FARA ASA avholdt ordinær generalforsamling den 11. april 2013 i selskapets lokaler i O.H. Bangs vei 70, 1363 Høvik.

Her er protokollen: FARA Protokoll Ordinær Generalforsamling 11.04.2013

Results for FARA ASA 4th Quarter 2012

HIGHLIGHTS:

• EBITDA YTD of MNOK 16,1 (11,3 YTD 2011)

• EBITDA of MNOK 12,4 in Q4 (22,9 in Q4 2011)

• Revenue of MNOK 50,9 in Q4 (78,6 in Q4 2011)

• Revenue YTD of MNOK 145,9 (162,5 YTD 2011)

• Gross margin year to date (YTD) 80 % (66 % YTD 2011)

• Net order inflow YTD of MNOK 233 (180 YTD 2011) 

• Order backlog at MNOK 189 (102 at Q4 2011)

• FARA re-organize to prepare for growth outside Nordics

• FARA ASA will be delisted from Oslo Stock Exchange

Download report and presentation here: 
FARA 4Q-12 Report - FARA 4Q-12 Presentasjon 

The shares in FARA ASA will be delisted from Oslo Børs. Last day of listing will be Friday 1 March 2013.

FARA ASA has in letter dated 9 November 2012 pursuant to Continuing Obligations section 15.1 (4) cf. Stock Exchange Act section 25 (1), applied for delisting of the company’s shares from Oslo Børs.

Oslo Børs has on 18 December 2012 made the following resolution:

”The shares in FARA ASA will be delisted from Oslo Børs. Last day of listing will be 1 March 2013

Oslo Børs has considered how the interests of the company’s minority shareholders is maintained in connection with delisting of the company’s shares from Oslo Børs, including that the minority shareholders are not given an option of exit or withdrawal prior to delisting. Despite that no offer has been made to the shareholders, Oslo Børs has following an overall assessment in this particular matter still concluded that a delisting will not cause substantial disadvantage for the shareholders or the tasks and function of the market. Oslo Børs has particularly emphasized that the opposition against delisting among the minority shareholders at the company’s general meeting was unsubstantial, both in the way of number of shareholders who have voted against the proposed delisting, and the proportional number of shares represented at the company’s general meeting that have voted against delisting. The consideration towards the minority shareholders, however, requires that the date for delisting is put somewhat forward in time.”

FARA ASA and its partners in the Tieto Consortium have been awarded a contract by the Helsinki Regional Transport Authority (HSL) to supply a new integrated IT-solution

FARA ASA, the leading supplier of IT solutions to the public transport sector in the Nordic countries, together with lead partner Tieto Oy, has been invited to sign a contract for the delivery of a new integrated IT-system for managing the public transport in the greater Helsinki area.

“We consider this contract to be a very important step in the development of FARA and we look forward to working with HSL and Tieto to deliver this state of the art IT-system for managing public transport. This is the first contract FARA has won for supplying its solutions to a mid-sized (~1-1,5 million habitants) city and this proves the scalability of our solutions and the competence of our organization”, says Ørjan Kirkefjord, CEO of FARA ASA.

Helsinki Regional Transport Authority (HSL) is responsible for the planning and organization of public transport services in its member municipalities, as well as for the preparation of the Helsinki Region Transport System Plan.

Tieto Oy is the leading IT service company in Northern Europe providing IT and product engineering services. Their highly specialized IT solutions and services complemented by a strong technology platform provide local and global customers tangible business benefits.