Incus Investor ASA 1

Size: px
Start display at page:

Download "Incus Investor ASA 1"

Transcription

1 1 Incus Investor ASA

2 Incus Investor ASA TABLE OF CONTENTS HISTORY STRATEGIC CHANGE INCUS INVESTOR ASA SCANA STEEL AB SCANA PROPERTY AS SCANA VALVE CONTROL AS SCANA OFFSHORE AS SCANA STEEL BOOFORGE AB 2

3 History Established in 1987 through the merger of Scan Armatur AS and Scan Paint AS Acquisition and development of several businesses throughout the s Oldest portfolio company established in 1652 in Karlskoga, Sweden Listed on the Oslo Stock Exchange in 1995 Strong growth until 2009 Challenges and restructurings in recent years Reformation and strategic reorganization in

4 Strategic change Scana Group was in reality a collection of relatively different companies and business areas, only bound together by ownership and financing. The subsidiaries would have a better chance of a positive value development as independent portfolio companies with Scana Industrier ASA as an active and competent owner. During spring 2015, the Board of Scana Industrier ASA voted to convert the business from a Nordic industrial group to an industrial investment company. At the 2016 general assembly, a name change to Incus Investor ASA was decided. 4

5 From industrial group to investment company INVESTMENT COMPANY PARENT COMPANY Direct involvement Shared functions Integrated reporting systems Direct operational responsibility BUSINESS AREAS Fully consolidated capital Under direct control from parent Access to shared functions Internal reporting procedures Chasing synergies Focus on value development Active ownership Less shared functions Influence through the boards of directors PORTFOLIO COMPANY Independently responsible Complete organization Active and professional board of directors Strong focus on improvement in all parts 5

6 Incus as an active owner INVESTMENT COMPANY KEY TASKS Maximizing the value of the company portfolio and setting strategic direction Financial reporting to shareholders, lenders and capital markets Management and allocation of financial resources Acquisitions and divestments INDIVIDUAL MANAGMENT OF EACH INVESTMENT Designated investment team Strategy based on ownership agenda Defined value creation plan Optimal board and management composition Defined ownership agenda Close follow-up of management team TOOLS AVAILABLE FOR AN ACTIVE OWNER Active work through BOD and dialogue with CEO/CFO Strategic repositioning Restructuring and operational improvements Financial engineering Simplified and clear processes Investor network and M&A competence 6

7 Incus Investor ASA Snapshot INCUS TODAY Diversified portfolio of industrial companies. Enterprises engaged in the manufacturing of high quality steel products and solutions, valve control systems, offshore mooring and offloading systems and real estate. 352 employees (Incus with portfolio companies). KEY FIGURES OPERATING INCOME EBITDA MNOK

8 Portfolio companies Scana Steel Scana Property Scana Valve Control Scana Vestby Offshore Scana Steel Booforge Scana Steel Björneborg Scana Eiendom Jørpeland Skarpenord Scana Subsea Scana Eiendom Volda Hydraulics Korea Fjordbris (49%) (50,1%) High quality steel and solutions Management and development of properties Systems for valve controls Systems and equipment for mooring and offloading Production of forks for lifting solutions and forging and heat treatment of steel products 8

9 Organization and key resources Incus Board Of Directors CEO Bjørn Torkildsen Kjetil Flesjå - CFO Financial Department INVESTMENT DIRECTOR Leif Rosén INVESTMENT DIRECTOR INVESTMENT DIRECTOR INVESTMENT DIRECTOR INVESTMENT DIRECTOR Tom Sætremyr Kjetil Flesjå Øyvind Tørlen Leif Rosén Scana Steel Scana Property Scana Valve Control Vestby Scana Offshore Scana Steel Booforge Board of Directors Board of Directors Board of Directors Board of Directors Board of Directors CEO CEO CEO Sören Andersson Raymond Gabrielsen Torkjell Lisland Anders Johanson CEO CEO 9

10 Invested capital Per Dec 2016 MNOK MNOK OTHER 30 NWC INT. ASSETS 86 1 NIBD 187 Skarpenord; 38 Offshore; -11 Booforge; 28 HQ/Elim; 32 Property; 65 TANGIBLE ASSETS 282 EQUITY 212 Steel; 247 EMPLOYED Sysselsatt CAPITAL kapital Finansiering FINANCING Markedsverdi Incus EMPLOYED CAPITAL - BREAKDOWN 10

11 Scana Steel Snapshot COMPANY OVERVIEW High-quality steel products, applications and complete solutions with various degrees of completion in a variety of shapes and steel grades. Headquarter: Björneborg, Sweden. 198 employees. 539 KEY FIGURES OPERATING INCOME EBITDA 409 MNOK

12 Scana Steel Products and services PRODUCTS & SERVICES FORGED COMPONENTS WITH HIGH TECHNICAL CONTENT STEEL MAKING FORGING RAW FORGED SEMI-FINISHED SHAFTS ROTORS HEAT TREATM. TURNING RISERS JOINTS FORGED STEEL FOR TOOL MANUFACTURERS UP TO 45 TONNES OF MACHINED WEIGHT MILLING DRILLING MARKET Oil & Gas Power Gen Steel WELDING THREADING SURFACE TREATM. ASSEMBLY Marine Industry Defence 12

13 Scana Property Snapshot COMPANY OVERVIEW Ownership, management, development and realization of real estate in Norway. Approx m2 industrial property plus large land areas for further development. 1 employee. KEY FIGURES OPERATING INCOME EBITDA MNOK Ryfast

14 Scana Property Portfolio REAL ESTATE PORTFOLIO 74,000 M2 LAND FOR DEVELOPMENT - JØRPELAND 9,000 M2 INDUSTRY - VOLDA RECREATIONAL LAND AREA JØRPELAND INTERNAL AND EXTERNAL TENANTS INDUSTRY VOLDA LAND AREA JØRPELAND 14

15 Scana Valve Control Snapshot COMPANY OVERVIEW Hydraulic and pneumatic valve control systems for oil, gas and shipbuilding industry. Headquarter: Rjukan, Norway. Strategic ownership in Scana Korea Hydraulics. 67 employees. KEY FIGURES * OPERATING INCOME EBITDA MNOK * Results from Scana Skarpenord 15

16 Scana Valve Control Products and services PRODUCTS & SERVICES COMPLETE VALVE CONTROL SYSTEMS HYDRAULIC AND PNEUMATIC ACTUATORS CONTROL SYSTEMS CLOSED CONTROL UNITS CABINETS SERVICE AND AFTER MARKET MARKET SHIPS AND FLOATING INSTALLATIONS GAS FREIGHT IS THE LARGEST MARKET SEGMENT INCREASING SALES AND MARKET SHARES IN CHINA AND USA STRONG POSITION IN SOUTH KOREA LARGE INSTALLED BASE ON NORWEGIAN OFFSHORE INSTALLATIONS 16

17 Scana Offshore Snapshot COMPANY OVERVIEW System solutions for offloading, mooring, swivels and other turret-related equipment for floating production and storage vessels. Headquarter: Vestby, Norway. 20 employees. 108 KEY FIGURES OPERATING INCOME EBITDA MNOK

18 Scana Offshore Products and services PRODUCTS & SERVICES OFFLOADING SYSTEMS MOORING SOLUTIONS TURRET SOLUTIONS SWIVEL STACKS FEASIBILITY STUDIES AND SPECIAL DESIGNS SERVICE MARKET FPSO FSO FSU LNG PROCESSING UNITS 18

19 Scana Steel Booforge Snapshot COMPANY OVERVIEW Manufacturer of larger forklift truck arms and other forged products with high strength requirements. Heat treatment of large steel components. Headquarter: Karlskoga, Sweden. 60 employees. KEY FIGURES OPERATING INCOME EBITDA MNOK

20 Scana Steel Booforge Products and services PRODUCTS & SERVICES FORGED ARMS FOR FORKLIFT TRUCKS LIFTING EQUIPMENT FOR FORKLIFT TRUCKS HEAT TREATMENTS FOR LARGER GOODS FREE FORM FORGED COMPONENTS SERVICE AND REPAIR MARKET TRUCK MANUFACTURERS MACHINE MANUFACTURERS STEEL MANUFACTURERS SUPPLIERS TO THE OIL AND GAS INDUSTRY 20

21 21 Incus Investor ASA

Interim report for 3 rd quarter 2012

Interim report for 3 rd quarter 2012 Interim report for 3 rd quarter 2012 Scana Industrier ASA is a Nordic industrial group whose key business is supplying products and system solutions to energy-related businesses. This encompasses oil and

More information

Your Aquaculture Technology and Service Partner. Q Presentation Oslo - August 17 th, 2016 Trond Williksen, CEO Eirik Børve Monsen, CFO

Your Aquaculture Technology and Service Partner. Q Presentation Oslo - August 17 th, 2016 Trond Williksen, CEO Eirik Børve Monsen, CFO Q2 2016 Presentation Oslo - August 17 th, 2016 Trond Williksen, CEO Eirik Børve Monsen, CFO Agenda 1 Highlights 2 Financial performance 3 Outlook 4 Q&A Highlights Q2 2016 - by CEO Trond Williksen 3 Improved

More information

BW OFFSHORE Ltd. Shipowners Experience and Requirements in Procurement and Building process. By Carl K. Arnet, March 2014

BW OFFSHORE Ltd. Shipowners Experience and Requirements in Procurement and Building process. By Carl K. Arnet, March 2014 BW OFFSHORE Ltd. Shipowners Experience and Requirements in Procurement and Building process By Carl K. Arnet, March 2014 Three numbers to define BW Offshore 16 FPSOs + 1 FSO top tier world-wide 700,000

More information

TTS GROUP ASA. Oslo, 13 May 2015 Björn Andersson, CEO Henrik Solberg-Johansen, CFO. Q1 Results Photo: Jan Rolf Jacobsen/Norlines

TTS GROUP ASA. Oslo, 13 May 2015 Björn Andersson, CEO Henrik Solberg-Johansen, CFO. Q1 Results Photo: Jan Rolf Jacobsen/Norlines TTS GROUP ASA Q1 Results 2015 Oslo, 13 May 2015 Björn Andersson, CEO Henrik Solberg-Johansen, CFO Photo: Jan Rolf Jacobsen/Norlines NEWS: New PCTC contract of MNOK120 Cargo access equipment to two PCTCs

More information

16 March Prosafe s Acquisition of Axis Offshore Marine Money Singapore

16 March Prosafe s Acquisition of Axis Offshore Marine Money Singapore 16 March 2017 Prosafe s Acquisition of Axis Offshore Marine Money Singapore Disclaimer All statements in this presentation other than statements of historical fact are forward-looking statements, which

More information

Sevan Marine ASA. Results. Second Quarter Oslo, August 25, Carl Lieungh, CEO. Reese McNeel, CFO. Page 1

Sevan Marine ASA. Results. Second Quarter Oslo, August 25, Carl Lieungh, CEO. Reese McNeel, CFO. Page 1 Sevan Marine ASA Results Second Quarter 2016 Oslo, August 25, 2016 Carl Lieungh, CEO Reese McNeel, CFO Page 1 Important information This presentation and its enclosures and appendices (hereinafter jointly

More information

Aker ASA Third-quarter results 2018

Aker ASA Third-quarter results 2018 Proud ownership Aker ASA Third-quarter results 2018 Fornebu Highlights Third quarter 2018 Net asset value: up NOK 6.2 billion (10.8%) to NOK 63.3 billion Return: Aker share up 17.8% to NOK 734 vs. OSEBX

More information

OCEAN YIELD AS Company Presentation. 20 June 2012

OCEAN YIELD AS Company Presentation. 20 June 2012 OCEAN YIELD AS Company Presentation 20 June 2012 Highlights Ocean Yield A vessels owning company with focus on low risk investments in oil service & industrial shipping Strong sponsor Ocean Yield is 100%

More information

Wilh. Wilhelmsen Holding ASA Fourth quarter and full year 2017

Wilh. Wilhelmsen Holding ASA Fourth quarter and full year 2017 Wilh. Wilhelmsen Holding ASA Fourth quarter and full year 2017 Thomas Wilhelmsen, group CEO Christian Berg, group CFO February 2018 Agenda Shaping the maritime industry Outlook Financials and business

More information

Ichthys LNG Project. Yoshiki Maeda, INPEX Insurance Manager 24 October Commercial-in-Confidence

Ichthys LNG Project. Yoshiki Maeda, INPEX Insurance Manager 24 October Commercial-in-Confidence Ichthys LNG Project Yoshiki Maeda, INPEX Insurance Manager 24 October 2013 Commercial-in-Confidence 1 Agenda Introduction to INPEX Corporation Flythrough video of the Ichthys Project Introduction to the

More information

Q1 results Peter Nilsson, CEO Cathrin Nylander, CFO

Q1 results Peter Nilsson, CEO Cathrin Nylander, CFO Q1 results 2018 Peter Nilsson, CEO Cathrin Nylander, CFO 20 April, 2018 Financial highlights Q1: Solid growth and improved profitability Strong revenue growth Underlying growth 8.9% EBIT margin 6.0% (5.3%)

More information

HitecVision Private Equity AS

HitecVision Private Equity AS H1 HitecVision Private Equity AS first six months 2008 2 highlights HitecVision continues its growth, both in revenues, profits and assets under management. Revenues for the first six months of 2008 were

More information

Analyst Presentation 2017

Analyst Presentation 2017 Analyst Presentation 2017 Index 1. TUBACEX GROUP 2. RECENT EVOLUTION 3. 2017 OUTLOOK & HALF YEAR RESULTS 4. STRATEGIC PLAN 2016-2020 1 TUBACEX PROPUESTA GROUP DE ACUERDOS TUBACEX Group A fully integrated

More information

Full year and Q4 results 2018

Full year and Q4 results 2018 Full year and Q4 results 2018 Cathrin Nylander, Acting CEO and CFO 14 February, 2019 Financial highlights Q4: Strong revenue growth Strong orders received MNOK 918 (940) EBIT margin 5.7% (6.5%) Excluding

More information

FINANCIAL HIGHLIGHTS. Brief report of the nine months ended December 31, Kawasaki Kisen Kaisha, Ltd. [Two Year Summary] Consolidated

FINANCIAL HIGHLIGHTS. Brief report of the nine months ended December 31, Kawasaki Kisen Kaisha, Ltd. [Two Year Summary] Consolidated FINANCIAL HIGHLIGHTS Brief report of the nine months ended December 31, 2018 [Two Year Summary] Consolidated Kawasaki Kisen Kaisha, Ltd. Nine months Nine months Nine months December 31, 2018 December 31,

More information

Your Aquaculture Technology and Service Partner. Q Presentation Oslo - May 11 th, 2016 Trond Williksen, CEO Eirik Børve Monsen, CFO

Your Aquaculture Technology and Service Partner. Q Presentation Oslo - May 11 th, 2016 Trond Williksen, CEO Eirik Børve Monsen, CFO Q1 2016 Presentation Oslo - May 11 th, 2016 Trond Williksen, CEO Eirik Børve Monsen, CFO Agenda 1 Highlights 2 Financial performance 3 Outlook 4 Q&A Highlights Q1 2016 - by CEO Trond Williksen 3 MNOK On

More information

Sevan Marine ASA. Results. First Half Oslo, August 19, Carl Lieungh, CEO. Reese McNeel, CFO. Page 1

Sevan Marine ASA. Results. First Half Oslo, August 19, Carl Lieungh, CEO. Reese McNeel, CFO. Page 1 Sevan Marine ASA Results First Half 2015 Oslo, August 19, 2015 Carl Lieungh, CEO Reese McNeel, CFO Page 1 Important information This presentation and its enclosures and appendices (hereinafter jointly

More information

Q Presentation. Oslo May 16 th 2018 Hallvard Muri, CEO Simon Nyquist Martinsen, CFO

Q Presentation. Oslo May 16 th 2018 Hallvard Muri, CEO Simon Nyquist Martinsen, CFO Q1 218 Presentation Oslo May 16 th 218 Hallvard Muri, CEO Simon Nyquist Martinsen, CFO Agenda Highlights Financial performance Outlook Q&A Highlights Q1 218 by CEO Hallvard Muri Continued growth in order

More information

NSB Financial results 2005

NSB Financial results 2005 NSB Financial results 2005 Highlights Pre-tax profit of MNOK 502 an increase of MNOK 332 from 2004. Operating profit of MNOK 589 an increase of MNOK 323 from 2004. Positive development of operations within

More information

INTERIM REPORT TTS GROUP ASA

INTERIM REPORT TTS GROUP ASA Q 4 TO 31 DECEMBER 2017 INTERIM REPORT TTS GROUP ASA CEO Letter TTS Group ASA (the "Company" or "TTS") announced on February 8 th 2018 that it has signed an asset sale agreement with MacGregor, a part

More information

CMD FINANCE NORWAY CMD

CMD FINANCE NORWAY CMD Q4 CMD FINANCE NORWAY CMD LONDON, 10. MARCH 2016 CFO BJØRN ERIK NÆSS DNB has delivered strong profit growth Net interest income NOK million Pre-tax operating profit before impairment NOK million 25 252

More information

QTO 31 MARCH INTERIM REPORT TTS GROUP ASA

QTO 31 MARCH INTERIM REPORT TTS GROUP ASA 1 QTO 31 MARCH 2018 INTERIM REPORT TTS GROUP ASA CEO Letter The announced asset sale agreement with Cargotec Oyj (the Cargotec transaction) is being consummated. TTS Group ASA (the "Company" or "TTS")

More information

Aker Seafoods Second quarter 2009 Sales of fresh products up, but prices down

Aker Seafoods Second quarter 2009 Sales of fresh products up, but prices down Aker Seafoods Second quarter Sales of fresh products up, but prices down CEO Yngve Myhre CFO Gunnar Aasbø Interim presentation second quarter 1 Welcome Agenda Topic Operational Update Group Harvesting

More information

Creating value through active ownership. Frank O. Reite and Leif Borge London 17 March 2015

Creating value through active ownership. Frank O. Reite and Leif Borge London 17 March 2015 Creating value through active ownership Frank O. Reite and Leif Borge London 17 March 2015 Agenda THIS IS AKASTOR Frank O. Reite CEO FINANCIALS Leif Borge CFO March 17, 2015 Slide 2 Akastor is set up to

More information

First three quarters and Q3 results 2018

First three quarters and Q3 results 2018 First three quarters and Q3 results 2018 Peter Nilsson, CEO Cathrin Nylander, CFO 19 October, 2018 Financial highlights Q3: Strong order growth, including oil and gas Orders Received 25% growth MNOK 669

More information

First half year and Q2 results Peter Nilsson, CEO Cathrin Nylander, CFO

First half year and Q2 results Peter Nilsson, CEO Cathrin Nylander, CFO First half year and Q2 results 2018 Peter Nilsson, CEO Cathrin Nylander, CFO 12 July, 2018 Financial highlights Q2: Continued growth and solid profitability Continued revenue growth Highest Q2 revenue

More information

RBC Capital Markets-Global. Conference. Las Vegas

RBC Capital Markets-Global. Conference. Las Vegas RBC Capital Markets-Global Industrial Conference September 10 2013 September 10, 2013 Las Vegas Safe Harbor Statements in this presentation that are not historical are considered forwardlooking statements

More information

Norske Skog DnB NOR Markets Industry Summit 2007

Norske Skog DnB NOR Markets Industry Summit 2007 Norske Skog DnB NOR Markets Industry Summit 2007 Oslo, 30 November 2007 Christian Rynning-Tønnesen, CEO The world of Norske Skog Follum Skogn Saugbrugs Parenco Golbey Walsum Steti Bruck Hebei Chongwon

More information

Solar Group Presentation

Solar Group Presentation Solar Group Presentation Michael H. Jeppesen, Group CFO 9 January 2013, SEB Enskilda Nordic Seminar Agenda 1 Solar s business areas 2 Our value drivers: Growth, EBITA margin and NWC 3 The results we expect

More information

Q4 & PRELIMINARY ANNUAL RESULTS 2015

Q4 & PRELIMINARY ANNUAL RESULTS 2015 Q4 & PRELIMINARY ANNUAL RESULTS 2015 Kristian Røkke and Leif Borge Oslo February 17, 2016 Agenda FOURTH QUARTER HIGHLIGHTS Kristian Røkke CEO FINANCIALS Leif Borge CFO Q & A Kristian Røkke and Leif Borge

More information

SECOND QUARTER AND FIRST HALF YEAR RESULTS 2015

SECOND QUARTER AND FIRST HALF YEAR RESULTS 2015 SECOND QUARTER AND FIRST HALF YEAR RESULTS 2015 16 JULY 2015 SECOND QUARTER AND FIRST HALF YEAR RESULTS 2015 The challenging market situation has continued in the second quarter, resulting in a mixed performance

More information

Aker ASA Second-quarter and half-year results 2017

Aker ASA Second-quarter and half-year results 2017 Proud ownership Aker ASA Second-quarter and half-year results 2017 Fornebu Highlights Second-quarter 2017 Net asset value: down 7.9%, dividend adjusted, to NOK 28.8 billion (NOK 32.6 billion) Return: Aker

More information

Baird Industrial Conference

Baird Industrial Conference Baird Industrial Conference Randy Baker, President & CEO Rick Dillon, EVP & CFO November 6, 2018 Safe Harbor Statements in this presentation that are not historical are considered forwardlooking statements

More information

SBM OFFSHORE Q TRADING UPDATE FULL YEAR OUTLOOK CONFIRMED

SBM OFFSHORE Q TRADING UPDATE FULL YEAR OUTLOOK CONFIRMED Press release - SBM Offshore N.V. 10 November 2010 Highlights SBM OFFSHORE Q3 2010 TRADING UPDATE FULL YEAR OUTLOOK CONFIRMED Turnover for the first nine months of 2010 at US$ 2,180 million, 2.5% above

More information

AKASTOR SECOND QUARTER AND HALF YEAR RESULTS Other Holdings

AKASTOR SECOND QUARTER AND HALF YEAR RESULTS Other Holdings Q2 AKASTOR SECOND QUARTER AND HALF YEAR RESULTS 2016 Other Holdings HIGHLIGHTS Weak market conditions continue across portfolio, but with more stable revenues in the quarter Net debt at NOK 5 427 million,

More information

Q3 RESULTS DNB GROUP THIRD QUARTER Roadshow London, Edinburgh and Dublin

Q3 RESULTS DNB GROUP THIRD QUARTER Roadshow London, Edinburgh and Dublin Q3 RESULTS DNB GROUP THIRD QUARTER 2015 Roadshow London, Edinburgh and Dublin 22.10.2015 Third quarter 2015 Pre-tax operating profit before impairment in NOK billion 8.1 (7.6) Cost/income ratio in per

More information

Q2 & 1H Results 2016 Kristian Røkke and Leif H. Borge Oslo July 14, 2016

Q2 & 1H Results 2016 Kristian Røkke and Leif H. Borge Oslo July 14, 2016 Second Quarter Results 2018 Karl Erik Kjelstad (CEO) and Leif Borge (CFO) Fornebu July 13, 2018 Webside endring Q2 & 1H Results 2016 Kristian Røkke and Leif H. Borge Oslo July 14, 2016 2018 Akastor First

More information

Posten Norge. Results as of 3 rd quarter 2015

Posten Norge. Results as of 3 rd quarter 2015 Posten Norge Results as of 3 rd quarter 2015 1 3 rd quarter 2015 PART 1: Highlights and development PART 2: Results and Segment Review 2 3 rd quarter 2015 PART 1: Highlights and development 3 Highlights

More information

FINAL RESULTS SBM OFFSHORE 2007

FINAL RESULTS SBM OFFSHORE 2007 Press release - SBM Offshore N.V. 11 March 2008 Highlights FINAL RESULTS SBM OFFSHORE 2007 net profit of US$ 266.8 million, a 23.3% increase in comparison with 2006 (US$ 216.3 million); net profit excluding

More information

Aker ASA Fourth-quarter and preliminary annual results 2018

Aker ASA Fourth-quarter and preliminary annual results 2018 Proud ownership Aker ASA Fourth-quarter and preliminary annual results 2018 Fornebu Highlights Highlights 2018: Return: Share price up 19.1%, dividend adjusted, compared to the OSEBX which was down 1.8%

More information

QUARTERLY REPORT 1ST QUARTER. kongsberg.com

QUARTERLY REPORT 1ST QUARTER. kongsberg.com QUARTERLY REPORT 1ST QUARTER 2018 kongsberg.com KONGSBERG The activity remains at a stable level in Kongsberg Maritime, but at the same time we have seen temporary lower activity in certain defence business

More information

1 Annual repor 3 t 2013

1 Annual repor 3 t 2013 Annual report 2013 3 Content Main points... 3 The Lighting Company... 4 Main points from the divisions... 6 The Board s annual statement... 14 Profit and loss account... 22 Cash flow statement... 23 Balance

More information

Q2 & 1H Results 2016 Kristian Røkke and Leif H. Borge Oslo July 14, 2016

Q2 & 1H Results 2016 Kristian Røkke and Leif H. Borge Oslo July 14, 2016 First Quarter Results 2017 Kristian Røkke and Leif Borge Oslo May 3, 2017 Webside endring Q2 & 1H Results 2016 Kristian Røkke and Leif H. Borge Oslo July 14, 2016 2016 Akastor First Quarter Results 2017

More information

PALFINGER AG. Presentation on the first quarter of April 2015

PALFINGER AG. Presentation on the first quarter of April 2015 PALFINGER AG Presentation on the first quarter of 2015 April 2015 PALFINGER AT A GLANCE! Leading international manufacturer of innovative lifting solutions» World market leader in loader cranes, marine

More information

Ship financing: Past, Current & Future How capital raising has been changing

Ship financing: Past, Current & Future How capital raising has been changing Ship financing: Past, Current & Future How capital raising has been changing Pål Hauge Senior Vice President Tanker Group 7 TH Chemical & Product Tanker Conference - London 17 March 2015 Slide 1 Agenda

More information

Eltel AB Q Presentation

Eltel AB Q Presentation Eltel AB Q2 2018 Presentation 9 August 2018 Eltel - Shaping Future Infranets 1 Today s presenters Håkan Kirstein CEO Petter Traaholt CFO Eltel - Shaping Future Infranets 2 Highlights An agreement to divest

More information

FIRST SIX MONTHS 2009 H1

FIRST SIX MONTHS 2009 H1 FIRST SIX MONTHS 2009 H1 09 FIRST SIX MONTHS 2009 2 HIGHLIGHTS The recession provides a challenging backdrop for all companies in the private equity industry, including HitecVision. However, in spite of

More information

10 January SEB - Nordic Seminar 2018

10 January SEB - Nordic Seminar 2018 10 January 2018 SEB - Nordic Seminar 2018 Disclaimer All statements in this presentation other than statements of historical fact are forward-looking statements, which are subject to a number of risks,

More information

March Company update

March Company update March 2017 Company update Disclaimer All statements in this presentation other than statements of historical fact are forward-looking statements, which are subject to a number of risks, uncertainties,

More information

KONGSBERG GRUPPEN (KOG) 3RD QUARTER REPORT. kongsberg.com

KONGSBERG GRUPPEN (KOG) 3RD QUARTER REPORT. kongsberg.com 3RD QUARTER REPORT 2013 kongsberg.com 2013 PAGE 1 KONGSBERG KONGSBERG reported operating revenues in 2013 of MNOK 3 448 (MNOK 3 675) and EBITDA of MNOK 518 (MNOK 646), resulting in an EBITDA margin of

More information

6 December Company presentation

6 December Company presentation 6 December 2017 Company presentation Disclaimer All statements in this presentation other than statements of historical fact are forward-looking statements, which are subject to a number of risks, uncertainties,

More information

Aker ASA Third-quarter results 2017

Aker ASA Third-quarter results 2017 Proud ownership Aker ASA Third-quarter results 2017 Fornebu Highlights Third-quarter 2017 Net asset value: up 20.4% to NOK 34.7 billion (NOK 28.8 billion) Return: Aker share up 19.3% to NOK 327 vs. OSEBX

More information

Capital Stock Conference March 1997 Agenda Item III. National Wealth Survey in Korea

Capital Stock Conference March 1997 Agenda Item III. National Wealth Survey in Korea Capital Stock Conference March 1997 Agenda Item III National Wealth Survey in Korea 1 1. History of the Survey In 1998, the fourth National Wealth Survey (NWS) will be conducted as of December 31, 1997,

More information

Norsk Gjenvinning Group 3rd Quarter 2018 Erik Osmundsen, CEO and Dean Zuzic, CFO

Norsk Gjenvinning Group 3rd Quarter 2018 Erik Osmundsen, CEO and Dean Zuzic, CFO Norsk Gjenvinning Group 3rd Quarter 2018 Erik Osmundsen, CEO and Dean Zuzic, CFO Disclaimer VV Holding AS is providing the following interim financial statements for Q3 2018 to holders of its NOK 2,126,000,000

More information

Q Presentation. Oslo November 2 nd 2018 Hallvard Muri, CEO Simon Nyquist Martinsen, CFO

Q Presentation. Oslo November 2 nd 2018 Hallvard Muri, CEO Simon Nyquist Martinsen, CFO Q3 218 Presentation Oslo November 2 nd 218 Hallvard Muri, CEO Simon Nyquist Martinsen, CFO Agenda Highlights Financial performance Outlook Q&A Highlights Q3 218 by CEO Hallvard Muri Order Intake development

More information

A d d i t i o n a l c o s t c u t t i n g b y s i m p l i f y i n g t h e s t r u c t u r e

A d d i t i o n a l c o s t c u t t i n g b y s i m p l i f y i n g t h e s t r u c t u r e Interim report A d d i t i o n a l c o s t c u t t i n g b y s i m p l i f y i n g t h e s t r u c t u r e Kitron showed a slight loss for the third quarter. Group sales proved to be lower than expected,

More information

Fourth quarter 2016 Presentation to analysts and preliminary results 2016

Fourth quarter 2016 Presentation to analysts and preliminary results 2016 Fourth quarter 2016 Presentation to analysts and preliminary results 2016 Finn Bjørn Ruyter Oslo, 9 February 2017 Agenda 1 Summary of the year 2016 2 Fourth quarter 2016 results 3 Theme: Strategy 4 Appendix

More information

Highlights...2. Our business. 3. Financials KA Group...4. Financials Divisions...5. Balance sheet, cash-flow and statement of changes in equity...

Highlights...2. Our business. 3. Financials KA Group...4. Financials Divisions...5. Balance sheet, cash-flow and statement of changes in equity... Page 1/13 Highlights...2 Our business. 3 Financials KA Group...4 Financials Divisions...5 Balance sheet, cash-flow and statement of changes in equity...6 Secondary segment reporting...9 Accounting Principles...11

More information

1. kvartal. 1 st Quarter EKORNES ASA 2010 Q1

1. kvartal. 1 st Quarter EKORNES ASA 2010 Q1 EKORNES ASA Q1 1 Ekornes Q1 - Headlines: 1. kvartal Ekornes presenting solid figures EBIT MNOK 155.4 (Q1/09: MNOK 108.0) EBT MNOK 154.2 (Q1/09: MNOK 87.3). Operating revenues increased by 13.0% due to

More information

CONDITIONS OF CLASSIFICATION OFFSHORE UNITS AND STRUCTURES 2016

CONDITIONS OF CLASSIFICATION OFFSHORE UNITS AND STRUCTURES 2016 Part 1: Rules for Classification of Offshore Units and Structure RULES FOR CONDITIONS OF CLASSIFICATION OFFSHORE UNITS AND STRUCTURES 2016 PART 1 (Updated August 2016 see next page) American Bureau of

More information

Norsk Gjenvinning Group 3rd Quarter 2017 Erik Osmundsen, CEO and Dean Zuzic, CFO

Norsk Gjenvinning Group 3rd Quarter 2017 Erik Osmundsen, CEO and Dean Zuzic, CFO Norsk Gjenvinning Group 3rd Quarter 2017 Erik Osmundsen, CEO and Dean Zuzic, CFO Disclaimer VV Holding AS is providing the following interim financial statements for Q3 2017 to holders of its NOK 2,235,000,000

More information

GS-Hydro Offshore Marine Land

GS-Hydro Offshore Marine Land Offshore Marine Land GS-Hydro in Brief GS-Hydro is the world s leading supplier of non-welded piping systems. We began operations in 1974 with the commercialization of an innovative flange which allowed

More information

Second quarter and first half 2018

Second quarter and first half 2018 Second quarter and first half 2018 Developments in the quarter (Figures in brackets relate to first quarter 2018. The figures are unaudited.) On June 07, 2018 Sevan Marine entered into an agreement to

More information

SOLID FINANCIAL POSITION SUPPORTS OUR GROWTH AGENDA

SOLID FINANCIAL POSITION SUPPORTS OUR GROWTH AGENDA SOLID FINANCIAL POSITION SUPPORTS OUR GROWTH AGENDA Marco Wirén, CFO & Executive Vice President 1 Business model based on growth opportunities and flexibility Faster than global GDP growth Flexible cost

More information

Report for Q Mr. Lars Renström President and CEO Alfa Laval Group

Report for Q Mr. Lars Renström President and CEO Alfa Laval Group Report for Q1 2015 - Key figures - Orders received and margins - Highlights - Development per segment - Geographical development - Financials - Outlook Mr. Lars Renström President and CEO Alfa Laval Group

More information

Annual Accounts CEO Roeland Baan CFO Chris de la Camp. February 2, 2017

Annual Accounts CEO Roeland Baan CFO Chris de la Camp. February 2, 2017 Annual Accounts 216 CEO Roeland Baan CFO Chris de la Camp February 2, 217 Today s attendees from Outokumpu Roeland Baan CEO Chris de la Camp CFO Tommi Järvenpää Director Investor Relations 2 Disclaimer

More information

SalMar ASA. Presentation Q CEO Leif Inge Nordhammer CFO Trond Tuvstein

SalMar ASA. Presentation Q CEO Leif Inge Nordhammer CFO Trond Tuvstein SalMar ASA Presentation Q1 2015 CEO Leif Inge Nordhammer CFO Trond Tuvstein Agenda Highlights Financial update Operational update Outlook First quarter 2015 highlights Improved operations Challenging biological

More information

CONSOLIDATED FINANCIAL REPORT FOR THE NINE MONTHS ENDED DECEMBER 31, 2016 <Japanese GAAP>

CONSOLIDATED FINANCIAL REPORT FOR THE NINE MONTHS ENDED DECEMBER 31, 2016 <Japanese GAAP> CONSOLIDATED FINANCIAL REPORT FOR THE NINE MONTHS ENDED DECEMBER 31, 2016 Toyosu IHI Bldg. 1-1, Toyosu 3-chome, Koto-ku Tokyo 135-8710, Japan February 1, 2017 IHI Corporation (IHI) is listed

More information

Your Aquaculture Technology and Service Partner. Q Presentation Oslo - February 19 th, 2016 Trond Williksen, CEO Eirik Børve Monsen, CFO

Your Aquaculture Technology and Service Partner. Q Presentation Oslo - February 19 th, 2016 Trond Williksen, CEO Eirik Børve Monsen, CFO Q4 2015 Presentation Oslo - February 19 th, 2016 Trond Williksen, CEO Eirik Børve Monsen, CFO Agenda 1 Highlights 2 Financial performance 3 Outlook 4 Q&A Highlights Q4 2015 - by CEO Trond Williksen 3 MNOK

More information

RESULTS DNB GROUP 1ST QUARTER Rune Bjerke (CEO) Bjørn Erik Næss (CFO)

RESULTS DNB GROUP 1ST QUARTER Rune Bjerke (CEO) Bjørn Erik Næss (CFO) Q1 RESULTS DNB GROUP 1ST QUARTER 2015 Rune Bjerke (CEO) Bjørn Erik Næss (CFO) First quarter 2015 Pre-tax operating profit before impairment in NOK billion 9.3 (7.4) Cost/income ratio in per cent 37.0 (41.3)

More information

o1 OCEANTEAM SHIPPING ASA Q1 2011

o1 OCEANTEAM SHIPPING ASA Q1 2011 o1 OCEANTEAM SHIPPING ASA Q1 2011 INTERIM REPORT 1 st QUARTER 2011 OCEANTEAM SHIPPING ASA o2 OCEANTEAM SHIPPING ASA Q1 2011 OCEANTEAM SHIPPING ASA Q1 2011 INTERIM REPORT Issue date 25th MAY 2011 Going

More information

interim report Q1 2007

interim report Q1 2007 interim report 27 2 Key items Figures in brackets refer to the first quarter of 26 unless otherwise stated. Profit before tax slightly reduced NOK 15.7 million (NOK 16.1 million). Profit before tax amounted

More information

Fourth-Quarter and Preliminary Results 2014

Fourth-Quarter and Preliminary Results 2014 Fourth-Quarter and Preliminary Results 2014 Frank O. Reite and Leif Borge Oslo 10 February 2015 2015 Akastor Agenda Introduction Frank O. Reite CEO Financials Leif Borge CFO Q&A Q&A Session Frank O. Reite

More information

LAMPRELL Analyst Presentation Site Visit, 22 November 2006

LAMPRELL Analyst Presentation Site Visit, 22 November 2006 LAMPRELL Analyst Presentation Site Visit, 22 November 2006 I. OVERVIEW OF LAMPRELL 2 Overview of Lamprell A leading jackup rig refurbisher in the Arabian Gulf with a significant share of the market in

More information

FULL YEAR REPORT, 2017 TELEPHONE/AUDIO CONFERENCE 8 FEBRUARY 2018, AT CET TOMMY ANDERSSON, PRESIDENT AND CEO HELENA WENNERSTRÖM, EVP AND CFO

FULL YEAR REPORT, 2017 TELEPHONE/AUDIO CONFERENCE 8 FEBRUARY 2018, AT CET TOMMY ANDERSSON, PRESIDENT AND CEO HELENA WENNERSTRÖM, EVP AND CFO TELEPHONE/AUDIO CONFERENCE 8 FEBRUARY 2018, AT 15.30 CET TOMMY ANDERSSON, PRESIDENT AND CEO HELENA WENNERSTRÖM, EVP AND CFO DIRECT LINK AUDIOCAST: HTTPS://TV.STREAMFABRIKEN.COM/BULTEN Q4 2017 TELECONFERENCE:

More information

NORWAY ROYA L S A L M ON PRESENTATION Q Oslo, 7 November 2017 Charles Høstlund, CEO Ola Loe, CFO 1

NORWAY ROYA L S A L M ON PRESENTATION Q Oslo, 7 November 2017 Charles Høstlund, CEO Ola Loe, CFO 1 PRESENTATION Q3 2017 Oslo, 7 November 2017 Charles Høstlund, CEO Ola Loe, CFO 1 AGENDA: Highlights for the period Segment information Group financials Markets Outlook 2 Highlights in Q3 2017 Operational

More information

Shipping update. Oslo, November, 2011 Per Augdahl Senior Vice President Shipping, Offshore & Logistics

Shipping update. Oslo, November, 2011 Per Augdahl Senior Vice President Shipping, Offshore & Logistics Shipping update Oslo, November, 2011 Per Augdahl Senior Vice President Shipping, Offshore & Logistics Which segments do we cover Who are our clients How do we serve our clients 2 Norway is a major shipping

More information

PALFINGER AG. Continued growth Two-digit operating profitability achieved

PALFINGER AG. Continued growth Two-digit operating profitability achieved PALFINGER AG Continued growth Two-digit operating profitability achieved Presentation on the results for the first half of 2017 Munich, September 2017 GROWTH DESPITE MARKET VOLATILITY REVENUE, GROWTH AND

More information

HAVYARD GROUP ASA. Presentation Q Geir Johan Bakke, CEO

HAVYARD GROUP ASA. Presentation Q Geir Johan Bakke, CEO HAVYARD GROUP ASA Presentation Q3 2016-18.11.16 Geir Johan Bakke, CEO Agenda Headlines/ milestones Q3 Outlook Main figures Detailed figures HES/ QA Questions Headlines/Milestones Q3 EBIT of NOK 38.8 million

More information

Second-Quarter Results 2014

Second-Quarter Results 2014 2Q Second-Quarter Results 214 Fornebu, July 17, 214 Øyvind Eriksen and Leif Borge 214 Aker Solutions Slide 1 July 17, 214 Second-quarter results 214 Agenda 2Q 214 Introduction Øyvind Eriksen Chairman Financials

More information

Q REPORT. Your ambition. Our passion. Defence/Aerospace Energy/Telecoms Industry Medical devices Offshore/Marine

Q REPORT. Your ambition. Our passion. Defence/Aerospace Energy/Telecoms Industry Medical devices Offshore/Marine REPORT Q2 216 Report first half year and second quarter 216 Your ambition. Our passion. Defence/Aerospace Energy/Telecoms Industry Medical devices Offshore/Marine Norway Sweden Lithuania Germany USA China

More information

Annual Report Boa Offshore AS Group Org.nr

Annual Report Boa Offshore AS Group Org.nr Annual Report Group 2014 Org.nr. 926 265 156 BOA OFFSHORE AS GROUP BOARD S ANNUAL REPORT FOR 2014 Nature and location of activities: is the management company of the Taubåtkompaniet Group and the parent

More information

SBM OFFSHORE N.V. KEMPEN BENELUX CONFERENCE - LONDON

SBM OFFSHORE N.V. KEMPEN BENELUX CONFERENCE - LONDON SBM OFFSHORE N.V. KEMPEN BENELUX CONFERENCE - LONDON 24 November 2010 Disclaimer Some of the statements contained in this presentation that are not historical facts are statements of future expectations

More information

EVRY ASA Q4/FY 2017 PRESENTATION. CEO Björn Ivroth CFO Henrik Schibler

EVRY ASA Q4/FY 2017 PRESENTATION. CEO Björn Ivroth CFO Henrik Schibler EVRY ASA Q4/FY 2017 PRESENTATION CEO Björn Ivroth CFO Henrik Schibler Agenda Q4/ Preliminary FY 2017 presentation Group highlights Business update & trends Financial highlights Business area performance

More information

Aker ASA Second-quarter results 2015

Aker ASA Second-quarter results 2015 Proud ownership Aker ASA Second-quarter results 2015 Oslo 17 July 2015 Highlights Second-quarter 2015 Net asset value: NOK 21.0 billion in 2Q 2015 vs. NOK 19.1 billion in 1Q 2015, representing a 12.2%

More information

Interim Report Q1 2017

Interim Report Q1 2017 NKT A/S I Interim Report Q1 2017 I Webcast 17 May 2017 I 1 Interim Report Q1 2017 Webcast, 17 May 2017 NKT A/S I Interim Report Q1 2017 I Webcast 17 May 2017 I 2 Forward looking statements This presentation

More information

Growth continues. First quarter results May Peter A. Ruzicka, President & CEO

Growth continues. First quarter results May Peter A. Ruzicka, President & CEO 1 Growth continues First quarter results 2017 9 May 2017 Peter A. Ruzicka, President & CEO Highlights Q1-17: Continued progress from working as One Orkla Branded Consumer Goods continues to grow Associates

More information

Corporate Presentation. December 2016

Corporate Presentation. December 2016 Corporate Presentation December 2016 1 Disclaimer This presentation may contain forward looking statements which are subject to risks and uncertainties that could cause actual results, performance or achievements

More information

Norwegian Air Shuttle ASA 4th Quarter Presentation

Norwegian Air Shuttle ASA 4th Quarter Presentation Norwegian Air Shuttle ASA 4th Quarter Presentation February 2th 29 CEO Bjørn Kjos Double-digit revenue growth continues in Q4 Group revenues of MNOK 1,615 in Q4 28, 41 % growth since last year Domestic

More information

2 ND QUARTER 2013 RESULTS ANNOUNCEMENT

2 ND QUARTER 2013 RESULTS ANNOUNCEMENT 2 ND QUARTER 2013 RESULTS ANNOUNCEMENT TOMRA SYSTEMS ASA 18th of July 2013 HIGHLIGHTS FROM THE QUARTER INCLUDE Revenues Gross margin Revenues of 1,177 MNOK (948 MNOK in second quarter 2012). Organic, currency

More information

Hyundai Heavy Industries Co., Ltd. May 2003

Hyundai Heavy Industries Co., Ltd. May 2003 Hyundai Heavy Industries Co., Ltd. May 2003 1 Table of Contents 1. Overview 2. Financial Results and Analysis 3. Business 4. Current Issues 2 1. Overview 3 Overview of the Company Establishment : Dec.

More information

DERIVATIVES, OSLO BØRS - OCTOBER 2012

DERIVATIVES, OSLO BØRS - OCTOBER 2012 DERIVATIVES, OSLO BØRS - OCTOBER 2012 The OBX index fell slightly in October. The index decreased by 1.1% to 410.64 points. So far this year, the index is up 14.8%. The average number of contracts traded

More information

Interim report for the third quarter, 2005

Interim report for the third quarter, 2005 int e r i m re p o r t 2 5 Interim report for the third quarter, 25 THE LINDAB GROUP REVENUES DURING THE QUARTER INCREASED BY 13 PERCENT OPERATING PROFIT (EBITA), EXCLUDING ONE-TIME ITEMS INCREASED BY

More information

SEVAN MARINE ASA REPORT SECOND QUARTER

SEVAN MARINE ASA REPORT SECOND QUARTER SEVAN MARINE ASA REPORT SECOND QUARTER 2004 REPORT SECOND QUARTER 2004 Main figures 1 Operating revenues for the second quarter came to NOK 0.1 million (NOK 1.0 million). The decrease was primarily due

More information

HAVYARD GROUP ASA Presentation Q Geir Johan Bakke, CEO

HAVYARD GROUP ASA Presentation Q Geir Johan Bakke, CEO HAVYARD GROUP ASA Presentation Q1 2016-24.05.16 Geir Johan Bakke, CEO Agenda Headlines/ milestones Q1 Outlook Main figures Detailed figures HES/ QA Questions Headlines/Milestones Q1 EBIT of NOK 18.7million

More information

Fortum Corporation Interim Report 1 January 30 June 2003

Fortum Corporation Interim Report 1 January 30 June 2003 Fortum Corporation Interim Report 1 January 30 June 2003 Fortum Corporation Interim Report 1 January 30 June 2003 Continued strong performance by Fortum - significant improvement in ongoing business The

More information

WILH. WILHELMSEN HOLDING ASA. Fourth quarter report 2018

WILH. WILHELMSEN HOLDING ASA. Fourth quarter report 2018 WILH. WILHELMSEN HOLDING ASA Fourth quarter report Highlights for the quarter 12% reduction in EBITDA Improved EBITDA in maritime services, lifting EBITDA margin to 14% Reduced EBITDA in supply services,

More information

Loyalty Care Respect Boldness

Loyalty Care Respect Boldness Jotun Presentation Link to video Loyalty Care Respect Boldness Jotun Today Sales 15.8 NOK billion 14% SCA 9 819 Employees EBITA 1.8 NOK billion 10% WE 9% EECA 19% NEA +100 Countries EBITA margin 11% 2%

More information

EVRY ASA Q PRESENTATION CEO BJÖRN IVROTH CFO HENRIK SCHIBLER

EVRY ASA Q PRESENTATION CEO BJÖRN IVROTH CFO HENRIK SCHIBLER 1 EVRY ASA Q1 2018 PRESENTATION CEO BJÖRN IVROTH CFO HENRIK SCHIBLER Agenda Group highlights Business update Financial highlights Business area performance Targets and Concluding remarks Q&A 2 Group highlights

More information

Interim announcement 1 st Half-year 2015

Interim announcement 1 st Half-year 2015 Interim announcement 1 st Half-year 2015 Danfoss at a glance Danfoss engineers technologies that enable the world of tomorrow to do more with less. We meet the growing need for infrastructure, food supply,

More information