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Last 4.70 NOK
Change Today +0.10 / 2.17%
Volume 783.8K
KVAER On Other Exchanges
Symbol
Exchange
OTC US
Stuttgart
As of 10:25 AM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

kvaerner asa (KVAER) Snapshot

Open
4.60 NOK
Previous Close
4.60 NOK
Day High
4.73 NOK
Day Low
4.57 NOK
52 Week High
09/10/14 - 12.05 NOK
52 Week Low
07/8/15 - 4.48 NOK
Market Cap
1.3B
Average Volume 10 Days
560.3K
EPS TTM
0.10 NOK
Shares Outstanding
269.0M
EX-Date
10/13/15
P/E TM
47.0x
Dividend
0.82 NOK
Dividend Yield
27.87%
Current Stock Chart for KVAERNER ASA (KVAER)

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kvaerner asa (KVAER) Details

Kværner ASA provides engineering, procurement, and construction services for offshore platforms and onshore plants of oil and gas operators in Norway, Europe, Canada, and internationally. It offers oil and gas steel substructures, steel jackets for offshore platforms, and welding and pipe forming technology; and topsides facilities designed and built for installation on steel jackets and concrete gravity base structures, as well as on various types of floating units. The company is also involved in the design, construction, and installation of marine concrete structures for the upstream oil and gas industry, which includes concrete substructures for offshore platforms; concrete gravity base structures for liquefied natural gas production and receiving terminals; concept development and front-end engineering and design; engineering and construction management; site construction; and marine operations. In addition, it engages in the project management, design, engineering, procurement, and construction of onshore oil and gas projects; and decommissioning of offshore oil and gas installations. Further, the company is involved in the cold forming, prefabrication, and welding of pipes comprising risers, riser tools and special riser joints, riser and tools refurbishment, subsea flow loops and flow control modules, modular process/system skids, high pressure manifolds, piping spools production, and minor steel and aluminum structures, as well as modification and maintenance services. Kværner ASA was incorporated in 2011 and is headquartered in Oslo, Norway.

2,877 Employees
Last Reported Date: 07/16/15
Founded in 2011

kvaerner asa (KVAER) Top Compensated Officers

Chief Executive Officer and President
Total Annual Compensation: 6.9M NOK
Chief Financial Officer and Executive Preside...
Total Annual Compensation: 4.1M NOK
Executive Vice President of Americas
Total Annual Compensation: 7.5M NOK
Executive Vice President of International Pro...
Total Annual Compensation: 6.9M NOK
Executive Vice President of Jackets Business
Total Annual Compensation: 4.3M NOK
Compensation as of Fiscal Year 2014.

kvaerner asa (KVAER) Key Developments

Kværner AsA Announces Consolidated Earnings Results for the Quarter and Half Year Ended June 30, 2015; Provides Revenue Guidance for the Full Year of 2015; Proposes Semi-Annual Dividend, Payable on October 23, 2015

Kværner ASA announced consolidated earnings results for the quarter and half year ended June 30, 2015. For the quarter, the company reported total revenue and other income of NOK 3,125 million against NOK 2,861 million a year ago. EBITDA was NOK 109 million against NOK 289 million a year ago. Operating profit was NOK 90 million against NOK 272 million a year ago. Profit before tax was NOK 88 million against NOK 198 million a year ago. Profit from continuing operations was NOK 62 million against NOK 123 million a year ago. Net profit attributable to equity holders of the parent company was NOK 36 million against NOK 96 million a year ago. Basic and diluted EPS continuing operations was NOK 0.23 against NOK 0.46 a year ago. Basic and diluted EPS total operations were NOK 0.13 against NOK 0.36 a year ago. Cash flow used in operating activities was NOK 12 million against NOK 212 million a year ago. Capital expenditure was NOK 20 million against NOK 64 million a year ago. Increased revenues are due to increase within business area Onshore mainly offset by lower activity within business area Topsides, where larger projects are recently finalised or in their final phase. The reduction in EBITDA and margin reflects projects with a relatively wide margin range, international business development costs, low capacity utilisation in Jackets and restructuring costs, putting pressure on margins. For the period, the company reported total revenue and other income of NOK 6,650 million against NOK 6,350 million a year ago. EBITDA was NOK 210 million against NOK 459 million a year ago. Operating profit was NOK 173 million against NOK 427 million a year ago. Profit before tax was NOK 165 million against NOK 333 million a year ago. Profit from continuing operations was NOK 115 million against NOK 218 million a year ago. Net profit attributable to equity holders of the parent company was NOK 173 million against NOK 159 million a year ago. Basic and diluted EPS continuing operations was NOK 0.43 against NOK 0.81 a year ago. Basic and diluted EPS total operations were NOK 0.64 against NOK 0.59 a year ago. Cash flow from operating activities was NOK 86 million against cash flow used in operating activities of NOK 274 million a year ago. Capital expenditure was NOK 37 million against NOK 105 million a year ago. For 2015, the company estimates revenue levels of NOK 13 billion to NOK 14 billion (including revenues from jointly controlled entities), an increase from first quarter due to adjustments to project phasing and contributions from new contracts. The board of directors has in line with the company's amended dividend policy and pursuant to the power of attorney to approve the distribution of dividend granted to the board by the annual general meeting on April 9, 2015, resolved to propose a semi-annual dividend of NOK 0.15 per share. The dividend payment is expected to take place on October 23, 2015 to shareholders of record as per October 12, 2015. The shares will be traded exclusive dividend from and including October 13, 2015.

Kværner ASA, Q2 2015 Earnings Call, Jul 16, 2015

Kværner ASA, Q2 2015 Earnings Call, Jul 16, 2015

Kværner ASA and KBR, Inc. Joint Venture Wins Johan Sverdrup Platform Contract

Kvaerner in a joint venture with KBR has signed a contract with Statoil for the complete delivery of the platform topside to the Johan Sverdrup field development. The agreement to deliver the deck for the utility and living quarter (ULQ) platform comes after a tough international competition, where Kvaerner-KBR presented the best overall bid. The agreement has an estimated total value for the Kvaerner- KBR partnership of approximately NOK 6.7 billion. Kvaerner-KBR joint venture will execute the engineering, procurement and construction (EPC) for the ULQ topside as one complete delivery. The agreement also includes an option for commissioning assistance and offshore hook-up for the platform. As part of a strategic development, Kvaerner has reduced costs and increased productivity throughout its businesses. The improvements include changes to its cost base and work processes, as well as a more effective cooperation with partners and subcontractors. The new contract is a result of these efforts. Through the preparations for the Johan Sverdrup bid, Kvaerner and KBR have established a model which leverages the compatible expertise in the joint venture. The partners will therefore continue to also pursue other future prospects, through a strategic relationship.

 

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Price/Book 0.5x
Price/Cash Flow 58.5x
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