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CRANE NORWAY VEST AS
AS
Active
Org 923079718
Sandnesveien 114, 4312 Sandnes
Other specialised construction activities n.e.c. · NACE 4399
Est. 1979
313 employees
www.cranenorway.com
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Overview
Financials
People & ownership
Related companies
Revenue 2024
NOK 891,8M
+45% vs 2023
EBITDA margin
19.7%
+33% vs 2023
Equity ratio
19.3%
Financial strength
Net profit 2024
NOK 67,3M
+49% vs 2023
EBITDA — year on year
NOK millions
219M
164M
109M
55M
0M
103M
2020
103M
0%
2021
105M
+2%
2022
132M
+26%
2023
175M
+33%
2024
Key figures
Annual report 2024
Revenue
NOK 891,8M
+45%
EBITDA
NOK 175,4M
+33%
Net profit
NOK 67,3M
+49%
Total assets
NOK 538,5M
+12%
Equity
NOK 103,9M
+15%
Employees
313
—
Company information
Legal name
CRANE NORWAY VEST AS
Org number
923079718
Legal form
Aksjeselskap
NACE code
4399 · Other specialised construction activities n.e.c.
Founded
3. mai 1979
Share capital
—
Employees
313 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
Daglig leder og styrets leder i fellesskap.
Contact
Address
Sandnesveien 114, 4312 Sandnes
Phone
+4751444100
Website
www.cranenorway.com
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Companies in Other specialised construction activities n.e.c.
Companies in Sandnes
All Norway companies
Revenue
NOK millions
0M
256M
513M
769M
1B
343M
2020
467M
2021
488M
2022
614M
2023
892M
2024
EBITDA
NOK millions
0M
50M
101M
151M
201M
103M
2020
103M
2021
105M
2022
132M
2023
175M
2024
Income statement
NOK thousands
Item
2020
2021
2022
2023
2024
Revenue
342 596
466 786
487 675
614 307
891 773
Staff expenses
−114 963
−143 512
−161 034
−189 940
−206 749
EBITDA
103 458
102 597
104 932
132 001
175 439
Depreciation & amort.
−57 029
−60 990
−58 824
−62 608
−70 221
EBIT
46 429
41 607
46 107
69 393
105 219
Net financials
−3 362
−800
−6 145
−11 436
−18 950
Profit before tax
43 067
40 807
39 962
57 957
86 269
Tax
9 499
8 990
8 907
12 757
18 991
Net profit
33 569
31 818
31 055
45 200
67 279
Balance sheet
NOK thousands
Item
2020
2021
2022
2023
2024
Total assets
402 772
411 695
409 318
480 468
538 525
Equity
80 664
81 281
88 936
90 705
103 870
Long-term debt
227 704
216 966
185 288
228 375
255 389
Short-term debt
94 404
113 448
135 093
161 387
179 267
Total debt
322 108
330 414
320 381
389 763
434 655
Financial ratios
5-year trend
EBITDA margin
19.7%
This company
15.8%
Market median
+25% vs market
2020
2024
Equity ratio
19.3%
This company
38.2%
Market median
-49% vs market
2020
2024
Return on equity
64.8%
This company
18.4%
Market median
+252% vs market
2020
2024
Net profit margin
7.5%
This company
8.1%
Market median
-7% vs market
2020
2024
Asset turnover
1.66×
This company
1.12×
Market median
+48% vs market
2020
2024
Debt / equity
4.18×
This company
0.62×
Market median
-574% vs market
2020
2024
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
Management
Actively employed in the business
Name
Role
Member since
Current (1)
OM
Olav Moi Håland
Chief Executive Officer
Chief Executive Officer
2019
Board of directors
Non-executive oversight
Name
Role
Member since
Current (2)
JS
Jostein Skadberg
Board of Directors
2016
TH
Trond Helge Skretting
Chairman
2016
Shareholders
As of last annual report
Shareholder
Type
Ownership
Votes
Since
Crane Norway Group As
Company
100%
100%
2022
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Company hierarchy
Kranringen Holding As
Crane Norway Group As
CRANE NORWAY VEST AS
(this company)
Board network connections
Board members of CRANE NORWAY VEST AS also hold positions in
0
other companies.
Person
Role here
Other companies
Olav Moi Håland
Chief Executive Officer
0 companies
Jostein Skadberg
Board of Directors
0 companies
Trond Helge Skretting
Chairman
0 companies