Last 77.75 NOK
Change Today -0.25 / -0.32%
Volume 49.2K
VEI On Other Exchanges
Symbol
Exchange
Oslo
As of 10:25 AM 01/26/15 All times are local (Market data is delayed by at least 15 minutes).

veidekke asa (VEI) Snapshot

Open
77.25 NOK
Previous Close
78.00 NOK
Day High
78.50 NOK
Day Low
76.75 NOK
52 Week High
01/26/15 - 78.50 NOK
52 Week Low
01/27/14 - 45.60 NOK
Market Cap
10.4B
Average Volume 10 Days
62.5K
EPS TTM
5.84 NOK
Shares Outstanding
133.7M
EX-Date
05/8/14
P/E TM
13.3x
Dividend
3.00 NOK
Dividend Yield
3.86%
Current Stock Chart for VEIDEKKE ASA (VEI)

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veidekke asa (VEI) Details

Veidekke ASA operates as a construction company in Norway, Sweden, and Denmark. The company operates through Construction, Property, and Industry segments. It builds and constructs new homes, commercial properties, schools, and other public buildings; and renovates and constructs road, railway, hydropower and wind farms, and industrial projects. The company also purchases sites and properties for the development of homes, offices, and shops or buildings for public activities. In addition, it produces and processes asphalt, aggregates, ballasts, crushed stones, sand, and gravel, as well as provides road maintenance services. The company was founded in 1936 and is headquartered in Oslo, Norway.

6,473 Employees
Last Reported Date: 11/6/14
Founded in 1936

veidekke asa (VEI) Top Compensated Officers

Chief Executive Officer and President
Total Annual Compensation: 2.9M NOK
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: 900.0K NOK
Executive Vice President and Head of Building...
Total Annual Compensation: 3.3M NOK
Executive Vice President and Managing Directo...
Total Annual Compensation: 3.0M NOK
Executive Vice President
Total Annual Compensation: 2.6M NOK
Compensation as of Fiscal Year 2013.

veidekke asa (VEI) Key Developments

Veidekke ASA to Buy Nycoveien 2 in Oslo

Veidekke ASA has entered into an agreement with GE Healthcare AS to buy Nycoveien 2 in Oslo. The plan is to rezone the site for housing purposes. Nycoveien 2 is in Nydalen in Oslo and consists of a site of approx. 8,500 m2 of commercial property. The building is currently primarily used as headquarters, R&D and production for GE Healthcare AS, who wish to consolidate this in other buildings. 50% of the property is leased until 1 October 2016, with an option for an extension. Veidekke considers the potential for the development of the property to be greatest if converted to housing purposes. This process will start immediately. The property will be taken over 15 December 2014.

Veidekke ASA Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Veidekke ASA announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, operating revenue was NOK 5,784 million against NOK 5,511 million for the same period a year ago. Operating profit before depreciation (EBITDA) was NOK 446 million against NOK 419 million for the same period a year ago. Operating profit (EBIT) was NOK 359 million against NOK 336 million for the same period a year ago. Earnings before tax were NOK 369 million against NOK 346 million for the same period a year ago. Earnings after tax were NOK 295 million against NOK 268 million for the same period a year ago. Earnings per share were NOK 2.2 against NOK 2.0 for the same period a year ago. Cash flow from operating activities was NOK 275 million against cash used in operating activities of NOK 115.1 million for the same period a year ago. Acquisition/disposal of property, plant and equipment was NOK 77 million against NOK 17 million a year ago. The revenue growth was a result of high activity in several units, and the acquisition of Arcona in Sweden made a positive contribution. Construction and industrial operations were responsible for the profit before tax improvement, while property development showed a decline in profit. For the nine months, operating revenues were NOK 17,309 million against NOK 15,199 million for the same period a year ago. Operating profit before depreciation (EBITDA) was NOK 871 million against NOK 568 million for the same period a year ago. Operating profit (EBIT) was NOK 624 million against NOK 337 million for the same period a year ago. Earnings before tax were NOK 656 million against NOK 364 million for the same period a year ago. Earnings after tax were NOK 525 million against NOK 282 million for the same period a year ago. Earnings per share were NOK 3.8 against NOK 2.1 for the same period a year ago. Cash flow from operating activities was NOK 674 million against NOK 101 million for the same period a year ago. Acquisition/disposal of property, plant and equipment was NOK 307 million against NOK 128 million a year ago.

Veidekke ASA Wins Record Contract in Sweden

Veidekke has signed a contract with Fabege to build new offices for SEB in Arenastaden in Stockholm. This will be one large Swedish office buildings ever with a total floor area of 90,000 m and 4,500 workplaces. The project will be carried out as a turnkey project based on a collaboration model, and it is the first of two stages that has been commissioned. The combined value of the contract is approx. SEK 1.7 billion. The office complex comprises three buildings connected with glass walkways. Within the Veidekke Group there will be close cooperation between Veidekke Bygg Stockholm, Norwegian Veidekke Entrepren-r and Swedish subsidiary Arcona.

 

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Industry Analysis

VEI

Industry Average

Valuation VEI Industry Range
Price/Earnings 11.2x
Price/Sales 0.4x
Price/Book 3.5x
Price/Cash Flow 7.8x
TEV/Sales 0.2x
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