Lars Lund - Veidekke ASA President

VEI Stock  NOK 141.00  0.20  0.14%   

President

Mr. Lars Erik Lund was appointed Executive Vice President, responsible for Communications and Public Affairs at Veidekke ASA, effective as of October 1, 2016. He has more than 20 years of experience with communication work in various organisations. For the past 15 years, he has worked as an adviser to the management of a number of listed companies. He was involved in the establishment of Crux Kommunikasjon, and he has also been an adviser to Veidekke. For the last two years, Lund was employed as a special adviser to the corporate management team of Statoil in the field of financial communication. He has a Masters degree in Business and Economics from the Norwegian School of Economics in Bergen. since 2016.
Age 54
Tenure 8 years
Phone47 21 05 50 00
Webhttps://veidekke.com

Veidekke ASA Management Efficiency

The company has return on total asset (ROA) of 0.0526 % which means that it generated a profit of $0.0526 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.3956 %, meaning that it generated $0.3956 on every $100 dollars invested by stockholders. Veidekke ASA's management efficiency ratios could be used to measure how well Veidekke ASA manages its routine affairs as well as how well it operates its assets and liabilities.
Veidekke ASA has accumulated 762 M in total debt with debt to equity ratio (D/E) of 100.9, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Veidekke ASA has a current ratio of 1.1, suggesting that it may not have the ability to pay its financial obligations in time and when they become due. Debt can assist Veidekke ASA until it has trouble settling it off, either with new capital or with free cash flow. So, Veidekke ASA's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Veidekke ASA sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Veidekke to invest in growth at high rates of return. When we think about Veidekke ASA's use of debt, we should always consider it together with cash and equity.

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Veidekke ASA operates as a construction and property development company in Norway, Sweden, and Denmark. The company was founded in 1936 and is headquartered in Oslo, Norway. Veidekke ASA operates under Construction - Industrial And Diversified classification in Norway and is traded on Oslo Stock Exchange. It employs 8461 people. Veidekke ASA (VEI) is traded on Oslo Stock Exchange in Norway and employs 33 people.

Management Performance

Veidekke ASA Leadership Team

Elected by the shareholders, the Veidekke ASA's board of directors comprises two types of representatives: Veidekke ASA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Veidekke. The board's role is to monitor Veidekke ASA's management team and ensure that shareholders' interests are well served. Veidekke ASA's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Veidekke ASA's outside directors are responsible for providing unbiased perspectives on the board's policies.
Anne Thorbjrnsen, Ex Safety
Jrgen Porsmyr, Ex CFO
Hans Srlie, Ex Norway
Mats Nystrm, Ex Sweden
Lars Lund, Executive Vice President Communications and Public Affairs
Charlotta Nilsen, Ex Sweden
Kristina Andreasson, Ex Branding
Terje Larsen, CFO and Executive VP
Oivind Larsen, Executive Vice President Civil Engineering Norway
Jimmy Bengtsson, Executive Vice President Managing Director of Combined Operations in Sweden

Veidekke Stock Performance Indicators

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Other Information on Investing in Veidekke Stock

Veidekke ASA financial ratios help investors to determine whether Veidekke Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Veidekke with respect to the benefits of owning Veidekke ASA security.