What is the Org number of NORCE RESEARCH AS?

NORCE RESEARCH AS is registered with Brønnøysundsregistrene under Org 919408049.

What is the revenue of NORCE RESEARCH AS?

NORCE RESEARCH AS reported revenue of NOK 1,2B in 2024.

How many employees does NORCE RESEARCH AS have?

NORCE RESEARCH AS employs 777 people as of the latest annual report.

Who is the CEO of NORCE RESEARCH AS?

Randi Valestrand is Deputy Member of NORCE RESEARCH AS, in role since 2024.

Who is the chairman of NORCE RESEARCH AS?

Pinar Heggernes chairs the board of NORCE RESEARCH AS, in role since 2025.

Where is NORCE RESEARCH AS headquartered?

NORCE RESEARCH AS's registered address is Nygårdsgaten 112, 5008 Bergen.

NORCE RESEARCH AS

ASActive

Org 919408049Nygårdsgaten 112, 5008 BergenResearch and experimental development on natural sciences and engineering · NACE 7210Est. 2017777 employees

Overview Financials People & ownership Related companies

Financials

RevenueNOK millions

EBITDANOK millions

Income statementNOK thousands

Item	2020	2021	2022	2023	2024
Revenue	959 473	975 607	1 082 484	1 179 017	1 240 234
Staff expenses	−599 184	−601 905	−660 185	−735 134	−779 971
EBITDA	26 207	35 120	36 010	1 533	15 933
Depreciation & amort.	−27 453	−25 349	−25 466	−27 596	−27 440
EBIT	−1 246	9 771	10 544	−26 063	−11 507
Net financials	23 730	120 521	59 929	60 839	14 229
Profit before tax	22 484	130 292	70 473	34 776	2 722
Tax	−0	−0	−0	−503	−0
Net profit	22 484	130 292	70 473	35 279	2 722

Balance sheetNOK thousands

Item	2020	2021	2022	2023	2024
Total assets	880 464	1 072 469	1 331 827	745 090	950 503
Equity	419 650	553 463	626 498	111 025	152 894
Long-term debt	2 949	2 795	2 605	2 530	2 857
Short-term debt	395 687	471 179	669 804	608 464	769 875
Total debt	398 636	473 974	672 409	610 994	772 732

Financial ratios5-year trend

EBITDA margin

1.3%

This company

15.8%

Market median

-92% vs market

20202024

Equity ratio

16.1%

This company

38.2%

Market median

-58% vs market

20202024

Return on equity

1.8%

This company

18.4%

Market median

-90% vs market

20202024

Net profit margin

0.2%

This company

8.1%

Market median

-98% vs market

20202024

Asset turnover

1.30×

This company

1.12×

Market median

+16% vs market

20202024

Debt / equity

5.22×

This company

0.62×

Market median

-742% vs market

20202024

Annual reports & filings

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
Annual report 2020
Filed via Brønnøysundsregistrene · Period 2020-01-01 – 2020-12-31
View PDF