Ekornes ASA (EKO) - Financial and Strategic SWOT Analysis Review
Reference Code: GDCPG34551FSA Publication Date: OCT 2012
Industrivegen 1 Phone +47 70 255200 Revenue 2,757.59 (million NOK)
Ikornnes Fax +47 70 255300 Net Profit 273.90 (million NOK)
6222 Website www.ekornes.com Employees 68
EKO [Oslo Stock Consumer Packaged
Norway Exchange Industry
Exchange] Goods
Company Overview
Ekornes ASA (Ekornes) manufactures and sales household furniture. The company, along with its subsidiaries, specializes in the
production of comfort furniture such as recliners, arm chairs, sofas and mattresses. Ekornes also manufactures tables to
complement the other furniture. It markets its products under various brand names such as Stressless, Svane and Ekornes
Collection. In addition, the company produces both internal and exposed wood components for sofas, recliners and others.
Ekornes operates principally in Europe, Asia and the US. The company is headquartered in Ikornnes, Norway.
Key Executives SWOT Analysis
Name Title Ekornes ASA, SWOT Analysis
Olav Kjell Holtan Chairman Strengths Weaknesses
Tone Helen Hanken Director
Product Portfolio Operational Inefficiency
Arnstein Johannessen Director
Geographic Landscape
Kjersti Kleven Vice Chairman
Nora Forisdal Larssen Director
Source: Annual Report, Company Website, Primary and Secondary
Opportunities Threats
Research, GlobalData
Market Potential: Furniture Global Economic Scenario
Share Data Industry
Competitive Landscape
Ekornes ASA
Emerging Markets
Share Price (NOK) as on 26-Oct- 88.75
2012
Source: Annual Report, Company Website, Primary and Secondary Research,
EPS (NOK) 7.44 GlobalData
Market Cap (million NOK) 3,250
Enterprise Value (million NOK) 3,338
Shares Outstanding (million) 37
Source: Annual Report, Company Website, Primary and Secondary
Research, GlobalData
Financial Performance
Source: Annual Report, Company Website, Primary and Secondary
Research, GlobalData
Ekornes ASA (EKO) - Financial and Strategic SWOT Analysis Reference Code: GDCPG34551FSA
Review
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Table of Contents
Table of Contents ............................................................................................................................................................................... 2
List of Tables .................................................................................................................................................................................. 3
List of Figures ................................................................................................................................................................................. 3
Section 1 - About the Company.......................................................................................................................................................... 4
Ekornes ASA - Key Facts ................................................................................................................................................................... 4
Ekornes ASA - Key Employees .......................................................................................................................................................... 5
Ekornes ASA - Key Employee Biographies ........................................................................................................................................ 6
Ekornes ASA - Major Products and Services ..................................................................................................................................... 7
Ekornes ASA - History ........................................................................................................................................................................ 8
Ekornes ASA - Company Statement ................................................................................................................................................ 10
Ekornes ASA - Locations And Subsidiaries ...................................................................................................................................... 11
Head Office ................................................................................................................................................................................... 11
Other Locations & Subsidiaries ..................................................................................................................................................... 11
Section 2 – Company Analysis ......................................................................................................................................................... 13
Ekornes ASA - Business Description ............................................................................................................................................... 13
Ekornes ASA - SWOT Analysis ........................................................................................................................................................ 14
SWOT Analysis - Overview........................................................................................................................................................... 14
Ekornes ASA - Strengths .............................................................................................................................................................. 14
Strength - Product Portfolio ....................................................................................................................................................... 14
Strength - Geographic Landscape ............................................................................................................................................ 14
Strength - Manufacturing Facilities ............................................................................................................................................ 14
Ekornes ASA - Weaknesses ......................................................................................................................................................... 15
Weakness - Operational Inefficiency ......................................................................................................................................... 15
Ekornes ASA - Opportunities ........................................................................................................................................................ 15
Opportunity - Market Potential: Furniture Industry ..................................................................................................................... 15
Opportunity - Emerging Markets ............................................................................................................................................... 15
Opportunity - Business Initiatives .............................................................................................................................................. 15
Ekornes ASA - Threats ................................................................................................................................................................. 16
Threat - Global Economic Scenario........................................................................................................................................... 16
Threat - Competitive Landscape ............................................................................................................................................... 16
Threat - International and Political Risk ..................................................................................................................................... 16
Ekornes ASA - Key Competitors ...................................................................................................................................................... 17
Section 3 – Company Financial Ratios ............................................................................................................................................. 18
Financial Ratios - Capital Market Ratios........................................................................................................................................... 18
Financial Ratios - Annual Ratios .....................................................................................................................................................