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QUALITY HOTEL EDVARD GRIEG AS
AS
Active
Org 975966402
Sandsliåsen 50, 5254 Sandsli
Hotels and similar accommodation · NACE 5510
Est. 1995
139 employees
www.nordicchoicehotels.no
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Overview
Financials
People & ownership
Related companies
Revenue 2024
NOK 142,4M
+10% vs 2023
EBITDA margin
14.1%
+36% vs 2023
Equity ratio
42.2%
Financial strength
Net profit 2024
NOK 14,7M
+37% vs 2023
EBITDA — year on year
NOK millions
41M
26M
11M
-5M
-20M
-16M
2020
33M
+306%
2021
-3M
-109%
2022
15M
+600%
2023
20M
+33%
2024
Key figures
Annual report 2024
Revenue
NOK 142,4M
+10%
EBITDA
NOK 20M
+36%
Net profit
NOK 14,7M
+37%
Total assets
NOK 76,7M
+20%
Equity
NOK 32,3M
+3%
Employees
139
—
Company information
Legal name
QUALITY HOTEL EDVARD GRIEG AS
Org number
975966402
Legal form
Aksjeselskap
NACE code
5510 · Hotels and similar accommodation
Founded
15. desember 1995
Share capital
—
Employees
139 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Contact
Address
Sandsliåsen 50, 5254 Sandsli
Website
www.nordicchoicehotels.no
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Revenue
NOK millions
0M
41M
82M
122M
163M
38M
2020
108M
2021
111M
2022
129M
2023
142M
2024
EBITDA
NOK millions
0M
9M
19M
28M
38M
-16M
2020
33M
2021
-3M
2022
15M
2023
20M
2024
Income statement
NOK thousands
Item
2020
2021
2022
2023
2024
Revenue
38 232
108 258
111 270
129 429
142 416
Staff expenses
−13 724
−23 992
−35 973
−41 098
−43 092
EBITDA
−16 010
33 387
−2 563
14 706
20 022
Depreciation & amort.
−4 413
−4 198
−2 205
−1 353
−2 093
EBIT
−20 423
29 189
−4 768
13 353
17 928
Net financials
−1 448
−1 214
−177
442
980
Profit before tax
−21 871
27 975
−4 945
13 796
18 908
Tax
−4 806
6 163
−1 083
3 056
4 198
Net profit
−17 065
21 811
−3 863
10 740
14 710
Balance sheet
NOK thousands
Item
2020
2021
2022
2023
2024
Total assets
73 391
71 989
43 814
63 673
76 720
Equity
30 169
29 702
30 264
31 271
32 341
Long-term debt
0
0
0
0
0
Short-term debt
43 222
42 287
13 550
32 402
44 379
Total debt
43 222
42 287
13 550
32 402
44 379
Financial ratios
5-year trend
EBITDA margin
14.1%
This company
15.8%
Market median
-11% vs market
2020
2024
Equity ratio
42.2%
This company
38.2%
Market median
+10% vs market
2020
2024
Return on equity
45.5%
This company
18.4%
Market median
+147% vs market
2020
2024
Net profit margin
10.3%
This company
8.1%
Market median
+27% vs market
2020
2024
Asset turnover
1.86×
This company
1.12×
Market median
+66% vs market
2020
2024
Debt / equity
1.37×
This company
0.62×
Market median
-121% 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)
KR
Kjetil Røed
Chief Executive Officer
Chief Executive Officer
2016
Board of directors
Non-executive oversight
Name
Role
Member since
Current (3)
TL
Trine Lise Marsdal
Board of Directors
2020
TS
Torgeir Silseth
Chairman
2020
EV
Espen Viig Syversen
Board of Directors
2020
Shareholders
As of last annual report
Shareholder
Type
Ownership
Votes
Since
Choice Hotels & Resorts As
Company
100%
100%
2023
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Company hierarchy
Strawberry Hospitality Group As
Strawberry Hotels As
Choice Hotels & Resorts As
QUALITY HOTEL EDVARD GRIEG AS
(this company)
Board network connections
Board members of QUALITY HOTEL EDVARD GRIEG AS also hold positions in
0
other companies.
Person
Role here
Other companies
Kjetil Røed
Chief Executive Officer
0 companies
Trine Lise Marsdal
Board of Directors
0 companies
Torgeir Silseth
Chairman
0 companies
Espen Viig Syversen
Board of Directors
0 companies