Riskpilot← Back to searchSign inGet full accessVOLVO NORGE AS
ASActiveOrg 910712799Strømsveien 316, 1081 OsloRepair and maintenance of motor vehicles · NACE 9531Est. 1956353 employees
Revenue 2024
NOK 2,7B
+15% vs 2023
EBITDA margin
9.0%
+33% vs 2023
Equity ratio
12.5%
Financial strength
Net profit 2024
NOK 98,4M
-27% vs 2023
| Revenue | NOK 2,7B | +15% |
| EBITDA | NOK 242,8M | +33% |
| Net profit | NOK 98,4M | -27% |
| Total assets | NOK 1,7B | +0% |
| Equity | NOK 215,9M | +0% |
| Employees | 353 | — |
Legal name
VOLVO NORGE AS
Org number
910712799
Legal form
Aksjeselskap
NACE code
9531 · Repair and maintenance of motor vehicles
Founded
21. april 1956
Share capital
NOK 41 450 281
Employees
353 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
Styrets formann alene eller av to aksjonærvalgte styremedlemmer i forening.
Company purpose
Drive og koordinere volvo-konsernets virksomhet i norge samt forvalte strategiske investeringer i norge. Selskapets virksomhet skal blant annet omfatte import, klargjøring og videresalg av produkter fra volvo-konsernet og produkter som konsernet kjøper fra andre leverandører, alt med tilbehør og reservedeler, samt hva hermed står i forbindelse, som utbygging og drift av service og montasjeverksteder for de solgte produkter.
Address
Strømsveien 316, 1081 Oslo
Phone
+4723176600
Risika for professionals
Risika provides regulated workflow tools for finance, procurement and compliance teams that need monitoring, alerts and an API.
| Item | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | 1 721 608 | 1 898 889 | 2 057 760 | 2 349 139 | 2 707 141 |
| Staff expenses | −298 062 | −281 553 | −271 003 | −336 169 | −337 979 |
| EBITDA | 106 974 | 156 533 | 217 572 | 182 688 | 242 839 |
| Depreciation & amort. | −78 608 | −86 802 | −87 169 | −96 642 | −99 711 |
| EBIT | 28 366 | 69 731 | 130 403 | 86 046 | 143 128 |
| Net financials | −7 502 | −7 658 | −6 809 | 67 157 | −14 668 |
| Profit before tax | 20 864 | 62 073 | 123 593 | 153 203 | 128 460 |
| Tax | 4 560 | 13 678 | 333 | 140 | 28 594 |
| Net profit | 16 304 | 49 307 | 97 087 | 135 577 | 98 444 |
| Item | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Total assets | 1 306 500 | 1 270 272 | 1 479 159 | 1 736 623 | 1 728 080 |
| Equity | 153 142 | 148 611 | 180 698 | 216 772 | 215 927 |
| Long-term debt | 179 834 | 200 715 | 181 429 | 174 026 | 158 993 |
| Short-term debt | 357 833 | 380 148 | 489 031 | 650 755 | 599 712 |
| Total debt | 537 667 | 580 863 | 670 460 | 824 780 | 758 705 |
EBITDA margin
9.0%
This company
15.8%
Market median
-43% vs market
20202024
Equity ratio
12.5%
This company
38.2%
Market median
-67% vs market
20202024
Return on equity
45.6%
This company
18.4%
Market median
+148% vs market
20202024
Net profit margin
3.6%
This company
8.1%
Market median
-56% vs market
20202024
Asset turnover
1.57×
This company
1.12×
Market median
+40% vs market
20202024
Debt / equity
7.00×
This company
0.62×
Market median
-1029% vs market
20202024
- 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
| Name | Role | Member since |
|---|---|---|
| Current (3) | ||
FA Observer | Observer | 2022 |
KA Chief Executive Officer | Chief Executive Officer | 2020 |
JW Deputy Member | Deputy Member | 2022 |
| Name | Role | Member since |
|---|---|---|
| Current (3) | ||
| Board of Directors | 2022 | |
| Chairman | 2022 | |
| Board of Directors | 2025 | |
| Former (2) | ||
| Board of Directors | 2022 – 2025 | |
| Board of Directors | 2021 – 2022 | |
| Shareholder | Type | Ownership | Votes | Since |
|---|---|---|---|---|
Ab Volvo | Company | 100% | 100% | 2024 |
Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive. Learn more.
VOLVO NORGE AS 
OPPLAND TUNGBILSERVICE ASBoard members of VOLVO NORGE AS also hold positions in 0 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Fredrik Arnesen | Observer | 0 companies |
| Karstein Ahlin | Chief Executive Officer | 0 companies |
| Jan Wiggo Hageløkken | Deputy Member | 0 companies |
| Knut Tøftum | Board of Directors | 0 companies |
| Martin Nordvik Tomter | Board of Directors | 0 companies |
| Lars Magnus Krantz | Chairman | 0 companies |
| Getnet Shibru | Board of Directors | 0 companies |
| Katrine Lyng Bekkevold | Board of Directors | 0 companies |