From the president and CEO:
The headline for Veidekke’s third quarter results announcement is “satisfactory result in challenging times.” The production of contracts won under the challenging market conditions of 2009 and 2010 continued to impact construction operations, but increased activity and improved property sales, however, contributed to overall satisfactory results for the third quarter.
Board of Directors' report for the third quarter 2011:
| KEY FIGURES* (MNOK) | Q3 2011 | Q3 2010 | 1.1. – 30.9.2011 | 1.1. – 30.9.2010 | Okt. 2010 - Sept. 2011 | 2010 | 2009 |
| Operating revenues IFRS | 4 539.1 | 4 389.3 | 12 294.9 | 11 689.8 | 16 350.0 | 15 744.9 | 15 923.4 |
| Earnings before tax IFRS | 220.0 | 267.3 | 469.5 | 378.2 | 573.3 | 482.0 | 628.4 |
| Earnings per share IFRS (NOK) 1 | 1.3 | 1.5 | 2.9 | 2.1 | 3.4 | 2.6 | 3.7 |
| Operating revenues segment 2 | 4 587.1 | 4 447.9 | 12 759.1 | 11 923.2 | 17 132.3 | 16 296.4 | 15 558.0 |
| Earnings before tax (EBT) segment 2 | 225.1 | 270.5 | 545.8 | 419.6 | 715.9 | 589.7 | 523.1 |
Earnings per share
segment 2 | 1.4 | 1.5 | 3.3 | 2.3 | 4.3 | 3.3 | 3.0 |
| Profit margin (%) 2 | 4.9 | 6.1 | 4.3 | 3.5 | 4.2 | 3.6 | 3.4 |
| Net interest-bearing position | -1 033 | -610 | -1 033 | -610 | -1 033 | -162 | 101 |
| Orders-on-hand Construction | 13 379 | 12 086 | 13 379 | 12 086 | 13 379 | 12 183 | 12 334 |
1 No dilution effect.
2 The figures are taken from the segment reporting that provides the most accurate bildet of actual activity and earnings in the period.
* The comments under highlights and the segment reports relate to figures taken from the segment accounts. |
