Rieber & Søn ASA reported earnings results for the fourth quarter and full year ended December 31, 2012. For the year, the company reported net sales of NOK 4,164 million against NOK 4,293 million a year ago. EBITDA was NOK 435 million against NOK 464 million a year ago. EBIT was NOK 47 million against NOK 266 million a year ago. Profit before taxes was NOK 12 million against NOK 229 million a year ago. Loss after taxes was NOK 36 million against profit after tax of NOK 159 million a year ago. ROCE was 1.9% against 9.5% a year ago. Capex was NOK 140 million against NOK 125 million a year ago. Diluted LPS were NOK 0.48 against diluted EPS of NOK 2.08 a year ago. For the quarter, the company reported net sales of NOK 1,088 million against NOK 1,110 million a year ago. EBITDA was NOK 140 million against NOK 111 million a year ago. LBIT was NOK 90 million against EBIT of NOK 66 million a year ago. Loss before taxes was NOK 98 million against profit before tax of NOK 57 million a year ago. Loss after taxes was NOK 112 million against profit after tax of NOK 41 million a year ago. Cash flow from operations was NOK 142 million against NOK 189 million a year ago. Negative ROCE was 13.3% compared to ROCE of 9.2% a year ago. Diluted LPS were NOK 1.47 against diluted EPS of NOK 0.54 a year ago.

Rieber & Søn ASA, Q4 2012 Earnings Call, Feb 21, 2013

Rieber & Søn ASA announced unaudited consolidated financial results for the third quarter and nine months ended September 30, 2012. For the quarter, the company reported net sales of NOK 1,033 million against NOK 1,077 million a year ago. EBITDA was NOK 146 million against NOK 175 million a year ago. EBIT was NOK 98 million against NOK 127 million a year ago. Profit before taxes was NOK 88 million against NOK 116 million a year ago. Profit after taxes was NOK 61 million or NOK 0.80 per diluted share against NOK 79 million or NOK 1.02 per diluted share a year ago. Return on capital employed/ROCE was 14.0% against 17.4% a year ago. For the nine months, the company reported net sales of NOK 3,076 million against NOK 3,182 million a year ago. EBITDA was NOK 296 million against NOK 354 million a year ago. EBIT was NOK 137 million against NOK 199 million a year ago. Profit before taxes was NOK 109 million against NOK 172 million a year ago. Profit after taxes was NOK 75 million or NOK 0.99 per diluted share against NOK 118 million or NOK 1.54 per diluted share a year ago. Return on capital employed/ROCE was 6.9% against 9.6% a year ago. Net cash flow from operations was NOK 159 million against NOK 136 million a year ago. Net proceeds from fixed assets purchased and sold was NOK 90 million against NOK 110 million a year ago. CAPEX was NOK 85 million against NOK 94 million a year ago. Net int.bearing debt was NOK 947 million against NOK 1.014 billion a year ago.