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Last $0.55 SGD
Change Today -0.015 / -2.68%
Volume 1.6M
As of 5:04 AM 07/3/15 All times are local (Market data is delayed by at least 15 minutes).

vard holdings ltd (VARD) Snapshot

Open
$0.56
Previous Close
$0.56
Day High
$0.56
Day Low
$0.54
52 Week High
07/21/14 - $1.12
52 Week Low
03/19/15 - $0.39
Market Cap
643.1M
Average Volume 10 Days
3.4M
EPS TTM
$0.14
Shares Outstanding
1.2B
EX-Date
04/24/13
P/E TM
23.1x
Dividend
--
Dividend Yield
--
Current Stock Chart for VARD HOLDINGS LTD (VARD)

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vard holdings ltd (VARD) Details

Vard Holdings Limited, an investment holding company, engages in the design and construction of offshore support and specialized vessels for use in the offshore oil and gas exploration and production, and oil services industries worldwide. The company offers anchor handling tug supply vessels, platform supply vessels, and offshore subsea construction vessels; and other specialized vessels, such as research and coast guard vessels, special purpose cable layers, seismic vessels, fishing vessels, forrage carriers, and icebreakers, as well as conventional and LNG-powered car and passenger ferries. It also engages in selling, trading, and engineering activities; and provides electrical/automation installation, project development and ship design, accommodation and pipe installation, ship automation systems, accommodation facility, ship repair and maintenance, and ship engineering services, as well as onshore and offshore industrial services. The company was formerly known as STX OSV Holdings Limited and changed its name to Vard Holdings Limited in April 2013. The company was incorporated in 2010 and is headquartered in Ålesund, Norway. As of January 23, 2013, Vard Holdings Limited operates as a subsidiary of Fincantieri Oil & Gas S.p.A.

10,000 Employees
Last Reported Date: 05/12/15
Founded in 2010

vard holdings ltd (VARD) Top Compensated Officers

Chief Executive Officer, President and Execut...
Total Annual Compensation: $1.4M
Compensation as of Fiscal Year 2014.

vard holdings ltd (VARD) Key Developments

Vard Holdings Limited Secures Contract for One Diving Support and Construction Vessel for Kreuz Subsea

Vard Holdings Limited announce that it has secured a contract for the design and construction of one Diving Support and Construction Vessel for Singapore-based Kreuz Subsea group. The vessel will be of VARD 3 17 design, with a total length of 91.2 meters and a beam of 21.5 meters, and has been developed especially for diving support and subsea construction duties. Designed by Vard Design in Ålesund, Norway, and with hull construction to be carried out at Vard Tulcea in Romania, delivery is scheduled from Vard Søviknes in Norway in second quarter of 2017. The DP2 class vessel will have a 100-ton active heave compensated offshore crane, and is prepared for Remote Operating Vehicles (ROVs). The diving system features a single bell system for a maximum of 12 divers, and can operate in water depths of up to 300 meters with a surface diving spread suitable for air diving in up to 50 meters depth. The diving accommodation is divided into three saturation living chambers. The vessel will be built according to latest SPS regulations, and can accommodate up to 105 persons.

Vard Holdings Limited Announces Executive Changes

The Board of Directors of Vard Holdings Limited announced that Mr. Pier Francesco Ragni, Non-Executive Director of the company, has been appointed as a member of the Remuneration Committee in place of Mr. Giuseppe Bono with effect from 1 June 2015.

Vard Holdings Limited Announces Unaudited Earnings Results for the First Quarter Ended March 31, 2015

Vard Holdings Limited announced unaudited earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported revenue or NOK 3,063 million compared to NOK 2,672 million a year ago. The increase in revenues is caused by higher activity at the yards and with subcontractors. EBITDA before restructuring cost was NOK 65 million compared to NOK 171 million a year ago. Operating profit was NOK 9 million compared to NOK 123 million a year ago. Loss before tax was NOK 206 million compared to profit of NOK 119 million a year ago. Loss for the period was NOK 226 million compared to profit of NOK 85 million a year ago. Loss for the period attributable to equity holders of the company was NOK 92 million compared to profit of NOK 92 million a year ago. Cash flows used in operating activities were NOK 556 million compared to cash flows from operating activities of NOK 311 million a year ago. Cash flow from operating activities can fluctuate significantly from period to period due to changes in working capital. Purchase of property, plant and equipment was NOK 60 million compared to NOK 72 million a year ago. Purchase of intangible assets was NOK 4 million compared to NOK 1 million a year ago. As at March 31, 2015, the company reported net assets value per ordinary share of NOK 3.51.

 

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Industry Analysis

VARD

Industry Average

Valuation VARD Industry Range
Price/Earnings 23.3x
Price/Sales 0.3x
Price/Book 0.9x
Price/Cash Flow 10.8x
TEV/Sales NM Not Meaningful
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