ekornes asa (EKRNF:OTC US)
ekornes asa (EKRNF) Snapshot
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Open
$16.35
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Previous Close
$16.35
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Day High
$16.35
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Day Low
$16.35
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52 Week High
03/18/13 - $16.48
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52 Week Low
09/17/12 - $13.80
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Market Cap
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Average Volume 10 Days
0.0
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EPS TTM
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Shares Outstanding
0.0
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EX-Date
05/16/13
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P/E TM
--
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Dividend
$5.52
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Dividend Yield
5.79%
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Related News
ekornes asa (EKRNF) Related Businessweek News
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Ekornes ASA develops, manufactures, markets, and sells furniture and mattresses for the home furnishings market. The company provides sofas and reclining chairs under the Stressless name; fixed-back sofas under the Ekornes name; and spring and foam mattresses under the Svane name. It also sells tables, accessories, leather care kits, and wooden frames and components. The company markets its products through its sales companies or importers, and distributors worldwide. Ekornes ASA was founded in 1934 and is headquartered in Ikornnes, Norway.
ekornes asa (EKRNF) Top Compensated Officers
ekornes asa (EKRNF) Key Developments
Ekornes ASA reported earnings results for the first quarter of 2013. For the period, the company reported operating revenues of NOK 679.5 million against NOK 666.7 million a year ago. Operating result was NOK 81.0 million against NOK 69.5 million a year ago. Ordinary result before taxes was NOK 54.1 million against NOK 128.9 million a year ago. Result after tax was NOK 37.2 million or NOK 1.02 per basic and diluted share against NOK 92.0 million or NOK 2.50 per basic and diluted share a year ago. Positive net cash from operating activities was NOK 9.6 million against negative net cash from operating activities of NOK 30.6 million a year ago. Payments for purchase of property, plant & equipment was NOK 35.6 million against NOK 16.7 million a year ago.
Ekornes ASA is proposing dividend of NOK 5.50 per share for 2012 compared to NOK 7.50 per share in 2011.
Ekornes ASA reported consolidated earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter, the company reported operating revenues of NOK 721.5 million against NOK 676.7 million a year ago. Operating profit was NOK 113.9 million against NOK 87.0 million a year ago. Ordinary profit before tax was NOK 102.7 million against NOK 95.1 million a year ago. Profit after tax was NOK 63.3 million or NOK 1.72 per basic and diluted share against NOK 67.7 million or NOK 1.84 per basic and diluted share a year ago. Results in the fourth quarter 2012 were negatively affected by adjustments in the value of monetary items in the balance sheet, due to changes in exchange rates through the quarter. For the year, the company reported operating revenues of NOK 2,762.7 million against NOK 2,757.6 million a year ago. Operating profit was NOK 399.0 million against NOK 386.5 million a year ago. Ordinary profit before tax was NOK 373.9 million against NOK 389.6 million a year ago. Profit after tax was NOK 255.8 million or NOK 6.95 per basic and diluted share against NOK 273.9 million or NOK 7.44 per basic and diluted share a year ago. Cash flow from operating activities was NOK 331.2 million compared to NOK 330.3 million a year ago. Payments for purchase of property, plant & equipment were NOK 90.5 million compared to NOK 143.2 million a year ago. The board of directors proposed payment of a NOK 5.50 per share dividend for the 2012.
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| EKRNF:US | $16.35 USD | 0.00 | |
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Industry Analysis
EKRNF
Industry Average
| Valuation | EKRNF | Industry Range |
| Price/Earnings | 12.3x |
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| Price/Sales | 1.3x |
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| Price/Book | 2.0x |
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| Price/Cash Flow | 8.5x |
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| TEV/Sales | 1.2x |
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To contact EKORNES ASA, please visit www.ekornes.com. Company data is provided by Capital IQ. Please use this form to report any data issues.
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