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ASAActiveOrg 913102436Kristian Birkelands Trasé 6, 4849 ArendalManufacture of batteries and accumulators · NACE 2720Est. 201439 employees
Revenue 2024
NOK 40,1M
+2135% vs 2023
EBITDA margin
234.6%
+147% vs 2023
Equity ratio
87.3%
Financial strength
Net profit 2024
NOK -525,1M
-103% vs 2023
| Revenue | NOK 40,1M | +2135% |
| EBITDA | NOK 94M | +147% |
| Net profit | NOK -525,1M | -103% |
| Total assets | NOK 2,7B | +7% |
| Equity | NOK 2,4B | +2% |
| Employees | 39 | — |
Legal name
MORROW BATTERIES ASA
Org number
913102436
Legal form
Allmennaksjeselskap
NACE code
2720 · Manufacture of batteries and accumulators
Founded
22. januar 2014
Share capital
NOK 46 507 560
Employees
39 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
To styremedlemmer i fellesskap. Daglig leder og styrets leder i fellesskap.
Company purpose
Å eie og investere i selskaper som utvikler, produserer, distribuerer eller selger batterier, og alt som naturlig står i forbindelse med dette.
Address
Kristian Birkelands Trasé 6, 4849 Arendal
Email
contact@morrowbatteries.com
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 | 0 | 4 625 | 54 865 | 1 792 | 40 054 |
| Staff expenses | −4 296 | −0 | −0 | −0 | −0 |
| EBITDA | −8 704 | −48 823 | −118 081 | −198 079 | 93 967 |
| Depreciation & amort. | −68 | −435 | −1 792 | −4 346 | −354 743 |
| EBIT | −8 772 | −49 258 | −119 873 | −202 425 | −260 776 |
| Net financials | 18 | 144 | 19 415 | −16 279 | −264 320 |
| Profit before tax | −8 755 | −49 113 | −100 458 | −218 704 | −525 096 |
| Tax | −1 925 | −11 806 | −0 | −0 | −0 |
| Net profit | −6 830 | −37 308 | −74 747 | −258 143 | −525 096 |
| Item | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Total assets | 60 865 | 268 797 | 1 261 148 | 2 527 899 | 2 714 844 |
| Equity | 59 294 | 249 699 | 1 164 975 | 2 327 259 | 2 370 719 |
| Long-term debt | 0 | 2 839 | 7 208 | 4 961 | 220 000 |
| Short-term debt | 1 570 | 16 258 | 88 964 | 195 678 | 124 124 |
| Total debt | 1 570 | 19 098 | 96 172 | 200 639 | 344 124 |
EBITDA margin
234.6%
This company
15.8%
Market median
+1385% vs market
20202024
Equity ratio
87.3%
This company
38.2%
Market median
+129% vs market
20202024
Return on equity
-22.1%
This company
18.4%
Market median
-220% vs market
20202024
Net profit margin
-1311.0%
This company
8.1%
Market median
-16285% vs market
20202024
Asset turnover
0.01×
This company
1.12×
Market median
-99% vs market
20202024
Debt / equity
0.15×
This company
0.62×
Market median
+76% 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 (5) | ||
KM Deputy Member | Deputy Member | 2025 |
AL Observer | Observer | 2024 |
JD Observer | Observer | 2025 |
JF Chief Executive Officer | Chief Executive Officer | 2026 |
LC Chief Executive Officer | Chief Executive Officer | 2022 |
| Former (1) | ||
TI Chief Executive Officer | Chief Executive Officer | 2020 – 2022 |
| Name | Role | Member since |
|---|---|---|
| Current (8) | ||
| Chairman | 2025 | |
| Board of Directors | 2024 | |
| Board of Directors | 2024 | |
| Board of Directors | 2025 | |
| Board of Directors | 2023 | |
| Board of Directors | 2025 | |
| Board of Directors | 2025 | |
| Board of Directors | 2022 | |
| Former (8) | ||
| Board of Directors | 2022 – 2025 | |
| Chairman | 2022 – 2025 | |
| Board of Directors | 2024 – 2025 | |
| Board of Directors | 2022 – 2022 | |
| Chairman | 2022 – 2022 | |
| Board of Directors | 2022 – 2024 | |
| Board of Directors | 2022 – 2024 | |
| Board of Directors | 2020 – 2022 | |
| Shareholder | Type | Ownership | Votes | Since |
|---|---|---|---|---|
| Company | 49.92% | 49.92% | 2024 | |
Siemens Project Ventures Gmbh | Company | 17.36% | 17.36% | 2024 |
Private Equity Minorities I K/S | Company | 14.89% | 14.89% | 2024 |
Abb Switzerland Ltd | Company | 8.68% | 8.68% | 2024 |
| Company | 5.78% | 5.78% | 2024 | |
| Individual | 4.22% | 4.22% | 2022 | |
| Company | 2.2% | 2.2% | 2024 |
Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive. Learn more.
MORROW BATTERIES ASA (this company)
SIVA EYDE EIENDOM ASBoard members of MORROW BATTERIES ASA also hold positions in 0 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Karsten Möller | Deputy Member | 0 companies |
| Anders Lægreid | Observer | 0 companies |
| Jannick Dam Mortensen | Observer | 0 companies |
| Terje Ivar Andersen | Chief Executive Officer | 0 companies |
| Jon Fold Von Bülow | Chief Executive Officer | 0 companies |
| Lars Christian Bacher | Chief Executive Officer | 0 companies |
| Ann-Christin Gjerdseth Andersen | Chairman | 0 companies |
| Pedro Ramos De Deus Do Valle E Azevedo | Board of Directors | 0 companies |
| Liv Monica Bargem Stubholt | Chairman | 0 companies |
| Kristin Anette Eskeland Dale | Board of Directors | 0 companies |
| Roger Ernst Buchmann | Board of Directors | 0 companies |
| Kristine Lindland | Board of Directors | 0 companies |
| Birgit Ulrike Rönnberg | Board of Directors | 0 companies |
| Atle Knudsen | Board of Directors | 0 companies |
| Trond Vegard Stangeby | Board of Directors | 0 companies |
| Elisa Marie Tønnessen | Board of Directors | 0 companies |
| Håkon Ryan Tanem | Chairman | 0 companies |
| Franziska Beata Bossart Bright | Board of Directors | 0 companies |
| Robert Edward Guy Jobson | Board of Directors | 0 companies |
| Maria Moræus Hanssen | Board of Directors | 0 companies |
| Pål Karsten Røed Brun | Board of Directors | 0 companies |
| Tor Øystein Repstad | Board of Directors | 0 companies |