ETNA NETT AS
Score · fiscal year 2024
56of 100
How to read this: the company is ahead of 66 % of medium-sized companies in the same sector in 2024. What does this mean?
Rank: 523 of 1,488 · Kraft og energi
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 62 and solidity 65 out of 100 among medium-sized companies in the same sector in 2024. Methodology
Against the sector
ETNA NETT AS is 6 points above the median for medium-sized companies in the same sector in 2024.
Median score 50 among 191 companies.
Against medium-sized companies in the same sector in 2024: operating margin 21.7% (median 15.9%) and equity ratio 54.0% (median 43.0%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 127 MNOK | 202 MNOK |
| Operating margin | 21.7% | 15.9% |
| Profit margin | 17.3% | 13.3% |
| Return on assets | 6.8% | 5.6% |
| Equity ratio | 54.0% | 43.0% |
| Debt-to-equity | 0.85 | 1.25 |
| Current ratio | 0.56 | 1.24 |
| Revenue growth | 0.2% | −8.3% |
| Revenue per employee | 4.38 MNOK | 6.99 MNOK |
The median and “ahead of” refer to medium-sized companies in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
With an index of 56, ETNA NETT AS does better than 66% of medium-sized companies in the same sector (191 companies) in 2024.
Score 2023–2025
- ETNA NETT AS
- Median: medium-sized companies in the same sector
What the numbers say
ETNA NETT AS had an operating margin of 21.7% and an equity ratio of 54.0% in 2024, and ranks 523 of 1,488 in Kraft og energi.
From 2023 to 2024: the operating margin fell from 30.1% to 21.7%.
ETNA NETT AS did better than the sector in 2025, the sector's weakest year.
This text is generated automatically from the 2024 accounts.
Three simple methods
The methods give between 97 MNOK and 230 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 171 MNOK |
| EV/EBIT | 8.0 | 97 MNOK |
| P/B | 1.0 | 230 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
- watch
Consider strengthening liquidity: current liabilities are 1.8 times current assets.
Based on: Current ratio 0.56 (median 1.24).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 3.6% of the debt in 2024. The policy rate averaged 4.50 % the same year. This is a plain description of what the debt cost, not a model of interest sensitivity.
Data quality
No anomalies found in the figures.
Scenario analysis: the sector's weakest year
The operating margin was 24.9% in 2025 (sector median 12.6%), and the equity ratio 55.1%. In the other years the operating margin averaged 25.9%.
The sector's weakest year was 2025, with a median operating margin of 12.6%. 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 | 62 | weight 30% |
|---|---|---|
| Solidity | 65 | weight 25% |
| Liquidity | 21 | weight 15% |
| Growth | 60 | weight 15% |
| Consistency | 58 | weight 15% |
Durability: 58 (average over 2 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 21.7% in 2024, against a median of 15.9% among medium-sized companies in the same sector. Return on assets was 6.8%.
How solid is ETNA NETT AS?
The equity ratio was 54.0% in 2024 (median 43.0%). Debt-to-equity was 0.85 (median 1.25).
What is the liquidity of ETNA NETT AS like?
The current ratio was 0.56 in 2024 (median 1.24). Current assets did not cover current liabilities.
How does ETNA NETT AS compare in Kraft og energi?
ETNA NETT AS ranks 523 of 1,488 in Kraft og energi for 2024. Among companies of the same size (medium-sized companies) it ranks 66 of 191. Revenue changed by 0.2% 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 | 60 | 56 | 56 | |
| Rank | 398 | 523 | 595 | |
| 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 6105079.
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