Eltek ASA: Board approves financial statements for 2013 and proposes dividend of NOK 0.50 per share
Thomson Reuters ONE - Tue Mar 25, 9:57AM CDT
On 25 March 2014, the Board of Directors of Eltek ASA approved the financial statements of Eltek ASA for the financial year 2013. No changes have been made to the previously presented preliminary results for 2013.
Eltek ASA: Report fourth quarter 2013
Thomson Reuters ONE - Thu Feb 13, 12:02AM CST
(Drammen, 13 February 2013) Eltek reported revenue of NOK 973 million and an order entry of NOK 938 million in the fourth quarter 2013, both five percent above the fourth quarter last year. Operating profit (EBIT) was NOK 93 million and pre-tax profit NOK 71 million. These results were in line with the fourth quarter 2012, adjusted for one-off restructuring costs of NOK 12 million.
Eltek launches business transformation program
Thomson Reuters ONE - Wed Feb 12, 11:59PM CST
Drammen, 13th of February 2014 - Eltek today announces ONE Eltek - an ambitious strategic improvement program aimed at improved operational efficiency, customer satisfaction and ultimately improved margin.
Eltek ASA: Invitation to presentation of fourth quarter 2013
Thomson Reuters ONE - Wed Feb 05, 4:18AM CST
Drammen, 5 February 2014 - Eltek ASA is scheduled to release its fourth quarter 2013 results on Thursday 13 February. A combined webcast and conference call for investors, analysts and other interested parties will be held the same day at 8:30 CET.
North America Telecom Power System Market Forecast & Opportunities, 2016
M2 - Wed Jan 22, 10:31AM CST
Research and Markets (http://www.researchandmarkets.com/research/wgdwdb/telecom_power) has announced the addition of the "North America Telecom Power System Market Forecast & Opportunities, 2016" report to their offering. The increasing deployment of telecom infrastructure including all IP-based, broadband- and mobile-oriented networks is increasing the requirements of telecom power systems. There are also continuous technological advances and changes in customer requirements. Since the global economic downturn, there has been a steady increase in the emergence of cost-driven manufacturing companies across Asian countries. Several organizations in North America are increasingly outsourcing their manufacturing activities to developing countries such as India and China. This is mainly because of the availability of low-cost labor and a skilled workforce in these countries. In addition, this move helps companies to increase their market presence in new geographies. Thus, the increasing outsourcing of manufacturing activities leads to an increase in investment from both domestic and international vendors. Further, the report states that one of the main challenges is declining profit margins of manufacturers. In the last few years, the market has become increasingly competitive and cost sensitive. Persistent pricing pressure from customers has affected the profits of companies in this market. Moreover, manufacturers have witnessed increasing cost of raw materials on one hand and higher inflation on the other. The key vendors dominating this market space are: - Delta Electronics Inc. - Eaton Corp - Eltek ASA - Emerson Network Power - General Electric Co. Other vendors mentioned in the report are: - APC Corp. - Argus Power System - C&D Technologies Inc. - Cherokee Power Supplies (Pioneer Magnetics) - Chloride power Systems and Solutions - Magnetek Inc. - Power One Inc. Key Topics Covered: 01. Executive Summary 02. Scope of the Report 03. Market Research Methodology 04. List of Abbreviations 05. Introduction 06. Market Landscape 07. Market Segmentation 08. Buying Criteria 09. Market Growth Drivers 10. Drivers and their Impact 11. Market Challenges 12. Impact of Drivers and Challenges 13. Market Trends 14. Trends and their Impact 15. Vendor Landscape 16. Key Vendor Analysis For more information visit http://www.researchandmarkets.com/research/wg...ecom_power
Eltek announces renewal of contract with key customer in North America
Thomson Reuters ONE - Tue Jan 21, 2:10AM CST
Drammen, January 21th, 2014. Eltek today announced that it has renewed a frame agreement for deliveries of power systems to a key customer in North America.
Top stories of China bond market-Jan. 9, 2013
Xinhua Economic News - Wed Jan 08, 8:19PM CST
Top stories of China bond market on Jan. 9 as follows:
Global Telecom Power Systems Market 2012-2016: 5 Key Vendors Covered
M2 - Mon Jan 06, 11:49AM CST
Research and Markets (http://www.researchandmarkets.com/research/n48cvt/global_telecom) has announced the addition of the "Global Telecom Power Systems Market 2012-2016" report to their offering. The analysts forecast the Global Telecom Power System market to grow at a CAGR of 4.21 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing deployment of telecom network infrastructures. The Global Telecom Power System market has also been witnessing the increase in ultra-high capacity optical networks. However, the declining profit margins of manufacturers could pose a challenge to the growth of this market. The key vendors dominating this market space are Delta Electronics Inc., Eaton Corp., Eltek ASA, Emerson Network Power, and General Electric Co. Other vendors mentioned in the report are APC Corp., Argus Power System, C&D Technologies Inc., Cherokee Power Supplies (Pioneer Magnetics), Chloride power Systems and Solutions, Magnetek Inc., Power One Inc., and Shindengen Electric Manufacturing Co. Ltd. Commenting on the report, an analyst from the team said: The Telecom industry across the globe is witnessing increasing adoption ultra-high-capacity optical networks. Service providers have already invested heavily in 10G optical transmissions, and the market is witnessing a shift toward 40G and 100G optical transmission. Also, several network equipment giants such as Alcatel-Lucent, Ciena Corp., and Huawei Technologies Co. Ltd. have plans to conduct trials for 400G optical transmission in the coming years. This would be highly beneficial to manage the explosion of data traffic and would lead to the increased adoption of telecom power systems. According to the report, among the numerous growth drivers of the Global Telecom Power System market, increasing deployment of a telecom network infrastructure is the major growth driver. Increasing deployment of telecom infrastructure including all IP-based,and broadband- and mobile-oriented networks is increasing the requirement of telecom power systems. There are also continuous technological advances and changes in customer requirements. For more information visit http://www.researchandmarkets.com/research/n4...al_telecom About Research and Markets Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Eltek launches DC/DC converter designed for data center applications with an efficiency of 98.2%
Thomson Reuters ONE - Fri Dec 20, 2:29AM CST
DRAMMEN, NORWAY, 20 December 2013 - Eltek today announced a DC/DC converter designed for 380VDC input and 48VDC output.
Eltek ASA: Small Pre Christmas Event 12 December 2013
Thomson Reuters ONE - Thu Dec 12, 8:05AM CST
As previously announced, Eltek ASA is today holding a Small Pre Christmas Event in Oslo.
Eltek ASA: Eltek reorganizes its renewable business
Thomson Reuters ONE - Thu Dec 12, 1:52AM CST
Drammen, 12 December 2013 - Eltek has decided to reorganize the renewable segment, as a part of its ongoing cultivation of the core business areas. Write-downs of inventory, capitalized R&D and provisions for future obligations will impact the Income Statement for the fourth quarter negatively by approximately NOK 100 million.
Telecom Power System Market in North America 2012-2016: Organizations Increasingly Outsourcing Their Manufacturing Activities to Developing Countries
M2 - Mon Nov 04, 12:25PM CST
Research and Markets (http://www.researchandmarkets.com/research/6p5wd6/telecom_power) has announced the addition of the "Telecom Power System Market in North America 2012-2016" report to their offering. The analysts forecast the Telecom Power System market in North America to grow at a CAGR of 3.23 percent over the period 2012-2016. One of the key factors contributing to this market growth is the growing telecom network infrastructure. The Telecom Power System market in North America has also been witnessing the increasing outsourcing of manufacturing activities. However, the declining profit margins of manufacturers could pose a challenge to the growth of this market. The key vendors dominating this market space are Delta Electronics Inc., Eaton Corp., Eltek ASA, Emerson Network Power, and General Electric Co. Other vendors mentioned in the report are APC Corp., Argus Power System, C&D Technologies Inc., Cherokee Power Supplies (Pioneer Magnetics), Chloride power Systems and Solutions, Magnetek Inc., and Power One Inc. Commenting on the report, an analyst from the team said: Since the global economic downturn, there has been a steady increase in the emergence of cost-driven manufacturing companies across Asian countries. Several organizations in North America are increasingly outsourcing their manufacturing activities to developing countries such as India and China. This is mainly because of the availability of low-cost labor and a skilled workforce in these countries. In addition, this move helps companies to increase their market presence in new geographies. Thus, the increasing outsourcing of manufacturing activities leads to an increase in investment from both domestic and international vendors. According to the report, the increasing deployment of telecom infrastructure including all IP-based, broadband- and mobile-oriented networks is increasing the requirements of telecom power systems. There are also continuous technological advances and changes in customer requirements. For more information visit http://www.researchandmarkets.com/research/6p...ecom_power About Research and Markets Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Eltek ASA: Presentation of third quarter 2013
Thomson Reuters ONE - Fri Oct 25, 12:02AM CDT
The presentation of third quarter 2013 is attached hereto.
Eltek ASA Report third quarter 2013
Thomson Reuters ONE - Fri Oct 25, 12:01AM CDT
(Drammen, 25 October 2013) Eltek reported revenue of NOK 1,012 million and an order entry of NOK 982 million in the third quarter 2013, representing increases of 20 percent and six percent over the third quarter last year. Gross margin increased to 29.3 percent (28.5), and operating result (EBIT) before one-off costs increased by 86 percent to NOK 114 million. Including one-off costs the EBIT was NOK 89 million. Profit before tax increased 76 percent to NOK 68 million, and net profit was NOK 53 million in the third quarter.
Eltek ASA: Invitation to presentation of third quarter 2013
Thomson Reuters ONE - Thu Oct 17, 7:30AM CDT
Drammen, 17 October 2013 - Eltek ASA is scheduled to release its third quarter 2013 results on Friday 25 October. A combined webcast and conference call for investors, analysts and other interested parties will be held the same day at 8:30 CEST.
Research and Markets: Global Telecom Power Systems Market Report 2012-2016 with Delta Electronics, Eaton, Eltek ASA, Emerson & GE Dominating
Business Wire - Mon Oct 14, 1:03PM CDT
Research and Markets (http://www.researchandmarkets.com/research/6dbxz5/global_telecom) has announced the addition of the "Global Telecom Power Systems Market 2012-2016" report to their offering.
Global Telecom Power Systems Market Report 2012-2016 with Delta Electronics, Eaton, Eltek ASA, Emerson & GE Dominating
M2 - Mon Oct 14, 10:50AM CDT
Research and Markets (http://www.researchandmarkets.com/research/43wv8w/global_telecom) has announced the addition of the "Global Telecom Power Systems Market 2012-2016" report to their offering. Global Telecom Power System market to grow at a CAGR of 4.21 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing deployment of telecom network infrastructures. The Global Telecom Power System market has also been witnessing the increase in ultra-high capacity optical networks. However, the declining profit margins of manufacturers could pose a challenge to the growth of this market. According to the report, among the numerous growth drivers of the Global Telecom Power System market, increasing deployment of a telecom network infrastructure is the major growth driver. Increasing deployment of telecom infrastructure including all IP-based,and broadband- and mobile-oriented networks is increasing the requirement of telecom power systems. There are also continuous technological advances and changes in customer requirements. The key vendors dominating this market space are: - Delta Electronics Inc. - Eaton Corp. - Eltek ASA - Emerson Network Power - General Electric Co. Other vendors mentioned in the report are: - APC Corp. - Argus Power System - C&D Technologies Inc. - Cherokee Power Supplies (Pioneer Magnetics) - Chloride power Systems and Solutions - Magnetek Inc. - Power One Inc. - Shindengen Electric Manufacturing Co. Ltd. Key Topics Covered: 01. Executive Summary 02. Scope of the Report 03. Market Research Methodology 04. List of Abbreviations 05. Introduction 06. Market Landscape 07. Market Segmentation 08. Geographical Segmentation 09. Buying Criteria 10. Market Growth Drivers 11. Drivers and their Impact 12. Market Challenges 13. Impact of Drivers and Challenges 14. Market Trends 15. Trends and their Impact 16. Vendor Landscape 17. Key Vendor Analysis For more information visit http://www.researchandmarkets.com/research/43...al_telecom
Eltek ASA: Eltek signs major data center contract
Thomson Reuters ONE - Thu Sep 12, 3:06AM CDT
Drammen, 12 September 2013: Eltek today announces a major contract for data centers in the Pacific region. The contract will generate revenues of NOK 16 million for the first of three phases.
Eltek ASA: Tax assessment for 2010 and 2011
Thomson Reuters ONE - Mon Aug 26, 9:01AM CDT
Eltek ASA has received a notification from the tax authorities that they are considering changing the tax assessment for 2010 and 2011 related to loss on intercompany receivables. The implication of the proposed changes will be a reduction of tax loss carried forward of approximately NOK 460 mill and a corresponding negative impact on capitalized deferred tax assets and equity of approximately NOK 130 mill. Eltek ASA disputes the tax authorities preliminary evaluation.