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Cowi AS
AS
Active
Org 979364857
Karvesvingen 2, 0579
Oslo
Engineering activities and related technical consultancy
·
NACE 7112
Est. 1997 · 28 years old
1 287 employees
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Share
Norway
/
Companies
/
Engineering activities and related technical consultancy
/
Cowi AS
Overview
Financials
People & ownership
Related companies
Loading company…
Financials
Revenue
NOK millions
3.2B
2.4B
1.6B
0.8B
-0.0B
2021: 2.0B
2.0B
2021
2022: 2.2B (+9% vs 2021)
2.2B
+9%
2022
2023: 2.5B (+12% vs 2022)
2.5B
+12%
2023
2024: 2.6B (+5% vs 2023)
2.6B
+5%
2024
2025: 2.4B (-6% vs 2024)
2.4B
-6%
2025
EBITDA
NOK millions
234M
176M
117M
59M
0M
2021: 151M
151M
2021
2022: 174M (+15% vs 2021)
174M
+15%
2022
2023: 188M (+8% vs 2022)
188M
+8%
2023
2024: 106M (-44% vs 2023)
106M
-44%
2024
2025: 113M (+7% vs 2024)
113M
+7%
2025
Income statement
NOK thousands
Item
2025
2024
2023
2022
2021
Revenue
2 425 453
2 576 320
2 462 454
2 208 051
2 023 806
Staff expenses
−1 527 942
−1 682 269
−1 609 056
−1 446 919
−1 346 488
EBITDA
113 254
105 897
188 002
173 792
151 110
Depreciation & amort.
−25 516
−26 354
−23 495
−21 936
−25 130
EBIT
87 738
79 543
164 507
151 856
125 980
Net financials
10 659
17 996
14 236
4 859
−873
Profit before tax
98 397
97 540
178 744
156 714
125 107
Tax
22 097
21 866
40 881
36 311
30 132
Net profit
76 299
75 673
137 863
120 403
94 975
Balance sheet
NOK thousands
Item
2025
2024
2023
2022
2021
Total assets
801 620
910 314
963 757
870 482
804 129
Equity
160 407
182 108
193 435
174 572
161 169
Long-term debt
0
0
0
0
0
Short-term debt
632 402
721 421
766 997
693 832
641 601
Total debt
632 402
721 421
766 997
693 832
641 601
Financial ratios
5-year trend
EBITDA margin
4,7 %
This company
15,8 %
Market median
This company
Market median
70% below market
2021
2025
Equity ratio
20,0 %
This company
38,2 %
Market median
This company
Market median
48% below market
2021
2025
Return on equity
47,6 %
This company
18,4 %
Market median
This company
Market median
159% above market
2021
2025
Net profit margin
3,1 %
This company
8,1 %
Market median
This company
Market median
62% below market
2021
2025
Asset turnover
3,03×
This company
1,12×
Market median
This company
Market median
171% above market
2021
2025
Debt / equity
4,00×
This company
0,62×
Market median
This company
Market median
545% above market
2021
2025
Annual reports & filings
Annual report 2025
Filed via Brønnøysundsregistrene · Period 2025-01-01 – 2025-12-31
View
PDF
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
More on Cowi AS
Overview →
Headline figures, risk assessment and company summary
People & ownership →
Management, board and shareholder breakdown
Related companies →
Corporate hierarchy, parent and subsidiary network
