Jorgen Porsmyr - Veidekke ASA President

VEI Stock  NOK 118.00  0.80  0.68%   

President

Mr. Jorgen Wiese Porsmyr has served as Executive Vice President Industrial, Property Development Denmark at Veidekke ASA since September 1, 2013. He has previously been Executive Vice President and Manager of Veidekke Industri and Veidekke Eiendom since April 15, 2013. He is no longer Chief Financial Officer of the Company, effective as of September 1, 2013. He joined Veidekke in 1995 and has held such positions as Controller, Construction Operations, Norway Chief Accountant, Industry Division, and Director, Corporationrationrate Accounts . He was Executive Vice President of the Company since 2006 since 2013.
Age 45
Tenure 11 years
Phone47 21 05 50 00
Webhttps://veidekke.com
Wiese Porsmyr has obtained Master’s degree in Business and Economics from Norges Handelshoyskole, Bergen NHH and from Hochschule St. Gallen.

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.
The company 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.
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.
Lars Skaare, Director, Employee Representative
Hans Srlie, Ex Norway
Ann Gjerdseth, Director
Odd Olsen, Director, Employee Representative
Kristina Andreasson, Ex Branding
Per Dyb, Deputy Chairman of the Board
Terje Larsen, CFO and Executive VP
Daniel Siraj, Director
Arve Fludal, Director, Employee Representative
Anne Thorbjornsen, Executive Vice President for Human Resources and OHS
Jimmy Bengtsson, Executive Vice President Managing Director of Combined Operations in Sweden
Dag Andresen, Executive VP and Managing Director of Veidekke Entreprenør AS
Mats Nystrm, Ex Sweden
Ingolv Hoyland, Director
Arne Giske, CEO and Pres
Martin Maeland, Chairman of the Board of Directors
AnnChristin Andersen, Director
Tone Bachke, Director
Jorgen Porsmyr, Executive Vice President Managing Director of Veidekke Industri AS and Veidekke Eiendom AS
Inge Ramsdal, Director, Employee Representative
Lars Lund, Executive Vice President Communications and Public Affairs
Hans Sorlie, Executive Vice President Building Construction Norway
Charlotta Nilsen, Ex Sweden
Oivind Larsen, Executive Vice President Civil Engineering Norway
Hege Dillner, Executive VP
Annika Billstrom, Director
Svein Brandtzaeg, Chairman of the Board
Anne Thorbjrnsen, Ex Safety
Jrgen Porsmyr, Ex CFO
Jorgen Michelet, Senior Vice President Finance
Gro Bakstad, Director
Ingalill Berglund, Director
Hans Uthmann, Director

Veidekke Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Veidekke ASA a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Veidekke ASA in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Veidekke ASA's short interest history, or implied volatility extrapolated from Veidekke ASA options trading.

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Please note, there is a significant difference between Veidekke ASA's value and its price as these two are different measures arrived at by different means. Investors typically determine if Veidekke ASA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Veidekke ASA's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.