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Last $0.46 SGD
Change Today 0.00 / 0.00%
Volume 240.6K
VARD On Other Exchanges
Symbol
Exchange
Singapore
Berlin
OTC US
As of 10:31 PM 08/2/15 All times are local (Market data is delayed by at least 15 minutes).

vard holdings ltd (VARD) Snapshot

Open
$0.45
Previous Close
$0.46
Day High
$0.46
Day Low
$0.45
52 Week High
08/20/14 - $1.09
52 Week Low
03/19/15 - $0.39
Market Cap
536.9M
Average Volume 10 Days
2.8M
EPS TTM
$0.07
Shares Outstanding
1.2B
EX-Date
04/24/13
P/E TM
38.8x
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.

11,000 Employees
Last Reported Date: 07/21/15
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 Announces Unaudited Group Earnings Results for Second Quarter and Six Months Ended June 30, 2015

Vard Holdings Limited announced unaudited group earnings results for second quarter and six months ended June 30, 2015. For the quarter, the company reported revenue of NOK 2,489 million, operating loss of NOK 21 million, loss before tax of NOK 23 million, profit for the period attributable to equity holders of the company of NOK 58 million or NOK 0.05 per basic and diluted share, cash flows used in operating activities of NOK 481 million, purchase of property, plant and equipment of NOK 74 million compared to the revenue of NOK 2,942 million, operating profit of NOK 140 million, profit before tax of NOK 155 million, profit for the period attributable to equity holders of the company of NOK 140 million or NOK 0.12 per basic and diluted share, cash flows used in operating activities of NOK 123 million, purchase of property, plant and equipment of NOK 116 million for the same quarter a year ago. EBITDA before restructuring cost was NOK 46 million compared to the NOK 189 million for the same quarter year ago. For the six months period, the company reported revenue of NOK 5,552 million, operating loss of NOK 12 million, loss before tax of NOK 229 million, loss for the period attributable to equity holders of the company of NOK 34 million or NOK 0.03 per basic and diluted share, cash flows used in operating activities of NOK 1,037 million, purchase of property, plant and equipment of NOK 134 million compared to the revenue of NOK 5,614 million, operating profit of NOK 263 million, profit before tax of NOK 274 million, profit for the period attributable to equity holders of the company of NOK 232 million or NOK 0.2 per basic and diluted share, cash flows from operating activities of NOK 188 million, purchase of property, plant and equipment of NOK 188 million for the same period a year ago. EBITDA before restructuring cost was NOK 111 million compared to the NOK 360 million for the same period year ago.

Vard Holdings Limited Announces Incorporation of New Subsidiary, Vard Electro Italy Srl, in Italy

The board of directors of Vard Holdings Limited announced the incorporation of a new subsidiary, Vard Electro Italy Srl, in Italy. Vard Electro Italy Srl is owned 100% by Vard Electro AS, a wholly-owned subsidiary of Vard Group AS which is 100% held by the Company. The main business of the new subsidiary will be to deliver turn-key electrical solutions to other parts of the Fincantieri Group. The paid-up capital of the company is EUR 200,000. The investment is funded by internal resources and is not expected to have any material impact on the earnings per share or the net tangible assets per share of the company for the current financial year.

Vard Holdings Limited, Q2 2015 Earnings Call, Jul 22, 2015

Vard Holdings Limited, Q2 2015 Earnings Call, Jul 22, 2015

 

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Industry Analysis

VARD

Industry Average

Valuation VARD Industry Range
Price/Earnings 37.0x
Price/Sales 0.2x
Price/Book 0.7x
Price/Cash Flow 11.2x
TEV/Sales NM Not Meaningful
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