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Last 90.75 NOK
Change Today -0.25 / -0.27%
Volume 2.0K
EKO On Other Exchanges
Symbol
Exchange
Oslo
OTC US
Frankfurt
As of 10:25 AM 09/2/15 All times are local (Market data is delayed by at least 15 minutes).

ekornes asa (EKO) Snapshot

Open
90.50 NOK
Previous Close
91.00 NOK
Day High
91.25 NOK
Day Low
90.25 NOK
52 Week High
04/20/15 - 112.00 NOK
52 Week Low
10/16/14 - 69.75 NOK
Market Cap
3.3B
Average Volume 10 Days
13.5K
EPS TTM
4.80 NOK
Shares Outstanding
36.8M
EX-Date
05/19/15
P/E TM
18.9x
Dividend
4.00 NOK
Dividend Yield
4.41%
Current Stock Chart for EKORNES ASA (EKO)

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ekornes asa (EKO) Details

Ekornes ASA develops, manufactures, markets, and sells furniture and mattresses for the home furnishings market in Norway and internationally. It offers reclining armchairs, sofas, loveseats, office chairs, home theater seating, and accessories under the Stressless brand; fixed-back sofas, tables, etc. under the Ekornes brand; and mattresses under the Svane brand. The company markets its products through a network of national and regional sales companies, importers, and retail outlets. Ekornes ASA was founded in 1934 and is headquartered in Ikornnes, Norway.

2,267 Employees
Last Reported Date: 08/19/15
Founded in 1934

ekornes asa (EKO) Top Compensated Officers

International Marketing Director
Total Annual Compensation: 2.5M NOK
Director of Ekornes Beds AS
Total Annual Compensation: 2.0M NOK
Director of Procurement & Logistics/ICT
Total Annual Compensation: 1.8M NOK
Production Director of Stressless Production
Total Annual Compensation: 1.8M NOK
Director of Product Development
Total Annual Compensation: 1.8M NOK
Compensation as of Fiscal Year 2014.

ekornes asa (EKO) Key Developments

Ekornes Reports Group Earnings Results for the Second Quarter and First Half of 2015

Ekornes reported group earnings results for the second quarter and first half of 2015. For the quarter, the company reported operating revenues of NOK 789.8 million. This is NOK 158.5 million more than in the same period last year. The increase in revenues derives principally from IMG (NOK 104.7 million), which was not part of the Group until 1 November 2014, and from changes in exchange rates (NOK 49 million). The company made an operating profit of NOK 62.4 million in the second quarter 2015 and had an operating margin of 7.9%. For the first half, the company's operating revenues totaled NOK 1,688.6 million, NOK 385.1 million more than in the first half of 2014. Operating earnings in the first half year came to NOK 179.9 million, an improvement of NOK 61.2 million compared with the first half of last year.

Ekornes Reports Earnings Results for the First Quarter of 2015

Ekornes reported earnings results for the first quarter of 2015. For the quarter, the company generated gross operating revenues of NOK 898.9 million compared with NOK 226.6 million more than in the same period in 2014. The turnover in the quarter included NOK 107 million from IMG and exchange rate effects of approximately NOK 50 million. Operating earnings (EBIT) came to NOK 82.9 million in the quarter, up 24% on the first quarter 2014. Operating margin in the period came to 9.2%.

Ekornes ASA Proposes Dividend for the Year 2014, Payable on June 1, 2015

Ekornes ASA announced that its annual general meeting will be held on May 18, 2015. At the meeting the shareholders will consider the board's proposal to pay dividend of NOK 4 per share for the year 2014. Shareholders holding shares at May 18, 2015 will receive dividend. Ex. date is May 19, 2015. Payment of dividend will take place on June 1, 2015.

 

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Industry Analysis

EKO

Industry Average

Valuation EKO Industry Range
Price/Earnings 18.0x
Price/Sales 1.0x
Price/Book 2.4x
Price/Cash Flow 10.1x
TEV/Sales 0.8x
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