Last kr8.75 DKK
Change Today -0.05 / -0.57%
Volume 17.4K
TKDV On Other Exchanges
Symbol
Exchange
Copenhagen
As of 11:02 AM 08/27/14 All times are local (Market data is delayed by at least 15 minutes).

tk development (TKDV) Snapshot

Open
kr8.85
Previous Close
kr8.80
Day High
kr8.85
Day Low
kr8.70
52 Week High
06/2/14 - kr12.00
52 Week Low
08/28/13 - kr5.30
Market Cap
858.8M
Average Volume 10 Days
65.7K
EPS TTM
--
Shares Outstanding
98.2M
EX-Date
05/19/05
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for TK DEVELOPMENT (TKDV)

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tk development (TKDV) Details

TK Development A/S, through its subsidiaries, develops, sells, and rents real estate properties. It focuses on the development of shopping centers, retail parks, superstores, corporate headquarters, office and residential units, and related mixed and multifunctional projects. The company is also involved in owning, operating, running in, maturing, and optimizing completed projects for a medium-long operating period. It serves retail chains and office users, as well as investors primarily in Denmark, Sweden, Poland, and the Czech Republic. The company was founded in 1960 and is based in Aalborg, Denmark.

87 Employees
Last Reported Date: 06/13/14
Founded in 1960

tk development (TKDV) Top Compensated Officers

Chief Executive Officer, President and Member...
Total Annual Compensation: kr3.2M
Executive Vice President and Member of Execut...
Total Annual Compensation: kr2.4M
Compensation as of Fiscal Year 2014.

tk development (TKDV) Key Developments

TK Development A/S Reports Unaudited Consolidated Earnings Results for the First Quarter Ended April 30, 2014; Reaffirms Earnings Guidance for the Fiscal Year 2015

TK Development A/S reported unaudited consolidated earnings results for the first quarter ended April 30, 2014. For the quarter, the company reported net revenue of DKK 123.3 million against DKK 113.3 million for the same period in the last year. The revenue stems from the sale of projects, rental and fee in-come, etc. Operating profit was DKK 2.5 million against operating loss of DKK 7.7 million for the same period in the last year. Profit before tax was DKK 5.3 million against loss before tax of DKK 21.3 million for the same period in the last year. Profit for the period was DKK 7.3 million against loss of DKK 16.2 million for the same period in the last year. Basic and diluted earnings per share were DKK 0.1 against loss of DKK 0.3 for the same period in the last year. Cash flows from operating activities were DKK 15.1 million against DKK 32.0 million for the same period in the last year. This amount is mainly a combined result of the reduction in funds tied up in projects following project sales/accumulation of forward funding, interest and tax paid, as well as other operating items. Net interest-bearing debt amounted to DKK 1,515.5 million at April 30, 2014 against DKK 1,890.9 million at January 31, 2014. Return on equity was 1.9%. The company reaffirmed earnings guidance for the fiscal year 2015. For the period, the management anticipates positive results of about DKK 40 million before tax, excluding discontinuing activities.

TK Development A/S to Approve Amendments to the Articles of Association

TK Development A/S announced that its shareholders at the Annual General Meeting to be held on April 30, 2014 will consider and approve the proposal that the age limit of 70 for election to the Board of Directors be deleted from the Articles of Association, which specifically means that item 9.2 of the Articles of Association, reading as "Persons who have reached the age of 70 are not eligible for election to the Board of Directors. A member of the Board of Directors shall retire from the Board no later than at the first Annual General Meeting following the member's 70th birthday." shall be deleted, and the present item 9.3 shall become item 9.2. Pursuant to item 6.1 of the Articles of Association, the proposed resolution is subject to the affirmative votes of not less than two-thirds of the votes cast as well as of the voting stock represented at the General Meeting.

TK Development A/S Announces Audited Consolidated and Parent Earnings Results for the Year Ended January 31, 2014; Provides Earnings Guidance for the Fiscal Year 2015

TK Development A/S announced audited consolidated and parent earnings results for the year ended January 31, 2014. For the year, on consolidated basis, the company reported net revenue of DKK 407 million against DKK 632.3 million for the same period in the last year. Profit before financing and depreciation was DKK 72.9 million against loss before financing and depreciation of DKK 238.9 million for the same period in the last year. Operating profit was DKK 71.5 million against operating loss of DKK 241.1 million for the same period in the last year. Loss before tax was DKK 35 million against DKK 326.0 million for the same period in the last year. Loss for the year was DKK 49 million against DKK 493.3 million for the same period in the last year. Basic and diluted loss per share was DKK 0.7 against DKK 8.5 for the same period in the last year. Cash flows from operating activities were DKK 55.6 million against DKK 45.6 million for the same period in the last year. Investments in equipment, fixtures and fittings were DKK 0.2 million against DKK 0.2 million a year ago. Net interest bearing debt amounted to DKK 1,890.9 million at 31 January 2014 against DKK 2,206.1 million at 31 January 2013. Negative return on equity was 3.4% compared to 30.2% for the same period in the last year. For the year, on parent basis, loss before tax was DKK 72.0 million against DKK 285.6 million a year ago. The loss after tax amounted to DKK 86.8 million against DKK 333.8 million the year before. The results include income from investments in group enterprises in the amount of DKK 130.0 million against DKK 336.1 million the year before. For the fiscal year 2015, management anticipates positive results of about DKK 40 million before tax, excluding discontinuing activities.

 

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