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Last 45.50 NOK
Change Today 0.00 / 0.00%
Volume 0.0
REM On Other Exchanges
Symbol
Exchange
Oslo
As of 10:30 AM 03/2/15 All times are local (Market data is delayed by at least 15 minutes).

rem offshore asa (REM) Snapshot

Open
--
Previous Close
45.50 NOK
Day High
--
Day Low
--
52 Week High
08/21/14 - 66.50 NOK
52 Week Low
01/22/15 - 42.50 NOK
Market Cap
--
Average Volume 10 Days
0.0
EPS TTM
13.02 NOK
Shares Outstanding
20.3M
EX-Date
05/20/15
P/E TM
--
Dividend
1.50 NOK
Dividend Yield
3.30%
Current Stock Chart for REM OFFSHORE ASA (REM)

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rem offshore asa (REM) Details

Rem Offshore ASA operates offshore vessels in Norway and internationally. The company offers a range of offshore ship services, such as freight and supply-related services, as well as tugging, anchorage, and other maintenance services related to oil fields. It operates supply and anchorage vessels. The company offers its services in the North Sea and the Mediterranean Sea areas, as well as in the Middle East and Australia. It serves oil companies, offshore service companies, and other similar companies. The company was founded in 1978 and is headquartered in Fosnavåg, Norway.

Founded in 1978

rem offshore asa (REM) Top Compensated Officers

Chief Executive Officer and Managing Director
Total Annual Compensation: 1.9M NOK
Chief Financial Officer
Total Annual Compensation: 1.4M NOK
Compensation as of Fiscal Year 2013.

rem offshore asa (REM) Key Developments

Rem Offshore ASA Announces Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Rem Offshore ASA announced consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total revenue of NOK 315,783,000 compared to NOK 263,538,000 a year ago. Operating profit was NOK 117,434,000 compared to NOK 116,238,000 a year ago. Profit before tax was NOK 5,857,000 compared to NOK 78,733,000 a year ago. Profit attributable to majority shareholders was NOK 7,785,000 or NOK 0.38 per basic and diluted share compared to NOK 71,206,000 or NOK 3.50 per basic and diluted share a year ago. Cash flow from operating activities was NOK 88,870,000 compared to NOK 67,722,000 a year ago. Purchases of tangible fixed assets was NOK 29,206,000 compared to NOK 487,132,000 a year ago.

Rem Offshore ASA Proposes Dividend for 2014

The board of directors of Rem Offshore ASA has decided to propose to the annual general meeting to pay a dividend of NOK 1.50 per share for the financial year 2014. The annual general meeting will be held on May 19, 2015. Provided that the annual general meeting approve the proposal, the share will be traded ex-dividend as from May 20, 2015.

Rem Offshore ASA Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

Rem Offshore ASA announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported total revenues of NOK 392,549,000 compared NOK 268,755,000 a year ago. Operating profit was NOK 202,914,000 compared to NOK 106,281,000 a year ago. Profit before tax was NOK 25,437,000 compared to NOK 53,454,000 a year ago. Profit for the period was NOK 25,419,000 compared to NOK 53,424,000 a year ago. Earnings per diluted share was NOK 0.47 compared to NOK 2.65 a year ago. Cash flow from operating activities was NOK 206,428,000 compared to NOK 146,028,000 a year ago. Purchases of tangible fixed assets was NOK 31,201,000 compared to NOK 35,280,000 a year ago. EBITDA was NOK 240,309,000. EBIT was NOK 202,914,000. Return on equity was 1.1% compared to 2.7% a year ago. For the year, the company reported total revenues of NOK 1,412,770,000 compared NOK 970,071,000 a year ago. Operating profit was NOK 721,520,000 compared to NOK 392,240,000 a year ago. Profit before tax was NOK 373,785,000 compared to NOK 188,923,000 a year ago. Profit for the year was NOK 370,721,000 compared to NOK 189,708,000 a year ago. Earnings per diluted share was NOK 16.10 compared to NOK 8.71 a year ago. Cash flow from operating activities was NOK 559,338,000 compared to NOK 283,802,000 a year ago. Purchases of tangible fixed assets was NOK 1,049,791,000 compared to NOK 1,275,804,000 a year ago. EBITDA was NOK 862,496,000. EBIT was NOK 721,521,000. Return on equity was 15.9% compared to 9.5% a year ago.

 

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Industry Analysis

REM

Industry Average

Valuation REM Industry Range
Price/Earnings 3.6x
Price/Sales 0.7x
Price/Book 0.5x
Price/Cash Flow 2.3x
TEV/Sales NM Not Meaningful
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