Last $12.04 USD
Change Today 0.00 / 0.00%
Volume 0.0
EKRNF On Other Exchanges
Symbol
Exchange
Oslo
OTC US
Frankfurt
As of 4:30 PM 09/24/14 All times are local (Market data is delayed by at least 15 minutes).

ekornes asa (EKRNF) Snapshot

Open
--
Previous Close
$12.04
Day High
--
Day Low
--
52 Week High
04/17/14 - $15.52
52 Week Low
09/24/14 - $12.04
Market Cap
--
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
36.8M
EX-Date
05/13/14
P/E TM
--
Dividend
$6.30
Dividend Yield
7.71%
Current Stock Chart for EKORNES ASA (EKRNF)

Related News

No related news articles were found.

ekornes asa (EKRNF) Related Businessweek News

No Related Businessweek News Found

ekornes asa (EKRNF) Details

Ekornes ASA develops, manufactures, markets, and sells furniture and mattresses for the home furnishings market. It offers recliners, sofas, loveseats, and accessories under the Stressless brand; sofas under the Ekornes brand; and mattresses under the Svane brand. The company sells its products through a network of national and regional sales companies, distributors, and retail outlets worldwide. Ekornes ASA was founded in 1934 and is headquartered in Ikornnes, Norway.

1,491 Employees
Last Reported Date: 11/12/14
Founded in 1934

ekornes asa (EKRNF) Top Compensated Officers

Chief Financial Officer and Group Financial D...
Total Annual Compensation: 2.8M NOK
International Marketing Director
Total Annual Compensation: 2.1M NOK
Director of Stressless Division, Managing Dir...
Total Annual Compensation: 2.1M NOK
Director of Svane
Total Annual Compensation: 1.9M NOK
Director of Product Development
Total Annual Compensation: 1.8M NOK
Compensation as of Fiscal Year 2013.

ekornes asa (EKRNF) Key Developments

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

Ekornes ASA reported consolidated earnings results for the third quarter and nine months ended 30 September 2014. For the quarter, the company reported operating revenue of NOK 668.2 million, operating result of NOK 74.2 million, ordinary activities before tax of NOK 69.3 million, result after tax of NOK 47.8 million or NOK 1.30 per basic and diluted share against operating revenue of NOK 603.6 million, operating result of NOK 48.1 million, ordinary activities before tax of NOK 50.4 million, result after tax of NOK 34.4 million or NOK 0.93 per basic and diluted share a year ago. For the nine months, the company reported operating revenue of NOK 1,971.7 million, operating result of NOK 192.9 million, ordinary activities before tax of NOK 192.7 million, result after tax of NOK 133.0 million or NOK 3.61 per basic and diluted share against operating revenue of NOK 1,941.3 million, operating result of NOK 216.7 million, ordinary activities before tax of NOK 236.7 million, result after tax of NOK 165.2 million or NOK 4.48 per basic and diluted share a year ago. Net cash outflows from operating activities were NOK 6.1 million against net cash inflows from operating activities of NOK 176.5 million a year ago. Payments for purchase of property, plant & equipment was NOK 80.5 million against NOK 113 million a year ago.

Ekornes ASA Announces Resignation of Robert Svendsen as CFO

Ekornes ASA announced needs capacity and competence in areas important to the Group's development and future, both as a consequence of its takeover of IMG and in other areas. In this connection, agreement has been reached with the current CFO, Robert Svendsen, in order to release him for such tasks. Robert Svendsen will remain as CFO until his replacement has been appointed and taken up the position. Mr. Svendsen will withdraw from the company's executive management team when he leaves his current post, and will report direct to Ekornes's CEO.

Ekornes ASA Announces Group Earnings Results for the Second Quarter and First Half Ended June 30, 2014; Announces Executive Changes on 13 October 2014

Ekornes ASA announced group earnings results for the second quarter and first half ended June 30, 2014. For the quarter, the company reported operating Revenue was NOK 631.3 million against NOK 649 million a year ago. Operating result was NOK 52 million against NOK 78.4 million a year ago. Ordinary result before taxes was NOK 60.6 million against NOK 85.5 million a year ago. Result after tax was NOK 41.6 million against NOK 60.0 million a year ago. Diluted earnings per share were NOK 1.13 against NOK 1.63 a year ago. For the first half, the company reported operating Revenue was NOK 1,303.5 million against NOK 1,337.8 million a year ago. Operating result was NOK 118.7 million against NOK 168.7 million a year ago. Ordinary result before taxes was NOK 123.4 million against NOK 186.3 million a year ago. Result after tax was NOK 85.2 million against NOK 130.8 million a year ago. Diluted earnings per share were NOK 2.31 against NOK 3.55 a year ago. The decrease in profits and margins can largely be attributed to reduced order receipts caused by the still challenging market situation, with developments being particularly negative in Central Europe. Net operating cash outflow activities was NOK 67.5 million against inflow of NOK 59.2 million a year ago. Payments for purchase of property, plant and equipment was NOK 51.7 million against NOK 71.6 million a year ago. The company's new CEO, Olav Holst-Dyrnes, will take up his appointment on 13 October 2014. Acting CEO, Nils-Fredrik Drabløs will remain with the company until the end of December 2014.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
EKRNF:US $12.04 USD 0.00

EKRNF Competitors

Market data is delayed at least 15 minutes.

Company Last Change
No competitor information is available for EKRNF.
View Industry Companies
 

Industry Analysis

EKRNF

Industry Average

Valuation EKRNF Industry Range
Price/Earnings 100.0x
Price/Sales 1.1x
Price/Book 2.0x
Price/Cash Flow 19.9x
TEV/Sales 1.1x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

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.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.