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Eltel Networks AS
AS
Active
Org 912955915
Haavard Martinsens Vei 30, 0978
Oslo
Construction of utility projects for electricity and telecommunications
·
NACE 4222
Est. 1933 · 93 years old
535 employees
www.eltelnetworks.no
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Norway
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Companies
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Construction of utility projects for electricity and telecommunications
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Eltel Networks AS
Overview
Financials
People & ownership
Related companies
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Financials
Revenue
NOK millions
2.2B
1.7B
1.1B
0.6B
0B
2021: 1.6B
1.6B
2021
2022: 1.8B (+9% vs 2021)
1.8B
+9%
2022
2023: 1.5B (-17% vs 2022)
1.5B
-17%
2023
2024: 1.3B (-10% vs 2023)
1.3B
-10%
2024
2025: 1.2B (-12% vs 2024)
1.2B
-12%
2025
EBITDA
NOK millions
171M
82M
-6M
-94M
-183M
2021: 101M
101M
2021
2022: 34M (-66% vs 2021)
34M
-66%
2022
2023: -50M (-247% vs 2022)
-50M
-247%
2023
2024: -113M (-126% vs 2023)
-113M
-126%
2024
2025: -37M (+67% vs 2024)
-37M
+67%
2025
Income statement
NOK thousands
Item
2025
2024
2023
2022
2021
Revenue
1 171 901
1 337 581
1 490 269
1 785 665
1 637 678
Staff expenses
−544 172
−668 768
−690 615
−710 533
−676 523
EBITDA
−37 421
−112 604
−50 035
34 404
101 087
Depreciation & amort.
−13 961
−15 110
−16 220
−19 519
−16 874
EBIT
−51 382
−127 714
−66 255
14 885
84 213
Net financials
−11 636
−9 463
−8 438
−6 318
−3 753
Profit before tax
−63 018
−137 177
−74 693
8 567
80 460
Tax
−0
16 619
−16 685
1 636
17 553
Net profit
−63 018
−153 796
−58 008
6 931
62 907
Balance sheet
NOK thousands
Item
2025
2024
2023
2022
2021
Total assets
313 590
337 493
421 439
569 084
638 940
Equity
34 965
12 977
116 773
174 780
202 850
Long-term debt
0
0
0
66
3 892
Short-term debt
278 625
324 516
304 666
394 238
430 085
Total debt
278 625
324 516
304 666
394 304
433 977
Financial ratios
5-year trend
EBITDA margin
−3,2 %
This company
15,8 %
Market median
This company
Market median
120% below market
2021
2025
Equity ratio
11,1 %
This company
38,2 %
Market median
This company
Market median
71% below market
2021
2025
Return on equity
−180,2 %
This company
18,4 %
Market median
This company
Market median
>999% below market
2021
2025
Net profit margin
−5,4 %
This company
8,1 %
Market median
This company
Market median
167% below market
2021
2025
Asset turnover
3,74×
This company
1,12×
Market median
This company
Market median
234% above market
2021
2025
Debt / equity
7,97×
This company
0,62×
Market median
This company
Market median
>999% above market
2021
2025
Annual reports & filings
Annual report 2025
Filed via Brønnøysundsregistrene · Period 2025-01-01 – 2025-12-31
View
PDF
Annual report 2024
Filed via Brønnøysundsregistrene · Period 2024-01-01 – 2024-12-31
View
PDF
Annual report 2023
Filed via Brønnøysundsregistrene · Period 2023-01-01 – 2023-12-31
View
PDF
Annual report 2022
Filed via Brønnøysundsregistrene · Period 2022-01-01 – 2022-12-31
View
PDF
Annual report 2021
Filed via Brønnøysundsregistrene · Period 2021-01-01 – 2021-12-31
View
PDF
More on Eltel Networks AS
Overview →
Headline figures, risk assessment and company summary
People & ownership →
Management, board and shareholder breakdown
Related companies →
Corporate hierarchy, parent and subsidiary network
