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Last 0.83 NOK
Change Today +0.01 / 1.22%
Volume 301.8K
As of 10:25 AM 07/30/15 All times are local (Market data is delayed by at least 15 minutes).

scana industrier asa (SCI) Snapshot

0.82 NOK
Previous Close
0.82 NOK
Day High
0.83 NOK
Day Low
0.80 NOK
52 Week High
07/31/14 - 6.18 NOK
52 Week Low
07/29/15 - 0.79 NOK
Market Cap
Average Volume 10 Days
-7.60 NOK
Shares Outstanding
Dividend Yield
Current Stock Chart for SCANA INDUSTRIER ASA (SCI)

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scana industrier asa (SCI) Details

Scana Industrier ASA supplies products and system solutions to oil and gas, other energy, and maritime activities within the offshore markets in Europe, the Americas, and Southeast Asia. The company operates through five business areas: Energy, Propulsion, Offshore, Property, and Other Activities. The Energy business area manufactures and sells forged, rotation symmetrical, and long and thin steel components; and raw forged and semi-lathed components, such as axles, rotors, joints, risers, poles, and sheet metals. It is also involved in the manufacture, assembly, testing, and sale, as well as project execution and product development of subsea and riser components; and provision of welding, machining, assembly, and testing of systems for components of various steel and aluminum. The Propulsion business area designs, engineers, produces, sells, and services gears, pitch propellers, and propulsion systems; electronic remote control systems for propulsion and navigation of vessels; and tunnel thrusters, thruster drives and control systems, controllable pitch propellers, bearings, couplings, and propulsion packages, as well as shaft lines, including fixed pitch propellers, and rudders and rudder elements. The Offshore business area engineers, designs, manufactures, sells, and services special equipment for the oil and gas industry; and hydraulic actuators and valve control systems, as well as designs, engineers, repairs, and maintains onshore and offshore equipment. The property business area owns and develops office buildings and residential properties. The Other Activities business area manufactures and sells lifting forks, fork carriers, open die forgings, and other accessories; and provides heat treatment services. The company also provides servicing, repair, and maintenance services. Scana Industrier ASA is headquartered in Stavanger, Norway.

scana industrier asa (SCI) Top Compensated Officers

Group Chief Executive Officer
Total Annual Compensation: 2.6M NOK
Chief Financial Officer and Group Director
Total Annual Compensation: 1.6M NOK
Compensation as of Fiscal Year 2014.

scana industrier asa (SCI) Key Developments

Scana Industrier ASA Announces Cancelled Order for Scana Propulsion

Scana Industrier ASA announced that after signing of the contract Propulsion has received a cancellation from the Chinese shipyard Jiangsu New Yangzi Shipbuilding, related to the building of a 36500 dwt Lake Cargo Ships for a Polish ship owner. The cancelled part of the contract value for Scana Propulsion is estimated to about NOK 30 million. Scana is considering the possibility to submit claims for cancellation costs.

Scana Industrier ASA Announces Amendments of its Existing Bank Facility

Scana Industrier announced that the company has signed a term sheet with DNB, Nordea and Handelsbanken regarding an amendment of existing bank facility and that the company would do a partially underwritten rights issue towards existing shareholders in the Company of up to NOK 100 million. The company can confirm that the three year continuing of existing bank facilities have been signed 10 July 2015.

Scana Industrier ASA Reports Unaudited Earnings Results for the First Quarter of 2015

Scana Industrier ASA reported unaudited earnings results for the first quarter of 2015. For the quarter, the company reported total revenue of NOK 313 million compared to NOK 320 million in the same period in 2014. LBITDA was NOK 3 million compared to NOK 18 million in the same period in 2014. Underlying operations delivered an adjusted EBITDA of NOK 4 million in the first quarter. Net and gross interest bearing debt was NOK 348 million and NOK 426 million respectively as of the end of the quarter. Pro forma EBITDA for the continuing business adjusted for the bankruptcy of Scana Steel Stavanger, the sale of Soderfors and Leshan, as well as minor extraordinary non-operations related events, was NOK 39 million compared to the reported LBITDA of NOK 60 million for 2014.


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