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THE SWITCH MARINE DRIVES NORWAY AS
AS
Active
Org 917129436
Grunnavågsvegen 32, 5410
Sagvåg
Manufacture of electric motors, generators and transformers
· NACE 2711
Est. 2016
51 employees
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Norway
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Companies
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Manufacture of electric motors, generators and transformers
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THE SWITCH MARINE DRIVES NORWAY AS
Overview
Financials
People & ownership
Related companies
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Financials
Revenue
NOK millions
0M
25M
49M
74M
99M
86M
2020
80M
2021
72M
2022
47M
2023
84M
2024
EBITDA
NOK millions
0M
-2M
-5M
-7M
-9M
-15M
2020
-16M
2021
-18M
2022
-19M
2023
-8M
2024
Income statement
NOK thousands
Item
2020
2021
2022
2023
2024
Revenue
85 817
79 646
72 179
46 858
83 879
Staff expenses
−21 216
−20 210
−24 450
−23 608
−25 938
EBITDA
−15 169
−15 707
−17 536
−18 593
−7 887
Depreciation & amort.
−11 440
−11 780
−8 808
−2 446
−2 758
EBIT
−26 609
−27 487
−26 343
−21 039
−10 645
Net financials
−3 788
128
−1 046
−1 147
−2 061
Profit before tax
−30 397
−27 359
−27 389
−22 186
−12 705
Tax
13 722
−0
−0
−0
−0
Net profit
−44 119
−27 359
−27 389
−22 186
−12 705
Balance sheet
NOK thousands
Item
2020
2021
2022
2023
2024
Total assets
73 013
84 524
43 562
54 917
113 713
Equity
−7 986
6 655
−934
6 880
15 175
Long-term debt
61 488
52 600
28 031
28 755
67 276
Short-term debt
19 511
25 269
16 465
19 281
31 262
Total debt
80 999
77 869
44 496
48 036
98 538
Financial ratios
5-year trend
EBITDA margin
-9.4%
This company
15.8%
Market median
-159% vs market
2020
2024
Equity ratio
13.3%
This company
38.2%
Market median
-65% vs market
2020
2024
Return on equity
-83.7%
This company
18.4%
Market median
-555% vs market
2020
2024
Net profit margin
-15.1%
This company
8.1%
Market median
-286% vs market
2020
2024
Asset turnover
0.74×
This company
1.12×
Market median
-34% vs market
2020
2024
Debt / equity
6.49×
This company
0.62×
Market median
-947% vs market
2020
2024
Annual reports & filings
Annual report 2024
Filed via Brønnøysundsregistrene · Period 2023-03-01 – 2024-02-29
View
PDF
Annual report 2023
Filed via Brønnøysundsregistrene · Period 2022-03-01 – 2023-02-28
View
PDF
Annual report 2022
Filed via Brønnøysundsregistrene · Period 2021-03-01 – 2022-02-28
View
PDF
Annual report 2021
Filed via Brønnøysundsregistrene · Period 2020-03-01 – 2021-02-28
View
PDF
Annual report 2020
Filed via Brønnøysundsregistrene · Period 2019-03-01 – 2020-02-28
View
PDF
More on THE SWITCH MARINE DRIVES NORWAY AS
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Headline figures, risk assessment and company summary
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Management, board and shareholder breakdown
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Corporate hierarchy, parent and subsidiary network
