From the president and CEO:
In the first quarter, Veidekke’s operations developed a little better than in the first quarter last year. The results reflect margin pressure in the construction business as well as increased activity in housing development. Within Industry, Veidekke came out well in this year’s tender for asphalt contracts for the Public Roads Administration.
Report of the Board of Directors for the first quarter 2010:
| KEY FIGURES (MNOK)* | Q1 2010 | Q1 2009 | April 2009 -
March 2010 | 2009 | 2008 |
| Operating revenues 2) | 3 110.5 | 3 357.7 | 15 672.2 | 15 923.4 | 20 225.7 |
| Earnings before tax IFRS | -29.0 | -137.8 | 737.2 | 628.4 | 1 008.7 |
| Earnings per share (NOK) 1) | -0.2 | -0.8 | 4.3 | 3.7 | 5.8 |
| Operating revenues segment 2) | 3 147.8 | 3 325.3 | 15 380.5 | 15 558.0 | 19 395.3 |
| Earnings before tax (EBT) segment 2) | - 14.3 | -133.5 | 642.3 | 523.1 | 815.6 |
| Earnings per share segment 2) | - 0.1 | -0.8 | 3.7 | 3.0 | 4.5 |
| Profit margin (%) 2) | -0.5 | -4.0 | 4.1 | 3.3 | 4.0 |
| Net interest-bearing position | -432 | -162 | -432 | 101 | -260 |
| Orders-on-hand Construction | 12 045 | 9 941 | 12 045 | 12 334 | 10 564 |
1) No dilution effect.
2) The figures are taken from the segment accounts.
* The comments in highlights and segment reports relate to figures from the segment accounts. |
