Glamox AS
Score · fiscal year 2025
41of 100
How to read this: the company is ahead of 31 % of companies in the Morning class Large in the same sector in 2025. What does this mean?
Rank in the Morning class Large: 217 of 312 · What are Morning company classes?
Place in the whole sector: 1,643 of 2,392 · Industri
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 73 and solidity 27 out of 100 among companies in the Morning class Large in the same sector in 2025. Methodology
Against the sector
Glamox AS is 8 points below the median for companies in the Morning class Large in the same sector in 2025.
Median score 49 among 312 companies.
Against companies in the Morning class Large in the same sector in 2025: operating margin 11.6% (median 6.3%) and equity ratio 22.1% (median 33.3%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 2,298 MNOK | 1,147 MNOK |
| Operating margin | 11.6% | 6.3% |
| Profit margin | 13.5% | 6.5% |
| Return on assets | 16.6% | 11.5% |
| Equity ratio | 22.1% | 33.3% |
| Debt-to-equity | 3.53 | 1.94 |
| Current ratio | 0.64 | 1.31 |
| Revenue growth | −0.6% | 7.2% |
| Revenue per employee | 4.75 MNOK | 6.01 MNOK |
The median and “ahead of” refer to companies in the Morning class Large in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 41, Glamox AS does better than 31% of companies in the Morning class Large in the same sector (312 companies) in 2025.
Score 2023–2025
- Glamox AS
- Median: companies in the Morning class Large in the same sector
Glamox AS has a score of 41 for 2025, rank 1,643 of 2,392 in the sector.
Strongest: Profitability: percentile 73 against peers, operating margin 11.6% against a median of 6.3%.
Weakest: Liquidity: percentile 4 against peers, current ratio 0.64 against a median of 1.31. Growth: percentile 26 against peers, revenue growth −0.6% against a median of 7.2%.
Worth a closer look
- Consider strengthening liquidity: current liabilities are 1.6 times current assets. Based on: current ratio 0.64 (median 1.31).
- What lies behind weak growth, and will it last?
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
Glamox AS had an operating margin of 11.6% and an equity ratio of 22.1% in 2025, and ranks 1,643 of 2,392 in Industri.
From 2024 to 2025: the operating margin rose from 9.4% to 11.6%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 678 MNOK and 2,665 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 2,665 MNOK |
| EV/EBIT | 8.0 | 2,459 MNOK |
| P/B | 1.0 | 678 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 1.6 times current assets.
Based on: Current ratio 0.64 (median 1.31).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 8.4% 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 −0.8%. Based on the 10 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 73 | weight 30% |
|---|---|---|
| Solidity | 27 | weight 25% |
| Liquidity | 4 | weight 15% |
| Growth | 26 | weight 15% |
| Consistency | 55 | weight 15% |
Durability: 48 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Glamox AS?
The operating margin was 11.6% in 2025, against a median of 6.3% among companies in the Morning class Large in the same sector. Return on assets was 16.6%.
How solid is Glamox AS?
The equity ratio was 22.1% in 2025 (median 33.3%). Debt-to-equity was 3.53 (median 1.94).
What is the liquidity of Glamox AS like?
The current ratio was 0.64 in 2025 (median 1.31). Current assets did not cover current liabilities.
How does Glamox AS compare in Industri?
Glamox AS ranks 1,643 of 2,392 in Industri for 2025. Among companies in the Morning class Large it is number 217 of 312. Revenue changed by −0.6% from the year before.
Group accounts · 2025
44 of 100
Rank 26 of 39 groups in the Morning class Large in Industri. Groups are ranked only against other groups in the same sector and class, never against single companies.
- Operating revenue, group
- 4,447 MNOK
- Operating profit, group
- 556 MNOK
- Profit before tax, group
- 426 MNOK
- Total assets, group
- 3,281 MNOK
- Equity, group
- 917 MNOK
| Key figure | The group | The company alone (2025) |
|---|---|---|
| Operating margin | 12.5% | 11.6% |
| Return on assets | 18.5% | 16.6% |
| Equity ratio | 28.0% | 22.1% |
| Current ratio | 1.04 | 0.64 |
| Revenue growth | −0.9% | −0.6% |
Group index in earlier years: 2023: 52 (20 of 39), 2024: 58 (12 of 39).
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).
Read the figures with care: a company in a group can look strong because of group contributions, or weak because dividends go up to the parent. The figures are indications, not the full picture.
We do not show the group structure, because open data does not say who owns whom.
Public contracts
- Contracts awarded since 2024
- 1
- Total awarded value since 2024
- value not stated
- Framework agreements
- 1
- Left out of the total: the value is a ceiling, not actual spend.
| Date | Buyer | Notice | Value |
|---|---|---|---|
| 8 May 2025 | KYSTVERKET | Kontraktstildeling rammeavtale på Led belysning | 10.0 MNOK (framework) |
| 22 September 2020 | Sametinget | Utskifting av lysanlegg Sametinget - 2.gangs utlysning | 0.9 MNOK |
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.
- 912007782
- Legal form
- AS · part of a group
- Sector
- Industri (27.400)
- Morning company class
- Large
- Employees
- 484 registered 10 October 2026
- Founded
- 16 October 1951 75 years in operation
- Share capital
- 65.99 MNOK
- Business address
- Birger Hatlebakks veg 15, 6415 MOLDE
- Municipality
- Molde rank 1–8 of 13 in KOSTRA group 10
- Latest accounts filed
- 2025
- LEI
- 635400T7NGIJLKUTWE52 renews 25 October 2027
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
- Astrid Benedikte Simonsen Joos
- Chair of the board
- Esko Mikael Aro
- Board member
- Espen Ytterstad
- Board member
- Arild Nysæther
- Board member
- Lars Ivar Røiri
- Board member
- Sigmund Monrad Johansen
- Board member
- Joachim Solbakken Espen
- Board member
- Henny Oddrun Sandblåst Eidem
- Board member
- Hanna-Maria Heikkinen
- Board member
- Helene Anna Rasmusson Egebøl
- Board member
- Daniela-Luminita Pandrea
- Deputy member
- Cato Knudsen
- Deputy member
- Trond Skalstad Pedersen
- Deputy member
- Hanne Lene Flåhammer
- Deputy member
- Håkon Raanes
- Deputy member
- Tuva Natland-Vik
- Deputy member
- Ruth Holm Hauksdottir
- Auditor
- KPMG AS
Source: Central Coordinating Register, fetched 31 October 2026. Only names are shown.
- Parent company
- No parent company: owned by persons
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 30 October 2026. The parent is the one the company itself reported to GLEIF.
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 30 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 55 | 49 | 41 | |
| Rank | 997 | 1,275 | 1,643 | |
| Operating margin | 10.8% | 9.4% | 11.6% | |
| Return on assets | 18.2% | 14.9% | 16.6% | |
| Equity ratio | 25.3% | 21.2% | 22.1% | |
| Current ratio | 1.35 | 1.21 | 0.64 | |
| Revenue growth | – | 11.9% | −0.6% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 2,066.1 MNOK | 2,312.2 MNOK | 2,297.7 MNOK |
| Operating profit | 222.1 MNOK | 218.2 MNOK | 266.5 MNOK |
| Profit before tax | 193.9 MNOK | 250.5 MNOK | 309.7 MNOK |
| Net profit | 176.3 MNOK | 226.1 MNOK | 266.5 MNOK |
| Financial expenses | 280.5 MNOK | 215.9 MNOK | 200.3 MNOK |
| Total assets | 2,601.3 MNOK | 3,123.2 MNOK | 3,070.4 MNOK |
| Current assets | 1,045.1 MNOK | 1,461.0 MNOK | 1,516.2 MNOK |
| Equity | 658.9 MNOK | 661.5 MNOK | 677.7 MNOK |
| Retained earnings | 565.7 MNOK | 568.3 MNOK | 584.4 MNOK |
| Total liabilities | 1,942.4 MNOK | 2,461.7 MNOK | 2,392.7 MNOK |
| Current liabilities | 773.3 MNOK | 1,211.9 MNOK | 2,369.3 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 30 October 2026, accounts id 7079777.
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