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Bergen Group ASA (BERGEN.OL)

BERGEN.OL on Oslo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Bergen extends contracts with the Defense
Friday, 24 Mar 2017 02:59am EDT 

Bergen Group ASA : One-year extension of framework agreements with Norwegian Defence Logistics Organisation is an option related to original contrast signed in March 2014. . Total value of contract extension is estimated to be 15 million Norwegian crowns-20 million Norwegian crowns ($1.8 million-$2.4 million) .Option year is valid until March 2018.  Full Article

Bergen Group: CEO and CFO appointed in
Wednesday, 8 Mar 2017 02:47am EST 

Bergen Group ASA :CEO Hans Petter Eikeland and CFO Nils Hoff appointed in.  Full Article

Bergen Group Q4 EBIT loss narrows to NOK 3.6 million
Tuesday, 7 Feb 2017 02:09am EST 

Bergen Group ASA : Q4 operating revenue 64.9 million Norwegian crowns ($8 million) versus 47.8 million crowns year ago . End-Q4 order backlog 172 million crowns versus 165 million crowns per Sept 30, 2016 .Q4 EBIT loss 3.6 million crowns versus loss 21.5 million crowns year ago.  Full Article

Bergen Group and AAK Energy Services start strategic cooperation
Friday, 3 Feb 2017 02:00am EST 

Bergen Group ASA : Has entered into strategic cooperation with AAK Energy Services AS .AAK Energy Services specializes in demanding access to vulnerable areas in challenging environments.  Full Article

Bergen Group announces acceptance of refinancing process
Wednesday, 28 Dec 2016 02:33am EST 

Bergen Group ASA : Full acceptance of comprehensive refinancing process . Refinancing package includes 22 million Norwegian crowns ($2.53 million) in new equity via private placement . Refinancing includes total debt reduction in order of 182 million crowns through voluntary reduction of 50 pct of commitments Bergen Group had incurred up until summer 2015 . Subsequent offering is planned for Q1 2017 and concurrent subscription price in private placement . Main elements in refinancing package include fully subscribed private placement, reduction of debt obligations and new loan facility . Brian Chang Holdings limited and AS Flyfisk have also granted Bergen Group loan facility of 20 million crowns on favorable terms . Has initiated process of preparing a repair issue .Subsequent offering will generate gross proceeds of up to 5.3 million crowns.  Full Article

Bergen Group awarded new inspection and survey project
Monday, 5 Dec 2016 02:40am EST 

Bergen Group ASA : Says its unit Bergen Group Services AS has been awarded new inspection and survey project on minesweeper vessel .Project will commence in early Jan. 2017 for estimated period of 12 weeks.  Full Article

Bergen Group Q3 EBITDA turns to profit of NOK 0.4 million
Friday, 18 Nov 2016 02:14am EST 

Bergen Group ASA : Q3 revenue 56.5 million Norwegian crowns ($6.59 million) versus 44.6 million crowns year ago . Q3 EBITDA 350,000 crowns versus loss 10.1 million crows year ago .At the end of Q3 2016 had order backlog of 165 million crowns, compared to 188 million crowns at June 30.  Full Article

Bergen Group Q2 EBITDA up at NOK 4.8 million
Friday, 26 Aug 2016 01:45am EDT 

Bergen Group ASA : Q2 revenue 71.4 million Norwegian crowns ($8.7 million) versus 45.9 million crowns year ago .Q2 EBITDA 4.8 million crowns versus 2.0 million crowns year ago.  Full Article

Bergen Group: Hans Petter Eikeland extends commitment as CEO
Monday, 20 Jun 2016 04:47am EDT 

Bergen Group Asa :Has signed agreement with Hans Petter Eikeland to extend his commitment as CEO until July 1, 2017.  Full Article

Bergen Group Q1 EBITDA at NOK 2.0 million
Thursday, 12 May 2016 02:15am EDT 

Bergen Group ASA : Q1 turnover 53.3 million Norwegian crowns ($6.53 million) versus 360.1 million crowns year ago . Q1 EBITDA 2.0 million crowns versus 11.1 crowns million year ago .Says challenging restructuring process that characterised large parts of previous year has contributed to establishing platform expected to form basis for profitable operations in quarters to come.  Full Article

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