26 jan: Villa Joy - dansk konceptbolig med verdensinspiration og potentia..
02 feb: Stort behov for mini-MBA i bestyrelsesuddannelse
28-01-2010 08:02:00

Preliminary Annual Accounts / Fourth Quarter Report 2009

This information is subject of the disclosure requirements acc. to §5-12 vphl

(Norwegian Securities Trading Act)

Rieber & Søn's operating profit (EBIT) in the fourth quarter totalled NOK 185m

(122m), while the figure for the year was NOK 424m (356m). EPS in the fourth

quarter stood at  NOK 1.52  (0.82) and NOK 3.32 (2.46) for the year.

Sales in the fourth quarter came to NOK 1 256m (1 377m), while the figure for

the year was NOK 4 967m (4 997m). Structural effects had a negative effect on

sales, reducing the performance by 1.6% in the fourth quarter, and by 0.6% for

the year. Currency conversion effects reduced sales in the fourth quarter by

4.7% and by 0.4% for the year. Organic growth stood at -2.4% in the fourth

quarter, while the increase for the year was 0.4%.

The gross margin in the fourth quarter rose to 59.2% (57.1%) and to 56.7%

(56,0%) for the year. The Group had good cost control in the fourth quarter and

payroll and operating costs were down 8% at NOK 569m, while the figure for the

year was 1% lower at NOK 2 218m. The EBITDA margin for the fourth quarter was

13,9% (12.1%) and 12.1% (11.2%) for the year. The corresponding figures for

 EBIT margin were 14.7% (8.9%) and 8.5% (7.1%), respectively.

The operating profit in the fourth quarter was positively affected by one-off

effects which contributed NOK 61m. This was the net effect of income of NOK 77m

from the sale of the  Sopps brand and the marine ingredients line in Arna, and

costs of NOK 16m related to the write-down of the production plant for Anja Cake

in Poland and transaction costs for the acquisition of Gellwe which was not

approved by the Polish competition authorities.  The operating profit for the

year was positively affected by one-off effects totalling NOK 32m. The Group's

core activities exclusive one-off items provided EPS of NOK 3.09 for the year,

which was 30% up on 2008.

The return on capital employed was 22.7% (14.1%) in the fourth quarters and

12.8% (10.9%) for the year.

In line with the Group's dividend policy, the Board will ask the AGM to approve

a dividend of NOK 2.00 per share. Together, this represents a 60% increase in

the dividend compared with the previous year and a dividend ratio of 60%.

"Our Future"

"Our Future" is aimed at achieving lasting improvements in results of NOK 400m

in 2012. The extra consumption of resources of a one-time nature in order to

realise these improvements is estimated to cost NOK 125m. The programme is

progressing as planned.

In the fourth quarter, the net effect of improvements in purchasing, production

and marketing under the "Our Future" platform totalled NOK 35m and comprised

positive effects of NOK 44m in the fourth quarter and implementation costs of

NOK 9m. The accumulated total of the positive, lasting effects in the first 12

months was NOK 96m, while implementation costs in the same period came to NOK

47m.

The aim to improve Group profitability was achieved in line with the plans for

2009. Through good cost control and the implementation of efficiency programmes

which provide lasting improvements, a sound basis has been laid for further

growth in profitability.

Bergen, 27 January 2010

Board of Directors of Rieber & Søn ASA

[HUG#1377906]

4Q Quarter Report 2009 : http://hugin.info/121/R/1377906/338577.pdf

4Q Presentation 2009: http://hugin.info/121/R/1377906/338578.pdf

Opret kommentar

Relateret debat

  • 1 uge
  • 1 måned
  • 1 År
29 aug
FING-B
MENA - du kender vist godt den atomare størrelse af min respekt for dig og dine evige meningsløse sm..
31
30 aug
OMXC20
  Hvis du gerne vil øge din chance for at undgå at lade dig påvirke til dårlige investeringsbeslutni..
26
25 aug
GEN
Stop nu det mobberi GW   Jeg elsker at følge den aktie, og det er så trist at du altid skal hævde di..
24
30 aug
GEN
Lad os bare tage den primitive udregning en gang mere for GW og CO:   I USA + de 5 største europæris..
23
29 aug
FING-B
 Fra i dag - https://play.borsen.dk/klip/57c2eeecd99b63192e1f27dc   Min kommentar. Børsklippet viser..
19
26 aug
FING-B
Når Nordea alene i deres analyse tager udgangspunkt i konkurrencesituationen flere år fremme i tiden..
18
30 aug
OMXC20
du har nu overgået dig selv,, mht idiotiske kommentarer.   Tillykke.
16
29 aug
ZEAL
EI debat er efterhånden et UTROLIGT sørgeligt foretagende... mudderkastning fra ende til anden... i ..
16
29 aug
BAVA
Jeg må antage, dit kendskab er beskedent, og du derfor ikke kan udnytte denne unikke chance for at s..
14
25 aug
ZEAL
Her kommer endnu et bud på, hvor Zealand skal hen efter en FDA godkendelse af iGlarlixi. Jeg siger k..
13

Mærsk/Jyske: Markedet er snærvertsynet og kan blive skuffet

31-08-2016 16:19:19
Når A.P. Møller-Mærsk præsenterer resultaterne af den strategiske gennemgang, som konglomeratet er i gang med lige nu, så er der forskellige forventninger til, ..

Mærsk/Sydbank: Hanjins forlis vil være godt nyt for markedet-NY

31-08-2016 12:05:45
Det er tragisk men godt nyt for branchen, hvis verdens syvende største containerrederi, Hanjin Shipping, ender med at bukke under for de svære markedsvilkår.Det..

Aktier/åbning: C20 starter med dyk anført af Mærsk og Lundbeck

31-08-2016 09:23:43
En sænket anbefaling tynger A.P. Møller-Mærsk og Lundbeck fra åbningen på det danske aktiemarked onsdag, hvor C20 Cap-indekset efter ti minutters handel ligger ..

Mest læste nyheder

  • 24 timer
  • 48 timer
  • 1 uge
1
Genmab/Sydbank: Godkendelse kan dæmpe presset på Arzerra
2
Mærsk/Sydbank: Hanjins forlis vil være godt nyt for markedet-NY
3
Novo/HSBC: Løfter anbefaling til "hold" fra "reducer"
4
Mærsk: Sydkoreansk rival tager skridt mod betalingsstandsning
5
Genmab får udvidet godkendelse til Arzerra i USA

Køb- og salgsanbefalinger

  • Trend
  • Pengemaskinen

Copyright Euroinvestor A/S 2016  Disclaimer Privatlivspolitik
Aktieinformation leveres af Interactive Data.
Data er forsinket 15-20 minutter iht. de enkelte børsers regler om videredistribution.
 
31. august 2016 18:01:27
(UTC+01:00) Brussels, Copenhagen, Madrid, Paris
Version: LiveBranchBuild_20160830.1 - EUROWEB2 - 2016-08-31 18:01:27 - 2016-08-31 18:01:27 - 1 - Website: OKAY

Når du besøger Euroinvestor.dk accepterer du, at der anvendes cookies, som vi og vores samarbejdspartnere benytter til funktionalitet, statistik og markedsføring. Læs mere om cookies på Euroinvestor.dk her

x