OverviewSuggest Edit
Kvaerner is a provider of engineering, procurement, and construction services for offshore platforms and onshore plants of oil and gas operators. Its solutions include offshore wind solutions, onshore facilities, steel substructures, topsides, concrete solutions, floating structures, etc. Kvaerner's service lineup includes front-end development, marine operations, platform modification and upgrades, and decommissioning services. The company is an international contractor for operators and contractors within oil and gas, renewable energy, and in the field of engineering and fabrication.
| Type | Public | |
| Founded | 1853 | |
| HQ | Lysaker, NO | Map |
| Website | kvaerner.com | |
| Employee Ratings | More |
Key People/Management at Kvaerner
Henrik Inadomi
Senior Vice President Corporate Support & General Counsel
Sturla Magnus
Executive Vice President Process & Structures
Øyvind Berge
Chief Financial Officer
Guro Høyaas Løken
Executive Vice President FPSOs
Kenneth Simonsen
Executive Vice President Renewables
Karl-Petter Løken
President & CEO
Kvaerner Office Locations
Kvaerner has offices in Lysaker, Stavanger, Stord, Trondheim and in 6 other locations
Lysaker, NO (HQ)
Snarøyveien 20
Stavanger, NO
Gamle Forusveien 1
Stord, NO
Eldøyane 59
Trondheim, NO
Ranheimsvegen 10
Verdal, NO
Hamnevegen 7
St. John's, CA
215 Water St
Kvaerner Financials and Metrics
Kvaerner Revenue
Kvaerner's revenue was reported to be kr9.03 b in FY, 2019 which is a 25.1% increase from the previous period.
| NOK | |
|---|---|
Revenue (Q2, 2020) | 1.5b |
Net income (Q2, 2020) | 89.0m |
EBITDA (Q2, 2020) | 162.0m |
EBIT (Q2, 2020) | 115.0m |
Market capitalization (27-Oct-2020) | 1.9b |
Closing stock price (27-Oct-2020) | 7.0 |
Cash (30-Jun-2020) | 1.7b |
EV | 263.6m |
Kvaerner's current market capitalization is kr1.9 b.
Annual
Annual
Annual
Quarterly
| NOK | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 |
|---|---|---|---|---|---|---|---|---|
Depreciation and Amortization | 26.0m | 53.0m | 258.0m | 41.0m | 83.0m | 148.0m | 50.0m | 97.0m |
Cash From Operating Activities | (14.0m) | 322.0m | 349.0m | (208.0m) | 19.0m | (152.0m) | (240.0m) | (496.0m) |
Purchases of PP&E | (26.0m) | (100.0m) | (202.0m) | (70.0m) | (151.0m) | (267.0m) | (31.0m) | (52.0m) |
Cash From Investing Activities | (26.0m) | (106.0m) | (209.0m) | (69.0m) | (171.0m) | (276.0m) | (10.0m) | (72.0m) |
| NOK | FY, 2017 |
|---|---|
Revenue/Employee | 2.5m |
Financial Leverage | 1.8 x |
Kvaerner Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| Aker Solutions Contracting AS | ||
| Kvaerner Americas Holdings Inc | ||
| Kværner AS | ||
| Kværner ASA | ||
| Kvaerner Canada Ltd | ||
| Kvaerner Contracting Ltd | ||
| Kvaerner Engineering & Technology (Beijing) Co Ltd | ||
| Kvaerner Finland Oy | ||
| Kværner Ghana AS | ||
| Kværner Holding AS |
Kvaerner Cybersecurity Score
Kvaerner Revenue Breakdown
Kvaerner revenue breakdown by geographic segment: 88.3% from Norway, 10.5% from Europe and 1.3% from Other
Kvaerner Online and Social Media Presence
Kvaerner's Trends
Kvaerner News and Updates
March 24, 2020
Minutes of Kvaerner ASA’s Annual General Meeting 2020
24 March 2020 - The ordinary Annual General Meeting of Kværner ASA was held on Tuesday, 24 March 2020 at Snarøyveien 20, 1360 Fornebu, Norway.
March 19, 2020
Kvaerner maintains resilience and aims for zero dividend decision at AGM
19 March 2020 - Kvaerner is monitoring the development of the covid-19 virus development with deep concern and full commitment to apply all necessary measures to protect the life and health of our workforce, business partners and the society around us. Simultaneously, the company is implementing pre…
February 12, 2020
Kvaerner results up, dividend proposed
12 February 2020 – Kvaerner’s results forKvaerner results up, dividend proposed the fourth quarter and for the full year 2019 ended at planned levels. Operating revenues for the last quarter were NOK 2 789 million for the Field Development segment, where also revenues from joint ventures are include…
January 23, 2020
CORRECTION- Kvaerner sells 1 430 429 shares to employees
23 January 2020 – On the 26 November Nordea Markets sold on behalf of Kværner ASA 1 430 429 shares in relation with the company's share purchase programme for employees. Following the transaction, Kværner ASA holds a total of 1 093 777 own shares. The price was based on the average volume weighted s…
December 12, 2019
Kvaerner guides for financial results and announces strategic cooperation at Capital Market Update
12 December 2019: During Kvaerner’s capital market update presentations today, the company comments on a series of news. The ambition to grow annual revenues above NOK 10 billion within 2023 is confirmed, and it simultaneously repeats that the financial results will in the short term first decline i…
December 05, 2019
CORRECTION Kvaerner sells 1 430 429 shares to employees
5 December 2019 – The 26 November 2019 Nordea Markets sold on behalf of Kværner ASA 1 430 429 shares in relation with the company's share purchase programme for employees. Following the transaction, Kværner ASA holds a total of 1 093 77 own shares. The price was based on the average volume weighted …
Kvaerner Blogs
September 09, 2020
Supplemental information
Supplemental information about Aker Solutions ASA and the combined company in relation to the contemplated merger
The post Supplemental information appeared first on Kvaerner.
September 04, 2020
Publication of Exempted Document in relation to the Contemplated Merger with Aker Solutions ASA
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFE…
August 21, 2020
Notice of Extraordinary General meeting – merger with Aker Solutions ASA
21 August 2020 – Reference is made to the stock exchange announcement made by Kværner ASA (“Kvaerner”) on July 17, 2020 regarding, among other things, the contemplated merger with Aker Soltuions ASA (“Aker Solutions”) as further set out in the merger plan dated July 17, 2020 (the “merger”). The merg…
July 17, 2020
Fusjon mellom Kværner ASA og Aker Solutions ASA
Kværner ASA («Kværner») og Aker Solutions ASA («Aker Solutions») har blitt enige om en fusjonsplan hvor de to selskapene slås sammen for å etablere et nytt leverandørselskap med en sterkere posisjon som en solid gjennomføringspartner som muliggjør bærekraftig lavutslippsproduksjon av olje og gass, s…
July 17, 2020
Contemplated merger between Kværner ASA and Aker Solutions ASA
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFE…
July 09, 2020
2. kvartal og halvårsresultat 2020
Kværner leverer gode resultater for andre kvartal, og ordreinngangen gir grunnlag for vekst på både kort og mellomlang sikt.
The post 2. kvartal og halvårsresultat 2020 appeared first on Kvaerner.
Kvaerner Frequently Asked Questions
When was Kvaerner founded?
Kvaerner was founded in 1853.
Who are Kvaerner key executives?
Kvaerner's key executives are Henrik Inadomi, Sturla Magnus and Øyvind Berge.
How many employees does Kvaerner have?
Kvaerner has 2,800 employees.
What is Kvaerner revenue?
Latest Kvaerner annual revenue is kr9 b.
What is Kvaerner revenue per employee?
Latest Kvaerner revenue per employee is kr3.2 m.
Who are Kvaerner competitors?
Competitors of Kvaerner include Dietsmann, Kiewit and Fluor.
Where is Kvaerner headquarters?
Kvaerner headquarters is located at Snarøyveien 20, Lysaker.
Where are Kvaerner offices?
Kvaerner has offices in Lysaker, Stavanger, Stord, Trondheim and in 6 other locations.
How many offices does Kvaerner have?
Kvaerner has 10 offices.
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