AS GLEA
Score · fiscal year 2024
48of 100
How to read this: the company is ahead of 46 % of companies in the Morning class Medium in the same sector in 2024. What does this mean?
Rank in the Morning class Medium: 245 of 451 · What are Morning company classes?
Place in the whole sector: 1,099 of 2,010 · Sjømat
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 45 and solidity 52 out of 100 among companies in the Morning class Medium in the same sector in 2024. Methodology
Against the sector
AS GLEA is 3 points below the median for companies in the Morning class Medium in the same sector in 2024.
Median score 51 among 451 companies.
Against companies in the Morning class Medium in the same sector in 2024: operating margin 7.8% (median 11.6%) and equity ratio 36.8% (median 34.9%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 89 MNOK | 110 MNOK |
| Operating margin | 7.8% | 11.6% |
| Profit margin | 4.8% | 7.3% |
| Return on assets | 8.6% | 8.6% |
| Equity ratio | 36.8% | 34.9% |
| Debt-to-equity | 1.72 | 1.78 |
| Current ratio | 1.06 | 1.73 |
| Revenue growth | 14.0% | 6.9% |
| Revenue per employee | 7.38 MNOK | 5.17 MNOK |
The median and “ahead of” refer to companies in the Morning class Medium in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
With an index of 48, AS GLEA does better than 46% of companies in the Morning class Medium in the same sector (451 companies) in 2024.
Score 2023–2025
- AS GLEA
- Median: companies in the Morning class Medium in the same sector
What the numbers say
AS GLEA had an operating margin of 7.8% and an equity ratio of 36.8% in 2024, and ranks 1,099 of 2,010 in Sjømat.
From 2023 to 2024: the operating margin fell from 16.2% to 7.8% and revenue grew by 14%.
This text is generated automatically from the 2024 accounts.
Three simple methods
The methods give between 26 MNOK and 35 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 33 MNOK |
| EV/EBIT | 8.0 | 26 MNOK |
| P/B | 1.0 | 35 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 6.7% 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
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 −0.5%. 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 | 45 | weight 30% |
|---|---|---|
| Solidity | 52 | weight 25% |
| Liquidity | 28 | weight 15% |
| Growth | 62 | weight 15% |
| Consistency | 52 | weight 15% |
Durability: 55 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is AS GLEA?
The operating margin was 7.8% in 2024, against a median of 11.6% among companies in the Morning class Medium in the same sector. Return on assets was 8.6%.
How solid is AS GLEA?
The equity ratio was 36.8% in 2024 (median 34.9%). Debt-to-equity was 1.72 (median 1.78).
What is the liquidity of AS GLEA like?
The current ratio was 1.06 in 2024 (median 1.73).
How does AS GLEA compare in Sjømat?
AS GLEA ranks 1,099 of 2,010 in Sjømat for 2024. Among companies in the Morning class Medium it is number 245 of 451. Revenue changed by 14.0% from the year before.
From the Central Coordinating Register
- Org. no.
- 912009181
- Legal form
- AS
- Sector
- Sjømat (10.201)
- Morning company class
- Medium
- Employees
- 12 registered 10 September 2026
- Founded
- 15 November 1936 89 years in operation
- Share capital
- 0.58 MNOK
- Business address
- Glea, 8064 RØST
- Municipality
- Røst rank 4 of 8 in KOSTRA group 16
- Latest accounts filed
- 2025
- Website
- glea.no
- LEI
- 549300URPU7EVY2PAP09 renews 15 December 2026
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
- Tore Ivar Johansen
- Chair of the board
- Geir Børre Johansen
- Board member
- Rune Simon Stokvold
- Board member
- Tore Ivar Johansen
- Board member
- Ståle Rune Fagervik
- Auditor
- CEDRA NORGE AS
- Accountant
- ØKORÅD SALTEN AS
Source: Central Coordinating Register, fetched 29 October 2026. Only names are shown.
- Parent company
- Parent not reported
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 26 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 63 | 48 | 57 | |
| Rank | 579 | 1,099 | 752 | |
| Operating margin | 16.2% | 7.8% | 10.2% | |
| Return on assets | 17.6% | 8.6% | 10.4% | |
| Equity ratio | 42.5% | 36.8% | 48.1% | |
| Current ratio | 1.43 | 1.06 | 1.00 | |
| Revenue growth | – | 14.0% | 31.5% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 77.7 MNOK | 88.6 MNOK | 116.5 MNOK |
| Operating profit | 12.6 MNOK | 6.9 MNOK | 11.9 MNOK |
| Profit before tax | 4.3 MNOK | 4.2 MNOK | 9.2 MNOK |
| Net profit | 2.6 MNOK | 3.3 MNOK | 7.2 MNOK |
| Financial expenses | 9.5 MNOK | 4.1 MNOK | – |
| Total assets | 78.0 MNOK | 96.5 MNOK | 88.8 MNOK |
| Current assets | 30.0 MNOK | 34.0 MNOK | 18.7 MNOK |
| Equity | 33.2 MNOK | 35.5 MNOK | 42.7 MNOK |
| Retained earnings | 28.5 MNOK | 30.8 MNOK | 38.0 MNOK |
| Total liabilities | 44.8 MNOK | 61.0 MNOK | 46.1 MNOK |
| Current liabilities | 21.0 MNOK | 32.1 MNOK | 18.7 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6188565.
Further
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