Norcon Plc

• 30/04/12

  Directors Dealing

• 13/04/12

  Final Results

• 15/02/12

  Trading Update

• 09/01/12

  Notifiable Interest

• 24/10/11

  Payment of Final Dividend

• 

  20/09/11

  Norcon: profiting from a strengthening telecoms market

  Ahead of Norcon’s interim results tomorrow, we take a look at the telecoms network services company and what investors will be watching out for from its first half performance

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  10/12/10

  Norcon FY held back by delayed new business - CFO Marne Martin

  It has been a tough day on AIM for Norcon as investors punished the group after it revealed that its ambitious growth expectations would not be fulfilled in the current year. Speaking with Practive Investors, Norcon CFO Marne Martin stressed that the issues relate to delayed new business, meanwhile its core business remains resilient. 

   

• 

  05/10/10

  Norcon: A Growth and Income Story

  Marne Martin of Norcon talks to Proactive about her very ambitious company that is going places. If the group manages to conclude the right deals over the next years, it could be worth US$200 million.

• 

  23/03/10

  Norcon delivers strong full-year results, upbeat about 2010 and beyond

  The communications specialist reported strong revenues and profits and is particularly excited about opportunities presented by the roll-out of 4G networks in Scandinavia.

• 

  09/09/09

  Norcon reports strong interim results, confident for full-year and beyond

  Project management and outsourcing group Norcon PLC (AIM: NCON) said its long-term contracts and high levels of client retention mean it has good visibility for the rest of 2009 as it reported rising revenue and profit in the first half.

• 13/04/12

  Norcon plans strategic expansion to accelerate organic growth, shares rise

• 15/02/12

  Norcon full-year revenues in-line, but bottom line hit by higher-than-expected costs

• 22/12/11

  Norcon seeing continued high demand, sees full-year results in line

• 24/10/11

  Norcon to pay final dividend on Friday this week

• 21/09/11

  Norcon secured important “beachheads” in its first half

•  

  26/04/2011

  Arnold Rørholt, Chief Executive of Norcon plc talks about paying 50% of net profits as dividends

  Arnold Rørholt, Chief Executive of Norcon plc, talks about fifty years of doing the same, paying 50% of net profits as dividends, very high client retention, very competitive in the market place, very strong financial position, continued organic growth, and growing the business in South East Asia.
• 

  03/03/2011

  Norcon One2One Presentation - 3rd March 2011 (PDF)

  Norcon One2One Presentation - 3rd March 2011
•  

  05/05/2010

  Arnold Rørholt, Chief Executive of Norcon plc, talks to Proactive Investors

  Arnold Rørholt, Chief Executive of Norcon plc, talks about multi-national telecom operators and government agencies, engineers embedded in client organisations, new projects in South East Asia and Africa, revenue growth of 16%, maintaining a 10% net margin after tax, and maintaining a dividend of 50% of net profits after tax.

The Company has provided project management services since 1957, in more than 20 countries around the world. Norconsult's projects range from simple studies of limited scope and duration, to a US$233 million contract over several years under which Norconsult was responsible for managing a US$5 billion infrastructure investment.

The technical complexities of the fixed line and mobile telephone systems, together with the associated data and command and control networks, have increased dramatically since Norconsult was formed.

Operators, particularly in emerging countries, regularly use external consultants to assist them install, upgrade and operate their various telephone networks. With approximately 3,000 suitably qualified consultants to draw from, Norconsult regards itself as the market leader in its core markets.

Barriers to entry are high and include access to appropriate qualified and experienced consultants, financial stability and past references from customers.

Visit www.norconsulttelematics.com for more details on specific services, branch offices and areas of expertise.

Operations and Customers:

Norcon has operated predominantly in the Middle East, Far East, Africa, Asia, and the Americas, with some activities in Europe. Recently the focus of Norcon's activities has been in the Middle East, with its core market in Saudi Arabia. 

Norcon's head office is in Limassol, Cyprus, which has a favourable tax regime, and is an accepted base for companies dealing with Middle East clients. Additionally the Group has offices in Saudi Arabia and Abu Dhabi, Norway and other branch offices where projects are located. 

Norcon’s clients include private and publicly traded blue chip companies and governmental institutions.

The Group's principal activity is providing project management and outsourcing services for operators of telecommunications networks including fixed line and mobile telephone systems and data networks, assisting them with the installation, operation or optimisation of telecommunications systems and to countries seeking advice on regulatory matters, defence systems, equipment and command and control facilities.

Norcon offers technical and commercial services for the planning, deployment, expansion and operation of telecommunication and data network infrastructure and IT or defence systems.

The Group also has the experience, capabilities and methods to offer services such as market analysis, business plans, design and engineering, planning, project management, and deployment of infrastructure and systems.

The Group's consultants combine technical and business skills with an extensive international expertise in telecommunications, IT and defence systems. With the fast mobilisation of its consultancy teams and an in-depth understanding of products and services, the Group supports government partners, fixed and mobile network operators, vendors and investors. 

Executive Directors:

Arnold Rørholt - Chief Executive Officer
Experienced lawyer
Joined the Company as non executive Chairman since 1997; CEO since 2000

Gaute Vik – Executive Director
PhD in statistics.
Joined the Company in 1986;
Previous CEO and currently chairman of the operating company

Marne Martin – Chief Financial Officer
MBA with international telecoms and investment management experience
Joined the Company in 2007

Non-executive Directors:

Trond Tostrup - Non-executive Chairman
Experienced merchant banker and current CEO of Sparebanken Oest, Norway
Non exec chairman of Norconsult Holdings since 2001; Director of Teleplan AS since 1989

Jørn Longem – Non-executive Director
MD of Teleplan Holdings AS and the 100 per cent. shareholder of Teleplan AS
Became a director in 1997 and is also the largest shareholder in Norconsult Holdings Limited

“Buzz” West – Non-executive Director
Ex-Reuters Managing Director in the Middle East and Africa. Non-Executive Diector to Syndicate Asset Management plc
Became a director in 2008

Click here for further information

Shareholders as of: 4th May 2011.

Of the above share holding the amount of 67% of the issued share capital of the company is the proportion which is not in public hands.

Click here for further investor information

Updated from Norcon's website on 8th August 2011

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