September 28, 2016 2:04 PM ET

Commercial Services and Supplies

Company Overview of RenoNorden AS

Company Overview

RenoNorden AS provides waste collection and related recycling services for municipalities across Norway, Sweden, and Denmark. The company was founded in 2000 and is based in Frogner, Norway. RenoNorden AS operates as a subsidiary of RenoNorden ASA.

Lindebergvegen 3

Frogner,  2016

Norway

Founded in 2000

Phone:

47 63 86 60 80

Fax:

47 63 86 60 81

Key Executives for RenoNorden AS

Chief Executive Officer and Acting Country Manager Norway
Chief Financial Officer
Age: 40
Managing Director
Head of Business Development
Group Financial Controller
Compensation as of Fiscal Year 2016.

RenoNorden AS Key Developments

RenoNorden AS Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2016

RenoNorden AS reported unaudited consolidated earnings results for the first quarter ended March 31, 2016. For the quarter, the company reported revenues of NOK 436.2 million against NOK 414.8 million a year ago, an increase of 5.1 %. EBITDA of NOK 46.1 million down from NOK 62.5 million. One-off costs for recruitment and severance of NOK 3.7 million taken in the quarter. Operating profit was NOK 10.0 million against NOK 32.9 million a year ago. Profit before tax was NOK 3.6 million against NOK 24.0 million a year ago. Profit for the period was NOK 3.9 million against NOK 18.8 million a year ago. Net income was NOK 3.9 million or NOK 0.14 per share against NOK 18.8 million or NOK 0.69 per share a year ago. RenoNorden continued to grow revenue during first quarter of 2016, but experienced disappointing profit levels. This is partly explained by the timing of Easter, one-off costs taken in the quarter. Cash flow from operations was NOK 51.5 million for the quarter against NOK 11.642 million a year ago. Net cash increase was NOK 21.4 million this quarter. On 31 March 2016, net interest bearing debt amounted to NOK 1,044 million against NOK 1,043 million a year ago. Purchase of equipment was NOK 7.755 million against NOK 5.629 million a year ago.

RenoNorden AS Proposes Dividend

RenoNorden AS proposed a dividend of NOK 1.84 per share, payable on 7 June 2016 with ex-date as 26 May 2016.

RenoNorden AS Proposes Dividend for 2015

The board of RenoNorden AS proposed a payout of NOK 50.1 million for 2015 equal to NOK 1.84 per share. The dividend represent 60% of net result for 2015. The dividend will be paid out after approval of the AGM.

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Recent Private Companies Transactions

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

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