Grieg Seafood ASA Q Morten Vike CEO. Atle Harald Sandtorv CFO. 15 May griegseafood.com

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Grieg Seafood ASA Q1 2014. Morten Vike CEO. Atle Harald Sandtorv CFO. 15 May 2014. griegseafood.com"

Transcription

1 Grieg Seafood ASA Q Morten Vike CEO Atle Harald Sandtorv CFO 15 May

2 Agenda Highlights Business Units (Regions) Financials Outlook 2

3 HIGHLIGHTS Q

4 Highlights Q First quarter results driven by strong salmon prices. EBIT before fair value adjustment of biomass was NOK 140m against NOK 51m in Seawater production up on last year due to higher water temperatures and improved fish health status. Substantially lower costs in Scotland and some improvement in Finnmark. Extraordinary charge related to the previously reported write-down of smolt in Canada and storm damage in the south of Norway, affects results negatively with NOK 26m. Grieg Seafood Finnmark nominated to be awarded four new green licences (April 2014). Tekst

5 Financial highlights Q Q Q Total operating income (TNOK) EBITDA operational (TNOK) EBIT operational (TNOK) EBIT operational / kg (NOK) 10,70 3,72 Harvest volume (tons gwe) % volume decrease. 27.2% average increase in realised prices NOK per kg op. EBIT in Norway (excl. extraordinary charge). 5

6 BUSINESS UNITS (REGIONS) 6

7 Business units performance Q Operational EBIT before biomass adjustment/kg gwt 9,52 8,05 15,94 4,93-5,44 2,57 10,08-2,93 Rogaland Finnmark BC Scotland Q1 14 Q1 13 Q1 14 Q1 13 Q1 14 Q1 13 Q1 14 Q1 13 Harvest (gwt) Sales MNOK

8 GSF Rogaland Significantly higher prices behind increased profitability. Severe storm damage on one site (as reported in Q4 report) with an extraordinary negative effect of NOK 17m (NOK 7.95 per kg). Higher costs y-o-y: Increased feed costs, treatment costs and contingency costs. Harvested site, previously diagnosed with PD in Q1. Seawater production below expectation, despite higher seawater temperatures: Weather conditions. Emergency harvest due to storm damage. Costs will come down in following quarters. Q Q Harvest (gwt) Sales revenues EBIT adj EBIT adj/kg 9,52 8,05 of which Markets NOK/kg 0,37 0,67 Operational EBIT before biomass adjustment 8

9 GSF Finnmark Significant price increase. Good operational performance. Slight cost reduction y-o-y despite underlying cost increases (feed etc.). EBIT per kg negatively affected by trout: Trout: NOK 13.8 per kg Salmon: NOK 16.9 per kg Final harvest of trout in Q Nominated for 4 new green licenses in Finnmark (total of 10). Seawater production somewhat better than plan (less positive temperature gain in Finnmark than in rest of Norway). Effect of smolt investment materialising in improved production results. Regional director Håkon Volden resigning by end of Q Q Q Harvest (gwt) Sales revenues EBIT adj EBIT adj/kg 15,94 4,93 of which Markets NOK/kg 0,14 0,42 Operational EBIT before biomass adjustment 9

10 New green licenses in Norway Total of 45 new green licenses to be awarded in 2014 (4-5% capacity increase). Grieg Seafood nominatedfor 4 new green licenses in Finnmark (40% of total capacity increase in Finnmark). Represents 17% capacity increase for Grieg Seafood Finnmark. Finnmark licenses to be awarded at a fixed price of NOK 10m per license. Nomination based best concepts in terms of 2 sustainability criteria (escapes and reduction of sea lice). Grieg Seafood Finnmark s application based on a comprehensive integrated (technical and operational) concept to meet both sustainability criteria, a.o.: Large smolts ( g) ECO nets Lice skirts Genetics Mooring sensors Lumpsuckers Specialized employee training module Licenses to be finally awarded following round of appeals from non-nominated applicants. 10

11 GSF BC (Canada) Significant increase in prices, but less than market average: Harvest timing Low superior quality share Smolt write-down (as reported in Q4 report) of NOK 9.1m (NOK 8.6 per kg). Highly unsatisfactory cost level due to very low production level (lost smolt stocking due to furunculosis in 2012). Good seawater production ahead of plan. Smolt stocking to reach level of 15,000 MT (2015) completed by May New generation in hatchery ahead of plan and historical performance. High share of pacific salmon in 2014 (33%). Final stocking of pacific salmon in January Q Q Harvest (gwt) Sales revenues EBIT adj EBIT adj/kg -5,44 2,57 Operational EBIT before biomass adjustment 11

12 GSF Hjaltland (Scotland) Significantly improved result, mainly driven by cost reductions and better biological performance. Some positive contribution of higher prices, but price realisation lagging market/norway: Contracts Weak spot market price realisation Integration of Scottish sales operations in Ocean Quality well underway and is expected to improve results going forward. Continued good operational and biological performance. Seawater production as planned. Escape of 26,000 harvest size fish (cost of NOK 1.6m). Cause identified and corrective actions implemented. New smolt plan being finalized. Expected to start production in summer Q Q Harvest (gwt) Sales revenues EBIT adj EBIT adj/kg 10,08-2,93 Operational EBIT before biomass adjustment 12

13 Ocean Quality AS (sales Norway associated company 60%) Only Norwegian sales per Q1. Improved price realisation vs. previous four quarters. Scotland operationally incorporated per Q1. Expected to be consolidated per Q2. All figures in NOK 1,000 Q Q Sales revenue (MNOK) 739,2 565,7 EBIT (MNOK) 6,2 8,7 Margin 0,8 % 1,5 % 13

14 Financials 14

15 Profit and Loss All figures in NOK 1,000 Q Q Total operating income EBITDA Depreciation and amortisation EBIT before biomass adj Fair value adj biological assets EBIT after biomass adj Share of profit from ass. companies Net financial Profit before tax Estimated taxation Net profit in the period

16 Net financial All figures in NOK 1,000 Q Q Changes in fair value from hedging instruments Net financial interest Net currency gain (losses) Dividends 0 0 Net other financial expenses /-income Net financial item

17 Investments Capex Maintenance level 17

18 Cash Flow Q Q Cash - opening balance EBITDA Inventory, trade payables and trade receivables Other adjustments Cash flow from operations Capital expenditure (fixed assets) Investments in associated companies 0 0 Change in other non-current receiveables Cash flow from investments Changes in interest-bearing debt Paid dividends 0 0 Net interest and financial items Cash flow from financing Currency effect on cash - opening balance Changes in cash (incl currency effect on cash) Cash - closing balance

19 Net Interest Bearing Debt NIBD NIBD/EBITDA NIBD NIBD/EBITDA (waiver ) 19

20 NIBD MNOK Q Q Term Loan Revolving Credit Bond Leasing Other interest bearing debt 5 11 Cash - closing balance NIBD

21 Balance sheet 1 ASSETS Goodw ill Licenses Other intangible assets Property, plant and equipment Investments in associtated and joint venture companies Other non-current assets Total non-current assets Inventories Biological assets Fair value biological assets Accounts receivable Other current receivables Derivates and other financial instruments Cash and cash equivalents Total current assets Total assets

22 Balance sheet 2 EQUITY AND LIABILITIES Share capital Treasury Shares Retained earnings and other equity Total equity Deferred tax liabilities Pension- and other obligations Subordinated loans Borrow ings and leasing Total non-current liabilities Short-term loan facilities Accounts payable Derivates and other financial instruments Other current liabilities Total current liabilities Total liabilities Total equity and liabilities

23 Key financial indicators Q Q EBITDA-margin before adj biomass 28 % 16 % EBIT-margin before adj biomass 22 % 10 % NIBD/EBITDA before adj biomass 2,4 122,1 ROCE before adj biomass 18 % 7 % Equity ratio 44 % 39 % 23

24 OUTLOOK 24

25 Harvest estimate Guiding 2014 (1,000 tons gw e) Rogaland Finnmark BC Scotland GSF Group Q1 2,1 5,8 1,1 4,1 13,1 Growth % -50 % 14 % -46 % 66 % -5 % Q2 4,6 7,3 1,5 4,2 17,6 Growth % -11 % 8 % 36 % 194 % 22 % Q3-Q4 11,8 12,4 4,4 9,7 38,3 Growth % 106 % 10 % 20 % 5 % 28 % Total 18,5 25,5 7,0 18,0 69,0 Growth % 23 % 10 % 4 % 37 % 19 % Maintained harvest estimates of 69,000 MT. Significant increase in Norway and Scotland. 64% of total harvest from Norway. Continued organic growth expected in

26 Supply outlook Higher supply growth in 2014 vs (winter temperatures), but not above long-term demand growth. Expected increased supply growth in Q2/Q3 (Norway). Market expected to be well balanced also in Norway (increased supply due to winter temperatures): 2013: -3% 2014: +7% Chile Lower growth rate: 2013: +29% 2014: +9% UK Limited growth: 2013: -1% 2014: 2% Canada No or limited growth: 2013: -16% 2014: 0% Global supply growth farmed salmon: '05-06 '06-07 '07-08 '08-09 '09-10 '10-11 ' YoY supply growth NOS (Norway) price development : 26

27 Outlook summary 2014 harvest volume guidance maintained at 69,000 tons (+19% vs. 2013). Q2 harvest volume expected at 17,500 tons (+22% vs. 2013). Q2 volume growth mainly originating from Scotland (reflection of significantly improved biological situation). Volume growth in Norway and Scotland in Costs normalising in Rogaland in next quarters. Significant cost reduction in Canada as production will be increasing/normalising. Continued good operational progress in Scotland volumes in Canada will remain low, although underlying production increasing in 2H Maintain expected harvest volume of 15,000 tons in Continued organic growth expected in coming years: Recovery in Canada. Unutilized capacity in Norway. Nominated for new green licenses in Norway and new sites in Scotland. 27

28 Thank you! 28

29 APPENDIX 29

30 Share info Number of shares million (after full conversion of bonds in August 2009). Last issues: Q MNOK new share issue. Subordinated convertible bond issue: Q mill. convertible at NOK 4.00 per share within % converted in Q % converted in Q EPS 0,69 NOK/share Q ,51 NOK/share Q Shareholder structure Largest 20 have 92.91% of total no. of shares. 30

31 Shareholders No. shares % GRIEG HOLDINGS ,97 % DNB NOR BANK ASA ,86 % NORDEA BANK NORGE ASA ,92 % KONTRARI ,00 % YSTHOLMEN ,57 % OM HOLDING AS ,34 % STATE STREET BANK AND TRUST CO ,12 % GRIEG SEAFOOD ASA ,12 % KVASSHØGDI AS ,90 % SKANDINAVISKA ENSKILDA BANKEN AB ,76 % GRIEG SHIPPING II AS ,74 % STATE STREET BANK & TRUST COMPANY ,40 % STOREBRAND VEKST ,40 % VERDIPAPIRFONDET PARETO NORDIC VAL ,38 % VERDIPAPIRFONDET DNB SMB ,34 % HSBC BANK PLC ,33 % SKANDINAVISKA ENSKILDA BANKEN AB ,20 % GRIEG LTD A/S ,19 % PICTET & CIE(EUROPE) S.A ,18 % MP PENSJON PK ,18 % Total 20 largest shareholders ,91 % Total other ,09 % Total numbers of shares ,00 % 31

32 Profit and Loss All figures in NOK 1,000 Q Q Total operating income Share of profit from joint venture Change in inventories Raw materials and consumables used Salaries and personnel expenses Other operating expenses EBITDA Depreciation and amortisation Depreciation and amortisation of licenses Impairment adjustments on assets 0 0 EBIT before biomass adj Fair value adj biological assets EBIT after biomass adj Share of profit from ass. companies Net financial Profit before tax and biomass adj Profit before tax Estimated taxation Net profit in the period

Grieg Seafood ASA Q3 2015. Andreas Kvame CEO. Atle Harald Sandtorv CFO. 6 November 2015. griegseafood.com

Grieg Seafood ASA Q3 2015. Andreas Kvame CEO. Atle Harald Sandtorv CFO. 6 November 2015. griegseafood.com Grieg Seafood ASA Q3 2015 Andreas Kvame CEO Atle Harald Sandtorv CFO 6 November 2015 1 Agenda Highlights Business Units (Regions) Financials Outlook 2 HIGHLIGHTS Q3 2015 3 Highlights Q3 2015 Operational

More information

Grieg Seafood ASA Q1 2013. Morten Vike CEO. Atle Harald Sandtorv CFO. 14 May 2013. griegseafood.com

Grieg Seafood ASA Q1 2013. Morten Vike CEO. Atle Harald Sandtorv CFO. 14 May 2013. griegseafood.com Grieg Seafood ASA Q1 2013 Morten Vike CEO Atle Harald Sandtorv CFO 14 May 2013 1 Agenda Highlights Business Units (Regions) Financials Outlook 2 HIGHLIGHTS Q1 2013 3 Highlights Q1 2013 Strong price growth

More information

Grieg Seafood ASA Q Per Grieg jr. Chairman of the board. Atle Harald Sandtorv CFO/Acting CEO. 11 May griegseafood.com

Grieg Seafood ASA Q Per Grieg jr. Chairman of the board. Atle Harald Sandtorv CFO/Acting CEO. 11 May griegseafood.com Grieg Seafood ASA Q1 2015 Per Grieg jr. Chairman of the board Atle Harald Sandtorv CFO/Acting CEO 11 May 2015 1 Agenda Highlights Business Units (Regions) Financials Outlook 2 HIGHLIGHTS Q1 2015 3 Highlights

More information

Highlights First Quarter 2015

Highlights First Quarter 2015 as 1 2 Highlights First Quarter 2015 EBIT before fair value adjustment of biomass was MNOK 70 in Q1 (MNOK 143 in 2014). Production has been good throughout the period, with volume indication for 2015 maintained

More information

Highlights Second Quarter 2015

Highlights Second Quarter 2015 1 2 Highlights Second Quarter 2015 EBIT of MNOK -21 in Q2 before fair value adjustment of biomass (MNOK 123 in 2014). BC encountered a low oxygen incident in Q2 resulting in a loss of 1 000 tons biomass.

More information

NORWAY ROYA L S A L M ON PRESENTATION Q2 2015. Oslo, 26 August 2015 Charles Høstlund, CEO Ola Loe, CFO

NORWAY ROYA L S A L M ON PRESENTATION Q2 2015. Oslo, 26 August 2015 Charles Høstlund, CEO Ola Loe, CFO PRESENTATION Q2 2015 Oslo, 26 August 2015 Charles Høstlund, CEO Ola Loe, CFO AGENDA: Highlights for the period Segment information Group financials Markets Outlook 2 Highlights in Q2 2015 NORWAY ROYA L

More information

NORWAY ROYA L S A L M ON PRESENTATION Q1 2016. Oslo, 4 May 2016 Charles Høstlund, CEO Ola Loe, CFO 1

NORWAY ROYA L S A L M ON PRESENTATION Q1 2016. Oslo, 4 May 2016 Charles Høstlund, CEO Ola Loe, CFO 1 PRESENTATION Q1 2016 Oslo, 4 May 2016 Charles Høstlund, CEO Ola Loe, CFO 1 AGENDA: Highlights for the period Segment information Green licenses Group financials Markets Outlook 2 Highlights in Q1 2016

More information

NORWAY ROYA L S A L M ON PRESENTATION Q Oslo, 9 November 2016 Charles Høstlund, CEO Ola Loe, CFO 1

NORWAY ROYA L S A L M ON PRESENTATION Q Oslo, 9 November 2016 Charles Høstlund, CEO Ola Loe, CFO 1 PRESENTATION Q3 2016 Oslo, 9 November 2016 Charles Høstlund, CEO Ola Loe, CFO 1 AGENDA: Highlights for the period Segment information Green licenses Group financials Markets Outlook 2 Highlights in Q3

More information

NORWAY ROYA L S A L M ON PRESENTATION Q Oslo, 24 August 2016 Charles Høstlund, CEO Ola Loe, CFO 1

NORWAY ROYA L S A L M ON PRESENTATION Q Oslo, 24 August 2016 Charles Høstlund, CEO Ola Loe, CFO 1 PRESENTATION Q2 2016 Oslo, 24 August 2016 Charles Høstlund, CEO Ola Loe, CFO 1 AGENDA: Highlights for the period Segment information Green licenses Group financials Markets Outlook 2 Highlights in Q2 2016

More information

Q1 2015 Financial presentation. Arne Møgster CEO Britt Kathrine Drivenes CFO

Q1 2015 Financial presentation. Arne Møgster CEO Britt Kathrine Drivenes CFO Q1 2015 Financial presentation Arne Møgster CEO Britt Kathrine Drivenes CFO Highlights All figures in NOK 1,000 Q1 2015 Q1 2014 (restated) 2014 Revenue 3 545 829 3 641 992 14 344 177 EBITDA 516 965 769

More information

Grieg Seafood is a leading fish farming company ANNUAL REPORT

Grieg Seafood is a leading fish farming company ANNUAL REPORT Grieg Seafood is a leading fish farming company 2013 ANNUAL REPORT CONTENTS Key figures 3 Words from CEO Morten Vike 4 Grieg Seafood Rogaland (NO) 5 Grieg Seafood Finnmark (NO) 6 Grieg Seafood Hjaltland

More information

Highlights for the quarter. EBIT Group NOK 123 million pre fair value

Highlights for the quarter. EBIT Group NOK 123 million pre fair value Q2 2014_REPORT_FINAL - 1 -DDDDD24124 Copyright: Norwegian Seafood Council, fotographer Tom Haga Highlights for the quarter EBIT Group NOK 123 million pre fair value EBIT pre fair value and non-recurring

More information

Your Aquaculture Technology and Service Partner. Q Presentation Oslo - October 30 th, 2013 Trond Williksen, CEO Eirik Børve Monsen, CFO

Your Aquaculture Technology and Service Partner. Q Presentation Oslo - October 30 th, 2013 Trond Williksen, CEO Eirik Børve Monsen, CFO Q3 2013 Presentation Oslo - October 30 th, 2013 Trond Williksen, CEO Eirik Børve Monsen, CFO Agenda Highlights Q3 2013 Trond Williksen, CEO Financial performance Q3 2013 Eirik Børve Monsen, CFO Outlooks

More information

Q3 2015 Financial presentation. Arne Møgster CEO Britt Kathrine Drivenes CFO

Q3 2015 Financial presentation. Arne Møgster CEO Britt Kathrine Drivenes CFO Q3 2015 Financial presentation Arne Møgster CEO Britt Kathrine Drivenes CFO Highlights All figures in NOK 1,000 Q3 2015 Q3 2014 (restated) YTD Q3 2015 YTD Q3 2014 (restated) 2014 Revenue 3 791 291 3 391

More information

INTERIM REPORT 2014 SECOND QUARTER (Q2)

INTERIM REPORT 2014 SECOND QUARTER (Q2) INTERIM REPORT 2014 SECOND QUARTER (Q2) Summary - Revenue in the second quarter came to 397 million kroner, 35 million kroner lower than the second quarter of 2013 - Lower revenue was a result of decreased

More information

Grieg Seafood ASA. Company presentation. Andreas Kvame (CEO) Hordaland på børs 2015. griegseafood.com

Grieg Seafood ASA. Company presentation. Andreas Kvame (CEO) Hordaland på børs 2015. griegseafood.com Grieg Seafood ASA Company presentation Andreas Kvame (CEO) Hordaland på børs 2015 Content Company overview Industry overview Financials Outlook 2 About Grieg Seafood One of the world s leading aquaculture

More information

Sølvtrans Holding ASA

Sølvtrans Holding ASA Sølvtrans Holding ASA Interim report first quarter 2010 Ålesund, 20 May 2010 Highlights in the quarter Sølvtrans Holding ASA was listed on Oslo Axess on 30 March 2010 NOK 150 million in new capital raised

More information

Marine Harvest Q3 2014 Presentation

Marine Harvest Q3 2014 Presentation Marine Harvest Q3 2014 Presentation Forward looking statements This presentation may be deemed to include forward-looking statements, such as statements that relate to Marine Harvest s contracted volumes,

More information

INTERIM REPORT 2015 SECOND QUARTER (Q2)

INTERIM REPORT 2015 SECOND QUARTER (Q2) INTERIM REPORT 2015 SECOND QUARTER (Q2) Summary - Revenue in the second quarter came to 519 million kroner, 122 million kroner higher than the second quarter of 2014 - Higher revenue was a result of increased

More information

INTERIM REPORT 2012 FOURTH QUARTER (Q4)

INTERIM REPORT 2012 FOURTH QUARTER (Q4) INTERIM REPORT 2012 FOURTH QUARTER (Q4) Summary - In January 2013 Norway Seafoods entered into an agreement to sell most of the company s Farming operations in France - Revenue in the fourth quarter came

More information

Lerøy Seafood Group. Quarterly report Third quarter 2009. November 12th 2009. Helge Singelstad. Ivan Vindheim CEO CFO

Lerøy Seafood Group. Quarterly report Third quarter 2009. November 12th 2009. Helge Singelstad. Ivan Vindheim CEO CFO Lerøy Seafood Group Quarterly report Third quarter 2009 November 12th 2009 Helge Singelstad CEO Ivan Vindheim CFO 1 Agenda 1. 1 Considerations 2. 2 Key financial figures Q3 2009 3. 3 Lerøy at a glance

More information

INTERIM REPORT 2013 SECOND QUARTER (Q2)

INTERIM REPORT 2013 SECOND QUARTER (Q2) INTERIM REPORT 2013 SECOND QUARTER (Q2) Summary - Revenue in the second quarter came to 432 million kroner, 39 million kroner higher than the second quarter of 2012 - Higher revenue was a result of increased

More information

Marine Harvest Q Presentation

Marine Harvest Q Presentation Marine Harvest Q3 2015 Presentation Forward looking statements This presentation may be deemed to include forward-looking statements, such as statements that relate to Marine Harvest s contracted volumes,

More information

Marine Harvest. Q2 2016 Presentation 18 August 2016

Marine Harvest. Q2 2016 Presentation 18 August 2016 Marine Harvest Q2 2016 Presentation 18 August 2016 1 Forward looking statements This presentation may be deemed to include forward-looking statements, such as statements that relate to Marine Harvest s

More information

PRESENTATION Q1 2011 Oslo, 26 th May 2011

PRESENTATION Q1 2011 Oslo, 26 th May 2011 PRESENTATION Q1 2011 Oslo, 26 th May 2011 Presenting Team John Binde CEO Joined NRS in 2004. MSc engineering NTNU. Previous experience as CEO and senior executive at Erling Haug AS (supplier to the fish

More information

Q August 18th Bergen

Q August 18th Bergen Q2 2016 August 18th Bergen Lerøy Seafood Group ASA CEO Henning Beltestad CFO Sjur S. Malm Agenda Highlights Key financial figures Outlook Q2 2016 EBIT before FV adj. NOK 760 million EBIT/kg all inclusive

More information

Q2-12. Operating revenues (MNOK) Harvested volume (HOG) EBIT pre fair value adjustments (MNOK) -4 Q2 11 Q3 11 Q4 11 Q1 12 Q2 12

Q2-12. Operating revenues (MNOK) Harvested volume (HOG) EBIT pre fair value adjustments (MNOK) -4 Q2 11 Q3 11 Q4 11 Q1 12 Q2 12 Interim Report Q2-12 453 Operating revenues (MNOK) 472 400 381 409 EBIT pre fair value adjustments (MNOK) 32 Harvested volume (HOG) 8 091 6 304 4 543 5 039 9 10 9 3 351 Q2 11 Q3 11 Q4 11 Q1 12 Q2 12-4

More information

Marine Harvest Q1 2013 Presentation

Marine Harvest Q1 2013 Presentation Marine Harvest Q1 2013 Presentation Summary Strong results - Operational EBIT NOK 482m High market prices in Europe and improved US prices Operational improvements in Scotland and Canada Continued poor

More information

Q1-14. Harvested Volume (HOG) Salmon Price (NASDAQ) (NOK/kg) Operational EBIT (MNOK) 47,58 42,30 41,27 38,87 36,15 Q1 13 Q2 13 Q3 13 Q4 13 Q1 14

Q1-14. Harvested Volume (HOG) Salmon Price (NASDAQ) (NOK/kg) Operational EBIT (MNOK) 47,58 42,30 41,27 38,87 36,15 Q1 13 Q2 13 Q3 13 Q4 13 Q1 14 Interim Report Q1-14 Salmon Price (NASDAQ) (NOK/kg) 42,30 41,27 38,87 36,15 47,58 45 Operational EBIT (MNOK) 91 71 48 87 5 405 Harvested Volume (HOG) 8 383 6 829 4 574 5 435 Q1 13 Q2 13 Q3 13 Q4 13 Q1

More information

EDB Business Partner ASA FIRST QUARTER 2005 INTERIM REPORT

EDB Business Partner ASA FIRST QUARTER 2005 INTERIM REPORT - 1 - EDB Business Partner ASA FIRST QUARTER 2005 INTERIM REPORT Growth in revenues and profit as a consequence of acquisitions Successful integration of acquired businesses and subsequent cost reductions

More information

Q4-12. Operational EBIT (MNOK) Salmon Price - NOS (NOK) Harvested volume (HOG) 27,03 26,40 26,03 25,32 22,67

Q4-12. Operational EBIT (MNOK) Salmon Price - NOS (NOK) Harvested volume (HOG) 27,03 26,40 26,03 25,32 22,67 Interim Report Q4-12 Salmon Price - NOS (NOK) Operational EBIT (MNOK) Harvested volume (HOG) 22,67 26,03 27,03 25,32 26,40-4 10 9 2 8 8 091 4 543 5 039 4 243 7 337 Q4 11 Q1 12 Q2 12 Q3 12 Q4 12 Q4 11 Q1

More information

1 CONSOLIDATED FINANCIAL STATEMENTS (1) Consolidated Balance Sheets

1 CONSOLIDATED FINANCIAL STATEMENTS (1) Consolidated Balance Sheets 1 CONSOLIDATED FINANCIAL STATEMENTS (1) Consolidated Balance Sheets As of March 31,2014 As of March 31,2015 Assets Cash and due from banks 478,425 339,266 Call loans and bills bought 23,088 58,740 Monetary

More information

NORWAY ROYAL SALMON Trondheim, 04 June 2014 Klaus Hatlebrekke, COO

NORWAY ROYAL SALMON Trondheim, 04 June 2014 Klaus Hatlebrekke, COO NORWAY ROYAL SALMON Trondheim, 04 June 2014 Klaus Hatlebrekke, COO AGENDA: Share price performance Current setup Highlights for the period NRS and Market Outlook Regional development New licenses 2 AGENDA:

More information

Imtech publishes first quarter 2013 results

Imtech publishes first quarter 2013 results PRESS RELEASE, 18 June 2013 Imtech publishes first quarter 2013 results Imtech had a difficult first quarter 2013 Revenue at 1,211 million euro, stable versus Q1 2012 Operational EBITDA of -13.6 million

More information

FINANCIAL RESULTS Q2 2015

FINANCIAL RESULTS Q2 2015 FINANCIAL RESULTS Q2 2015 CEO CHRISTIAN RYNNING-TØNNESEN CFO HALLVARD GRANHEIM 23 July 2015 Highlights Solid underlying results (EBITDA) - Lower Nordic prices offset by increased production and contribution

More information

Marine Harvest Havbrukskonferansen 26. november 2014 Scenarios for global salmon production next five years

Marine Harvest Havbrukskonferansen 26. november 2014 Scenarios for global salmon production next five years Marine Harvest Havbrukskonferansen 26. november 2014 Scenarios for global salmon production next five years Forward looking statements This presentation may be deemed to include forward-looking statements,

More information

Interim Report Q3-14

Interim Report Q3-14 Interim Report Q3-14 HIGHLIGHTS Operational EBIT before non-recurring items of NOK 21.3 million o o o Non-recurring cost of NOK 35.9 million in the quarter Operational EBIT per kg of NOK 5.91 in Region

More information

Third quarter results 2015

Third quarter results 2015 1 Third quarter results 2015 30 October 2015 Peter A. Ruzicka, President & CEO Improved performance in the third quarter 2.3% organic growth 1 15% EBIT (adj.) 2 growth in BCG 57% increase in EPS 2 1 Reported

More information

Interim Report Q2-14

Interim Report Q2-14 Interim Report Q2-14 HIGHLIGHTS Operational EBIT of NOK 26.5 million o o o o o Operational EBIT per kg of NOK 8.85 in Region North Operational EBIT per kg of NOK 4.35 in Region South ROCE last 4 quarters

More information

Vizrt Group AS Reports Q1 2015 Results

Vizrt Group AS Reports Q1 2015 Results Vizrt Group AS Quarterly report March 31, 2015 Vizrt Group AS Reports Q1 2015 Results Business Overview On March 19, 2015, Vizrt Group AS (formerly Aksjeselskapet av 17. Oktober 2014 AS ) ( the Company

More information

VILLA ORGANIC AS Q 1 2010

VILLA ORGANIC AS Q 1 2010 CEO Jan Fossberg CFO Vidar Skaar VILLA ORGANIC AS Q 1 2010 1 Agenda Highlights Q1 2010 Group Financials About Villa Outlook 2 Highlights Q1 2010 Improvements in profit Q1 EBIT from -0,4MNOK in 2009 to

More information

CONSOLIDATED STATEMENT OF INCOME

CONSOLIDATED STATEMENT OF INCOME CONSOLIDATED STATEMENT OF INCOME 4 th quarter (a) 3 rd quarter 4 th quarter 2014 Sales 37,749 40,580 52,511 Excise taxes (5,457) (5,683) (5,777) Revenues from sales 32,292 34,897 46,734 Purchases, net

More information

Q presentation. 15 July 2014

Q presentation. 15 July 2014 Q2 2014 presentation 15 July 2014 Agenda Highlights Financial performance Dividends Market outlook/trends Q2 highlights Revenue of NOK 5,981 million, up 8.7% EBITDA of NOK 177 million, up 26.0% EBITDA

More information

Q3-13. Salmon Price (NASDAQ) (NOK/kg) Operational EBIT (MNOK) Harvested volume (HOG) 42,30 38,87 36,15 26,07 27,15 Q3 12 Q4 12 Q1 13 Q2 13 Q3 13

Q3-13. Salmon Price (NASDAQ) (NOK/kg) Operational EBIT (MNOK) Harvested volume (HOG) 42,30 38,87 36,15 26,07 27,15 Q3 12 Q4 12 Q1 13 Q2 13 Q3 13 Interim Report Q3-13 Salmon Price (NASDAQ) (NOK/kg) 42,30 38,87 36,15 26,07 27,15 Operational EBIT (MNOK) 45 71 48 4 243 Harvested volume (HOG) 7 337 6 829 5 405 4 574 2 8 Q3 12 Q4 12 Q1 13 Q2 13 Q3 13

More information

4 TH QUARTER 2014 RESULTS ANNOUNCEMENT

4 TH QUARTER 2014 RESULTS ANNOUNCEMENT 4 TH QUARTER 2014 RESULTS ANNOUNCEMENT TOMRA SYSTEMS ASA 18th February 2015 HIGHLIGHTS FROM THE QUARTER INCLUDE Revenues Gross margin Operating expenses EBITA Cashflow TOMRA Collection Solutions TOMRA

More information

2 N D Q U A R T E R 2 0 1 6. O s l o, 1 8 J u l y 2 0 1 6

2 N D Q U A R T E R 2 0 1 6. O s l o, 1 8 J u l y 2 0 1 6 2 N D Q U A R T E R 2 1 6 O s l o, 1 8 J u l y 2 1 6 Agenda Per A Sørlie, President & CEO Highlights Business areas Outlook Per Bjarne Lyngstad, CFO Financial performance 2 Highlights 2 nd quarter 216

More information

Teleste Corporation Interim Report 1.1. 30.9.2002

Teleste Corporation Interim Report 1.1. 30.9.2002 Teleste Corporation Interim Report 1.1. 30.9.2002 Teleste Corporation Interim Report 1.1. 30.9.2002 The decline in network operators investments in Teleste s core business has not eased off Market outlook

More information

Significant reduction in net loss

Significant reduction in net loss press release 12 May 2015 Royal Imtech publishes first quarter 2015 results Significant reduction in net loss Order intake in Q1 at a satisfactorily level of 912 million Revenue 3% down excluding Germany

More information

NOTES NOTE 1 SUBSIDIARIES NOTE 2 RECEIVABLES. Cash flow statement

NOTES NOTE 1 SUBSIDIARIES NOTE 2 RECEIVABLES. Cash flow statement Blueway annual report 2010 Blueway AS Notes to the Accounts 47 Taxes related to paid group contributions which is booked as an increase of the cost price of the related shares, and taxes related to received

More information

16 February 2012 Fourth Quarter 2011 CEO Sverre Hurum CFO Erik Stubø

16 February 2012 Fourth Quarter 2011 CEO Sverre Hurum CFO Erik Stubø 16 February 2012 Fourth Quarter 2011 CEO Sverre Hurum CFO Erik Stubø Disclaimer The information contained in the Presentation is for your use only. Recipients may not reproduce, redistribute or pass on,

More information

Equity per share (NOK) 147 123 131 Equity ratio 39 % 38 % 36 % Non-current net asset value per share (NOK) (EPRA NNNAV) 2) 184 152 165

Equity per share (NOK) 147 123 131 Equity ratio 39 % 38 % 36 % Non-current net asset value per share (NOK) (EPRA NNNAV) 2) 184 152 165 REPORT FOR Q2 AND THE FIRST 6 MONTHS OF 2015 KEY FIGURES Amounts in NOK million Q2 2015 Q2 2014 30.06.15 30.06.14 2014 Net rental income 501 450 1 005 904 1 883 Fair value adjustments in investment properties

More information

Visual Management 4Q01. From 150 to 1500 employees in 12 months

Visual Management 4Q01. From 150 to 1500 employees in 12 months Visual Management Visual Management 4Q01 From 150 to 1500 employees in 12 months Liinos 93,6% of shareholders have accepted offer by Visma! Recap from 3Q presentation in October We expected improvements

More information

FINANCIAL RESULTS Q1 2012. 16 May 2012

FINANCIAL RESULTS Q1 2012. 16 May 2012 FINANCIAL RESULTS Q1 2012 16 May 2012 Highlights Q1 2012 Satisfactory Q1 financials underlying EBITDA and profit before tax on a par with Q1 2011 - Lower power prices partly offset by increased power generation

More information

Interim Report. First half 2008

Interim Report. First half 2008 Interim Report First half 2008 Nordic Semiconductor ASA First half 2008 Revenue at MNOK 147.4, an increase of 3% compared to first half of 2007 (cont. operations) Component sales advanced 14% (MNOK 17.6)

More information

2013 Second Quarter Review July 26, 2013 1

2013 Second Quarter Review July 26, 2013 1 213 Second Quarter Review July 26, 213 1 Panalpina Group Basel, July 26, 213 213 Second Quarter Review 213 Second Quarter Review July 26, 213 2 Highlights and key figures Operating and financial review

More information

PONSSE PLC, STOCK EXCHANGE RELEASE, 26 OCTOBER 2010, 9:00 a.m. PONSSE S INTERIM REPORT FOR 1 JANUARY 30 SEPTEMBER 2010

PONSSE PLC, STOCK EXCHANGE RELEASE, 26 OCTOBER 2010, 9:00 a.m. PONSSE S INTERIM REPORT FOR 1 JANUARY 30 SEPTEMBER 2010 PONSSE PLC, STOCK EXCHANGE RELEASE, 26 OCTOBER 2010, 9:00 a.m. PONSSE S INTERIM REPORT FOR 1 JANUARY 30 SEPTEMBER 2010 - Net sales were EUR 171.8 (Q1-Q3/2009 EUR 98.9) million. - Q3 net sales were EUR

More information

Fourth Quarter 2010 CEO Sverre Hurum CFO Erik Stubø

Fourth Quarter 2010 CEO Sverre Hurum CFO Erik Stubø Fourth Quarter 2010 CEO Sverre Hurum CFO Erik Stubø 18 February 2011 Disclaimer The information contained in the Presentation is for your use only. Recipients may not reproduce, redistribute or pass on,

More information

Quarter 3 2009 presentation. 29 October 2009 Lars Nilsen, CEO and Arnt Eriksen, CFO

Quarter 3 2009 presentation. 29 October 2009 Lars Nilsen, CEO and Arnt Eriksen, CFO Quarter 3 2009 presentation 29 October 2009 Lars Nilsen, CEO and Arnt Eriksen, CFO Q3 2009 Highlights Group Operating revenues; NOK 534 million Down 18.5% y/y Acceptable EBITDA margin; 9.7% EBITDA NOK

More information

Full Year Results 2014

Full Year Results 2014 Full Year Results 2014 18 March 2015 Conference call on FY Results 2014 Corporate Finance & Investor Relations AGENDA FY 2014 results presentation Highlights 2014 Financials 2014 Outlook 2015 Appendix

More information

MACINTOSH RETAIL GROUP NV. Aandeelhoudersvergadering d.d. 27 april 2010. General meeting of shareholders. April 27, 2010

MACINTOSH RETAIL GROUP NV. Aandeelhoudersvergadering d.d. 27 april 2010. General meeting of shareholders. April 27, 2010 MACINTOSH RETAIL GROUP NV Aandeelhoudersvergadering d.d. 27 april 2010 General meeting of shareholders April 27, 2010 Should different interpretations arise between the Dutch and English version of this

More information

RS Platou. Oslo 4 June 2009. Geir Isaksen CEO

RS Platou. Oslo 4 June 2009. Geir Isaksen CEO RS Platou Oslo 4 June 2009 Geir Isaksen CEO Global activities and key business areas Distribution of revenues (2008 - NOK mill.) Feed Farming Agri Total* Percent of group total Norway 3 338 903 1 560 5

More information

HALF-YEAR REPORT 2015/16. Leverandørselskabet DANISH CROWN AmbA. CVR-no

HALF-YEAR REPORT 2015/16. Leverandørselskabet DANISH CROWN AmbA. CVR-no HALF-YEAR REPORT 2015/16 Leverandørselskabet DANISH CROWN AmbA CVR-no. 21 64 39 39 MANAGEMENT S REVIEW Market development The Danish Crown Group is a global food company focusing primarily on meat and

More information

Consolidated balance sheet

Consolidated balance sheet Consolidated balance sheet Non current assets 31/12/2009 31/12/2008 (*) 01/01/2008 (*) Property, plant and equipment 1,352 1,350 1,144 Investment property 7 11 11 Fixed assets held under concessions 13,089

More information

Aalberts Industries increases earnings per share +10%

Aalberts Industries increases earnings per share +10% Aalberts Industries increases earnings per share +10% Langbroek, 26 February 2015 Highlights o Revenue EUR 2,201 million, increase +8% (organic +3.1%) o Operating profit (EBITA) +10% to EUR 247 million;

More information

TTS Group ASA. Presentation Q1 2013. Oslo May 15 th, 2013. Johannes D. Neteland Arild Apelthun

TTS Group ASA. Presentation Q1 2013. Oslo May 15 th, 2013. Johannes D. Neteland Arild Apelthun TTS Group ASA Presentation Q1 2013 Oslo May 15 th, 2013 Johannes D. Neteland Arild Apelthun Agenda 1 st quarter headlines Order intake and order backlog Business segments Market development 1 st quarter

More information

The following report presents financial data only. The full and binding version is available in Polish. K2 INTERNET S.A.

The following report presents financial data only. The full and binding version is available in Polish. K2 INTERNET S.A. The following report presents financial data only. The full and binding version is available in Polish. K2 INTERNET S.A. Annual Financial Statement of K2 Internet S.A. for the twelve-month period ended

More information

CONSOLIDATED STATEMENT OF INCOME

CONSOLIDATED STATEMENT OF INCOME CONSOLIDATED STATEMENT OF INCOME 4 th quarter (a) 3 rd quarter 4 th quarter 2009 Sales 40,157 40,180 36,228 Excise taxes (4,397) (4,952) (4,933) Revenues from sales 35,760 35,228 31,295 Purchases, net

More information

Oslo Børs VPS Holding ASA 2nd Quarter 2015

Oslo Børs VPS Holding ASA 2nd Quarter 2015 Oslo Børs VPS Holding ASA 2nd Quarter 215 12 August 215 2nd quarter at a glance Good level of trading and settlement activity continued in the quarter Continuing strong interest in admission of both shares

More information

SUMMARY OF CONSOLIDATED BUSINESS RESULTS for the nine months ended December 31, 2012

SUMMARY OF CONSOLIDATED BUSINESS RESULTS for the nine months ended December 31, 2012 SUMMARY OF CONSOLIDATED BUSINESS RESULTS for the nine months ended December 31, 2012 February 8, 2013 ARRK Corporation 2-2-9 Minami Hommachi, Chuo-ku, Osaka, 541-0054, JAPAN 1. Consolidated financial results

More information

2013 Third Quarter Review October 25, 2013 1

2013 Third Quarter Review October 25, 2013 1 October 25, 213 1 Panalpina Group October 25, 213 213 Third Quarter Review October 25, 213 2 Highlights and key figures Operating and financial review Outlook Growth in profitability and margins in the

More information

PEGAS NONWOVENS SA. First quarter 2010 unaudited consolidated financial results

PEGAS NONWOVENS SA. First quarter 2010 unaudited consolidated financial results PEGAS NONWOVENS SA First quarter 2010 unaudited consolidated financial results May 20, 2010 PEGAS NONWOVENS SA announces its unaudited consolidated financial results for the first quarter of 2010 to March

More information

Consolidated Statement of Profit or Loss (in million Euro)

Consolidated Statement of Profit or Loss (in million Euro) Consolidated Statement of Profit or Loss (in million Euro) Q2 2012 Q2 2013 % H1 2012 H1 2013 % Restated * change Restated * change Revenue 779 732-6.0% 1,513 1,437-5.0% Cost of sales (553) (521) -5.8%

More information

Vattenfall Q2 2013 results

Vattenfall Q2 2013 results Vattenfall Q2 2013 results Øystein Løseth, CEO and Ingrid Bonde, CFO Conference call for analysts and investors, 23 July 2013 Q2 Highlights Impairment charges on thermal assets and goodwill amounting to

More information

Interim report January - March 2015

Interim report January - March 2015 Interim report January - March 2015 April 22 th 2015 Lars Wollung, CEO Erik Forsberg, CFO Q1 Key highlights Strong financial performance EBIT excluding revaluations and fx-impact +12% Investment grade

More information

ICAP GROUP S.A. FINANCIAL RATIOS EXPLANATION

ICAP GROUP S.A. FINANCIAL RATIOS EXPLANATION ICAP GROUP S.A. FINANCIAL RATIOS EXPLANATION OCTOBER 2006 Table of Contents 1. INTRODUCTION... 3 2. FINANCIAL RATIOS FOR COMPANIES (INDUSTRY - COMMERCE - SERVICES) 4 2.1 Profitability Ratios...4 2.2 Viability

More information

Equity per share (NOK) 135 123 131 Equity ratio 37 % 39 % 36 % Non-current net asset value per share (NOK) (EPRA NNNAV) 2) 170 153 165

Equity per share (NOK) 135 123 131 Equity ratio 37 % 39 % 36 % Non-current net asset value per share (NOK) (EPRA NNNAV) 2) 170 153 165 REPORT Q1/2015 KEY FIGURES Amounts in NOK million Q1 2015 Q1 2014 31.12.14 Net rental income 503 454 1 883 Fair value adjustments in investment properties and interest rate derivatives 1 294-9 281 Profit

More information

Q4 2008. Page 1 of 12 Q4 2008 Austevoll Seafood ASA

Q4 2008. Page 1 of 12 Q4 2008 Austevoll Seafood ASA Q4 2008 Page 1 of 12 Q4 2008 As expected, the Group s operating result for Q4 2008 showed a significant increase when compared with Q4 2007. Correspondingly, the Group s operating result for 2008 shows

More information

Conference call 2015 half year results. IMCD IMCD Group N.V. 14 August 2015

Conference call 2015 half year results. IMCD IMCD Group N.V. 14 August 2015 Conference call 2015 half year results IMCD IMCD Group N.V. 14 August 2015 Disclaimer Disclaimer This presentation may contain forward looking statements. These statements are based on current expectations,

More information

Oslo Børs VPS Holding ASA 1st Quarter 2014

Oslo Børs VPS Holding ASA 1st Quarter 2014 Oslo Børs VPS Holding ASA 1st Quarter 214 3 April 214 1st quarter at a glance Increased trading activity in both equities and derivatives Nordic ABM the fastest-growing Nordic marketplace exceeded 1, listed

More information

Medistim ASA First Quarter 2016. Kari E. Krogstad, President and CEO Thomas Jakobsen, CFO April 20th, 2016

Medistim ASA First Quarter 2016. Kari E. Krogstad, President and CEO Thomas Jakobsen, CFO April 20th, 2016 Medistim ASA First Quarter 2016 Kari E. Krogstad, President and CEO Thomas Jakobsen, CFO April 20th, 2016 2 Disclaimer The information included in this Presentation contains certain forward-looking statements

More information

Norwegian Finans Holding ASA. Third quarter 2014 results

Norwegian Finans Holding ASA. Third quarter 2014 results Norwegian Finans Holding ASA Third quarter 2014 results Third quarter 2014 earnings were 94.1 MNOK, compared with 82.1 MNOK in the second quarter Norwegian Finans Holding Group MNOK Q3 2014 Q2 2014 Change

More information

Interim presentation First quarter 2013

Interim presentation First quarter 2013 Interim presentation First quarter 2013 Sverre Hurum, CEO Erik Stubø, CFO 16 May 2013 Highlights in the first quarter Revenues and EBIT Operating revenues stable (y-o-y) EBIT decreased 6.8 million to NOK

More information

Brief Report on Closing of Accounts (connection) for the Term Ended March 31, 2007

Brief Report on Closing of Accounts (connection) for the Term Ended March 31, 2007 MARUHAN Co., Ltd. Brief Report on Closing of (connection) for the Term Ended March 31, 2007 (Amounts less than 1 million yen omitted) 1.Business Results for the term ended on March, 2007 (From April 1,

More information

Q4 presentation. Presented by Arne Møgster - CEO Britt Kathrine Drivenes - CFO

Q4 presentation. Presented by Arne Møgster - CEO Britt Kathrine Drivenes - CFO Q4 presentation Presented by Arne Møgster - CEO Britt Kathrine Drivenes - CFO Disclaimer This Presentation has been produced by Austevoll Seafood ASA (the Company or Austevoll ) solely for use at the presentation

More information

EDB Business Partner ASA FOURTH QUARTER 2003 INTERIM REPORT

EDB Business Partner ASA FOURTH QUARTER 2003 INTERIM REPORT - 1 - EDB Business Partner ASA FOURTH QUARTER 2003 INTERIM REPORT Summary The EDB group reports its best quarterly earnings since the fourth quarter of 2001 All business areas report improved operating

More information

ČEZ, a. s. BALANCE SHEET in accordance with IFRS as of March 31, 2016 Preliminary version in CZK Millions

ČEZ, a. s. BALANCE SHEET in accordance with IFRS as of March 31, 2016 Preliminary version in CZK Millions BALANCE SHEET Assets Property, plant and equipment: 31. 3. 2016 31. 12. 2015 Plant in service 346 140 346 203 Less accumulated depreciation and impairment (207 138) (204 187) Net plant in service 139 002

More information

Aalberts Industries Net profit and earnings per share +15%

Aalberts Industries Net profit and earnings per share +15% PRESS RELEASE 1 ST HALF YEAR 2015 Aalberts Industries Net profit and earnings per share +15% Langbroek, 13 August 2015 Highlights o Revenue EUR 1,244 million, increase +18% (organic +2%). o Operating profit

More information

Consolidated Statement of Profit or Loss (in million Euro)

Consolidated Statement of Profit or Loss (in million Euro) Consolidated Statement of Profit or Loss (in million Euro) Q3 2013 Q3 2014 % change 9m 2013 9m 2014 % change Revenue 689 636-7.7% 2,126 1,909-10.2% Cost of sales (497) (440) -11.5% (1,520) (1,324) -12.9%

More information

Q2 Financial Presentation. Arne Møgster CEO Britt K. Drivenes - CFO

Q2 Financial Presentation. Arne Møgster CEO Britt K. Drivenes - CFO Q2 Financial Presentation Arne Møgster CEO Britt K. Drivenes - CFO As a globally integrated pelagic fishery and seafood specialist, (AUSS) operates through subsidiaries and associated companies, fishing

More information

1st Quarter Report 2004. Aarhus United A/S

1st Quarter Report 2004. Aarhus United A/S Erik Højsholt Direct line: +45 8730 6102 Fax: +45 8730 6002 erik.hojsholt@aarhusunited.com 2004-05-24 1st Quarter Report 2004 Aarhus United A/S CVR no. 45 95 49 19 Stock exchange announcement no. 12/2004

More information

SAF-HOLLAND Annual Financial Statements 2012. Detlef Borghardt, CEO Wilfried Trepels, CFO. March 14, 2013

SAF-HOLLAND Annual Financial Statements 2012. Detlef Borghardt, CEO Wilfried Trepels, CFO. March 14, 2013 SAF-HOLLAND Annual Financial Statements 212 Detlef Borghardt, CEO Wilfried Trepels, CFO March 14, 213 Executive Summary business volume successfully expanded in 212 1 Group sales increased yoy by 3.4%

More information

PRESENTATION OF THE FOURTH QUARTER AND PRELIMINARY FULL YEAR RESULTS Acting CEO and CFO Roar Østbø

PRESENTATION OF THE FOURTH QUARTER AND PRELIMINARY FULL YEAR RESULTS Acting CEO and CFO Roar Østbø PRESENTATION OF THE FOURTH QUARTER AND PRELIMINARY FULL YEAR RESULTS 2015 Acting CEO and CFO Roar Østbø Q4 2015 / 2015 OPERATIONAL HIGHLIGHTS Q4 Revenues NOK 211 million, down 18 % QoQ EBITDA NOK -71 million,

More information

First-quarter 2015 presentation to analysts. Finn Bjørn Ruyter, CEO Oslo, May

First-quarter 2015 presentation to analysts. Finn Bjørn Ruyter, CEO Oslo, May First-quarter 2015 presentation to analysts Finn Bjørn Ruyter, CEO Oslo, May 7 2015 Agenda 1) First-quarter 2015 results 2) Theme: Markets 3) Appendix 2 First-quarter 2015 highlights EBITDA of NOK 777

More information

Q3 2015. Oslo 12 November 2015 Baard Schumann, CEO Sverre Molvik, CFO

Q3 2015. Oslo 12 November 2015 Baard Schumann, CEO Sverre Molvik, CFO Q3 2015 Oslo 12 November 2015 Baard Schumann, CEO Sverre Molvik, CFO Agenda Highlights Operational update Financial update Market Outlook and summary 2 HIGHLIGHTS Highlights Q3 2015 Continued strong margins

More information

Q2 2016 Financial presentation. Arne Møgster CEO Britt Kathrine Drivenes CFO

Q2 2016 Financial presentation. Arne Møgster CEO Britt Kathrine Drivenes CFO Q2 2016 Financial presentation Arne Møgster CEO Britt Kathrine Drivenes CFO Highlights All figures in MNOK Q2 2016 Q2 2015 H1 2016 H1 2015 2015 Revenue 4 558 4 108 8 970 7 654 15 273 EBITDA 985 778 1 871

More information

Changes in Consolidated Financial Statements Due to Voluntary Adoption of International Financial Reporting Standards (IFRS)

Changes in Consolidated Financial Statements Due to Voluntary Adoption of International Financial Reporting Standards (IFRS) Changes in Consolidated Financial Statements Due to Voluntary Adoption of International Financial Reporting Standards () In conjunction with the voluntary adoption of International Financial Reporting

More information

Presentation of fourth quarter and annual results for 2013 CEO Thomas Falck and CFO Roar Østbø

Presentation of fourth quarter and annual results for 2013 CEO Thomas Falck and CFO Roar Østbø Presentation of fourth quarter and annual results for 2013 CEO Thomas Falck and CFO Roar Østbø Q4 and FY 2013 highlights 2 NOK 1,000 Q4-13 Q4-12 2013 2012 Order Intake 79 98.0 548.0 573.0 Revenues 150.4

More information

2Q update 26 August 2015 Share Price: NOK 235 (26.08.2015) Results date 3 November 2015 Target: NOK 256 (232)

2Q update 26 August 2015 Share Price: NOK 235 (26.08.2015) Results date 3 November 2015 Target: NOK 256 (232) P/F Bakkafrost Neutral 2Q update 26 August 2015 Share Price: NOK 235 (26.08.2015) Results date 3 November 2015 Target: NOK 256 (232) Share data (NOK m) BAKKA Sector Aquaculture Reuters/ Bloomberg BAKKA

More information

Interim presentation Second quarter 2015

Interim presentation Second quarter 2015 Interim presentation Second quarter 2015 Sverre Hurum. CEO Erik Stubø. CFO 27 August 2015 Highlights in the second quarter Revenues and EBIT Operating revenues increased by 14.3 percent to NOK 315.7 million

More information

Consolidated and Non-Consolidated Financial Statements

Consolidated and Non-Consolidated Financial Statements May 13, 2016 Consolidated and Non-Consolidated Financial Statements (For the Period from April 1, 2015 to March 31, 2016) 1. Summary of Operating Results (Consolidated) (April 1,

More information