December 18, 2014 3:41 AM ET

Construction and Engineering

Company Overview of Infratek Group AS

Company Overview

Infratek Group AS provides technical services for the development, operation, and securing of critical infrastructures in Norway, Sweden, and Finland. The company offers project planning, construction, maintenance, contingency, and emergency response services for infrastructure and high voltage power grids in the areas of distribution grids, central and regional grids, fibre-optic networks, railway systems, lighting, district heating, transformer stations, cables, and maintenance. It also supplies technical security solutions in the areas of access control, alarm systems, camera monitoring, and locks and fittings; and delivers monitoring and inspection services to power grid companies, as we...

Breivollveien 31

Oslo,  0668

Norway

1,356 Employees

Phone:

47 23 12 88 00

Key Executives for Infratek Group AS

Chief Executive Officer
Age: 54
Chief Financial Officer
Age: 49
Compensation as of Fiscal Year 2014.

Infratek Group AS Key Developments

Infratek ASA Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Infratek ASA reported consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the period, the company reported total revenue of NOK 702.5 million against NOK 677.5 million, a year ago. Operating profit was NOK 40.9 million against NOK 36.0 million, a year ago. Profit before tax and discontinued operations were NOK 22.0 million against NOK 19.0 million, a year ago. Profit was NOK 16.8 million against NOK 19.7 million, a year ago. Net cash used in operations was NOK 25.9 million against NOK 42.8 million a year ago. Investments - fixed assets was NOK 6.1 million against NOK 6.5 million a year ago. The increase in net working capital, which is attributable to higher activity levels, decreased the cash flow from operations by NOK 72.8 million. However, the positive results for the period boosted the cash flow by NOK 22.0 million For the nine months, the company reported total revenue of NOK 1 933.5 million against NOK 677.5 million, a year ago. Operating profit was NOK 83.9 million against NOK 36.0 million, a year ago. Profit before tax and discontinued operations were NOK 29.0 million against NOK 19.0 million, a year ago. Profit was NOK 61.6 million against NOK 19.7 million, a year ago. Net cash used in operations was NOK 22.3 million against NOK 42.8 million a year ago. Investments - fixed assets was NOK 20.8 million against NOK 6.5 million a year ago. Net debt as of September 30, 2014 was NOK 614.1 million against NOK 668.8 million a year ago.

Infratek Group AS Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Infratek Group AS announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total revenues were NOK 684.7 million, operating profit was NOK 48.8 million, profit before tax and discontinued operations of NOK 28.2 million and profit for the period was NOK 60.1 million. Profit attributable to majority's share was NOK 60.1 million. Net cash out flow from operations was NOK 32.0 million. Investments in fixed assets were NOK 11.4 million. On pro forma basis, for the second quarter of 2013, the company reported operating revenue was NOK 687.6 million, operating profit before depreciation was NOK 35.5 million, operating profit was NOK 25.6 million, profit before tax was NOK 23.5 million and profit for the period was NOK 19.1 million. For the six months, the company reported total revenues were NOK 1,231.0 million, operating profit was NOK 43 million, profit before tax and discontinued operations of NOK 7 million and profit for the period was NOK 44.8 million. Profit attributable to majority's share was NOK 45.3 million. Net cash flow from operations was NOK 3.6 million. Investments in fixed assets were NOK 14.7 million. On pro forma basis, for the first six months of 2013, the company reported operating revenue was NOK 1.191.2 million, operating profit before depreciation was NOK 18.1 million, operating loss was NOK 1.6 million, loss before tax was NOK 5.1 million and loss for the period was NOK 4.9 million. As of 30 June 2014, the group's cash and cash equivalents totalled NOK 129.8 million, compared to NOK 170.3 million at the end of 2013 and NOK 71.3 million as of 30 June 2013. The Group's long-term debt is NOK 698.2 million compared to NOK 15.6 million for the same period a year ago. The increase is mainly attributable to the bond issue in May 2014, in addition to interest-bearing loans obtained from Triton Funds.

Infratek Receives Frame Agreement with Vattenfall Eldistribution AB for Delivery of Local Network Projects

Infratek have been awarded a frame agreement with Vattenfall Eldistribution AB, for delivery of local network projects. The agreement implies that Infratek will deliver local network projects in Vattenfall areas Stockholm, Bergslagen, Uppland, Roslagen, South Eastern Götaland, North Eastern Götaland, South West Götaland and North West Götaland. Guaranteed volumes represent an estimated annual value of approximately NOK 70 million. Furthermore, the agreement gives the company opportunities for project deliveries within over headlines and substation at Vattenfall's network in Svealand and Götaland. The contract duration is two years with effect from 1 January 2014, with a further one-year option.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 5, 2014
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