Rune Sollie - Norske Skog Chief Financial Officer

NSKOG Stock  NOK 21.12  0.08  0.38%   

CFO

Rune Sollie is Chief Financial Officer of Norske Skog Asa
Age 57
Phone47 22 51 20 20
Webhttps://www.norskeskog.com

Norske Skog Management Efficiency

The company has return on total asset (ROA) of 0.1172 % which means that it generated a profit of $0.1172 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.5001 %, meaning that it generated $0.5001 on every $100 dollars invested by stockholders. Norske Skog's management efficiency ratios could be used to measure how well Norske Skog manages its routine affairs as well as how well it operates its assets and liabilities.
Norske Skog Asa has accumulated 2.36 B in total debt with debt to equity ratio (D/E) of 0.63, which is about average as compared to similar companies. Norske Skog Asa has a current ratio of 2.07, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist Norske Skog until it has trouble settling it off, either with new capital or with free cash flow. So, Norske Skog's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Norske Skog Asa sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Norske to invest in growth at high rates of return. When we think about Norske Skog's use of debt, we should always consider it together with cash and equity.

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Found 1 records

CFO Age

Birgitte JohansenReach Subsea
N/A
Norske Skog ASA produces and sells newsprint and magazine paper primarily in Europe and Australasia. The company was founded in 1962 and is headquartered in Oslo, Norway. NORSKE SKOG is traded on Oslo Stock Exchange in Norway. Norske Skog Asa (NSKOG) is traded on Oslo Stock Exchange in Norway and employs 2,100 people.

Management Performance

Norske Skog Asa Leadership Team

Elected by the shareholders, the Norske Skog's board of directors comprises two types of representatives: Norske Skog inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Norske. The board's role is to monitor Norske Skog's management team and ensure that shareholders' interests are well served. Norske Skog's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Norske Skog's outside directors are responsible for providing unbiased perspectives on the board's policies.
Carsten Dybevig, VP Affairs
Idunn Finnanger, Director
Arvid Grundekjon, Director
Svein Veie, Director
JenYue Chiang, Chairperson of the Board
Even Lund, Investor Mang
Robert Wood, Senior Vice President - Commercial
Anneli Nesteng, Director
Hugo Harstad, MD CEBICO
Sven Ombudstvedt, President, Chief Executive Officer
Rune Sollie, Chief Financial Officer
Yves Bailly, Managing Golbey
Amund Saxrud, Chief Operating Officer
Paul Kristiansen, Director
Lars Sperre, Senior Vice President - Corporate Strategy
TrineMarie Hagen, Director
Tore Hansesaetre, Senior Vice President - Strategic Projects

Norske Stock Performance Indicators

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Other Information on Investing in Norske Stock

Norske Skog financial ratios help investors to determine whether Norske Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Norske with respect to the benefits of owning Norske Skog security.