Riskpilot← Back to searchSign inGet full accessVARD ELECTRO AS
ASActiveOrg 878634772Tennfjordvegen 113, 6264 TennfjordBuilding of civilian ships and floating structures · NACE 3011Est. 1997398 employeesvard.com
Revenue 2024
NOK 2,6B
+45% vs 2023
EBITDA margin
4.5%
+40% vs 2023
Equity ratio
13.0%
Financial strength
Net profit 2024
NOK 105,1M
-35% vs 2023
| Revenue | NOK 2,6B | +45% |
| EBITDA | NOK 117,9M | +40% |
| Net profit | NOK 105,1M | -35% |
| Total assets | NOK 2,8B | +47% |
| Equity | NOK 365,1M | +4% |
| Employees | 398 | — |
Legal name
VARD ELECTRO AS
Org number
878634772
Legal form
Aksjeselskap
NACE code
3011 · Building of civilian ships and floating structures
Founded
20. mai 1997
Share capital
—
Employees
398 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
To styremedlemmer i fellesskap. Daglig leder eller styrets leder hver for seg.
Company purpose
Elektroinstallasjon og yte konsulenttjenester til industri og næringsliv, samt produksjon av elektroautomasjon og salg av elektromateriell. Selskapet kan også investere i andre selskaper med økonomisk formål.
Address
Tennfjordvegen 113, 6264 Tennfjord
Phone
+4770210600
Email
mail@vard.com
Website
vard.com
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Risika provides regulated workflow tools for finance, procurement and compliance teams that need monitoring, alerts and an API.
| Item | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 762 679 | 1 002 406 | 1 204 507 | 1 335 976 | 1 339 264 | 1 396 696 | 1 707 441 | 1 242 635 | 856 388 | 1 216 793 | 1 378 743 | 1 633 254 | 1 293 245 | 1 612 191 | 1 800 087 | 1 806 933 | 2 617 257 |
| Staff expenses | −98 476 | −100 716 | −135 290 | −155 251 | −191 341 | −216 636 | −233 068 | −218 919 | −198 686 | −199 426 | −216 341 | −265 048 | −237 474 | −273 743 | −291 918 | −295 795 | −0 |
| EBITDA | −40 381 | 111 080 | 216 111 | 395 046 | 226 541 | 151 841 | 156 083 | 121 587 | 50 810 | 109 018 | −207 549 | 56 060 | 80 939 | 102 844 | 131 414 | 84 034 | 117 921 |
| Depreciation & amort. | −754 | −1 087 | −2 208 | −2 081 | −2 379 | −2 420 | −2 661 | −3 236 | −4 737 | −7 184 | −10 095 | −8 418 | −9 248 | −9 487 | −9 374 | −9 465 | −13 759 |
| EBIT | −41 135 | 109 992 | 213 903 | 392 965 | 224 162 | 149 422 | 153 422 | 118 351 | 46 073 | 101 834 | −217 644 | 47 642 | 71 691 | 93 357 | 122 040 | 74 569 | 104 162 |
| Net financials | −86 | −2 907 | 12 441 | 13 985 | 18 900 | 33 805 | 25 136 | 16 069 | 4 525 | −32 738 | 137 611 | −27 693 | −975 | −18 079 | −5 727 | 103 890 | 30 612 |
| Profit before tax | −41 221 | 107 085 | 226 344 | 406 950 | 243 062 | 183 227 | 178 558 | 134 420 | 50 598 | 69 096 | −80 033 | 19 949 | 70 716 | 75 279 | 116 313 | 178 458 | 134 773 |
| Tax | −11 499 | 29 984 | 62 173 | 114 062 | 68 316 | 50 367 | 48 269 | 31 715 | 11 606 | 24 323 | −37 565 | 10 461 | 17 552 | 30 427 | 25 683 | 16 303 | −0 |
| Net profit | −29 722 | 77 101 | 164 171 | 292 887 | 174 745 | 132 860 | 130 289 | 102 705 | 38 992 | 44 773 | −42 467 | 9 488 | 53 165 | 44 851 | 90 629 | 162 155 | 105 089 |
| Item | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | 523 515 | 569 528 | 693 039 | 1 138 860 | 982 040 | 992 517 | 1 175 231 | 908 273 | 858 871 | 1 165 080 | 1 394 522 | 1 464 393 | 1 408 745 | 1 517 977 | 1 549 396 | 1 909 346 | 2 809 520 |
| Equity | 19 607 | 96 709 | 208 699 | 464 434 | 191 666 | 194 519 | 197 300 | 206 943 | 125 934 | 171 922 | 30 455 | 39 943 | 93 107 | 137 959 | 118 588 | 352 473 | 365 130 |
| Long-term debt | 0 | 17 073 | 28 057 | 16 483 | 0 | 23 369 | 39 264 | 81 169 | 83 075 | 79 366 | 48 917 | 45 003 | 57 709 | 46 690 | 72 374 | 16 946 | 24 791 |
| Short-term debt | 503 176 | 454 800 | 454 154 | 655 815 | 788 245 | 774 288 | 938 591 | 620 161 | 649 861 | 913 791 | 1 315 150 | 1 379 447 | 1 257 929 | 1 333 328 | 1 358 435 | 1 539 927 | 2 419 599 |
| Total debt | 503 176 | 471 873 | 482 212 | 672 297 | 788 245 | 797 657 | 977 855 | 701 331 | 732 937 | 993 158 | 1 364 067 | 1 424 450 | 1 315 638 | 1 380 018 | 1 430 808 | 1 556 873 | 2 444 390 |
EBITDA margin
4.5%
This company
15.8%
Market median
-72% vs market
20082024
Equity ratio
13.0%
This company
38.2%
Market median
-66% vs market
20082024
Return on equity
28.8%
This company
18.4%
Market median
+57% vs market
20082024
Net profit margin
4.0%
This company
8.1%
Market median
-51% vs market
20082024
Asset turnover
0.93×
This company
1.12×
Market median
+17% vs market
20082024
Debt / equity
6.69×
This company
0.62×
Market median
-979% vs market
20082024
- Annual report 2024Filed via Brønnøysundsregistrene · Period 2024-01-01 – 2024-12-31
- Annual report 2023Filed via Brønnøysundsregistrene · Period 2023-01-01 – 2023-12-31
- Annual report 2022Filed via Brønnøysundsregistrene · Period 2022-01-01 – 2022-12-31
- Annual report 2021Filed via Brønnøysundsregistrene · Period 2021-01-01 – 2021-12-31
- Annual report 2020Filed via Brønnøysundsregistrene · Period 2020-01-01 – 2020-12-31
- Annual report 2019Filed via Brønnøysundsregistrene · Period 2019-01-01 – 2019-12-31
- Annual report 2018Filed via Brønnøysundsregistrene · Period 2018-01-01 – 2018-12-31
- Annual report 2017Filed via Brønnøysundsregistrene · Period 2017-01-01 – 2017-12-31
- Annual report 2016Filed via Brønnøysundsregistrene · Period 2016-01-01 – 2016-12-31
- Annual report 2015Filed via Brønnøysundsregistrene · Period 2015-01-01 – 2015-12-31
- Annual report 2014Filed via Brønnøysundsregistrene · Period 2014-01-01 – 2014-12-31
- Annual report 2013Filed via Brønnøysundsregistrene · Period 2013-01-01 – 2013-12-31
- Annual report 2012Filed via Brønnøysundsregistrene · Period 2012-01-01 – 2012-12-31
- Annual report 2011Filed via Brønnøysundsregistrene · Period 2011-01-01 – 2011-12-31
- Annual report 2010Filed via Brønnøysundsregistrene · Period 2010-01-01 – 2010-12-31
- Annual report 2009Filed via Brønnøysundsregistrene · Period 2009-01-01 – 2009-12-31
- Annual report 2008Filed via Brønnøysundsregistrene · Period 2008-01-01 – 2008-12-31
| Name | Role | Member since | Age | Other directorships |
|---|---|---|---|---|
AV Deputy Member | Deputy Member | 2025 | — | — |
CJ Deputy Member | Deputy Member | 2025 | — | — |
SG Deputy Member | Deputy Member | 2021 | — | — |
TS Deputy Member | Deputy Member | 2025 | — | — |
GT Deputy Member | Deputy Member | 2023 | — | — |
JA Deputy Member | Deputy Member | 2023 | — | — |
MS Deputy Member | Deputy Member | 2023 | — | — |
TF Deputy Member | Deputy Member | 2025 | — | — |
AS Deputy Member | Deputy Member | 2025 | — | — |
HT Chief Executive Officer | Chief Executive Officer | 2025 | — | — |
TA Deputy Member | Deputy Member | 2025 | — | — |
PH Deputy Member | Deputy Member | 2021 | — | — |
| Name | Role | Member since | Age | Other directorships |
|---|---|---|---|---|
| Board of Directors | 2023 | — | — | |
| Board of Directors | 2024 | — | — | |
| Board of Directors | 2023 | — | — | |
| Board of Directors | 2025 | — | — | |
| Board of Directors | 2023 | — | — | |
| Chairman | 2023 | — | — | |
| Board of Directors | 2023 | — | — | |
| Board of Directors | 2023 | — | — | |
| Board of Directors | 2025 | — | — | |
| Board of Directors | 2025 | — | — | |
| Board of Directors | 2025 | — | — | |
| Board of Directors | 2025 | — | — | |
| Board of Directors | 2023 | — | — | |
| Board of Directors | 2025 | — | — | |
| Board of Directors | 2022 | — | — |
| Shareholder | Type | Ownership | Votes | Since |
|---|---|---|---|---|
Vard Group As | Company | 100.0% | 100.0% | 2024 |
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Vard Group As
VARD ELECTRO AS Board members of VARD ELECTRO AS also hold positions in 0 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Anne-Beate Våge Reite | Deputy Member | 0 companies |
| Camilla Johansen | Deputy Member | 0 companies |
| Sandra Gerd Kerek | Deputy Member | 0 companies |
| Tommy Sønderland | Deputy Member | 0 companies |
| Gjermund Tomta | Deputy Member | 0 companies |
| Jens André Øster Brandal | Deputy Member | 0 companies |
| Mandy Sabine Spranger | Deputy Member | 0 companies |
| Tore Fossum | Deputy Member | 0 companies |
| Annette Sjursen Simonsen | Deputy Member | 0 companies |
| Hans Tore Jenssen | Chief Executive Officer | 0 companies |
| Tor Atle Kjerstad Grønli | Deputy Member | 0 companies |
| Per-Kjetil Hildremyr | Deputy Member | 0 companies |
| Geir Ove Grønli | Board of Directors | 0 companies |
| Vigdis Bryne | Board of Directors | 0 companies |
| Piero Grillo | Board of Directors | 0 companies |
| Bernt Ove Sunde | Board of Directors | 0 companies |
| Giovanni Peditto | Board of Directors | 0 companies |
| Andrea Qualizza | Chairman | 0 companies |
| Toralf Vik | Board of Directors | 0 companies |
| Ronny Opsjøn Langset | Board of Directors | 0 companies |
| Cathrine Kristiseter Marti | Board of Directors | 0 companies |
| Carlotta Dainese | Board of Directors | 0 companies |
| Virginia Felix Da Silva | Board of Directors | 0 companies |
| Birgit Renate Bjørge Aarseth | Board of Directors | 0 companies |
| Linda Flem Stavik | Board of Directors | 0 companies |
| Odd Egil Holta | Board of Directors | 0 companies |
| Audun Alvestad | Board of Directors | 0 companies |