Last 61.75 NOK
Change Today 0.00 / 0.00%
Volume 0.0
REM On Other Exchanges
As of 10:25 AM 09/16/14 All times are local (Market data is delayed by at least 15 minutes).

rem offshore asa (REM) Snapshot

61.75 NOK
Previous Close
61.75 NOK
Day High
61.75 NOK
Day Low
61.75 NOK
52 Week High
12/30/13 - 69.50 NOK
52 Week Low
10/24/13 - 49.10 NOK
Market Cap
Average Volume 10 Days
15.19 NOK
Shares Outstanding
1.50 NOK
Dividend Yield
Current Stock Chart for REM OFFSHORE ASA (REM)

Related News

No related news articles were found.

rem offshore asa (REM) Related Businessweek News

No Related Businessweek News Found

rem offshore asa (REM) Details

Rem Offshore ASA operates offshore vessels in Norway and internationally. The company offers a range of offshore ship services, such as freight and supply-related services, as well as tugging, anchorage, and other maintenance services related to oil fields. It operates supply and anchorage vessels. The company offers its services in the North Sea and the Mediterranean Sea areas, as well as in the Middle East and Australia. It serves oil companies, offshore service companies, and other similar companies. The company was founded in 1978 and is headquartered in Fosnavåg, Norway.

500 Employees
Last Reported Date: 08/21/14
Founded in 1978

rem offshore asa (REM) Top Compensated Officers

Chief Executive Officer and Managing Director
Total Annual Compensation: 1.9M NOK
Chief Financial Officer
Total Annual Compensation: 1.4M NOK
Compensation as of Fiscal Year 2013.

rem offshore asa (REM) Key Developments

Rem Offshore ASA Announces Unaudited Consolidated Earnings Results for the Second Quarter and Year to Date Ended June 30, 2014

Rem Offshore ASA announced unaudited consolidated earnings results for the second quarter and year to date ended June 30, 2014. For the quarter, the company reported total revenue of NOK 335,082,000 compared to NOK 232,702,000 a year ago. Operating profit was NOK 160,140,000 compared to NOK 93,320,000 a year ago. Profit before tax was NOK 106,251,000 compared to NOK 42,503,000 a year ago. Profit attributable to parent company shareholders was NOK 102,985,000 compared to NOK 40,416,000 a year ago. Diluted EPS was NOK 5.07 compared to NOK 2.16 a year ago. Cash flow from operating activities was NOK 135,829,000 compared to NOK 67,309,000 a year ago. Purchases of tangible fixed assets were NOK 518,345,000 compared to NOK 396,695,000 a year ago. EBITDA was NOK 194,983,000. EBIT was NOK 160,140,000. Net interest-bearing debt as at June 30, 2014 was NOK 4,469,236 against NOK 3,280,108 as at June 30, 2013. For the six months, the company reported total revenue of NOK 598,621,000 compared to NOK 413,620,000 a year ago. Operating profit was NOK 275,794,000 compared to NOK 149,563,000 a year ago. Profit before tax was NOK 184,400,000 compared to NOK 50,152,000 a year ago. Profit attributable to parent company shareholders was NOK 173,608,000 compared to NOK 46,035,000 a year ago. Diluted EPS was NOK 8.54 compared to NOK 2.53 a year ago. EBITDA was NOK 342,239,000. EBIT was NOK 275,794,000.

Rem Offshore ASA Enters into a Ship Building Contract

Rem Offshore ASA has entered into a new building contract for one OCV vessel at Vard. The vessel is of the Vard 2 06 design with overall length of 100 meters and a beam of 25 meters. The vessel will be equipped with a 150 ton offshore crane, ROV hangar, prepared for A-frame and accommodation for 90 people. The vessel will be winterized with also ICE 1B hull and so specially designed for the climate in the arctic areas. The vessel will be used for project work including anchor handling as a part of the vessels capacity. The bollard pull will be approx. 400 ton. Delivery from yard will be 1th quarter 2016. The building cost for the vessel is approx. NOK 800 million.

Rem Offshore ASA Enters into Charter Agreement with Micoperi Srl

Rem Offshore ASA has entered into a charter agreement with Micoperi Srl for the OSV vessel Rem Pioneer. The vessel is of MT 6022 L design, and will be delivered from yard 5 of June 2014. The charter has a duration of 10 months firm with further two yearly options. Commencement of the contract is after delivery from yard. Rem Offshore ASA has further entered into a new charter agreement for the MPSV vessel Rem Poseidon with Adams Offshore for three years. The new charter agreement has a firm duration to November 2017 with further two six months options.


Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
REM:NO 61.75 NOK 0.00

REM Competitors

Market data is delayed at least 15 minutes.

Company Last Change
AP Moeller - Maersk A/S kr15,220 DKK +150.00
DOF ASA 24.10 NOK -0.70
Farstad Shipping ASA 86.50 NOK +0.75
Havila Shipping ASA 30.00 NOK +0.30
Solstad Offshore ASA 94.75 NOK -1.75
View Industry Companies

Industry Analysis


Industry Average

Valuation REM Industry Range
Price/Earnings 4.2x
Price/Sales 1.1x
Price/Book 0.6x
Price/Cash Flow 2.8x
TEV/Sales NM Not Meaningful

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact REM OFFSHORE ASA, please visit 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