Last 9.31 NOK
Change Today +0.01 / 0.11%
Volume 98.5K
ELT On Other Exchanges
As of 10:25 AM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

eltek asa (ELT) Snapshot

9.30 NOK
Previous Close
9.30 NOK
Day High
9.31 NOK
Day Low
9.01 NOK
52 Week High
06/12/14 - 9.78 NOK
52 Week Low
09/24/13 - 5.70 NOK
Market Cap
Average Volume 10 Days
0.48 NOK
Shares Outstanding
0.75 NOK
Dividend Yield
Current Stock Chart for ELTEK ASA (ELT)

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eltek asa (ELT) Details

Eltek ASA, through its subsidiaries, develops, manufactures, and markets power systems and solutions for telecommunications and datacenters, power utilities, railway and metro, marine and offshore, solar, and other industries. The company’s power systems build on various power conversion modules and controllers, assembled into complete solutions meeting the required power and voltage ratings for different applications. It offers converters, rectifiers, inverters, monitoring, systems, enclosures, static bypass switches, and solar converters. The company also provides a range of services, including site surveys, project management, installation and commissioning, preventive maintenance, battery maintenance, emergency services, and product repair and training. Eltek ASA offers its solutions in approximately 100 countries worldwide. The company was founded in 1971 and is headquartered in Drammen, Norway.

2,400 Employees
Last Reported Date: 07/18/14
Founded in 1971

eltek asa (ELT) Top Compensated Officers

Group Chief Executive Officer
Total Annual Compensation: 6.0M NOK
Chief Financial Officer
Total Annual Compensation: 1.3M NOK
Compensation as of Fiscal Year 2013.

eltek asa (ELT) Key Developments

Eltek Signs Railway Contract in Africa

Eltek signed a significant railway contract in Africa with a global infrastructure supplier. The contract covers powering signaling equipment, and the order value is EUR 1.4 million. Railway & metro is one of three identified industrial niches where Eltek sees growth opportunities in leveraging the company's investments in high-efficiency power systems for the telecom industry. The other two are Power utilities and Marine & Offshore. High-efficiency products are key in order to minimize electricity consumed, but even more importantly in order to minimize loss in the form of heat, which is challenging in the hot climate where this equipment will be installed.

Eltek Signs Global Agreement with Siemens

Eltek has reached another important milestone by signing a global frame contract with Siemens. The contract is within the Industrial applications segment, where Eltek sees strong growth going forward, as the company leverages technology investments and economies of scale from the Telecom segment to penetrate certain parts of the industrial market. The contract will cover potential business within railway and power utility, which are among the industrial niches in which Eltek has specialized.

Eltek Receives Contract for Power Systems

Eltek has been awarded a major contract for power systems by a leading telecom operator in the APAC region. The total value of the contract is estimated to approximately NOK 175 million based on the requirements specified in the contract. Deliveries will start immediately and continue for three years or until the value is reached. The contract covers supply of high efficiency products, solutions and services for transmission and radio access in their mobile networks in Singapore and Australia.


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Valuation ELT Industry Range
Price/Earnings 12.8x
Price/Sales 0.8x
Price/Book 3.2x
Price/Cash Flow 57.7x
TEV/Sales 0.4x

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