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Pipelife Norge AS - Detailed information
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Pipelife Norge AS

Contact
VAT number:980 457 575
Company:Pipelife Norge AS
NO-6650 Surnadal
County:Møre og Romsdal
Telephone:+47 71658800
Fax:+47 71658801
E-mail:firmapost@pipelife.no
Website:www.pipelife.no
Contact persons
Chairman of the board:Guillaume Bucco
Managing Director/CEO:Kjell J Larsen
Finances:Jøran Selander
Marketing:Torbjørn Sæther
Purchasing Director:Nils Inge Aasgård
IT:Stein Olav Gravem
Technology:Hans Mogstad (tech. manager)
Personnel:Geir Vaardal
Sales:Ole Bævre
Production:Bård Smehagen (Surnadal) Arve Ertzås (Stathelle)
Business information
Established:1969
Subsidiary company to:Pipelife Nordic AB
Stock-exchange listing:Not listed

B25 Manufacture of rubber and plastic products
- 25210 Manufacture of plastic plates, sheets, tubes and profiles
Rankings
Rang in Norway (incl. subsidiaries) byRank in the Nordic countries (incl. subsidiaries) by
- Number of employees:1011- Number of employees:5176
- Total assets:1884- Total assets:6844
- Exports:12- Exports:134
- Net turnover:974- Net turnover:3959
- Net profit:744- Net profit:2615
- Foreign sales:21- Foreign sales:282

B25 Manufacture of rubber and plastic products
Rank in industry in Norway byRank in industry in the Nordic countries by
- Number of employees:4- Number of employees:92
- Return on assets
(ROA):		24- Return on assets
(ROA):		168
- Total assets:3- Total assets:67
- Exports:1- Exports:6
- Profitability:29- Profitability:243
- Net turnover:2- Net turnover:46
- Return on equity
(ROE):		9- Return on equity
(ROE):		36
- Net profit:3- Net profit:34
- Solvency:106- Solvency:944
- Foreign sales:1- Foreign sales:10
Closing information (x1000 EUR)
Fiscal year200812 200712 200612
Net turnover 74.124 85.851 69.527
  - exports 20.757 28.0% 18.579 21.6% 10.524 15.1%
Foreign sales 20.757 18.579 10.524
Financial expenses 1.625 1.130 502
Earnings before taxes 7.071 11.426 8.640
Total assets 37.257 42.100 35.370
Current assets 20.002 21.715 16.121
Current liabilities 21.395 30.176 24.376
Equity capital 5.334 6.584 6.894
  - share capital 5.046 6.267 6.047
Employees (average) 178 198 191
  - in Norway 178 100.0% 198 100.0% 191 100.0%
  - abroad 0 0.0% 0 0.0% 0 0.0%
Shareholders 1 1 1
Investments in fixed assets 2.277 2.811 2.264

Closing figures are converted from local currency to euros according to the exchange rate on closing date. Source for the exchange rates: Sveriges Riksbank

The closing information is gathered directly from the companies or from UC (Sweden), Experian (Norway), KOB (Denmark) and Asiakastieto (Finland).

Financial ratios
Fiscal year200812 200712 200612
Solvency 14.3% 15.6% 19.5%
Turnover per employee 416 434 364
Earnings as % of turnover 9.5% 13.3% 12.4%
Return on assets
(ROA)		 23.3% 29.8% 25.8%
Current ratio 93.5% 72.0% 66.1%
Return on equity
(ROE)		 132.6% 173.5% 125.3%