Commercial Services and Supplies
Company Overview of RenoNorden AS
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.
Founded in 2000
Key Executives for RenoNorden AS
Chief Executive Officer and Acting Country Manager Norway
Head of Business Development
Group Financial Controller
Country Manager of Denmark
Compensation as of Fiscal Year 2016.
RenoNorden AS Key Developments
RenoNorden AS, Special/Extraordinary Shareholders Meeting, Jan 10, 2017
Jan 9 17
RenoNorden AS, Special/Extraordinary Shareholders Meeting, Jan 10, 2017, at 12:00 Central European Standard Time. Location: Carnegie AS, Fjordalléen 16 N-0250 Oslo Norway Agenda: To consider election of the Chairman for the meeting; to consider approval of the notice and the agenda; to consider election of a person to co-sign the minutes; and to consider proposal of rights issue.
RenoNorden Reports Cash Flow Results for the Year to Date of 2016
Dec 19 16
RenoNorden reported cash flow results for the year to date of 2016. For the year to date, the company reported net cash flows from operating activities of NOK 109.3 million. Purchases of property, plant and equipment was NOK 186.5 million compared to NOK 263.3 million a year ago.
RenoNorden AS Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2016
May 11 16
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.
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