Riskpilot← Back to searchSign inGet full accessULSTEIN VERFT AS
ASActiveOrg 912447561Building of civilian ships and floating structures · NACE 3011Est. 1974279 employeeswww.ulstein.com
Revenue 2024
NOK 2,8B
+132% vs 2023
EBITDA margin
8.6%
+596% vs 2023
Equity ratio
9.4%
Financial strength
Net profit 2024
NOK 138,1M
+497% vs 2023
| Revenue | NOK 2,8B | +132% |
| EBITDA | NOK 238,5M | +596% |
| Net profit | NOK 138,1M | +497% |
| Total assets | NOK 2,2B | +35% |
| Equity | NOK 209,8M | +193% |
| Employees | 279 | — |
Legal name
ULSTEIN VERFT AS
Org number
912447561
Legal form
Aksjeselskap
NACE code
3011 · Building of civilian ships and floating structures
Founded
15. mars 1974
Share capital
—
Employees
279 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
Styreleiar åleine.
Company purpose
Skipsbygging, skipsreparasjon og annen tilknyttet industri, samt all annen virksomhet som er naturlig i forbindelse hermed.
Address
Website
www.ulstein.com
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| Item | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2 147 016 | 2 348 167 | 1 965 014 | 1 797 292 | 1 932 312 | 1 867 363 | 2 031 041 | 1 108 046 | 623 892 | 922 617 | 1 691 941 | 2 199 201 | 1 430 720 | 923 774 | 359 643 | 1 191 212 | 2 759 208 |
| Staff expenses | −242 157 | −274 744 | −0 | −264 767 | −270 775 | −271 036 | −278 202 | −233 208 | −148 625 | −142 978 | −190 273 | −244 277 | −217 144 | −185 582 | −131 767 | −150 568 | −213 430 |
| EBITDA | 260 812 | 353 987 | 643 601 | 220 537 | 177 777 | 60 295 | 26 874 | −70 269 | −49 927 | −98 099 | −75 673 | −154 798 | 67 010 | 46 893 | −65 770 | 34 286 | 238 534 |
| Depreciation & amort. | −7 489 | −6 138 | −0 | −8 641 | −10 448 | −11 371 | −13 856 | −14 856 | −12 844 | −12 425 | −12 009 | −6 494 | −7 799 | −5 781 | −4 694 | −5 367 | −5 673 |
| EBIT | 253 323 | 347 849 | 643 601 | 211 896 | 167 329 | 48 924 | 13 018 | −85 124 | −62 771 | −110 523 | −87 682 | −161 291 | 59 211 | 41 111 | −70 464 | 28 919 | 232 861 |
| Net financials | 5 261 | 18 651 | 0 | 25 129 | −6 763 | −3 618 | −3 218 | 9 777 | 0 | 0 | 0 | 0 | 0 | −21 632 | 0 | 0 | 0 |
| Profit before tax | 258 538 | 366 432 | 643 601 | 221 632 | 160 566 | 32 101 | −5 729 | −113 198 | −70 505 | −116 564 | −119 245 | −224 813 | 10 446 | 19 479 | −68 413 | 29 722 | 177 178 |
| Tax | 72 777 | 102 910 | −0 | 62 391 | 45 214 | 7 575 | −1 493 | −31 658 | −17 842 | −27 093 | −25 469 | −49 534 | 2 229 | 4 198 | −15 042 | 6 580 | 39 053 |
| Net profit | 185 761 | 263 522 | 643 601 | 159 241 | 115 352 | 24 526 | −4 236 | −81 540 | −52 663 | −89 470 | −93 776 | −175 279 | 8 217 | 15 280 | −53 372 | 23 141 | 138 125 |
| Item | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | 1 514 318 | 1 251 188 | 1 401 455 | 1 249 504 | 1 106 423 | 1 135 451 | 1 469 195 | 1 819 757 | 1 725 354 | 1 114 927 | 1 835 907 | 2 396 545 | 773 093 | 355 707 | 610 545 | 1 649 105 | 2 222 956 |
| Equity | 322 551 | 265 220 | 382 731 | 271 972 | 188 504 | 213 030 | 208 794 | 168 092 | 140 332 | 63 588 | 54 812 | 56 283 | 67 514 | 86 599 | 48 490 | 71 631 | 209 756 |
| Long-term debt | 0 | 0 | 0 | 0 | 88 130 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short-term debt | 1 107 235 | 916 116 | 863 053 | 878 081 | 829 789 | 851 554 | 1 205 623 | 1 616 742 | 1 564 059 | 1 039 595 | 1 773 633 | 2 304 865 | 671 266 | 269 108 | 562 055 | 1 377 474 | 1 813 200 |
| Total debt | 1 107 235 | 916 116 | 1 018 724 | 977 532 | 917 919 | 922 421 | 1 260 401 | 1 651 665 | 1 585 022 | 1 051 338 | 1 781 095 | 2 340 262 | 705 580 | 269 108 | 562 055 | 1 577 474 | 2 013 200 |
EBITDA margin
8.6%
This company
15.8%
Market median
-46% vs market
20082024
Equity ratio
9.4%
This company
38.2%
Market median
-75% vs market
20082024
Return on equity
65.9%
This company
18.4%
Market median
+258% vs market
20082024
Net profit margin
5.0%
This company
8.1%
Market median
-38% vs market
20082024
Asset turnover
1.24×
This company
1.12×
Market median
+11% vs market
20082024
Debt / equity
9.60×
This company
0.62×
Market median
-1448% 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 |
|---|---|---|---|---|
LL Chief Executive Officer | Chief Executive Officer | 2019 | — | — |
PA Deputy Member | Deputy Member | 2022 | — | — |
LJ Deputy Member | Deputy Member | 2022 | — | — |
MW Deputy Member | Deputy Member | 2024 | — | — |
JH Deputy Member | Deputy Member | 2022 | — | — |
OR Deputy Member | Deputy Member | 2022 | — | — |
JB Deputy Member | Deputy Member | 2024 | — | — |
ØF Deputy Member | Deputy Member | 2024 | — | — |
BE Deputy Member | Deputy Member | 2024 | — | — |
VM Deputy Member | Deputy Member | 2022 | — | — |
| Name | Role | Member since | Age | Other directorships |
|---|---|---|---|---|
| Board of Directors | 2020 | — | — | |
| Chairman | 2024 | — | — | |
| Board of Directors | 2024 | — | — | |
| Board of Directors | 2022 | — | — | |
| Board of Directors | 2022 | — | — | |
| Deputy Chairman | 2024 | — | — | |
| Chairman | 2022 | — | — | |
| Board of Directors | 2024 | — | — | |
| Board of Directors | 2022 | — | — |
| Shareholder | Type | Ownership | Votes | Since |
|---|---|---|---|---|
Ulstein Group Asa | Company | 100.0% | 100.0% | 2024 |
Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive. Learn more.
Jupiter Invest Junior As
ULSTEIN VERFT AS Board members of ULSTEIN VERFT AS also hold positions in 0 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Lars Lühr Olsen | Chief Executive Officer | 0 companies |
| Per Arne Paulsen | Deputy Member | 0 companies |
| Lena-Karin Janne Sætre | Deputy Member | 0 companies |
| Martinus Warholm | Deputy Member | 0 companies |
| John Hatløy | Deputy Member | 0 companies |
| Oda Remøy Reite | Deputy Member | 0 companies |
| Jeanette Brandal | Deputy Member | 0 companies |
| Øyvind Flø | Deputy Member | 0 companies |
| Brynjar Ertesvåg | Deputy Member | 0 companies |
| Vegard Moltu Nilsen | Deputy Member | 0 companies |
| Steven Pushparajah Karunasamy | Board of Directors | 0 companies |
| Gunvor Ulstein | Chairman | 0 companies |
| Lena Olise Holstad | Board of Directors | 0 companies |
| Lena Kathrin Hansen | Board of Directors | 0 companies |
| Bjørn Røren | Board of Directors | 0 companies |
| Tore Ulstein | Deputy Chairman | 0 companies |
| Cathrine Kristiseter Marti | Chairman | 0 companies |
| Stig Andor Engen | Board of Directors | 0 companies |
| Runar Inge Muren | Board of Directors | 0 companies |