Riskpilot← Back to searchSign inGet full accessWOOD GROUP NORWAY AS
ASActiveOrg 976802357Fokserødveien 12, 3241 SandefjordSupport activities for petroleum and natural gas extraction · NACE 0910Est. 1996802 employeeswww.woodgroup.com
Revenue 2024
NOK 2,1B
-36% vs 2023
EBITDA margin
1.9%
-69% vs 2023
Equity ratio
22.9%
Financial strength
Net profit 2024
NOK 38M
-63% vs 2023
| Revenue | NOK 2,1B | -36% |
| EBITDA | NOK 41,6M | -69% |
| Net profit | NOK 38M | -63% |
| Total assets | NOK 855,6M | -37% |
| Equity | NOK 195,6M | +24% |
| Employees | 802 | — |
Legal name
WOOD GROUP NORWAY AS
Org number
976802357
Legal form
Aksjeselskap
NACE code
0910 · Support activities for petroleum and natural gas extraction
Founded
24. september 1996
Share capital
NOK 1 200 000
Employees
802 (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 alene.
Address
Fokserødveien 12, 3241 Sandefjord
Phone
+4733508580
Website
www.woodgroup.com
Risika for professionals
Risika provides regulated workflow tools for finance, procurement and compliance teams that need monitoring, alerts and an API.
| Item | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | 1 127 147 | 1 656 504 | 3 318 083 | 3 358 287 | 2 140 805 |
| Staff expenses | −451 271 | −513 570 | −635 363 | −726 590 | −777 562 |
| EBITDA | 24 556 | 73 942 | 141 398 | 133 148 | 41 574 |
| Depreciation & amort. | −22 298 | −15 367 | −17 761 | −18 397 | −19 136 |
| EBIT | 2 258 | 58 575 | 123 637 | 114 751 | 22 438 |
| Net financials | −3 035 | −1 816 | 11 660 | 16 639 | 14 168 |
| Profit before tax | −777 | 56 759 | 135 297 | 131 390 | 36 606 |
| Tax | −0 | −0 | 16 900 | 27 647 | −1 367 |
| Net profit | −777 | 56 759 | 118 397 | 103 743 | 37 973 |
| Item | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Total assets | 467 492 | 800 236 | 1 211 700 | 1 365 381 | 855 647 |
| Equity | 43 410 | 100 169 | 218 566 | 157 661 | 195 634 |
| Long-term debt | 67 | 0 | 14 846 | 38 643 | 7 221 |
| Short-term debt | 424 015 | 700 067 | 978 288 | 1 169 077 | 652 791 |
| Total debt | 424 082 | 700 067 | 993 134 | 1 207 721 | 660 013 |
EBITDA margin
1.9%
This company
15.8%
Market median
-88% vs market
20202024
Equity ratio
22.9%
This company
38.2%
Market median
-40% vs market
20202024
Return on equity
19.4%
This company
18.4%
Market median
+5% vs market
20202024
Net profit margin
1.8%
This company
8.1%
Market median
-78% vs market
20202024
Asset turnover
2.50×
This company
1.12×
Market median
+123% vs market
20202024
Debt / equity
3.37×
This company
0.62×
Market median
-444% 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 (4) | ||
AI Deputy Member | Deputy Member | 2025 |
CE Deputy Member | Deputy Member | 2025 |
PH Deputy Member | Deputy Member | 2025 |
HM Chief Executive Officer | Chief Executive Officer | 2024 |
| Former (8) | ||
KE Deputy Member | Deputy Member | 2019 – 2021 |
TH Deputy Member | Deputy Member | 2023 – 2025 |
TS Deputy Member | Deputy Member | 2023 – 2025 |
LF Chief Executive Officer | Chief Executive Officer | 2016 – 2024 |
EP Deputy Member | Deputy Member | 2023 – 2023 |
LB Deputy Member | Deputy Member | 2022 – 2022 |
RM Deputy Member | Deputy Member | 2023 – 2025 |
CB Deputy Member | Deputy Member | 2019 – 2021 |
| Name | Role | Member since |
|---|---|---|
| Current (6) | ||
| Board of Directors | 2025 | |
| Board of Directors | 2025 | |
| Board of Directors | 2023 | |
| Chairman | 2023 | |
| Board of Directors | 2024 | |
| Board of Directors | 2023 | |
| Former (9) | ||
| Chairman | 2022 – 2023 | |
| Board of Directors | 2023 – 2025 | |
| Board of Directors | 2023 – 2025 | |
| Board of Directors | 2023 – 2023 | |
| Board of Directors | 2023 – 2024 | |
| Board of Directors | 2019 – 2021 | |
| Board of Directors | 2019 – 2021 | |
| Board of Directors | 2021 – 2022 | |
| Board of Directors | 2019 – 2021 | |
| Shareholder | Type | Ownership | Votes | Since |
|---|---|---|---|---|
Wood Group Investments Limited | Company | 100% | 100% | 2024 |
Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive. Learn more.
No registered parent or subsidiaries
Board members of WOOD GROUP NORWAY AS also hold positions in 0 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Kjell Eirik Grønvold | Deputy Member | 0 companies |
| Thomas Høyvik Garten | Deputy Member | 0 companies |
| Alakbar Ismayilov | Deputy Member | 0 companies |
| Terje Stavåsen | Deputy Member | 0 companies |
| Lars Fredrik Bakke | Chief Executive Officer | 0 companies |
| Erik Pharo | Deputy Member | 0 companies |
| Liya Berg-Hansen | Deputy Member | 0 companies |
| Rikke Mæhle | Deputy Member | 0 companies |
| Camilla Elisabeth Ode Skilbred | Deputy Member | 0 companies |
| Patrick Herold | Deputy Member | 0 companies |
| Christian Berntsen | Deputy Member | 0 companies |
| Henrik Melsom | Chief Executive Officer | 0 companies |
| Craig Shanaghey | Chairman | 0 companies |
| Simon Simonsen | Board of Directors | 0 companies |
| Henning Halvorsen | Board of Directors | 0 companies |
| Hans Sannes | Board of Directors | 0 companies |
| James Anthony Shaughnessy | Board of Directors | 0 companies |
| Emil Aasland Pedersen | Board of Directors | 0 companies |
| Ina Maria Jordal | Board of Directors | 0 companies |
| Kjersti Bakke | Board of Directors | 0 companies |
| Silje Randen | Board of Directors | 0 companies |
| Andrew James Findlay | Board of Directors | 0 companies |
| Lindsey Anne Caldwell | Board of Directors | 0 companies |
| Ellis Steven Renforth | Chairman | 0 companies |
| Elise Young Donald | Board of Directors | 0 companies |
| Mari Kristin Stenvik Kruge | Board of Directors | 0 companies |
| Leif Kristian Ness | Board of Directors | 0 companies |