From the president and CEO:
Veidekke’s third quarter results largely reflect the continuation of second quarter trends. The growth in volumes continued but with more even margins across the three countries. Contracts being produced today are increasingly those which were signed in a weaker market, something which is also reflected in the margins. The most positive for the quarter is the housing market which has significantly improved seeing increasing sales and the start-up of several new projects.
Report of the Board of Directors for the third quarter 2010:
| KEY FIGURES (MNOK) * | Q3 2010 | Q3 2009 | 1 Jan. - 30 Sept. 2010 | 1 Jan. - 30 Sept. 2009 | Oct. 2009 - Sept. 2010 | 2009 | 2008 |
| Operating revenues 2) | 4 389.3 | 4 154.1 | 11 689.8 | 11 925.6 | 15 687.6 | 15 923.4 | 20 225.7 |
| Earnings before tax IFRS | 267.3 | 293.3 | 378.2 | 428.8 | 577.8 | 628.4 | 1 008.7 |
Earnings per share
IFRS (NOK) 1) | 1.5 | 1.7 | 2.1 | 2.5 | 3.3 | 3.7 | 5.8 |
| Operating revenues segment 2) | 4 447.9 | 3 980.1 | 11 923.2 | 11 491.6 | 15 989.6 | 15 558.0 | 19 395.3 |
Earnings before tax
(EBT) segment 2) | 270.5 | 240.5 | 419.6 | 311.5 | 631.2 | 523.1 | 815.6 |
| Earnings per share segment 2) | 1.5 | 1.3 | 2.3 | 1.7 | 3.6 | 3.0 | 4.5 |
| Profit margin (%) 2) | 6.1 | 6.0 | 3.5 | 2.7 | 3.9 | 3.4 | 4.2 |
| Net interest-bearing position | -610 | -706 | -610 | -706 | -610 | 102 | -260 |
| Orders-on-hand Construction | 12 086 | 11 293 | 12 086 | 11 293 | 12 086 | 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. |
