

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