Company Overview of Stork B.V.
Stork B.V., through its subsidiaries, provides knowledge-based asset integrity management services to oil and gas, chemical and refining, power, subsea, railway, and food and pharmaceuticals industries worldwide. It offers asset management consultancy services in the areas of strategic asset management, asset reliability management, organization and processes, implementation power, outsourcing, and asset lifecycle; and rotating equipment services, including rotating equipment diagnostics, turbo machinery maintenance, blade production, gearbox repair, pump, and railway services. The company was founded in 1827 and is headquartered in Utrecht, the Netherlands. Stork B.V. operates as a subsidia...
Van Deventerlaan 101
Utrecht, 3528 AG
Founded in 1827
Key Executives for Stork B.V.
Chairman and Chief Executive Officer
Compensation as of Fiscal Year 2015.
Stork B.V. Key Developments
Stork B.V. to Report First Half, 2015 Results on Aug 25, 2015
Aug 25 15
Stork B.V. announced that they will report first half, 2015 results on Aug 25, 2015
Stork Reports Unaudited Consolidated Earnings Results for the Second Quarter and Year to Date Ended of 2015
Aug 25 15
Stork reported unaudited consolidated earnings results for the second quarter and year to date ended of 2015. For the quarter, the company reported revenue of EUR 392.3 million compared to EUR 369.9 million a year ago. Operational result was EUR 12.6 million compared to EUR 13.7 million a year ago. Result before tax was negative at EUR 0.1 million compared to result before tax of EUR 1.6 million a year ago. Result for the period was negative at EUR 2.0 million compared to result for the period of EUR 1.4 million a year ago. Loss attributable to equity holders of the company of EUR 5.5 million compared to profit attributable to equity holders of the company of EUR 1.5 million a year ago. Net cash used in operating activities was EUR 9.4 million compared to EUR 33.2 million a year ago. Investments in property, plant and equipment was EUR 8.7 million compared to EUR 6.1 million a year ago. Net debt increased from EUR 303.3 million in December 2014 to EUR 335.8 million in June 2015 against of EUR 329.9 million in June 2014. Total EBITDA was EUR 30.0 million compared to EUR 25.8 million a year ago.
For the year to date, the company reported revenue of EUR 744.6 million compared to EUR 685.0 million a year ago. Operational result was EUR 14.3 million compared to EUR 11.1 million a year ago. Result before tax was negative at EUR 8.7 million compared to EUR 12.2 million a year ago. Result for the period was negative at EUR 10.3 million compared to result for the period of EUR 11.7 million a year ago. Loss attributable to equity holders of the company of EUR 15.1 million compared to EUR 11.6 million a year ago. Net cash used in operating activities was EUR 22.6 million compared to EUR 45.7 million a year ago. Investments in property, plant and equipment was EUR 14.1 million compared to EUR 9.4 million a year ago. Investments in intangible assets were EUR 0.2 million compared to EUR 0.1 million a year ago. Total EBITDA was EUR 43.5 million compared to EUR 34.8 million a year ago.
Arle Capital Reportedly Looking To Sell Stork
Jun 10 15
Arle Capital Partners Limited is working together with Greenhill & Co and Rabobank on a possible sale of Stork B.V. according to reports. Fokker Technologies Holding B.V., also owned by Arle, is not part of the planned transaction, sources in the know said on June 9, 2015, quoted by AFN. CVC Capital Partners Limited, Clayton, Dubilier & Rice, Inc. and EQT Partners AB are understood to have shown interest in Stork, sale of which could fetch some €500 million. Spokespersons for Arle, CVC, EQT and Rabobank declined to comment when contacted by AFN, while Stork was not available to respond, AFN said.
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