Ringnes AS
Score · fiscal year 2025
49of 100
How to read this: the company is ahead of 49 % of companies in the Morning class Large in the same sector in 2025. What does this mean?
Rank in the Morning class Large: 161 of 315 · What are Morning company classes?
Place in the whole sector: 2,132 of 3,929 · Industri
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 85 and solidity 14 out of 100 among companies in the Morning class Large in the same sector in 2025. Methodology
Against the sector
Ringnes AS is at the median for companies in the Morning class Large in the same sector in 2025.
Median score 49 among 315 companies.
Against companies in the Morning class Large in the same sector in 2025: operating margin 12.7% (median 6.2%) and equity ratio 16.1% (median 33.2%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 6,887 MNOK | 1,143 MNOK |
| Operating margin | 12.7% | 6.2% |
| Profit margin | 14.4% | 6.5% |
| Return on assets | 28.3% | 11.6% |
| Equity ratio | 16.1% | 33.2% |
| Debt-to-equity | 5.20 | 1.99 |
| Current ratio | 1.07 | 1.31 |
| Revenue growth | 6.1% | 7.2% |
| Revenue per employee | 21.59 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 49, Ringnes AS does better than 49% of companies in the Morning class Large in the same sector (315 companies) in 2025.
Score 2023–2025
- Ringnes AS
- Median: companies in the Morning class Large in the same sector
Ringnes AS has a score of 49 for 2025, rank 2,132 of 3,929 in the sector.
Strongest: Profitability: percentile 85 against peers, operating margin 12.7% against a median of 6.2%.
Weakest: Solidity: percentile 14 against peers, equity ratio 16.1% against a median of 33.2%. Liquidity: percentile 32 against peers, current ratio 1.07 against a median of 1.31.
Worth a closer look
- What lies behind weak solidity, and will it last?
- What lies behind weak liquidity, 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
Ringnes AS had an operating margin of 12.7% and an equity ratio of 16.1% in 2025, and ranks 2,132 of 3,929 in Industri.
No large changes in the key figures from 2024 to 2025.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 566 MNOK and 7,695 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 7,695 MNOK |
| EV/EBIT | 8.0 | 6,999 MNOK |
| P/B | 1.0 | 566 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 0.4%. 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 | 85 | weight 30% |
|---|---|---|
| Solidity | 14 | weight 25% |
| Liquidity | 32 | weight 15% |
| Growth | 46 | weight 15% |
| Consistency | 54 | 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 Ringnes AS?
The operating margin was 12.7% in 2025, against a median of 6.2% among companies in the Morning class Large in the same sector. Return on assets was 28.3%.
How solid is Ringnes AS?
The equity ratio was 16.1% in 2025 (median 33.2%). Debt-to-equity was 5.20 (median 1.99).
What is the liquidity of Ringnes AS like?
The current ratio was 1.07 in 2025 (median 1.31).
How does Ringnes AS compare in Industri?
Ringnes AS ranks 2,132 of 3,929 in Industri for 2025. Among companies in the Morning class Large it is number 161 of 315. Revenue changed by 6.1% from the year before.
Group accounts
The company is registered as part of a group, but we have no group accounts for it. Group accounts are filed by the parent company, and open data does not say which company that is.
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 |
|---|---|---|---|
| 10 June 2024 | Politiets fellestjenester | Leveranse av mineralvann og alkoholholdige drikkevarer | value not stated |
| 14 October 2019 | Politiets fellestjenester | Anskaffelse av ferskvarer og drikker mm. til kantiner og forpleining i egenregi | 120.0 MNOK (framework) |
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.
- 914670705
- Legal form
- AS · part of a group
- Sector
- Industri (11.050)
- Morning company class
- Large
- Employees
- 319 registered 10 September 2026
- Founded
- 6 June 1918 108 years in operation
- Share capital
- 210.37 MNOK
- Business address
- Thorvald Meyers gate 2, 0555 OSLO
- Municipality
- Oslo rank 63–220 of 357 in Norway
- Latest accounts filed
- 2025
- LEI
- 549300VVUJ67M8IZLO06 renews 23 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
Loading roles …
Source: Central Coordinating Register, fetched 31 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.
Shareholders (2025)
- Number of shareholders
- 1 (one owner)
- Largest owner
- 100.0%
- Split
- companies 100% · private persons 0% · foreign 0%
- Owned from the same municipality
- 100%
- Group chain
-
Owned by: Ringnes Norge AS (100%)
Ultimate owner: Carlsberg Breweries AS
- Ringnes Norge AS · 100.0%
Change 2007–2025: no material change in the owners.
Majority owner of: Ringnes Brygghus AS (100%), AS SOLO (91%)
The portfolio: 5 of the companies it owns shares in have accounts with us, 1 of them as majority owner. The average index is 53. 0 have negative equity and 0 made a loss in the latest year.
Holds shares in: Ringnes Brygghus AS (100%), AS KRISTIANIA BYGGESELSKAP FOR SMAALEILIGHETER (6%), AS SOLO (91%), AS LESJASKOG HANDELSFORENING (2%), Orkla ASA (0%), Vestfold Flyplassinvest AS (0%)
Source: the Norwegian Tax Administration's shareholder register as of 2025. Figures may be older than today's ownership. Private persons are not shown by name.
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 31 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 47 | 48 | 49 | |
| Rank | 2,109 | 2,132 | 2,132 | |
| Operating margin | 13.7% | 11.6% | 12.7% | |
| Return on assets | 26.5% | 26.4% | 28.3% | |
| Equity ratio | 16.9% | 17.3% | 16.1% | |
| Current ratio | 1.09 | 1.08 | 1.07 | |
| Revenue growth | – | 6.9% | 6.1% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 6,068.3 MNOK | 6,487.7 MNOK | 6,886.6 MNOK |
| Operating profit | 830.3 MNOK | 750.4 MNOK | 877.1 MNOK |
| Profit before tax | 925.4 MNOK | 872.5 MNOK | 989.6 MNOK |
| Tax expense | 206.5 MNOK | 195.5 MNOK | 220.0 MNOK |
| Net profit | 718.9 MNOK | 677.0 MNOK | 769.5 MNOK |
| Financial expenses | 11.8 MNOK | 4.6 MNOK | 4.5 MNOK |
| Total assets | 3,532.5 MNOK | 3,324.7 MNOK | 3,508.9 MNOK |
| Current assets | 3,186.7 MNOK | 2,959.4 MNOK | 3,134.2 MNOK |
| Equity | 597.0 MNOK | 574.2 MNOK | 566.0 MNOK |
| Retained earnings | 386.6 MNOK | 363.9 MNOK | 355.6 MNOK |
| Total liabilities | 2,935.5 MNOK | 2,750.5 MNOK | 2,942.9 MNOK |
| Current liabilities | 2,915.2 MNOK | 2,732.1 MNOK | 2,925.1 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 31 October 2026, accounts id 6974266.
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