Last 11.05 NOK
Change Today -0.10 / -0.90%
Volume 266.3K
KVAER On Other Exchanges
Symbol
Exchange
Stuttgart
As of 10:25 AM 07/23/14 All times are local (Market data is delayed by at least 15 minutes).

kvaerner asa (KVAER) Snapshot

Open
11.15 NOK
Previous Close
11.15 NOK
Day High
11.25 NOK
Day Low
11.05 NOK
52 Week High
02/27/14 - 13.40 NOK
52 Week Low
10/18/13 - 9.01 NOK
Market Cap
3.0B
Average Volume 10 Days
319.7K
EPS TTM
0.89 NOK
Shares Outstanding
269.0M
EX-Date
10/14/14
P/E TM
12.4x
Dividend
1.25 NOK
Dividend Yield
10.77%
Current Stock Chart for KVAERNER ASA (KVAER)

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kvaerner asa (KVAER) Details

Kværner ASA provides engineering, procurement, and construction services for offshore platforms and onshore plants in Norway, Europe, North America, and internationally. It offers oil and gas steel substructures, steel jackets for offshore platforms, and welding and pipe forming technology; and topsides facilities designed and built for installation on steel jackets and concrete gravity base structures, as well as on various types of floating units. The company is also involved in the design, construction, and installation of marine concrete structures for the upstream oil and gas industry, including concrete substructures for offshore platforms; concrete gravity base structures for liquefied natural gas production and receiving terminals; concept development and front-end engineering and design; engineering and construction management; site construction; and marine operations. In addition, it offers project management, design, engineering, procurement, and construction of onshore oil and gas projects; and decommissioning of offshore oil and gas installations. Further, the company is engaged in the cold forming, prefabrication, and welding of pipes comprising risers, riser tools and special riser joints, riser and tools refurbishment, subsea flow loops and flow control modules, modular process/system skids, high pressure manifolds, piping spools production, and minor steel and aluminum structures, as well as modification and maintenance services. It primarily serves oil and gas operators, and other engineering and fabrication providers. The company has a strategic cooperation agreement with China Offshore Oil Engineering Co. Ltd. Kværner ASA is headquartered in Oslo, Norway.

2,895 Employees
Last Reported Date: 07/16/14

kvaerner asa (KVAER) Top Compensated Officers

Chief Executive Officer and President
Total Annual Compensation: 6.4M NOK
Chief Financial Officer and Executive Preside...
Total Annual Compensation: 3.1M NOK
Executive Vice President of Onshore Americas
Total Annual Compensation: 4.9M NOK
Executive Vice President of Contractors Inter...
Total Annual Compensation: 4.2M NOK
Executive Vice President of Concrete Solution...
Total Annual Compensation: 3.1M NOK
Compensation as of Fiscal Year 2013.

kvaerner asa (KVAER) Key Developments

Kværner ASA, Board Meeting, Jul 15, 2014

Kværner ASA, Board Meeting, Jul 15, 2014. Agenda: To approve the distribution of dividend.

Kværner ASA Approves Semi-Annual Dividend with Payment Date on 24 October 2014

Kværner ASA announced that the board of directors has in line with the company’s dividend policy and pursuant to the power of attorney to approve the distribution of dividend granted to the board by the annual general meeting on 10 April 2014, resolved to approve a semi-annual dividend of NOK 0.64 per share. The dividend payment is expected to take place on 24 October 2014 to shareholders of record as per 13 October. The shares will be traded exclusive dividend from and including 14 October 2014.

Kværner ASA Announces Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Kvaerner ASA announced consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, operating revenues were NOK 2,861 million, while they were NOK 3,278 million in the corresponding quarter last year. The EBITDA was NOK 289 million in the second quarter 2014, compared to the EBITDA of NOK 165 million one year ago. The increased EBITDA result and margin improvement for the second quarter 2014 includes both positive and negative contributions across this portfolio, including recognition of accumulated profit in a project passing 20% progress in the quarter. Operating profit was NOK 272 million compared to NOK 150 million a year ago. Profit before tax was NOK 198 million compared to NOK 124 million a year ago. Net profit attributable to equity holders of the parent company was NOK 96 million or NOK 0.36 basic and diluted per share compared to NOK 75 million or NOK 0.28 basic and diluted per share a year ago. Cash outflow from operating activities was NOK 212 million compared to cash inflow from operating activities of NOK 655 million a year ago. Capital expenditure was NOK 64 million compared to NOK 39 million a year ago. For the six months period, the company reported total revenue and other income of NOK 6,350 million compared to NOK 5,941 million a year ago. Operating profit was NOK 427 million compared to NOK 246 million a year ago. Profit before tax was NOK 333 million compared to NOK 196 million a year ago. EBITDA was NOK 459 million compared to NOK 276 million a year ago. Net profit attributable to equity holders of the parent company was NOK 159 million or NOK 0.59 basic and diluted per share compared to NOK 112 million or NOK 0.42 basic and diluted per share a year ago. Cash outflow from operating activities was NOK 274 million compared to cash inflow from operating activities of NOK 298 million a year ago. Capital expenditure was NOK 105 million compared to NOK 60 million a year ago.

 

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Valuation KVAER Industry Range
Price/Earnings 9.0x
Price/Sales 0.2x
Price/Book 1.2x
Price/Cash Flow 5.3x
TEV/Sales 0.1x
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