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Ekornes ASA (EKO.OL)

EKO.OL on Oslo Stock Exchange

137.40NOK
18 Jun 2018
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Latest Key Developments (Source: Significant Developments)

Ekornes: Board Recommends Cash Offer From Qumei Home Furnishing Group Co Ltd And Huatai to acquire all shares of Ekornes
Wednesday, 23 May 2018 

May 23 (Reuters) - Ekornes ASA ::BOARD RECOMMENDS CASH OFFER FROM QUMEI HOME FURNISHING GROUP CO LTD AND.VOLUNTARY CASH OFFER FOR ALL OUTSTANDING SHARES IN EKORNES ASA OF NOK 139 PER SHARE FROM QUMEI HOME FURNISHING.PREMIUM OF 28.4% TO 60 BUSINESS DAYS VOLUME WEIGHTED AVERAGE SHARE PRICE OF EKORNES FOR PERIOD ENDING ON 22 MAY.SHAREHOLDERS REPRESENTING 25.65% OF SHARES HAVE GIVEN PRE-ACCEPTANCES TO VOLUNTARY OFFER.BOARD OF DIRECTORS OF EKORNES UNANIMOUSLY RECOMMENDS VOLUNTARY OFFER.QUMEI, HUATAI AND EKORNES HAVE ENTERED INTO A TRANSACTION AGREEMENT REGARDING ACQUISITION OF EKORNES BY OFFEROR.VOLUNTARY OFFER, WILL BE COMPLETED THROUGH A SUBSIDIARY, QUMEI INVESTMENT AS.VOLUNTARY OFFER VALUES TOTAL SHARE CAPITAL OF EKORNES AT APPROXIMATELY NOK 5.1 BILLION..OFFEROR INTENDS TO PROPOSE TO GENERAL MEETING THAT MR. ZHAO IS ELECTED CHAIRMAN OF BOARD.  Full Article

Ekornes Q1 Earnings Before Tax Rises To NOK 120.5 Million
Tuesday, 24 Apr 2018 

April 24 (Reuters) - EKORNES ASA ::Q1 GROSS OPERATING REVENUES NOK 828.9 MILLION VERSUS NOK 804.5 MILLION YEAR AGO.Q1 EARNINGS BEFORE TAX NOK 120.5 MILLION VERSUS NOK 81.9 MILLION YEAR AGO.  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 Q4 EBIT down at NOK 8.7 million
Thursday, 16 Feb 2017 

Ekornes ASA : Operating revenues of 752.6 million Norwegian crowns ($90 million) for Q4 of 2016, down 4.4 pct . Q4 EBIT 8.7 million crowns versus 60.6 million crowns year ago . Decline in reported EBIT is mainly due to increased recognized costs as a result of changes made to calculation of cost of goods sold .Board proposes to pay a dividend of 6.00 crowns per share for 2016.  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

Deals of the day-Mergers and acquisitions

May 23 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Wednesday: