Olav Thon Eiendomsselskap ASA - Company Capsule

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					Olav Thon Eiendomsselskap ASA

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Olav Thon Eiendomsselskap ASA - Company
Capsule


Reference Code: CN0725CC
Published Date: April 2011




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Olav Thon Eiendomsselskap ASA - Company Capsule                                     Page 1
Olav Thon Eiendomsselskap ASA

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Olav Thon Eiendomsselskap ASA - Company Overview

Olav Thon Eiendomsselskap ASA (Olav Thon Eiendomsselskap) is a Norway-based real estate company. The company
engages in the acquisition, development, and rental of the real estate properties. It is focused on investing in real estate
properties located around the Norwegian capital, and central business districts. The company owns more than 110
centrally located business properties and 79% of the rental income comes from supermarkets. Olav Thon
Eiendomsselskap is part of the Olav Thon Group. The company operates its business under two segments, namely, the
Real Estate and Hotel Operation. It operates its business in Norway, mainly in the centrally located business properties.
The company is headquartered in Oslo, Norway.


Financial Performance

The company reported revenue of NOK 2,273 million during the fiscal year ended December 2009. The company's
revenue grew at a CAGR of 6.45% during the period 2007-2009 with a year on year growth of 1.94% over fiscal year
2008. During the fiscal year 2009, its operating margin was 62.69% as against an operating margin of 59.86% in fiscal
year 2008. During the fiscal year 2009, the company registered a net margin of 24.33% as against a net margin of -5.63%
in the fiscal year 2008.




Olav Thon Eiendomsselskap ASA - Key Facts

Olav Thon Eiendomsselskap ASA, Key Facts

                                  Stenersgata 2, Oslo, , 0105,
                                                                    Ticker Symbol, Stock
Corporate Address:                Norway
                                                                                               OLT (Oslo Stock Exchange)
                                                                    Exchange



Telephone                          + 47 230 80000                   No. of Employees           272



Fax                                + 47 230 80100                   Financial Year End         December



URL                               www.olt.no                        Revenue (in NOK Million)   2,273.00



Industry                          Construction                      Revenue (in USD Million)   360.79



Locations                         Norway

Source: Annual Report, Company Website, Primary and Secondary Research




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Olav Thon Eiendomsselskap ASA

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Olav Thon Eiendomsselskap ASA - Major Products and Services

Olav Thon Eiendomsselskap ASA is engaged in the real estate business in Norway. Key services offered by the company
include the following:

Olav Thon Eiendomsselskap ASA, Major Products and Services
Services:

Owning and Renting Properties

Hotel Operation

Restaurant Operation
Source: Annual Report, Company Website, Primary and Secondary Research




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Olav Thon Eiendomsselskap ASA

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Olav Thon Eiendomsselskap ASA - Key Competitors

The following companies are the major competitors of Olav Thon Eiendomsselskap ASA:

Delo Prodaja d.d.

Douglas Holding AG

Dufry AG

Norwegian Property As

E-Star Property




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Olav Thon Eiendomsselskap ASA

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Olav Thon Eiendomsselskap ASA - Key Employees


Olav Thon Eiendomsselskap ASA, Key Employees


          Name                             Job Title                      Board Level     Since   Age


Dag Tangevald-Jensen       Chief Executive Officer                  Senior Management     2000    50


Kristian Leer-Salvesen     Director                                 Non Executive Board   2003    58


Kristin Normann            Director                                 Non Executive Board   2007    56


Olav Thon                  Chairman                                 Executive Board       1982    87


Signe Moland               Director                                 Non Executive Board   2005    76


Sissel Berdal Haga         Director, Director                       Non Executive Board


Stig O. Jacobsen           Director                                 Non Executive Board   2005    55

Source: Annual Report, Company Website, Primary and Secondary Research




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Olav Thon Eiendomsselskap ASA

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Olav Thon Eiendomsselskap ASA - Locations and Subsidiaries

Head Office

Olav Thon Eiendomsselskap ASA
Stenersgata 2
Oslo
Zip: 0105
Norway
Tel: + 47 230 80000
Fax: + 47 230 80100



Other Locations & Subsidiaries

Olav Thon Eiendomsselskap ASA, Subsidiaries

Vestkanten AS
Loddefjord
Norway


Source: Annual Report, Company Website, Primary and Secondary Research




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Olav Thon Eiendomsselskap ASA

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Olav Thon Eiendomsselskap ASA - Financial Ratios

Financial Ratios - Annual Ratios
Olav Thon Eiendomsselskap ASA, Annual Ratios

                Key Ratios                    Unit/Currency               2010         2009         2008         2007         2006
Equity Ratios
EPS (Earnings per Share)                            NOK                    123.82        52.13        -11.89      178.63         116
Dividend per Share                                  NOK                          10            8                         8            8
Dividend Cover                                    Absolute                  12.38         6.52                     22.33         14.5
Book Value per Share                                NOK                    888.81       772.09       692.58       729.88       555.44
Cash Value per Share                                NOK                     56.09        52.74        20.44        47.87        38.66
Profitability Ratios
Gross Margin                                         %                      65.92        71.02        68.67        64.58        64.73
Operating Margin                                     %                      56.93        61.72        60.27       157.02       105.14
Net Profit Margin                                    %                      49.79        25.05         -5.64       90.55        64.86
PBT Margin (Profit Before Tax)                       %                        71.7       35.58        -14.86      145.05       100.84
Return on Equity                                     %                      13.93         6.75         -1.72       24.47        20.88
Return on Capital Employed                           %                        5.46        5.52         
				
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