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Recommendations |
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Last update on
27.08.2010 |
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Price targets (in NOK) |
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Highest |
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Consensus |
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Median |
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Lowest |
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31,00 |
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26,87 |
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26,00 |
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24,00 |
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Earnings Estimates |
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Q3 |
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FY |
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Q3 |
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FY |
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FY |
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(in US$m) |
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2009 |
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2009 |
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2010E |
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2010E |
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2011E |
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Sales |
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Number of estimates |
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7 |
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7 |
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6 |
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-
Highest |
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27,2 |
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105,6 |
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127,1 |
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-
Consensus |
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21,5 |
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85,6 |
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26,3 |
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103,9 |
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122,1 |
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- Median |
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26,1 |
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103,4 |
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120,8 |
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- Lowest |
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25,8 |
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102,5 |
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117,8 |
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. |
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EBITDA |
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Number of estimates |
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7 |
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7 |
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6 |
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-
Highest |
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5,5 |
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19,6 |
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31,2 |
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Consensus |
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2,7 |
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8,3 |
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4,5 |
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16,2 |
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24,2 |
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- Median |
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4,3 |
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15,3 |
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22,7 |
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- Lowest |
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3,9 |
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14,6 |
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19,5 |
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Recurring EBIT |
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Number of estimates |
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7 |
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7 |
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6 |
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Highest |
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3,7 |
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12,6 |
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24,5 |
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Consensus |
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0,6 |
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0,9 |
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3,0 |
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9,7 |
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17,5 |
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- Median |
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2,8 |
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8,6 |
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16,8 |
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- Lowest |
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2,4 |
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8,2 |
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12,8 |
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- Consensus |
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Number of estimates |
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0 |
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0 |
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0 |
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-
Highest |
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0,00 |
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0,00 |
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0,00 |
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-
Consensus |
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- |
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0,00 |
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0,00 |
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0,00 |
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0,00 |
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- Median |
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6,00 |
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7,00 |
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6,00 |
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- Lowest |
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4,60 |
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14,60 |
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28,70 |
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Net profit (loss) before
income taxes (incl. one offs) |
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Number of estimates |
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6 |
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7 |
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6 |
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-
Highest |
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4,6 |
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14,6 |
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28,7 |
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-
Consensus |
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-8,3 |
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-8,2 |
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3,5 |
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9,8 |
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20,1 |
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- Median |
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3,1 |
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8,4 |
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18,6 |
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- Lowest |
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2,7 |
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7,9 |
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15,0 |
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| Net
profit (loss) reported (incl. one offs) |
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Number of estimates |
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7 |
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7 |
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6 |
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-
Highest |
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3,7 |
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11,7 |
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23,7 |
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-
Consensus |
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-8,4 |
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-6,3 |
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2,9 |
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7,7 |
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16,6 |
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- Median |
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2,5 |
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6,6 |
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15,6 |
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- Lowest |
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2,2 |
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6,0 |
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12,6 |
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Number of estimates |
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7 |
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7 |
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6 |
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-
Highest |
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0,06 |
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0,18 |
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0,36 |
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-
Consensus |
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-0,13 |
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-0,10 |
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0,04 |
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0,12 |
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0,25 |
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- Median |
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0,04 |
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0,10 |
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0,24 |
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- Lowest |
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0,03 |
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0,09 |
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0,19 |
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. |
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Number of estimates |
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7 |
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7 |
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6 |
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-
Highest |
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0,06 |
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0,18 |
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0,36 |
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-
Consensus |
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0,01 |
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0,04 |
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0,04 |
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0,12 |
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0,25 |
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- Median |
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0,04 |
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0,10 |
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0,24 |
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- Lowest |
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0,03 |
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0,09 |
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0,19 |
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| This document has been issued by Vara Research GmbH for
information purposes only and is not intended to constitute investment
advice. It is based on estimates and forecasts of various analysts regarding
revenues, earnings and business developments of the relevant company. Such
estimates and forecasts cannot be independently verified by reason of the
subjective character. Vara Research GmbH gives no guarantee, representation
or warranty and is not responsible or liable as to its accuracy and
completeness. |
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| *** |
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