Riskpilot← Back to searchSign inGet full accessHYDRO RENEWABLES HOLDING AS
ASActiveOrg 923263985Drammensveien 264, 0283 OsloProduction of electricity from renewable sources · NACE 3512Est. 19007 employeeswww.hydro.com
Revenue 2024
NOK 125,6M
-33% vs 2023
EBITDA margin
81.4%
+69% vs 2023
Equity ratio
96.3%
Financial strength
Net profit 2024
NOK 40,6M
+414% vs 2023
| Revenue | NOK 125,6M | -33% |
| EBITDA | NOK 102,2M | +69% |
| Net profit | NOK 40,6M | +414% |
| Total assets | NOK 3B | -34% |
| Equity | NOK 2,8B | +8% |
| Employees | 7 | — |
Legal name
HYDRO RENEWABLES HOLDING AS
Org number
923263985
Legal form
Aksjeselskap
NACE code
3512 · Production of electricity from renewable sources
Founded
26. november 1900
Share capital
NOK 1 814 000
Employees
7 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
To styremedlemmer i fellesskap eller daglig leder og ett styremedlem i fellesskap.
Company purpose
Å eie, utvikle og investere i, direkte eller indirekte, selv eller i samarbeid med andre selskaper og foretak, følgende fornybarprosjekter innen energisektoren, i alle utviklingsstadier - anlegg for kraftproduksjon, energilagring og energioverføring - anlegg til bruk for tjenester til industrien knyttet til kraftleveranser, energibesparelser, administrering og optimalisering av energiforbruk - andeler i selskaper eller foretak med eierskap i slike prosjekter og anlegg og hvis formål er eierskap til, utvikling av og administrering av ovennevnte prosjekter samt alt som står i forbindelse med de foran nevnte virksomheter.
Address
Drammensveien 264, 0283 Oslo
Website
www.hydro.com
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| Item | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | 21 284 | 127 521 | 300 760 | 186 935 | 125 566 |
| Staff expenses | −0 | −12 | −0 | −102 935 | −0 |
| EBITDA | 6 169 | −6 002 | 222 260 | 60 539 | 102 178 |
| Depreciation & amort. | −6 126 | −6 201 | −6 253 | −6 312 | −6 178 |
| EBIT | 43 | −12 203 | 216 007 | 54 227 | 96 000 |
| Net financials | −403 | −663 | −15 910 | −36 053 | −13 363 |
| Profit before tax | −360 | −12 866 | 200 097 | 18 174 | 82 637 |
| Tax | 15 568 | 10 698 | 46 707 | 31 117 | 42 038 |
| Net profit | −15 928 | −23 564 | 153 390 | −12 943 | 40 599 |
| Item | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Total assets | 166 914 | 777 580 | 2 098 460 | 4 454 444 | 2 960 154 |
| Equity | 58 167 | 308 447 | 1 291 837 | 2 646 315 | 2 849 229 |
| Long-term debt | 4 590 | 3 213 | 718 199 | 1 668 264 | 2 299 |
| Short-term debt | 104 157 | 465 920 | 88 424 | 139 866 | 46 228 |
| Total debt | 108 747 | 469 133 | 806 623 | 1 808 130 | 48 527 |
EBITDA margin
81.4%
This company
15.8%
Market median
+415% vs market
20202024
Equity ratio
96.3%
This company
38.2%
Market median
+152% vs market
20202024
Return on equity
1.4%
This company
18.4%
Market median
-92% vs market
20202024
Net profit margin
32.3%
This company
8.1%
Market median
+299% vs market
20202024
Asset turnover
0.04×
This company
1.12×
Market median
-96% vs market
20202024
Debt / equity
0.04×
This company
0.62×
Market median
+94% 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 (1) | ||
RB Chief Executive Officer | Chief Executive Officer | 2025 |
| Former (2) | ||
OA Chief Executive Officer | Chief Executive Officer | 2021 – 2024 |
PT Chief Executive Officer | Chief Executive Officer | 2016 – 2021 |
| Name | Role | Member since |
|---|---|---|
| Current (3) | ||
| Board of Directors | 2022 | |
| Chairman | 2025 | |
| Board of Directors | 2022 | |
| Former (5) | ||
| Chairman | 2022 – 2025 | |
| Board of Directors | 2020 – 2021 | |
| Board of Directors | 2021 – 2022 | |
| Chairman | 2020 – 2021 | |
| Board of Directors | 2020 – 2020 | |
| Shareholder | Type | Ownership | Votes | Since |
|---|---|---|---|---|
| Company | 100% | 100% | 2024 |
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Norsk Hydro Asa
HYDRO RENEWABLES HOLDING AS Board members of HYDRO RENEWABLES HOLDING AS also hold positions in 0 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Olivier Andre Girardot | Chief Executive Officer | 0 companies |
| Pål Thorud | Chief Executive Officer | 0 companies |
| Rune Bruøygard | Chief Executive Officer | 0 companies |
| Arvid Moss | Chairman | 0 companies |
| Thomas Stang Vesseltun | Board of Directors | 0 companies |
| Hans Eide Aarre | Board of Directors | 0 companies |
| Erling Sigholt | Board of Directors | 0 companies |
| Jan Helge Mårdalen | Chairman | 0 companies |
| Eeva Marjut Kantanen | Board of Directors | 0 companies |
| Kari Ekelund Thørud | Chairman | 0 companies |
| Kathrine Fog | Board of Directors | 0 companies |