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 2014
Earnings per outstanding share (NOK) 0.51 0.39 0.36 0.31 0.16 -0.06
Operating cash flow per share (NOK) 0.97 0.69 0.61 0.59 0.25 0.56
Dividends paid per share (NOK) 0.20 0.55 0.43 0.27 0.15 0.35
No. of shares (1000) at year end 82 187 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 82 187
Share price 11.5 8.40 7.14 5.20 3.50 3.00
Price / book equity 20.4 11.30 11.59 7.87 5.29 4.58
Market Capitalisation (MNOK) 945.1 690.4 586.8 427.4 287.7 246.6

The Itera share on Oslo Stock Exchange>>

Bent Hammer

Bent Hammer

CFO

 

bent.hammer@itera.no

+47 982 15 497

 
Full year 2019
Full year 2018
Full year 2017
Jan - Jun 2017
Jan - Jun 2016
Full year 2016
Operating revenue, MNOK 560.3 531.3 475.0 232.1 215.7 424.8
Operating profit (EBIT), MNOK 56.2 42.8 39.3 19.1 14.5 34.1
Operating margin (EBIT), % 8.1% 8.1% 8.3% 8.2 % 6.7 % 8.0 %
Number of employees (period end) 512 486 491 430 370 395

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.
22 975 545 27,96 ARNE MJØS INVEST AS*  NOR
4 443 357 5,41 OP CAPITAL AS   NOR
3 782 000 4,60 GIP AS NOR
3 602 500 4,38 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
2 313 441 2,81 GAMST INVEST AS   NOR
2 200 000 2,68 JØSYRA INVEST AS   NOR
2 114 912 2,57 STOREBRAND VEKST VERDIPAPIRFOND NOR
2 031 588 2,47 MARXPIST INVEST AS NOR
1 000 000 1,22 FRAMAR INVEST AS   NOR
900 000 1,10 AANESTAD PANAGRI AS   NOR
835 057 1,02 ITERA ASA NOR
700 000 0,85 ALTEA PROPERTY DEVELOPMENT AS NOR
685 000 0,83 SÆTRANG MORTEN NOR
640 800 0,78 JENSEN LARS PETER  NOR
640 166 0,78 HØGBERG JON ERIK NOR
630 000 0,77 NYVANG JETMUND GUNNAR NOR
620 000 0,75 SOBER KAPITAL AS NOR
610 000 0,74 KIM-KJETIL GRØSLAND NOR
       
59 604 366 72,43    
82 186 624 100    

Last updated: 08.05.2020

*Arne Mjøs Invest AS holds a future contract expiring 19 June 2020 on 3,350,000 shares at an average price of NOK 9.2759 per share. The total controlling interest of Arne Mjøs is thus 26,325,545 shares (32.0%).

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

Name Position Share Stock Options
Arne Mjøs* CEO 22 975 545 279 920
Jon Erik Høgberg EVP 640 166 147 920
Kristian Enger EVP 499 322 169 880
Niko Nyström EVP 356 311 147 920
Bent Hammer CFO 278 222 303 840
Ane Gjennestad CCO 136 275 81 280
Oddvar Håland CEO Compendia 74 391 46 640
John Aalling CEO DK 131 992 81 280

*Arne Mjøs Invest AS holds a future contract expiring 19 June 2020 on 3,350,000 shares at an average price of NOK 9.2759 per share. The total controlling interest of Arne Mjøs is thus 26,325,545 shares (32%).

 

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
Mimi K. Berdal Board Member 137 298 0
Erik Berg Solheim Empolyee Representative 45 511 42 000
Morten Thorkildsen Board Member 38 998 0
Gyrid S. Ingerød Board Member 38 000 0
Charlotte Bech Blindheim Employee Representative 766 0
Odd H. Khalifi Observer in the board 65 284 124 000