“I am pleased to report significant momentum in our growth in the first months of 2014. This adds to the major accomplishments of our organization in 2013,” said Hilde Britt Mellbye, CEO of Norlandia Care Group AS. Group revenue increased to 1,417 MNOK (million Norwegian Kroner) in 2013 from 1,245 MNOK in 2012. Pre-tax profits for the Group in 2013 were 64 MNOK, with an EBITDA of 100 MNOK. Profits from operations, adjusted for other operating income, were at the same level as in 2012. The sale of real estate associated with preschool operations during 2012 and 2013 has increased external rent costs and decreased operation margins at the preschool division. Correspondingly, the sale has reduced external loans and finance expenses. At the close of 2013, the company had slightly more than 3,000 employees. Today, the company has a total of over 3,500 employees.
The group has annualized revenues of 1,900 MNOK based on its current business operations and known revenue streams from operations soon to commence. 2014 margins are expected to be at 2013 levels.
The following were the most important events of 2013:
Some exciting events have already transpired in the early months of 2014:
The company continues to be controlled by its founders from Northern Norway: Hospitality Invest AS (Kristian Adolfsen, Roger Adolfsen), Benn Eidissen and Even Carlsen each control 64, 18, and 18 percent, respectively.
Media contact: Hilde Britt Mellbye, CEO, +47 997 16 617