Veidekke — Fund Information / Factsheet 2015

Oct 26, 2015

Fact sheet: Tore Løkke AS

• Tore Løkke AS is a nationwide machinery contractor. The company has 78 experienced, capable employees and a large, modern fleet of machinery. Tore Løkke is General Manager.
• Annual turnover in 2014 came to NOK 200 million.
• The company undertakes projects within the fields of infrastructure, including water and sewage, groundwork and outdoor work for industry and building sites, building/rehabilitation/upgrade of airports and building and rehabilitation of dams and power stations.
• The company has central approval for enterprise classification 3 for its specialized fields.
• Tore Løkke AS is currently wholly owned by Tore Løkke Holding AS, which is owned by Tore Løkke.
• Business idea: We carry out quality work delivered on time and at the right price.
• History: The company was established by Tore Løkke in 1967 and became a separate limited liability company in 1982. Tore Løkke has been general manager and chairman for the entire period.
• Key figures (in NOK millions):

	At
	31/08/2015	2014	2013	2012	2011	2010
Operating revenue	88	200	170	178	103	115
Operating profit	8	18	16	9	5	5
Profit before tax	9	20	17	10	7	2
EBT %	9.0%	9.8 %	9.7%	5.7 %	6.6 %	1.9 %

As at 31 December 2014, the company had assets of NOK 102 million, equity of NOK 56 million and a low debt-equity ratio.

For more information, see www.lokke.com