Riskpilot← Back to searchSign inGet full accessVARD GROUP AS
ASActiveOrg 980100820Skansekaia 2, 6002 ÅlesundBuilding of civilian ships and floating structures · NACE 3011Est. 1998845 employeeswww.vard.com
Revenue 2024
NOK 10,2B
+79% vs 2023
EBITDA margin
-2.9%
-40% vs 2023
Equity ratio
2.3%
Financial strength
Net profit 2024
NOK 364,8M
+515% vs 2023
| Revenue | NOK 10,2B | +79% |
| EBITDA | NOK -297,1M | -40% |
| Net profit | NOK 364,8M | +515% |
| Total assets | NOK 16,8B | +12% |
| Equity | NOK 387,6M | +1597% |
| Employees | 845 | — |
Legal name
VARD GROUP AS
Org number
980100820
Legal form
Aksjeselskap
NACE code
3011 · Building of civilian ships and floating structures
Founded
7. september 1998
Share capital
NOK 26 795 600
Employees
845 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
Erik hellan sandnes
Address
Skansekaia 2, 6002 Ålesund
Phone
+4770210600
Email
mail@vard.com
Website
www.vard.com
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| Item | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 9 019 691 | 10 507 210 | 9 866 917 | 10 102 031 | 9 276 330 | 9 399 029 | 10 056 189 | 7 574 628 | 4 858 258 | 6 175 303 | 7 485 643 | 7 938 430 | 6 540 504 | 6 194 241 | 6 002 249 | 5 727 010 | 10 237 272 |
| Staff expenses | −500 350 | −534 197 | −540 770 | −611 765 | −635 004 | −685 107 | −733 712 | −694 663 | −602 435 | −551 876 | −636 842 | −767 820 | −612 636 | −668 553 | −648 608 | −690 531 | −829 466 |
| EBITDA | −112 024 | 425 740 | 773 574 | 1 442 523 | 1 011 866 | 1 016 423 | 516 040 | 179 913 | 43 096 | −45 546 | −1 803 015 | −1 483 821 | −967 836 | −598 169 | −303 219 | −212 682 | −297 093 |
| Depreciation & amort. | −55 112 | −57 170 | −56 132 | −56 133 | −55 875 | −55 517 | −55 046 | −55 929 | −55 962 | −53 894 | −85 556 | −84 608 | −33 721 | −60 253 | −89 973 | −0 | −61 234 |
| EBIT | −167 136 | 368 570 | 717 442 | 1 386 390 | 955 991 | 960 906 | 460 994 | 123 984 | −12 866 | −99 440 | −1 888 571 | −1 568 429 | −1 001 557 | −658 422 | −393 192 | −212 682 | −358 327 |
| Net financials | 20 198 | −92 959 | −49 046 | 114 301 | 305 004 | −266 862 | −758 310 | −1 214 164 | −1 088 360 | −471 587 | −249 796 | −411 409 | −841 091 | −107 652 | −30 505 | 124 749 | 565 458 |
| Profit before tax | −146 938 | 275 611 | 668 396 | 1 500 691 | 1 260 995 | 694 044 | −297 316 | −1 090 180 | −1 101 226 | −571 027 | −2 138 367 | −1 979 838 | −1 842 648 | −766 074 | −423 697 | −87 933 | 207 132 |
| Tax | −35 126 | 83 733 | 172 637 | 411 513 | 265 010 | 266 401 | 128 827 | −0 | −0 | −0 | −0 | −0 | −0 | −0 | −0 | −0 | −0 |
| Net profit | −111 812 | 191 878 | 495 759 | 1 089 178 | 995 985 | 427 643 | −426 143 | −1 052 991 | −1 180 079 | −529 255 | −1 881 856 | −2 232 289 | −1 859 166 | −766 629 | −426 318 | −87 933 | 364 753 |
| Item | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | 10 290 781 | 10 107 055 | 7 979 739 | 7 498 771 | 8 498 558 | 9 019 949 | 12 741 064 | 15 390 842 | 8 338 381 | 9 100 923 | 10 720 990 | 8 059 005 | 10 748 381 | 8 224 752 | 9 390 141 | 15 010 417 | 16 818 301 |
| Equity | 1 264 719 | 1 457 257 | 1 719 816 | 1 950 486 | 2 228 450 | 2 746 237 | 2 320 093 | 1 267 103 | 901 024 | 949 221 | −962 750 | −2 265 503 | 1 303 721 | 537 092 | 110 773 | 22 841 | 387 593 |
| Long-term debt | 345 054 | 521 189 | 0 | 455 418 | 1 026 034 | 1 026 586 | 1 647 776 | 1 721 243 | 728 103 | 619 940 | 247 363 | 131 782 | 93 376 | 50 000 | 50 000 | 0 | 50 000 |
| Short-term debt | 8 661 298 | 8 111 702 | 5 717 184 | 5 077 908 | 5 229 241 | 5 214 077 | 8 772 592 | 12 402 496 | 6 709 254 | 7 531 762 | 11 436 377 | 10 192 727 | 9 351 284 | 7 637 660 | 9 229 368 | 14 937 577 | 16 380 707 |
| Total debt | 9 006 352 | 8 632 891 | 6 259 923 | 5 533 326 | 6 255 275 | 6 240 663 | 10 420 368 | 14 123 739 | 7 437 357 | 8 151 702 | 11 683 740 | 10 324 509 | 9 444 660 | 7 687 660 | 9 279 368 | 14 937 577 | 16 430 707 |
EBITDA margin
-2.9%
This company
15.8%
Market median
-118% vs market
20082024
Equity ratio
2.3%
This company
38.2%
Market median
-94% vs market
20082024
Return on equity
94.1%
This company
18.4%
Market median
+411% vs market
20082024
Net profit margin
3.6%
This company
8.1%
Market median
-56% vs market
20082024
Asset turnover
0.61×
This company
1.12×
Market median
-46% vs market
20082024
Debt / equity
42.39×
This company
0.62×
Market median
-6737% vs market
20082024
- 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
- Annual report 2019Filed via Brønnøysundsregistrene · Period 2019-01-01 – 2019-12-31
- Annual report 2018Filed via Brønnøysundsregistrene · Period 2018-01-01 – 2018-12-31
- Annual report 2017Filed via Brønnøysundsregistrene · Period 2017-01-01 – 2017-12-31
- Annual report 2016Filed via Brønnøysundsregistrene · Period 2016-01-01 – 2016-12-31
- Annual report 2015Filed via Brønnøysundsregistrene · Period 2015-01-01 – 2015-12-31
- Annual report 2014Filed via Brønnøysundsregistrene · Period 2014-01-01 – 2014-12-31
- Annual report 2013Filed via Brønnøysundsregistrene · Period 2013-01-01 – 2013-12-31
- Annual report 2012Filed via Brønnøysundsregistrene · Period 2012-01-01 – 2012-12-31
- Annual report 2011Filed via Brønnøysundsregistrene · Period 2011-01-01 – 2011-12-31
- Annual report 2010Filed via Brønnøysundsregistrene · Period 2010-01-01 – 2010-12-31
- Annual report 2009Filed via Brønnøysundsregistrene · Period 2009-01-01 – 2009-12-31
- Annual report 2008Filed via Brønnøysundsregistrene · Period 2008-01-01 – 2008-12-31
| Name | Role | Member since | Age | Other directorships |
|---|---|---|---|---|
OM Deputy Member | Deputy Member | 2023 | — | — |
KP Deputy Member | Deputy Member | 2025 | — | — |
PB Deputy Member | Deputy Member | 2025 | — | — |
KF Deputy Member | Deputy Member | 2023 | — | — |
FK Deputy Member | Deputy Member | 2025 | — | — |
FW Deputy Member | Deputy Member | 2025 | — | — |
AH Deputy Member | Deputy Member | 2025 | — | — |
MS Deputy Member | Deputy Member | 2025 | — | — |
CK Chief Executive Officer | Chief Executive Officer | 2024 | — | — |
MH Deputy Member | Deputy Member | 2025 | — | — |
RP Deputy Member | Deputy Member | 2025 | — | — |
| Name | Role | Member since | Age | Other directorships |
|---|---|---|---|---|
| Board of Directors | 2023 | — | — | |
| Board of Directors | 2025 | — | — | |
| Board of Directors | 2023 | — | — | |
| Board of Directors | 2025 | — | — | |
| Board of Directors | 2023 | — | — | |
| Board of Directors | 2025 | — | — | |
| Board of Directors | 2023 | — | — | |
| Board of Directors | 2025 | — | — | |
| Chairman | 2023 | — | — | |
| Board of Directors | 2023 | — | — | |
| Board of Directors | 2025 | — | — | |
| Board of Directors | 2023 | — | — | |
| Board of Directors | 2023 | — | — | |
| Board of Directors | 2025 | — | — | |
| Board of Directors | 2021 | — | — | |
| Board of Directors | 2023 | — | — |
| Shareholder | Type | Ownership | Votes | Since |
|---|---|---|---|---|
Stx Osv Holdings Ltd | Company | 100.0% | 100.0% | 2023 |
Vard Holdings Ltd | Company | 100.0% | 100.0% | 2024 |
Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive. Learn more.
VARD GROUP AS (this company)
ISLAND DILIGENCE ASBoard members of VARD GROUP AS also hold positions in 0 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Odd Magne Haugli | Deputy Member | 0 companies |
| Kathrine Pernille Beite | Deputy Member | 0 companies |
| Pål Brastad | Deputy Member | 0 companies |
| Kristin Frøynes Devold | Deputy Member | 0 companies |
| Fredrik Klokk Løken | Deputy Member | 0 companies |
| Francisco Wilson Da Silva Lima | Deputy Member | 0 companies |
| Alexandra Hurlen Gansmoe | Deputy Member | 0 companies |
| Mattis Szabo | Deputy Member | 0 companies |
| Cathrine Kristiseter Marti | Chief Executive Officer | 0 companies |
| Malin Hjelle Andersen | Deputy Member | 0 companies |
| Rune Petter Torsvik | Deputy Member | 0 companies |
| Arne Otto Rogne | Board of Directors | 0 companies |
| Lorenza Pigozzi | Board of Directors | 0 companies |
| Luigi Matarazzo | Board of Directors | 0 companies |
| Anne-Beate Våge Reite | Board of Directors | 0 companies |
| Giuseppe Coronella | Board of Directors | 0 companies |
| Elisa Olivier | Board of Directors | 0 companies |
| Andrea Qualizza | Board of Directors | 0 companies |
| Tore Sunde | Board of Directors | 0 companies |
| Alberto Maestrini | Chairman | 0 companies |
| Henning Karleif Øye | Board of Directors | 0 companies |
| Jørn Inge Hestnes | Board of Directors | 0 companies |
| Kjell Halle | Board of Directors | 0 companies |
| Ravinthrakumar Suntharalingam | Board of Directors | 0 companies |
| Claudio Cisilino | Board of Directors | 0 companies |
| Fredrik Mordal Hessen | Board of Directors | 0 companies |
| Attilio Dapelo | Board of Directors | 0 companies |