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Last 94.00 NOK
Change Today +1.25 / 1.35%
Volume 101.8K
As of 10:25 AM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

veidekke asa (VEI) Snapshot

Open
93.00 NOK
Previous Close
92.75 NOK
Day High
94.00 NOK
Day Low
92.50 NOK
52 Week High
04/13/15 - 100.50 NOK
52 Week Low
10/17/14 - 60.00 NOK
Market Cap
12.6B
Average Volume 10 Days
135.6K
EPS TTM
6.30 NOK
Shares Outstanding
133.7M
EX-Date
05/6/15
P/E TM
14.9x
Dividend
3.50 NOK
Dividend Yield
3.72%
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.

6,367 Employees
Last Reported Date: 08/13/15
Founded in 1936

veidekke asa (VEI) Top Compensated Officers

Chief Executive Officer and President
Total Annual Compensation: 3.9M NOK
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: 2.5M NOK
Executive Vice President and Head of Building...
Total Annual Compensation: 3.7M NOK
Executive Vice President and Managing Directo...
Total Annual Compensation: 3.2M NOK
Executive Vice President
Total Annual Compensation: 2.9M NOK
Compensation as of Fiscal Year 2014.

veidekke asa (VEI) Key Developments

Veidekke ASA to Build 127 Homes at Loren in Oslo

Veidekke Entreprenor has signed a contract with Lorenvangen Utvikling AS, which is jointly owned by OBOS Nye Hjem and Veidekke Eiendom, to build the third and fourth stages of the Gartnerlokka development. The two stages comprise 127 homes and a parking cellar. The total sales value of the homes is NOK 491 million. Sales have been very good at Gartnerlokka. This first two stages are almost sold out, and the first residents move in before the summer of 2016. When completed, Gartnerlokka will comprise a total of 244 homes in five blocks of flats built in four stages. The total sales value of the homes in the whole project is around NOK 1 billion. The five blocks of flats will surround a large, sunny courtyard nearly 5,000 square metres in size, with bushes, trees and fruit trees. There is a broad selection of 2, 3, and 4 room flats, where the flats on the ground floor have their own private garden plot. Additionally, a day-care centre will be built on the ground and first floors of building four, where children living in Gartnerlokka will be given priority.

Veidekke ASA Announces Unaudited Consolidated and Group Segment Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Veidekke ASA announced unaudited consolidated and group segment earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported operating revenues of NOK 6,339 million compared to NOK 6,218 million a year ago. Operating profit before depreciation was NOK 369 million compared to NOK 316 million a year ago. Operating profit was NOK 280 million compared to NOK 237 million a year ago. Profit before tax was NOK 288 million compared to NOK 247 million a year ago. Profit after tax was NOK 231 million compared to NOK 199 million a year ago. Earnings per share were NOK 1.7 compared to NOK 1.4 a year ago. Cash flow used in operating activities was NOK 143 million compared to cash flow from operating activities of NOK 166 million a year ago. Acquisition or disposal of property, plant and equipment was NOK 75 million against NOK 158 million a year ago. For the quarter, on group segment basis, the company reported profit of NOK 318 million, which is 41% higher than the same period last year. Revenue in the second quarter of 2015 amounted to NOK 6.2 billion compared to NOK 6.0 billion in the second quarter of 2014, and profit before tax was NOK 318 billion compared to NOK 225 million a year ago. Earnings per share were NOK 1.9 compared to NOK 1.3 a year ago. Operating profit was NOK 310 million against NOK 215 million a year ago. For the six months, on group segment basis, the company reported revenue of NOK 11,232 million against NOK 11,267 million a year ago. Profit before tax was NOK 276 million against NOK 229 million a year ago. Earnings per share, segment was NOK 1.6 against NOK 1.3 a year ago. Operating profit was NOK 261 million against NOK 207 million a year ago. For the six months, the company reported operating revenues of NOK 11,307 million compared to NOK 11,525 million a year ago. Operating profit before depreciation was NOK 436 million compared to NOK 425 million a year ago. Operating profit was NOK 261 million compared to NOK 265 million a year ago. Profit before tax was NOK 276 million compared to NOK 287 million a year ago. Profit after tax was NOK 221 million compared to NOK 230 million a year ago. Earnings per share were NOK 1.6 compared to NOK 1.7 a year ago. Cash flow used in operating activities was NOK 494 million compared to cash from operating activities of NOK 399 million a year ago. Acquisition or disposal of property, plant and equipment was NOK 160 million against NOK 230 million a year ago.

Veidekke ASA Announces Sales Results for the Second Quarter of 2015

Veidekke ASA announced sales results for the second quarter of 2015. For the quarter, the company reported Home sales of NOK 2.05 billion, of which the company's share was NOK 1.59 billion in the second quarter of 2015. The company sold a total of 554 homes during the second quarter of 2015. Sales remain high in both Norway and Sweden.

 

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VEI:NO 94.00 NOK +1.25

VEI Competitors

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Company Last Change
AF Gruppen ASA 108.00 NOK -1.00
JM AB kr220.50 SEK 0.00
Lemminkainen OYJ €11.94 EUR -0.05
Meritage Homes Corp $41.70 USD +0.11
YIT OYJ €5.45 EUR +0.10
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Industry Analysis

VEI

Industry Average

Valuation VEI Industry Range
Price/Earnings 14.2x
Price/Sales 0.5x
Price/Book 4.9x
Price/Cash Flow 9.9x
TEV/Sales 0.4x
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