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Ekornes ASA (EKO.OL)

EKO.OL on Oslo Stock Exchange

117.00NOK
18 May 2018
Change (% chg)

kr2.20 (+1.92%)
Prev Close
kr114.80
Open
kr115.00
Day's High
kr117.40
Day's Low
kr115.00
Volume
22,281
Avg. Vol
13,671
52-wk High
kr124.00
52-wk Low
kr99.00

Latest Key Developments (Source: Significant Developments)

Ekornes Asa Q4 Operating Revenue Up At NOK 849.2 Million
Friday, 16 Feb 2018 

Feb 16 (Reuters) - EKORNES ASA ::Q4 OPERATING REVENUE NOK 849.2 MILLION VERSUS NOK 752.6 MILLION YEAR AGO.ADJUSTED EBIT ENDED AT NOK 102.9 MILLION IN Q4 2017, COMPARED WITH NOK 93.8 MILLION IN SAME QUARTER IN 2016.BOARD OF DIRECTORS PROPOSE A DIVIDEND OF NOK 6.00 PER SHARE FOR 2017..  Full Article

Ekornes ‍Q3 adjusted EBIT down at NOK 94.9 million
Friday, 27 Oct 2017 

Oct 27 (Reuters) - EKORNES ASA :‍Q3 ADJUSTED EBIT TOTALED NOK 94.9 MILLION, DOWN FROM NOK 111.2 MILLION IN Q3 2016​.Q3 ‍GROSS OPERATING REVENUES WAS NOK 662.6 MILLION, DOWN FROM NOK 712.8 MILLION IN CORRESPONDING PERIOD IN 2016​.  Full Article

Ekornes Q2 Revenue up at NOK 762.5 million
Friday, 14 Jul 2017 

July 14 (Reuters) - EKORNES ASA ::Q2 REVENUE NOK 762.5 MILLION VERSUS NOK 759.5 MILLION YEAR AGO.Q2 EBIT NOK 71.1 MILLION VERSUS NOK 72.6 MILLION YEAR AGO.  Full Article

Ekornes targets long-term EBIT margin of 16-18 percent​
Friday, 9 Jun 2017 

June 9 (Reuters) - EKORNES ASA ::‍UPDATED LONG TERM FINANCIAL TARGETS​.LONG TERM TARGET IS ‍ANNUAL REVENUE GROWTH OF 3-5%​.LONG TERM TARGET IS EARNINGS BEFORE INTEREST AND TAXES (EBIT)-MARGIN OF 16-18 PERCENT​.‍TARGET IS STABLE AND INCREASING DIVIDEND OF AT LEAST 50 PERCENT OF NET PROFIT​.SAYS PLANS TO ‍ENSURE COST EFFICIENCY THROUGH COST FOCUS, PRODUCTION AND LOGISTICS OPTIMISATION AND CONTINUED VERTICAL INTEGRATION​.  Full Article

Ekornes Q1 earnings before tax decrease to NOK 81.9 mln
Wednesday, 3 May 2017 

May 3 (Reuters) - EKORNES ASA ::GENERATED GROSS OPERATING REVENUES OF NOK 804.5 MILLION IN Q1 2017, DOWN FROM NOK 918.5 MILLION IN CORRESPONDING PERIOD IN 2016.Q1 EARNINGS BEFORE TAX TOTALLED NOK 81.9 MILLION, COMPARED WITH NOK 168.1 MILLION IN SAME PERIOD LAST YEAR.BOARD OF DIRECTORS IS PROPOSING THAT AGM APPROVE AN ORDINARY DIVIDEND FOR 2016 FINANCIAL YEAR OF NOK 6.00 PER SHARE.BOARD HAS DECIDED TO PROPOSE PAYMENT OF AN ADDITIONAL DIVIDEND OF NOK 19.00 PER SHARE TO BE PAID OUT ON 7 SEPTEMBER 2017.  Full Article

Ekornes announces dividend of NOK 19 per share payable 7 Sept 2017
Tuesday, 4 Apr 2017 

Ekornes Asa : Eko-Eko key information relating to cash dividend to be paid by ekornes asa dividend with later payment-ob eks.dato . Says dividend amount with later payment nok 19 per share . Dividend later payment date 7 september 2017 Further company coverage: [EKO.OL] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Ekornes ASA says dividend amount NOK 6 per share
Tuesday, 4 Apr 2017 

Ekornes Asa : Eko key information relating to the cash dividend to be paid by Ekornes ASA-OB EKS.DATO .Says dividend amount NOK 6 per share.  Full Article

Ekornes: Capacity adjustments in H2 2016
Tuesday, 6 Sep 2016 

Ekornes ASA : Capacity adjustments in the second half of 2016 . Due to low order intake within Ekornes' Stressless segment, production capacity at the segment's facilities on the Northwest coast of Norway will be reduced by up to five production days during September and October . Reduction equals to 5 per cent of the Stressless segment's H2 2016 capacity . Adjustments will be made at five production units on Northwest coast of Norway .Order reserve within other segments is good and no production capacity adjustments will be made within these segments.  Full Article

Ekornes Q2 adjusted EBIT up at NOK 108.8 million
Friday, 15 Jul 2016 

Ekornes ASA : Q2 Gross operating revenues of 759.5 million Norwegian crowns ($90.8 million), up 10.3 million crowns from Q2 2015 . Q2 adjusted EBIT in totalled 108.8 million crowns, up from 79.7 million crowns in same period last year .Q2 order receipts 783 million crowns, an increase of 99 million crowns compared with same period in 2015..  Full Article

Ekornes to combine two Stressless Sofa production facilities
Thursday, 23 Jun 2016 

Ekornes ASA : Decided to combine company's two Stressless Sofa production facilities, closing down Hareid facility and moving the operation to Vestlandske in Sykkylven . Restructuring is a part of previously announced cost-reduction programme and is expected to reduce cost base by more than 10 million Norwegian crowns ($1.21 million) by end of 2016 . Merger is expected to yield annual cost savings exceeding 10 million crowns . Combination of two facilities will provide a necessary capacity adjustment and a more effective production . Combination of two facilities affects some 70 employees at Hareid facility . Ekornes expects one-off costs of 5 million crowns related to the combination of the two facilities . The book value of the Hareid facility is 38 million crowns, which is expected to be impacted by write-downs . All costs will be charged to the second quarter 2016 results .The merge of the facilities will start immediately with a step-vice transfer of production during the third and fourth quarter of 2016.  Full Article

RPT-UPDATE 1-Norway unions, employers agree wage deal, averting strike

OSLO, April 8 Norway's private-sector trade unions reached a deal on Sunday with employers over wages, pensions and other compensation, averting the outbreak of major strikes, a state-appointed mediator said after five days of negotiations.