Last 64.00 NOK
Change Today -1.25 / -1.92%
Volume 10.9K
VEI On Other Exchanges
Symbol
Exchange
Oslo
As of 10:25 AM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

veidekke asa (VEI) Snapshot

Open
64.50 NOK
Previous Close
65.25 NOK
Day High
65.00 NOK
Day Low
64.00 NOK
52 Week High
05/30/14 - 70.00 NOK
52 Week Low
09/26/13 - 45.60 NOK
Market Cap
8.6B
Average Volume 10 Days
37.3K
EPS TTM
5.66 NOK
Shares Outstanding
133.7M
EX-Date
05/8/14
P/E TM
11.3x
Dividend
3.00 NOK
Dividend Yield
4.69%
Current Stock Chart for VEIDEKKE ASA (VEI)

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veidekke asa (VEI) Details

Veidekke ASA operates as a construction company in Norway, Sweden, and Denmark. The company operates through Construction, Property, and Industry segments. It builds and constructs new homes, commercial properties, schools, and other public buildings; and renovates and constructs road, railway, hydropower and wind farms, and industrial projects. The company also purchases sites and properties for the development of homes, offices, and shops or buildings for public activities. In addition, it produces and processes asphalt, aggregates, ballasts, crushed stones, sand, and gravel, as well as provides road maintenance services. The company was founded in 1936 and is headquartered in Oslo, Norway.

6,616 Employees
Last Reported Date: 08/14/14
Founded in 1936

veidekke asa (VEI) Top Compensated Officers

Chief Executive Officer and President
Total Annual Compensation: 2.9M NOK
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: 900.0K NOK
Executive Vice President and Head of Building...
Total Annual Compensation: 3.3M NOK
Executive Vice President and Managing Directo...
Total Annual Compensation: 3.0M NOK
Executive Vice President
Total Annual Compensation: 2.6M NOK
Compensation as of Fiscal Year 2013.

veidekke asa (VEI) Key Developments

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

Veidekke ASA announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported operating revenues of NOK 6,218.3 million compared to NOK 5,453.1 million a year ago. Operating profit before depreciation was NOK 316 million compared to NOK 160.1 million a year ago. Operating profit was NOK 237.1 million compared to NOK 85.1 million a year ago. Earnings before tax were NOK 247.5 million compared to NOK 94.4 million a year ago. Earnings after tax were NOK 199.0 million compared to NOK 73.1 million a year ago. Earnings per share were NOK 1.4 compared to NOK 0.5 a year ago. Cash flow from operating activities was NOK 165.6 million compared to NOK 10.4 million a year ago. Purchase of tangible non-current assets was NOK 157.6 million compared to NOK 75.6 million a year ago. For the six months, the company reported operating revenues of NOK 11,524.5 million compared to NOK 9,687.3 million a year ago. Operating profit before depreciation was NOK 425.2 million compared to NOK 149.0 million a year ago. Operating profit was NOK 265.0 million compared to NOK 0.8 million a year ago. Earnings before tax were NOK 287.1 million compared to NOK 18.6 million a year ago. Earnings after tax were NOK 229.6 million compared to NOK 14.4 million a year ago. Earnings per share were NOK 1.7 compared to NOK 0.1 a year ago. Cash flow from operating activities was NOK 399.4 million compared to NOK 216.1 million a year ago. Purchase of tangible non-current assets was NOK 229.6 million compared to NOK 110.5 million a year ago.

Veidekke Asa Wins to Build and Operate PPP Schools for NOK 950 Million

Veidekke ASA has won the PPP competitions to build and operate Rykkinn primary school and Jessheim upper secondary school. The combined project cost is NOK 950 million excluding VAT. Both schools will be future-oriented school facilities and have lofty environmental ambitions in terms of both material use and energy use (passive house standard). Additionally, focus is on good areas for learning and a good indoor environment. The schools will be built as PPP projects (Public Private Partnership), and when completed, Veidekke will be responsible for leasing, operation and maintenance for 25 years. Rykkinn school: The project comprises a new primary school for 630 pupils from stages 1 to 7. The school will have a small sports hall and a comprehensive outdoor area well adapted to the existing terrain. The contract comprises demolition of the existing school, and the design and construction of a modern and future-oriented school. The school will be ready for the start of the school year in 2016. The contractual party for the PPP contract is Bærum municipality. Jessheim upper secondary school: The new upper secondary school will be established on what currently is the parking lot of the existing school north of the centre of Jessheim. The new school will have six branches of study for a total of 1,500 pupils and 240 staff. The school will have four storeys with a gross area of 25,374 m2. In addition, a new pedestrian and cycle path and bus parking lot will be built, as well as an external sports facility and a park in connection with the school. The existing school will be demolished when the new school is completed in the autumn of 2017. Akershus county municipality is the contractual party for the PPP contract.

Veidekke ASA Reports Earnings Results for the First Quarter of 2014

Veidekke ASA reported earnings results for the first quarter of 2014. In the first quarter, turnover was NOK 5.2 billion, which is an increase of 30% compared to last year. Earnings before tax amounted to NOK 4 million, compared with a NOK 63 million deficit in the same period last year. Earnings per share was NOK 0.20 against loss per share of NOK 0.40. The improvement is primarily related to a higher level of activity and better project margins in construction operations, but also contributions from project sales and high activity in Swedish property operations.

 

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VEI

Industry Average

Valuation VEI Industry Range
Price/Earnings 10.6x
Price/Sales 0.4x
Price/Book 3.9x
Price/Cash Flow 7.7x
TEV/Sales 0.2x
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