Axtech AS
Score · fiscal year 2025
54of 100
How to read this: the company is ahead of 59 % of companies in the Morning class Medium in the same sector in 2025. What does this mean?
Rank in the Morning class Medium: 50 of 121 · What are Morning company classes?
Place in the whole sector: 132 of 320 · Olje og gass
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 54 and solidity 44 out of 100 among companies in the Morning class Medium in the same sector in 2025. Methodology
Against the sector
Axtech AS is 2 points above the median for companies in the Morning class Medium in the same sector in 2025.
Median score 52 among 121 companies.
Against companies in the Morning class Medium in the same sector in 2025: operating margin 6.7% (median 6.0%) and equity ratio 32.4% (median 34.6%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 296 MNOK | 156 MNOK |
| Operating margin | 6.7% | 6.0% |
| Profit margin | 8.6% | 7.2% |
| Return on assets | 13.6% | 11.0% |
| Equity ratio | 32.4% | 34.6% |
| Debt-to-equity | 2.08 | 1.49 |
| Current ratio | 1.29 | 1.26 |
| Revenue growth | 14.3% | 4.6% |
| Revenue per employee | 4.36 MNOK | 3.37 MNOK |
The median and “ahead of” refer to companies in the Morning class Medium in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 54, Axtech AS does better than 59% of companies in the Morning class Medium in the same sector (121 companies) in 2025.
Score 2023–2025
- Axtech AS
- Median: companies in the Morning class Medium in the same sector
Axtech AS has a score of 54 for 2025, rank 132 of 320 in the sector.
Strongest: Growth: percentile 64 against peers, revenue growth 14.3% against a median of 4.6%. Consistency: percentile 63 against peers.
No area is clearly below its peers.
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
Axtech AS had an operating margin of 6.7% and an equity ratio of 32.4% in 2025, and ranks 132 of 320 in Olje og gass.
From 2024 to 2025: the operating margin rose from 0.1% to 6.7% and revenue grew by 14%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 62 MNOK and 263 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 221 MNOK |
| EV/EBIT | 8.0 | 263 MNOK |
| P/B | 1.0 | 62 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
No rules were triggered for this year.
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 0.2% of the debt in 2025. The policy rate averaged 4.30 % the same year. This is a plain description of what the debt cost, not a model of interest sensitivity.
See interest rates, prices and exchange rates for the sector
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 1.6%. 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 | 54 | weight 30% |
|---|---|---|
| Solidity | 44 | weight 25% |
| Liquidity | 51 | weight 15% |
| Growth | 64 | weight 15% |
| Consistency | 63 | weight 15% |
Durability: 45 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Axtech AS?
The operating margin was 6.7% in 2025, against a median of 6.0% among companies in the Morning class Medium in the same sector. Return on assets was 13.6%.
How solid is Axtech AS?
The equity ratio was 32.4% in 2025 (median 34.6%). Debt-to-equity was 2.08 (median 1.49).
What is the liquidity of Axtech AS like?
The current ratio was 1.29 in 2025 (median 1.26).
How does Axtech AS compare in Olje og gass?
Axtech AS ranks 132 of 320 in Olje og gass for 2025. Among companies in the Morning class Medium it is number 50 of 121. Revenue changed by 14.3% from the year before.
Group accounts · 2025
51 of 100
Rank 8 of 14 groups in the Morning class Medium in Olje og gass. Groups are ranked only against other groups in the same sector and class, never against single companies.
- Operating revenue, group
- 298 MNOK
- Operating profit, group
- 20 MNOK
- Profit before tax, group
- 21 MNOK
- Total assets, group
- 212 MNOK
- Equity, group
- 78 MNOK
| Key figure | The group | The company alone (2025) |
|---|---|---|
| Operating margin | 6.7% | 6.7% |
| Return on assets | 10.2% | 13.6% |
| Equity ratio | 36.8% | 32.4% |
| Current ratio | 1.38 | 1.29 |
| Revenue growth | 5.7% | 14.3% |
Group index in earlier years: 2023: 43 (12 of 19), 2024: 30 (10 of 12).
Same formulas and weights as the company index. Group and company are never added together, and the group accounts are not part of sector averages or company rankings.
Source: Brønnøysund Register Centre, group accounts 2025 (open data, NLOD 2.0).
We do not show the group structure, because open data does not say who owns whom.
Public contracts
- Contracts awarded since 2024
- 0
- Total awarded value since 2024
- value not stated
| Date | Buyer | Notice | Value |
|---|---|---|---|
| 22 December 2023 | STATSBYGG | Ocean Space Centre K663-01 Wave absorption system (OB) | value not stated |
Based on notices in Doffin. Does not show call-offs under framework agreements or purchases below the publication threshold. Values are as stated by the buyer.
Source: Doffin (DFØ), fetched 27 October 2026. Winners are matched on organisation number.
Contains data under the Norwegian licence for public data (NLOD 2.0) made available by Doffin/the Norwegian Agency for Public and Financial Management (DFØ). NLOD 2.0
From the Central Coordinating Register
- Org. no.
- 887062552
- Legal form
- AS
- Sector
- Olje og gass (09.109)
- Morning company class
- Medium
- Employees
- 68 registered 10 September 2026
- Founded
- 1 July 2004 22 years in operation
- Share capital
- 0.61 MNOK
- Business address
- Fannestrandvegen 85, 6416 MOLDE
- Municipality
- Molde rank 1–8 of 13 in KOSTRA group 10
- Latest accounts filed
- 2025
- Website
- www.axtech.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
- Richard Myhre
- Chair of the board
- Richard Myhre
- Board member
- Kjell Ødegård
- Board member
- Veronika Male
- Board member
- Anne-Mathilde Wicken
- Board member
- Erik Kros
- Auditor
- BDO AS
Source: Central Coordinating Register, fetched 29 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 | 43 | 38 | 54 | |
| Rank | 205 | 240 | 132 | |
| Operating margin | 0.2% | 0.1% | 6.7% | |
| Return on assets | 1.2% | 0.7% | 13.6% | |
| Equity ratio | 31.0% | 33.9% | 32.4% | |
| Current ratio | 1.23 | 1.25 | 1.29 | |
| Revenue growth | – | −40.6% | 14.3% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 436.7 MNOK | 259.3 MNOK | 296.4 MNOK |
| Operating profit | 0.9 MNOK | 0.4 MNOK | 19.7 MNOK |
| Profit before tax | 1.8 MNOK | 0.7 MNOK | 25.6 MNOK |
| Net profit | 1.4 MNOK | 1.6 MNOK | 22.1 MNOK |
| Financial expenses | 0.1 MNOK | 0.4 MNOK | 0.3 MNOK |
| Total assets | 164.6 MNOK | 149.2 MNOK | 190.0 MNOK |
| Current assets | 137.1 MNOK | 120.3 MNOK | 159.9 MNOK |
| Equity | 51.1 MNOK | 50.7 MNOK | 61.6 MNOK |
| Retained earnings | 50.4 MNOK | 50.0 MNOK | 61.0 MNOK |
| Total liabilities | 113.5 MNOK | 98.6 MNOK | 128.4 MNOK |
| Current liabilities | 111.5 MNOK | 96.6 MNOK | 124.1 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6885424.
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