Last €3.80 EUR
Change Today +0.01 / 0.26%
Volume 8.6K
HKSAV On Other Exchanges
Symbol
Exchange
Helsinki
As of 11:29 AM 07/23/14 All times are local (Market data is delayed by at least 15 minutes).

hkscan oyj-a shs (HKSAV) Snapshot

Open
€3.84
Previous Close
€3.79
Day High
€3.86
Day Low
€3.80
52 Week High
02/28/14 - €4.49
52 Week Low
11/4/13 - €3.28
Market Cap
209.1M
Average Volume 10 Days
12.5K
EPS TTM
€0.0081
Shares Outstanding
49.6M
EX-Date
04/11/14
P/E TM
467.0x
Dividend
€0.10
Dividend Yield
2.63%
Current Stock Chart for HKSCAN OYJ-A SHS (HKSAV)

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hkscan oyj-a shs (HKSAV) Details

HKScan Oyj, together with its subsidiaries, produces, markets, and sells pork, beef, poultry and lamb products, processed meats, and convenience foods to the retail, food service, industrial, and export customers. It offers white meat, red meat, cold cuts, organic chicken, fresh and frozen pork products, salami chips, and sausages, as well as eggs. The company sells its products under the HK, Kariniemen, Portti, Rakvere, Tallegg, Rigas Miesnieks, Jelgava, Klaipedos Maistas, Scan, Pärsons, Rose, and Sokolów brand names. It operates in Finland, Sweden, Denmark, the Baltic countries, and Poland. The company also exports its products to approximately 50 countries. The company was formerly known as HK Ruokatalo Group and changed its name to HKScan Corporation in January 2007. HKScan Oyj was founded in 1913 and is headquartered in Turku, Finland. HKScan Oyj is a subsidiary of LSO Osuuskunta.

7,418 Employees
Last Reported Date: 05/8/14
Founded in 1913

hkscan oyj-a shs (HKSAV) Top Compensated Officers

Chief Executive Officer, President and Member...
Total Annual Compensation: €676.0K
Compensation as of Fiscal Year 2013.

hkscan oyj-a shs (HKSAV) Key Developments

HKScan Group Provides Earnings Guidance for the Full Year of 2014

HKScan Group expects 2014 full-year operating profit margin excluding non-recurring items, to be 0.5-1.0%. Performance in the last quarter is anticipated to be the strongest. HKScan’s earlier forecast for its operating profit (EBIT) margin excluding non-recurring items was 1-2%. In 2013, the corresponding figure was 0.5%. However, the full-year reported operating profit including non-recurring items is estimated to be significantly higher as a result of the sale of HKScan’s shares in Saturn Nordic Holding AB.

HKScan Oyj Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Provides Earnings Guidance for the Fiscal 2014

HKScan Oyj announced unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported Net Sales were €465.4 million against €507.1 million a year ago. LBIT was €17.5 million against €6.5 million a year ago. Loss before taxes was €16.3 million against €6.7 million a year ago. Loss was €12.9 million against €4.1 million a year ago. LBIT, excluding non-recurring income and expenses was €7.1 million against €3.4 million a year ago. LPS diluted continuing operations was €0.23 against €0.08 a year ago. Net debt was €363 million against €448.7 million a year ago. Net debt decreased compared to previous year €85.8 million, but increased seasonally from the year end by €27.7 million. The group's interest-bearing debt at the end of March stood at €384.7 million against €475.7 million a year ago. Cash flow used in operating activities was €19.6 million against €25.6 million a year ago. Gross capital expenditure on PPE was €11.4 million against €6.1 million a year ago. The company announced a new development programme for 2014 is proceeding as planned. The programme will run until the end of 2014, targeting an annual profit improvement in excess of €20 million and a reduction of over €50 million in net debt. The company expects the operating profit (EBIT) margin excluding non-recurring items to be 1%­2%, and anticipates that the last quarter will be the strongest.

HKScan Restates Earnings Results for the First, Second, Third, Fourth Quarters and Full Year 2013

As of 1 January 2014 HKScan has adopted the new IFRS 10 (Consolidated Financial Statements) and IFRS 11 (Joint arrangements) standards. This means HKScan's results of the joint venture company in Poland and associated companies in Sweden are now recognised in a single line item in the consolidated Group operating profit (EBIT). Poland (Sokolów) is no longer reported as a separate segment in Group reporting. In addition costs incurred by of centralized Group services such as Group Technology and Operations Development are to be invoiced individual by Market Areas as of January 1, 2014. Previously these costs were reported in Group administration. Quarterly and full-year group and Market Area financial information for 2013 has been restated accordingly. For the first quarter of 2013, the company now reported net sales of EUR 507.1 million, LBIT of EUR 6.5 million, loss before taxes of EUR 6.7 million and loss attributable to the equity holders of the parent of EUR 4.2 million against net sales of EUR 590.8 million, LBIT of EUR 1.1 million, loss before taxes of EUR 5.9 million and loss attributable to the equity holders of the parent of EUR 4.1 million reported previously. The company now announced net cash used in operating activities of EUR 25.6 million and gross investments in property, plant and equipment of EUR 6.9 million against net cash used in operating activities of EUR 20.5 million and gross investments in property, plant and equipment of EUR 9.1 million announced previously. The company now announced net debt of EUR 448.7 million against EUR 472.2 million announced previously. For the second quarter of 2013, the company now reported net sales of EUR 531.3 million, EBIT of EUR 0.4 million, profit before taxes of EUR 0.3 million and profit attributable to the equity holders of the parent of EUR 0.4 million against net sales of EUR 623.7 million, EBIT of EUR 5.8 million, profit before taxes of EUR 1.1 million and profit attributable to the equity holders of the parent of EUR 0.6 million reported previously. For the six months, the company now announced net cash from operating activities of EUR 5.2 million and gross investments in property, plant and equipment of EUR 15.8 million against net cash from operating activities of EUR 8.7 million and gross investments in property, plant and equipment of EUR 18.9 million announced previously. The company now announced net debt of EUR 423.7 million against EUR 451.2 million announced previously. For the third quarter of 2013, the company now reported net sales of EUR 526.9 million, EBIT of EUR 7.0 million, profit before taxes of EUR 5.3 million and profit attributable to the equity holders of the parent of EUR 6.7 million against net sales of EUR 623.5 million, EBIT of EUR 10.5 million, profit before taxes of EUR 5.9 million and profit attributable to the equity holders of the parent of EUR 6.7 million reported previously. For the nine months, the company now announced net cash from operating activities of EUR 17.5 million and gross investments in property, plant and equipment of EUR 32.8 million against net cash from operating activities of EUR 31.4 million and gross investments in property, plant and equipment of EUR 35.0 million announced previously. The company now announced net debt of EUR 419.3 million against EUR 445.3 million announced previously. For the fourth quarter of 2013, the company now reported net sales of EUR 547.9 million, EBIT of EUR 10.9 million, profit before taxes of EUR 7.7 million and profit attributable to the equity holders of the parent of EUR 5.6 million against net sales of EUR 640.6 million, EBIT of EUR 15.2 million, profit before taxes of EUR 8.6 million and profit attributable to the equity holders of the parent of EUR 5.6 million reported previously. For the year 2013, the company now reported net sales of EUR 2,113.2 million, EBIT of EUR 11.7 million, profit before taxes of EUR 6.7 million and profit attributable to the equity holders of the parent of EUR 8.7 million against net sales of EUR 2,478.6 million, EBIT of EUR 30.5 million, profit before taxes of EUR 9.7 million and profit attributable to the equity holders of the parent of EUR 8.7 million reported previously. The company now announced net cash from operating activities of EUR 110.8 million and gross investments in property, plant and equipment of EUR 46.8 million against net cash from operating activities of EUR 131.2 million and gross investments in property, plant and equipment of EUR 57.6 million announced previously. The company now announced net debt of EUR 335.3 million against EUR 355.7 million announced previously.

 

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