ETNA NETT AS
Score · fiscal year 2025
55of 100
How to read this: the company is ahead of 61 % of medium-sized companies in the same sector in 2025. What does this mean?
Rank: 410 of 1,107 · Kraft og energi
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 65 and solidity 64 out of 100 among medium-sized companies in the same sector in 2025. Methodology
Against the sector
ETNA NETT AS is 6 points above the median for medium-sized companies in the same sector in 2025.
Median score 49 among 152 companies.
Against medium-sized companies in the same sector in 2025: operating margin 24.9% (median 17.1%) and equity ratio 55.1% (median 41.1%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 135 MNOK | 198 MNOK |
| Operating margin | 24.9% | 17.1% |
| Profit margin | 20.1% | 13.9% |
| Return on assets | 7.5% | 5.3% |
| Equity ratio | 55.1% | 41.1% |
| Debt-to-equity | 0.81 | 1.33 |
| Current ratio | 0.49 | 1.25 |
| Revenue growth | 6.3% | 6.2% |
| Revenue per employee | 4.65 MNOK | 5.22 MNOK |
The median and “ahead of” refer to medium-sized companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 55, ETNA NETT AS does better than 61% of medium-sized companies in the same sector (152 companies) in 2025.
Score 2023–2025
- ETNA NETT AS
- Median: medium-sized companies in the same sector
ETNA NETT AS has a score of 55 for 2025, rank 410 of 1,107 in the sector.
Strongest: Profitability: percentile 65 against peers, operating margin 24.9% against a median of 17.1%. Solidity: percentile 64 against peers, equity ratio 55.1% against a median of 41.1%.
Weakest: Liquidity: percentile 17 against peers, current ratio 0.49 against a median of 1.25.
Worth a closer look
- Consider strengthening liquidity: current liabilities are 2.0 times current assets. Based on: current ratio 0.49 (median 1.25).
Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made
What the numbers say
ETNA NETT AS had an operating margin of 24.9% and an equity ratio of 55.1% in 2025, and ranks 410 of 1,107 in Kraft og energi.
From 2024 to 2025: the operating margin rose from 21.7% to 24.9%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 139 MNOK and 254 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 211 MNOK |
| EV/EBIT | 8.0 | 139 MNOK |
| P/B | 1.0 | 254 MNOK |
A mechanical estimate from public accounts, not advice. Mechanical estimate from public accounts with fixed multiples. Not a valuation and not advice to buy or sell. The multiples are provisional default values and must be adjusted per sector before the figures are used for anything. See the calculation
Worth a closer look
- critical
Consider strengthening liquidity: current liabilities are 2.0 times current assets.
Based on: Current ratio 0.49 (median 1.25).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Data quality
No anomalies found in the figures.
Scenario analysis: the sector's weakest year
We have no accounts for 2022, the sector's weakest year, for this company.
The sector's weakest year was 2022, with a median operating margin of 0.3%. Based on the 5 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 65 | weight 30% |
|---|---|---|
| Solidity | 64 | weight 25% |
| Liquidity | 17 | weight 15% |
| Growth | 50 | weight 15% |
| Consistency | 63 | weight 15% |
Durability: 57 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is ETNA NETT AS?
The operating margin was 24.9% in 2025, against a median of 17.1% among medium-sized companies in the same sector. Return on assets was 7.5%.
How solid is ETNA NETT AS?
The equity ratio was 55.1% in 2025 (median 41.1%). Debt-to-equity was 0.81 (median 1.33).
What is the liquidity of ETNA NETT AS like?
The current ratio was 0.49 in 2025 (median 1.25). Current assets did not cover current liabilities.
How does ETNA NETT AS compare in Kraft og energi?
ETNA NETT AS ranks 410 of 1,107 in Kraft og energi for 2025. Among companies of the same size (medium-sized companies) it ranks 60 of 152. Revenue changed by 6.3% from the year before.
From the Central Coordinating Register
- Org. no.
- 882783022
- Legal form
- AS
- Sector
- Kraft og energi (35.140)
- Size tier
- medium
- Employees
- 29 registered 10 September 2026
- Founded
- 11 December 2000 25 years in operation
- Share capital
- 50.00 MNOK
- Business address
- Vest-Torpvegen 30, 2870 DOKKA (NORDRE LAND)
- Municipality
- Nordre Land rank 27–37 of 40 in KOSTRA group 1
- Latest accounts filed
- 2025
- Website
- www.etna.no
Source: Central Coordinating Register, Brønnøysund Register Centre. The employee count is reported by the company and may be older than the accounts. See the company at the Brønnøysund Register Centre
Ownership and roles
- Chief executive
- Gorm Oddvar Gundersen
- Chair of the board
- Stian Andrè Skåren
- Board member
- Knut Andreas Kind
- Board member
- Kai Tore Solheim
- Board member
- Kristine Bratrud Rudberg
- Deputy member
- Anders Finstuen
- Auditor
- CEDRA NORGE AS
Source: Central Coordinating Register, fetched 25 October 2026. Only names are shown.
Owners and shareholdings will appear here once the shareholder data extract is in place.
Coming · not built yet
Error in the data?
Do you see an error in the figures or in how the company is mapped (sector, holding, group)? Let us know. Corrections require documentation.
Figures last fetched 26 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 61 | 56 | 55 | |
| Rank | 246 | 352 | 410 | |
| Operating margin | 30.1% | 21.7% | 24.9% | |
| Return on assets | 10.0% | 6.8% | 7.5% | |
| Equity ratio | 55.3% | 54.0% | 55.1% | |
| Current ratio | 0.80 | 0.56 | 0.49 | |
| Revenue growth | – | 0.2% | 6.3% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 126.7 MNOK | 126.9 MNOK | 134.9 MNOK |
| Operating profit | 38.2 MNOK | 27.5 MNOK | 33.6 MNOK |
| Profit before tax | 31.9 MNOK | 22.0 MNOK | 27.1 MNOK |
| Net profit | 24.9 MNOK | 17.1 MNOK | 21.1 MNOK |
| Financial expenses | 6.5 MNOK | 7.0 MNOK | 7.6 MNOK |
| Total assets | 384.1 MNOK | 425.5 MNOK | 461.2 MNOK |
| Current assets | 42.0 MNOK | 40.3 MNOK | 37.8 MNOK |
| Equity | 212.6 MNOK | 229.7 MNOK | 254.3 MNOK |
| Retained earnings | 86.6 MNOK | 103.7 MNOK | 124.9 MNOK |
| Total liabilities | 171.5 MNOK | 195.8 MNOK | 206.9 MNOK |
| Current liabilities | 52.3 MNOK | 71.9 MNOK | 76.5 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6990124.
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