CELLTECH AS
Score · fiscal year 2025
46of 100
How to read this: the company is ahead of 41 % of companies in the Morning class Medium in the same sector in 2025. What does this mean?
Rank in the Morning class Medium: 2,194 of 3,712 · What are Morning company classes?
Place in the whole sector: 13,664 of 23,059 · Handel
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 62 and solidity 44 out of 100 among companies in the Morning class Medium in the same sector in 2025. Methodology
Against the sector
CELLTECH AS is 4 points below the median for companies in the Morning class Medium in the same sector in 2025.
Median score 50 among 3,712 companies.
Against companies in the Morning class Medium in the same sector in 2025: operating margin 4.6% (median 3.0%) and equity ratio 27.0% (median 30.0%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 60 MNOK | 93 MNOK |
| Operating margin | 4.6% | 3.0% |
| Profit margin | 4.7% | 2.8% |
| Return on assets | 14.3% | 11.6% |
| Equity ratio | 27.0% | 30.0% |
| Debt-to-equity | 2.70 | 2.24 |
| Current ratio | 1.36 | 1.39 |
| Revenue growth | −10.0% | 6.1% |
| Revenue per employee | 4.32 MNOK | 5.07 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 46, CELLTECH AS does better than 41% of companies in the Morning class Medium in the same sector (3,712 companies) in 2025.
Score 2023–2025
- CELLTECH AS
- Median: companies in the Morning class Medium in the same sector
CELLTECH AS has a score of 46 for 2025, rank 13,664 of 23,059 in the sector.
Strongest: Profitability: percentile 62 against peers, operating margin 4.6% against a median of 3.0%.
Weakest: Growth: percentile 10 against peers, revenue growth −10.0% against a median of 6.1%.
Worth a closer look
- 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
CELLTECH AS had an operating margin of 4.6% and an equity ratio of 27.0% in 2025, and ranks 13,664 of 23,059 in Handel.
From 2024 to 2025: revenue fell by 10%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 6 MNOK and 23 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 22 MNOK |
| EV/EBIT | 8.0 | 23 MNOK |
| P/B | 1.0 | 6 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 2.2% 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 1.5%. Based on the 11 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 | 44 | weight 25% |
| Liquidity | 47 | weight 15% |
| Growth | 10 | weight 15% |
| Consistency | 48 | weight 15% |
Durability: 52 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is CELLTECH AS?
The operating margin was 4.6% in 2025, against a median of 3.0% among companies in the Morning class Medium in the same sector. Return on assets was 14.3%.
How solid is CELLTECH AS?
The equity ratio was 27.0% in 2025 (median 30.0%). Debt-to-equity was 2.70 (median 2.24).
What is the liquidity of CELLTECH AS like?
The current ratio was 1.36 in 2025 (median 1.39).
How does CELLTECH AS compare in Handel?
CELLTECH AS ranks 13,664 of 23,059 in Handel for 2025. Among companies in the Morning class Medium it is number 2,194 of 3,712. Revenue changed by −10.0% from the year before.
Public contracts
- Contracts awarded since 2024
- 3
- in 2 notices (lots counted separately)
- Total awarded value since 2024
- value not stated
- 1 contracts without a stated value are not in the total.
- Framework agreements
- 2
- Left out of the total: the value is a ceiling, not actual spend.
| Date | Buyer | Notice | Value |
|---|---|---|---|
| 27 January 2026 | SYKEHUSINNKJØP HF | Kontraktstildeling: Ny utlysning: Service på avbruddsfrie strømforsyninger til Helse Bergen HF og Helse Fonna HF (Vertiv - UPS) | 2.8 MNOK (framework) (2 lots) |
| 7 April 2025 | NTNU | Serviceavtale – UPS – avbruddsfri strømforsyning | value not stated |
| 7 November 2019 | Forsvaret v/Forsvarets logistikkorganisasjon | Rammeavtale om reservedeler til PE-150 | 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.
- 916201796
- Legal form
- AS
- Sector
- Handel (46.640)
- Morning company class
- Medium
- Employees
- 14 registered 10 October 2026
- Founded
- 3 January 1959 67 years in operation
- Share capital
- 0.45 MNOK
- Business address
- Bjørnerudveien 12C, 1266 OSLO
- Municipality
- Oslo rank 63–220 of 357 in Norway
- Latest accounts filed
- 2025
- LEI
- 549300CH37BST74K5E12 not renewed (lapsed)
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
- Halvor Moe Bjørnstad
- Chair of the board
- Kim Kristian Nikitin
- Board member
- Halvor Moe Bjørnstad
- Auditor
- DELOITTE AS
- Accountant
- CEDRA NORGE AS
- Accountant
- LANGSETH SERVICES AS
Source: Central Coordinating Register, fetched 29 October 2026. Only names are shown.
- Parent company
- Parent does not consolidate the company
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 29 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 | 54 | 57 | 46 | |
| Rank | 9,333 | 8,208 | 13,664 | |
| Operating margin | 11.2% | 4.2% | 4.6% | |
| Return on assets | 35.1% | 15.0% | 14.3% | |
| Equity ratio | 24.4% | 25.1% | 27.0% | |
| Current ratio | 1.29 | 1.31 | 1.36 | |
| Revenue growth | – | 47.8% | −10.0% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 45.4 MNOK | 67.2 MNOK | 60.4 MNOK |
| Operating profit | 5.1 MNOK | 2.8 MNOK | 2.8 MNOK |
| Profit before tax | 5.2 MNOK | 2.9 MNOK | 2.9 MNOK |
| Net profit | 4.1 MNOK | 2.2 MNOK | 2.2 MNOK |
| Financial expenses | 0.4 MNOK | 0.5 MNOK | 0.4 MNOK |
| Total assets | 16.2 MNOK | 22.8 MNOK | 22.5 MNOK |
| Current assets | 15.8 MNOK | 22.4 MNOK | 22.3 MNOK |
| Equity | 3.9 MNOK | 5.7 MNOK | 6.1 MNOK |
| Retained earnings | 3.5 MNOK | 5.3 MNOK | 5.6 MNOK |
| Total liabilities | 12.2 MNOK | 17.1 MNOK | 16.4 MNOK |
| Current liabilities | 12.2 MNOK | 17.1 MNOK | 16.4 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6333119.
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