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Møre Electric Group AS
AS
Active
Org 982457602
Naustvegen 10, 6230
Sykkylven
Manufacture of electric motors, generators and transformers
·
NACE 2711
Est. 2000 · 25 years old
1 employees
Monitor
Share
Norway
/
Companies
/
Manufacture of electric motors, generators and transformers
/
Møre Electric Group AS
Overview
Financials
People & ownership
Related companies
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Financials
Revenue
NOK millions
9M
7M
4M
2M
0M
2021: 6M
6M
2021
2022: 3M (-50% vs 2021)
3M
-50%
2022
2023: 5M (+67% vs 2022)
5M
+67%
2023
2024: 6M (+20% vs 2023)
6M
+20%
2024
2025: 7M (+17% vs 2024)
7M
+17%
2025
EBITDA
NOK millions
2M
1M
-1M
-2M
-3M
2021: 1M
1M
2021
2022: -2M (-300% vs 2021)
-2M
-300%
2022
2023: 1M (+150% vs 2022)
1M
+150%
2023
2024: 1M (0% vs 2023)
1M
0%
2024
2025: 1M (0% vs 2024)
1M
0%
2025
Income statement
NOK thousands
Item
2025
2024
2023
2022
2021
Revenue
6 700
6 012
4 640
2 797
6 253
Staff expenses
−1 130
−1 106
−1 237
−1 794
−1 846
EBITDA
557
814
549
−1 706
873
Depreciation & amort.
−177
−534
−1 386
−776
−348
EBIT
380
280
−838
−2 482
525
Net financials
33 210
70 047
75 677
17 373
15 043
Profit before tax
33 589
70 327
74 839
14 891
15 568
Tax
131
72
−35
−24
121
Net profit
33 458
70 255
74 874
14 915
15 447
Balance sheet
NOK thousands
Item
2025
2024
2023
2022
2021
Total assets
99 933
141 482
145 040
81 213
62 581
Equity
52 867
52 409
52 154
47 280
46 365
Long-term debt
13 545
17 277
21 080
19 478
47
Short-term debt
33 521
71 796
71 806
14 455
16 169
Total debt
47 065
89 073
92 886
33 933
16 216
Financial ratios
5-year trend
EBITDA margin
8,3 %
This company
15,8 %
Market median
This company
Market median
47% below market
2021
2025
Equity ratio
52,9 %
This company
38,2 %
Market median
This company
Market median
38% above market
2021
2025
Return on equity
63,3 %
This company
18,4 %
Market median
This company
Market median
244% above market
2021
2025
Net profit margin
499,4 %
This company
8,1 %
Market median
This company
Market median
>999% above market
2021
2025
Asset turnover
0,07×
This company
1,12×
Market median
This company
Market median
94% below market
2021
2025
Debt / equity
0,89×
This company
0,62×
Market median
This company
Market median
44% 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 Møre Electric Group AS
Overview →
Headline figures, risk assessment and company summary
People & ownership →
Management, board and shareholder breakdown
Related companies →
Corporate hierarchy, parent and subsidiary network
