Last $83.66 USD
Change Today 0.00 / 0.00%
Volume 0.0
VCNYF On Other Exchanges
Symbol
Exchange
Helsinki
OTC US
Berlin
OTC US
As of 8:10 PM 03/7/14 All times are local (Market data is delayed by at least 15 minutes).

vacon oyj (VCNYF) Snapshot

Open
$83.66
Previous Close
$41.83
Day High
$83.66
Day Low
$83.66
52 Week High
01/16/14 - $42.38
52 Week Low
05/17/13 - $35.63
Market Cap
1.3B
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
30.6M
EX-Date
03/28/14
P/E TM
--
Dividend
$0.65
Dividend Yield
1.07%
Current Stock Chart for VACON OYJ (VCNYF)

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vacon oyj (VCNYF) Details

Vacon Oyj is engaged in the development, manufacture, and sale of AC drives and inverters worldwide. Its AC drives are used to control the speed of an electrical motor in various industry segments and civil engineering; and inverters are used in the production of renewable energy based on the AC drive technology. The company’s AC drives are used in pumps, fans, elevators, escalators, conveyors, and compressors, as well as wind and solar power plants. Its products also comprise solar inverters and wind power converters. In addition, the company provides engineering, start-up, maintenance, upgrade, spare parts, customer support, and training services. Vacon Oyj sells its products directly to end users, as well as through original equipment manufacturers, system integrators, brand label customers, and distributors. It primarily serves machine manufacturing, water treatment, building automation, marine and offshore, renewable energy production, mining, and other sectors. The company has operations in the Asia Pacific; North and South America; and Europe, the Middle East, and Africa. Vacon Oyj was founded in 1993 and is headquartered in Vaasa, Finland.

1,596 Employees
Last Reported Date: 03/4/14
Founded in 1993

vacon oyj (VCNYF) Top Compensated Officers

Chief Executive Officer and President
Total Annual Compensation: €503.0K
Executive Vice President of Market Operations...
Total Annual Compensation: €345.0K
Compensation as of Fiscal Year 2013.

vacon oyj (VCNYF) Key Developments

Vacon Oyj Approves Dividend, Payable on 8 April 2014; Elects Jari Koskinen as New Member of the Board

The AGM adopted the proposal by the Board of Directors of Vacon Oyj to pay a dividend of EUR 1.30 per share. The record day for the dividend payment is 1 April 2014. The dividend will be paid on 8 April 2014. At the AGM held on March 27, 2014, the company elected Jari Koskinen as a new Member of the Board.

Vacon Oyj Announces Board Changes; Proposes Dividend, Payable on April 8, 2014

Vacon Plc announced that at its Annual General Meeting to be held on 27 March 2014, the Board of Directors proposed Pekka Ahlqvist, Jari Eklund, Jan Inborr, Juha Kytola, Panu Routila and Riitta Viitala be re-elected to the Board of Directors for the term of office ending at the close of the Annual General Meeting 2015. Mika Vehvilainen, the current Vice Chairman of the Board of Directors, has informed that he is no longer available for re-election at the Annual General Meeting 2014. As recommended by the Nomination and Remuneration Committee, the Board of Directors proposes that Jari Koskinen be elected as a new member of the Board of Directors for the term of office ending at the close of the Annual General Meeting 2015. All the nominees have given their consent to the position and have stated as their intention, should they be elected, to elect Panu Routila Chairman and Jari Eklund Vice Chairman of the Board, as recommended by the Nomination and Remuneration Committee. Upon the recommendation of the Audit Committee, the Board of Directors proposes that a dividend of EUR 1.30 per share be paid from the Company's profit in 2013. The dividend shall be paid to shareholders who on the dividend record date 1 April 2014 are registered as shareholders in the Company's shareholders' register held by Euroclear Finland Ltd. The Board of Directors proposes that the dividend is paid on 8 April 2014.

Vacon plc Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013; Provides Earnings Guidance for the Fiscal Year of 2014

Vacon Plc reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported revenues of EUR 97.8 million compared to EUR 103.2 million a year ago. Operating profit was EUR 9.7 million compared to EUR 11.0 million a year ago. Profit before taxes was EUR 9.2 million compared to EUR 10.7 million a year ago. Profit for the period was EUR 6.7 million compared to EUR 7.9 million a year ago. Profit attributable to equity holders of the parent was EUR 6.6 million compared to EUR 7.8 million a year ago. Diluted earnings per share was EUR 0.44 compared to EUR 0.51 a year ago. Net cash flow from operating activities was EUR 14.7 million compared to EUR 15.1 million a year ago. Investments in property, plant and equipment was EUR 1.3 million compared to EUR 1.3 million a year ago. Investments in intangible assets were EUR 5.1 million compared to EUR 2.0 million a year ago. Order intake totaled EUR 87.7 million against of EUR 94.4 million, a decline of 7.1% from the corresponding period in previous year. For the full year, the company reported revenues of EUR 403.0 million compared to EUR 388.4 million a year ago. Operating profit was EUR 40.6 million compared to EUR 38.0 million a year ago. Profit before taxes was EUR 39.7 million compared to EUR 37.1 million a year ago. Profit for the period was EUR 28.7 million compared to EUR 26.9 million a year ago. Profit attributable to equity holders of the parent was EUR 28.0 million compared to EUR 26.2 million a year ago. Diluted earnings per share were EUR 1.84 compared to EUR 1.72 a year ago. Net cash flow from operating activities was EUR 46.7 million compared to EUR 52.3 million a year ago. Investments in property, plant and equipment was EUR 8.9 million compared to EUR 5.8 million a year ago. Investments in intangible assets were EUR 11.2 million compared to EUR 6.0 million a year ago. Return on equity was 25.4% compared to 26.1% a year ago. Order intake totaled EUR 399.8 million against of EUR 401.9 million, a decline of 0.5% from the previous year. The company provided earnings guidance for the fiscal year of 2014. For the period, the company estimates that its revenues will increase 5% to 15% and its operating profit percentage excluding one-time items will be 11% to 13% in 2014.

 

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Valuation VCNYF Industry Range
Price/Earnings 32.4x
Price/Sales 2.2x
Price/Book 7.9x
Price/Cash Flow 21.8x
TEV/Sales 2.1x
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