March 24, 2017 8:17 AM ET

Transportation Infrastructure

Company Overview of A/S Storebælt

Company Overview

A/S Storebælt owns and operates road and railway bridges in Denmark. It undertakes the technical operations and maintenance of the road link and the maintenance of the rail link of the Great Belt Bridge. The company operates the Storebælt toll station at Halsskov with various lanes. It also owns four ferry ports; provides ferry services; and produces power from wind. The company is based in Korsør, Denmark. A/S Storebælt operates as a subsidiary of Sund & Baelt Holding AS.

Storebæltsvej 70

Korsør,  4220

Denmark

Phone:

45 70 15 10 15

Fax:

45 58 30 30 80

Key Executives for A/S Storebælt

Chief Executive Officer
Compensation as of Fiscal Year 2016.

A/S Storebælt Key Developments

A/S Storebælt Announces Audited Consolidated Earnings Results for the Year Ended December 31, 2016

A/S Storebælt announced audited consolidated earnings results for the year ended December 31, 2016. For the year, the company reported operating income of DKK 3,449.8 million compared to DKK 3,556.2 million a year ago. Total income was DKK 3,449.8 million compared to DKK 3,556.2 million a year ago. Operating profit (EBIT) was DKK 2,203.7 million compared to DKK 2,576.4 million a year ago. Profit for the year was DKK 1,303.4 million compared to DKK 1,887.0 million a year ago. Retained earnings were DKK 53.4 million compared to DKK 687.0 million a year ago. Total cash flow from operations was DKK 3,453.7 million compared to DKK 1,696.8 million a year ago. Purchase of property, plant and equipment was DKK 128.1 million compared to DKK 88.2 million a year ago. Purchase of property, plant and equipment was DKK 128.1 million compared to DKK 88.2 million a year ago.

A/S Storebælt to Report Fiscal Year 2016 Results on Mar 17, 2017

A/S Storebælt announced that they will report fiscal year 2016 results on Mar 17, 2017

A/S Storebælt Announces Unaudited Consolidated Earnings Results for Third Quarter and Nine Months Ended September 30, 2016; Revises Earnings Guidance for the Full Year 2016

A/S Storebælt announced unaudited consolidated earnings results for third quarter and nine months ended September 30, 2016. For the quarter, the company reported total income of DKK 926.5 million, EBIT of DKK 382.5 million, profit before tax of DKK 161.3 million, profit after tax of DKK 125.8 million, compared to the total income of DKK 970.5 million, EBIT of DKK 734.2 million, profit before tax of DKK 783.6 million, profit after tax of DKK 611.3 million, for the same quarter a year ago. For the year to date, the company reported total income of DKK 2,613.6 million, EBIT of DKK 1,592.7 million, profit before tax of DKK 852.8 million, profit after tax of DKK 665.2 million, cash flow from operating activities of DKK 2,562.2 million, purchase of facility of DKK 74.2 million compared to the total income of DKK 2,693 million, EBIT of DKK 1,968.1 million, profit before tax of DKK 1,862.8 million, profit after tax of DKK 1,453 million, cash flow from operating activities of DKK 896.4 million, purchase of facility of DKK 61.3 million for the same period a year ago. The company revised earnings guidance for the full year 2016. For the full year company expects result before financial value adjustments and tax has been adjusted down- wards by approximately DKK 300 million to a profit within the range of DKK 1,600 million and DKK 1,655 million. Previously the outlook was for a profit within the range of DKK 1,910 million and DKK 1,965 million. The original budget for 2016 amounted to a profit of DKK 1,720 million.

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