Riskpilot← Back to searchSign inGet full accessWASHINGTON MILLS AS
ASActiveOrg 990022585Sjøbuvegen 6, 7300 OrkangerManufacture of other inorganic basic chemicals · NACE 2013Est. 2006131 employeeswww.washingtonmills.no
Revenue 2024
NOK 876,3M
-8% vs 2023
EBITDA margin
12.9%
-52% vs 2023
Equity ratio
49.9%
Financial strength
Net profit 2024
NOK 36,5M
-78% vs 2023
| Revenue | NOK 876,3M | -8% |
| EBITDA | NOK 112,8M | -52% |
| Net profit | NOK 36,5M | -78% |
| Total assets | NOK 1,1B | +7% |
| Equity | NOK 564,7M | +7% |
| Employees | 131 | — |
Legal name
WASHINGTON MILLS AS
Org number
990022585
Legal form
Aksjeselskap
NACE code
2013 · Manufacture of other inorganic basic chemicals
Founded
14. juli 2006
Share capital
NOK 10 000 000
Employees
131 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
To styremedlemmer i fellesskap. Styrets leder og ett styremedlem i fellesskap.
Company purpose
Produksjon og handel med silisiumkarbid og annen virksomhet i forbindelse med dette, herunder deltakelse i andre foretak med samme eller lignende virksomhet.
Address
Sjøbuvegen 6, 7300 Orkanger
Website
www.washingtonmills.no
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 | 324 513 | 484 727 | 763 920 | 949 192 | 876 295 |
| Staff expenses | −76 535 | −87 328 | −116 343 | −151 989 | −155 328 |
| EBITDA | 12 187 | 58 579 | 172 488 | 233 268 | 112 802 |
| Depreciation & amort. | −15 080 | −12 730 | −18 271 | −27 942 | −30 267 |
| EBIT | −2 893 | 45 849 | 154 217 | 205 326 | 82 535 |
| Net financials | 9 766 | 3 922 | 401 | 3 948 | −35 638 |
| Profit before tax | 6 873 | 49 771 | 154 618 | 209 274 | 46 897 |
| Tax | 1 290 | 11 001 | 34 044 | 46 093 | 10 427 |
| Net profit | 5 583 | 38 770 | 120 574 | 163 181 | 36 470 |
| Item | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Total assets | 351 572 | 442 776 | 733 948 | 1 062 496 | 1 131 822 |
| Equity | 205 826 | 244 597 | 365 171 | 528 255 | 564 725 |
| Long-term debt | 31 675 | 84 686 | 138 139 | 160 857 | 179 166 |
| Short-term debt | 87 606 | 89 361 | 230 638 | 325 931 | 343 797 |
| Total debt | 119 281 | 174 047 | 368 777 | 486 788 | 522 963 |
EBITDA margin
12.9%
This company
15.8%
Market median
-18% vs market
20202024
Equity ratio
49.9%
This company
38.2%
Market median
+31% vs market
20202024
Return on equity
6.5%
This company
18.4%
Market median
-65% vs market
20202024
Net profit margin
4.2%
This company
8.1%
Market median
-48% vs market
20202024
Asset turnover
0.77×
This company
1.12×
Market median
-31% vs market
20202024
Debt / equity
1.00×
This company
0.62×
Market median
-61% 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 (3) | ||
LM Deputy Member | Deputy Member | 2024 |
BS Chief Executive Officer | Chief Executive Officer | 2022 |
SI Deputy Member | Deputy Member | 2022 |
| Former (2) | ||
OJ Chief Executive Officer | Chief Executive Officer | 2006 – 2022 |
PS Deputy Member | Deputy Member | 2022 – 2024 |
| Name | Role | Member since |
|---|---|---|
| Current (5) | ||
| Board of Directors | 2022 | |
| Chairman | 2025 | |
| Board of Directors | 2022 | |
| Board of Directors | 2022 | |
| Board of Directors | 2024 | |
| Former (2) | ||
| Chairman | 2022 – 2025 | |
| Board of Directors | 2020 – 2022 | |
| Shareholder | Type | Ownership | Votes | Since |
|---|---|---|---|---|
Washington Mills Company Inc. | 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 WASHINGTON MILLS AS also hold positions in 0 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Liv Merethe Volden | Deputy Member | 0 companies |
| Bård Smehagen | Chief Executive Officer | 0 companies |
| Ole Johan Svorkdal | Chief Executive Officer | 0 companies |
| Petter Sognli Togstad | Deputy Member | 0 companies |
| Svein Inge Størseth | Deputy Member | 0 companies |
| Peter Howard Williams | Chairman | 0 companies |
| Jan Haugen | Board of Directors | 0 companies |
| Anne Louise Jennifer Williams | Chairman | 0 companies |
| Kai Thøgersen | Board of Directors | 0 companies |
| Hallvard Erlandsen | Board of Directors | 0 companies |
| Alden Francis Leo Harris Ii | Board of Directors | 0 companies |
| Atle Mellingsæter | Board of Directors | 0 companies |