Notepad and computer showing graph. Photo.

The Articles of Association include no form of restriction on negotiability.

The Itera Share

  2019 2018 2017 2016 2015
Earnings per outstanding share (NOK) 0.51 0.39 0.36 0.31 0.16
Operating cash flow per share (NOK) 0.97 0.69 0.61 0.59 0.25
Dividends paid per share (NOK) 0.20 0.55 0.43 0.27 0.15
No. of shares (1000) at year end 82 187 82 187 82 187 82 187 82 187
Avg. no. of shares (1000) 81 244 81 087 81 691 81 221 82 123
Share price 11.5 8.40 7.14 5.20 3.50
Price / book equity 20.4 11.3 11.6 7.9 5.3
Market Capitalisation (MNOK) 945.1 690.4 586.8 427.4 287.7

The Itera share on Oslo Stock Exchange>>

Bent Hammer

Bent Hammer

CFO

 

bent.hammer@itera.no

+47 982 15 497

 
2019
2018
2017
2016
Operating revenue, MNOK 560.3 531.3 475.0 424.8
Operating profit (EBIT), MNOK 56.2 42.8 39.3 34.1
Operating margin (EBIT), % 8.1% 8.1% 8.3% 8.0 %
Number of employees (period end) 512 486 491 395

Itera's dividend policy, adopted by the Board of Directors, is to distribute a dividend of minimum 50 % of the normalized result after tax. The annual dividend payment will depend on the financial situation, need for working capital and investments or acquisition possibilities. 

Year Dividend Date
2019 NOK 0.20 25.05.2020
2018 NOK 0.30 25.10.2019
2018 NOK 0.25 22.05.2019
2017 NOK 0.25 23.05.2018
2016 NOK 0.25 25.10.2017
2016 NOK 0.18 23.05.2017
2015 NOK 0.15 21.10.2016
2015 NOK 0.12 24.05.2016
2014 NOK 0.15 29.10.2015
2013 NOK 0.35 23.05.2014
2012 NOK 0.06 24.05.2013
2010 NOK 0.10 27.05.2011
2009 NOK 0.20 20.05.2010
2008 NOK 0.20 25.05.2009
2007 NOK 0.50 23.05.2008

Investor Relations Policy

Itera treats all shareholders equally concerning information relevant to the share price, and publishes all information relevant to the share price through the notification system of Oslo Stock Exchange, with additional publishing on the company website.

At the website the company also publishes the quarterly reports on-line through webcast. The company follows the Oslo Stock Exchange's recommendation concerning the reporting of IR information.

Corporate Governance

Itera ASA (the company) complies with the Norwegian Code of Practice for Corporate Governance. There are no significant deviations between the Code of Practice and the way it is implemented in the company.

The company's corporate governance principles are adopted by the Board of Directors and ensure an appropriate division of roles and responsibility and well-functioning cooperation among the company's shareholders, the Board of Directors (the Board) and its senior management, and that the company's activities are subject to satisfactory control. An appropriate division of roles, effective cooperation, and satisfactory control contribute to the best possible value creation over time, to the benefit of owners and other stakeholders. The Corporate Governance principles are further described in Itera's annual report.

Code of Business Ethics

Itera's code of ethics addresses impartiality, conflicts of interests, relation with customers and suppliers, relations with media, insider trading and relevant financial interests of a personal nature. The code of ethics applies to all employees in Itera. 

Itera Code of Business Ethics (PDF)

Shareholding % Name Nat.
23 375 272 28,44 ARNE MJØS INVEST AS*  NOR
4 448 357 5,41 OP CAPITAL AS   NOR
3 848 000 4,68 GIP AS NOR
3 500 000 4,26 EIKESTAD AS NOR
3 350 000 4,08 DnB NOR Bank ASA NOR
2 890 000 3,52 SEPTIM CONSULTING AS NOR
2 640 000 3,21 BOINVESTERING AS NOR
2 354 165 2,86 GAMST INVEST AS   NOR
2 200 000 2,68 JØSYRA INVEST AS   NOR
2 031 588 2,47 MARXPIST INVEST AS NOR
1 671 267 2,03 STOREBRAND VEKST VERDIPAPIRFOND NOR
1 269 136 1,54 ITERA ASA NOR
925 000 1,13 FRAMAR INVEST AS   NOR
900 000 1,10 AANESTAD PANAGRI AS   NOR
782 045 0,95 HØGBERG JON ERIK NOR
700 000 0,85 ALTEA PROPERTY DEVELOPMENT AS NOR
630 000 0,77 NYVANG JETMUND GUNNAR NOR
610 000 0,74 KIM-KJETIL GRØSLAND NOR
604 600 0,74 JENSEN LARS PETER  NOR
600 000 0,73 MORTEN JOHNSEN HOLDING AS NOR
       
59 329 430 72,06    
82 186 624 100    

Last updated: 20.10.2020

*Arne Mjøs Invest AS holds a future contract expiring 18 December 2020 on 3,350,000 shares at an average price of NOK 9.209 per share. The total controlling interest of Arne Mjøs is thus 26,725,272 shares (32.5%).

Shareholdings owned directly or indirectly, and stock options held by the Executive Management.

Name Position Share Stock Options
Arne Mjøs* CEO 23 375 272 57 960
Bent Hammer CFO 380 313 123 840
Bjørn Myrvold CSO 50 201 168 800
Anine Ragnif COO 1744 150 000
Mette Mowinckel CHRO 4594 100 000
Ane Gjennestad CCO 184 019 41 280

*Arne Mjøs Invest AS holds a future contract expiring 18 December 2020 on 3,350,000 shares at an average price of NOK 9.209 per share. The total controlling interest of Arne Mjøs is thus 26,725,272 shares (32.5%).

 

Shareholdings owned directly or indirectly, and stock options held by the Board.

Name
Position
Shares
Stock Options
Jan Erik Karlsson Board Member 320 376 0
Marianne Killengreen Board Member 0 0
Morten Thorkildsen Board Member 38 998 0
Gyrid S. Ingerød Board Member 38 000 0
Anne Nyseter Perez Employee Representative 436 0
Andreas Almquist Employee Representative 75 255 74 000
Odd H. Khalifi Observer in the board 69 083 124 000
Charlotte Bech Blindheim Observer in the board 766 0

SpareBank 1 Markets AS 

Petter Kongslie

Equity Analyst

 

Tlf. dir.: (+47) 24 14 74 96

Mob.   : (+47) 98 41 10 80

E-mail : petter.kongslie@sb1markets.no