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July 31, 2015 3:24 AM ET

Machinery

Company Overview of Jøtul AS

Company Overview

Jøtul AS designs and manufactures cast iron stoves and fireplaces in Norway. It distributes cast iron stoves and fireplaces worldwide. The company’s products are promoted and sold under the ‘Jøtul’ brand name and sub-classified into two specific categories, ‘Jøtul Classic Line’ and ‘Jøtul Modern Line’. It also owns Jøtulpeisen AS, which manufactures surrounds in Norway. Jøtul AS was founded in 1920 and is based in Kråkerøy, Norway.

Langøyveien

Kråkerøy,  1679

Norway

Founded in 1920

800 Employees

Phone:

47 69 35 90 00

Fax:

47 69 34 24 19

Key Executives for Jøtul AS

Chief Executive Officer
Age: 48
Managing Director
Chief Financial Officer
Head of Corporate Communications and Investor Relations - Ratos
Age: 43
Vice President of Sales and Marketing
Age: 65
Compensation as of Fiscal Year 2015.

Jøtul AS Key Developments

Jøtul Announces Earnings Results for the First Quarter Ended March 31, 2015

Jøtul announced earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net sales of SEK 209 million against SEK 196 million a year ago. LBITA was SEK 15 million against SEK 15 million a year ago. Adjusted LBITA was SEK 13 million against SEK 15 million a year ago. Sales, adjusted for currency effects, decreased by 2% which is explained by a weak development in France while the trend for sales in the Norwegian home market was positive during the quarter. Loss before tax was SEK 32 million compared to SEK 21 million a year ago. Interest-bearing net debt at March 31, 2015 was SEK 558 million.

Jøtul Announces Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Impairment Results for the Fourth Quarter Ended December 31, 2014

Jøtul announced earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net sales of SEK 315 million against SEK 337 million a year ago. EBITA was SEK 21 million against SEK 30 million a year ago. Adjusted EBITA was SEK 25 million against SEK 32 million a year ago. For the year, the company reported net sales of SEK 920 million against SEK 930 million a year ago. LBITA was SEK 22 million against SEK 15 million a year ago. Adjusted LBITA was SEK 17 million against SEK 8 million a year ago. Loss before tax was SEK 110 million against SEK 89 million a year ago. For the quarter impairments were recognised of SEK 101 million to SEK 45 million.

Jøtul Announces Earnings Results for the First Quarter Ended March 31, 2014

Jøtul announced earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported net sales of SEK 196 million against SEK 183 million a year ago. LBITA was SEK 15 million against SEK 21 million a year ago. Adjusted LBITA was SEK 15 million against SEK 19 million a year ago. Loss before tax was SEK 21 million against SEK 36 million a year ago. The company announced that sales adjusted for currency effects increased by 4%, due among other things to fewer public holidays compared with the same quarter in the previous year.

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