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FRED.OLSEN MARINE SERVICES AS
AS
Active
Org 962189938
Fred. Olsens Gate 2, 0152 Oslo
Construction of utility projects for electricity and telecommunications · NACE 4222
Est. 1991
5 employees
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Overview
Financials
People & ownership
Related companies
Revenue 2024
NOK 15,2M
-49% vs 2023
EBITDA margin
0.1%
-85% vs 2023
Equity ratio
79.2%
Financial strength
Net profit 2024
NOK 96K
-49% vs 2023
EBITDA — year on year
NOK millions
0M
-0M
-1M
-1M
-1M
0M
2020
0M
0%
2021
0M
0%
2022
0M
0%
2023
0M
0%
2024
Key figures
Annual report 2024
Revenue
NOK 15,2M
-49%
EBITDA
NOK 14K
-85%
Net profit
NOK 96K
-49%
Total assets
NOK 4,3M
-40%
Equity
NOK 3,4M
+3%
Employees
5
—
Company information
Legal name
FRED.OLSEN MARINE SERVICES AS
Org number
962189938
Legal form
Aksjeselskap
NACE code
4222 · Construction of utility projects for electricity and telecommunications
Founded
28. oktober 1991
Share capital
NOK 2 500 000
Employees
5 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
To styremedlemmer i fellesskap. Styrets leder alene.
Contact
Address
Fred. Olsens Gate 2, 0152 Oslo
Phone
+4722341000
Email
info@fredolsen-ocean.com
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Companies in Construction of utility projects for electricity and telecommunications
Companies in Oslo
All Norway companies
Revenue
NOK millions
0M
9M
17M
26M
35M
3M
2020
19M
2021
16M
2022
30M
2023
15M
2024
EBITDA
NOK millions
0M
0M
1M
1M
1M
0M
2020
0M
2021
0M
2022
0M
2023
0M
2024
Income statement
NOK thousands
Item
2020
2021
2022
2023
2024
Revenue
3 095
19 475
15 590
30 017
15 243
Staff expenses
−3 062
−19 144
−14 860
−29 452
−14 742
EBITDA
−13
75
363
91
14
Depreciation & amort.
−0
−31
−0
−0
−0
EBIT
−13
45
363
91
14
Net financials
2
−1
234
149
109
Profit before tax
−11
43
597
240
123
Tax
−2
10
131
53
27
Net profit
−8
34
466
187
96
Balance sheet
NOK thousands
Item
2020
2021
2022
2023
2024
Total assets
11 622
12 488
8 310
7 115
4 275
Equity
9 505
2 638
3 104
3 292
3 387
Long-term debt
0
0
0
0
0
Short-term debt
2 118
9 850
5 205
3 824
888
Total debt
2 118
9 850
5 205
3 824
888
Financial ratios
5-year trend
EBITDA margin
0.1%
This company
15.8%
Market median
-99% vs market
2020
2024
Equity ratio
79.2%
This company
38.2%
Market median
+107% vs market
2020
2024
Return on equity
2.8%
This company
18.4%
Market median
-85% vs market
2020
2024
Net profit margin
0.6%
This company
8.1%
Market median
-93% vs market
2020
2024
Asset turnover
3.57×
This company
1.12×
Market median
+219% vs market
2020
2024
Debt / equity
0.26×
This company
0.62×
Market median
+58% 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)
JS
Jan Sand Schanke-Jørgensen
Chief Executive Officer
Chief Executive Officer
2020
Board of directors
Non-executive oversight
Name
Role
Member since
Current (1)
HK
Hjalmar Krogseth Moe
Chairman
2020
Shareholders
As of last annual report
Shareholder
Type
Ownership
Votes
Since
Fred. Olsen Ocean Ltd.
Company
100%
100%
2024
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Company hierarchy
Fred. Olsen Ocean Ltd.
FRED.OLSEN MARINE SERVICES AS
(this company)
Board network connections
Board members of FRED.OLSEN MARINE SERVICES AS also hold positions in
0
other companies.
Person
Role here
Other companies
Jan Sand Schanke-Jørgensen
Chief Executive Officer
0 companies
Hjalmar Krogseth Moe
Chairman
0 companies