TINFOS AS
Score · fiscal year 2023
87of 100
How to read this: the company is ahead of 96 % of medium-sized companies in the same sector in 2023. What does this mean?
Rank: 20 of 1,405 · Kraft og energi
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2023, not a verdict on the company. Based on profitability 84 and solidity 80 out of 100 among medium-sized companies in the same sector in 2023. Methodology
Against the sector
TINFOS AS is 39 points above the median for medium-sized companies in the same sector in 2023.
Median score 48 among 182 companies.
Against medium-sized companies in the same sector in 2023: operating margin 53.0% (median 21.0%) and equity ratio 66.7% (median 38.9%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 290 MNOK | 198 MNOK |
| Operating margin | 53.0% | 21.0% |
| Profit margin | 54.1% | 18.9% |
| Return on assets | 23.5% | 7.8% |
| Equity ratio | 66.7% | 38.9% |
| Debt-to-equity | 0.50 | 1.44 |
| Current ratio | 6.28 | 1.22 |
| Revenue growth | – | – |
| Revenue per employee | 9.68 MNOK | 10.35 MNOK |
The median and “ahead of” refer to medium-sized companies in the same sector in 2023. The bar shows the share of companies the figure is ahead of.
With an index of 87, TINFOS AS does better than 96% of medium-sized companies in the same sector (182 companies) in 2023.
Score 2023–2025
- TINFOS AS
- Median: medium-sized companies in the same sector
What the numbers say
TINFOS AS had an operating margin of 53.0% and an equity ratio of 66.7% in 2023, and ranks 20 of 1,405 in Kraft og energi.
TINFOS AS did better than the sector in 2025, the sector's weakest year.
This text is generated automatically from the 2023 accounts.
Three simple methods
The methods give between 446 MNOK and 1,304 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 477 MNOK |
| EV/EBIT | 8.0 | 1,304 MNOK |
| P/B | 1.0 | 446 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
- positive
Upper quartile on profitability, solidity and liquidity. What sets this company apart from the rest of the sector?
Based on: Operating margin 53.0% (median 21.0%); Equity ratio 66.7% (median 38.9%); Current ratio 6.28 (median 1.22).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Data quality
No anomalies found in the figures.
Scenario analysis: the sector's weakest year
The operating margin was 36.1% in 2025 (sector median 12.6%), and the equity ratio 69.6%. In the other years the operating margin averaged 44.8%.
The sector's weakest year was 2025, with a median operating margin of 12.6%. 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 | 84 | weight 30% |
|---|---|---|
| Solidity | 80 | weight 25% |
| Liquidity | 93 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 97 | weight 15% |
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is TINFOS AS?
The operating margin was 53.0% in 2023, against a median of 21.0% among medium-sized companies in the same sector. Return on assets was 23.5%.
How solid is TINFOS AS?
The equity ratio was 66.7% in 2023 (median 38.9%). Debt-to-equity was 0.50 (median 1.44).
What is the liquidity of TINFOS AS like?
The current ratio was 6.28 in 2023 (median 1.22).
How does TINFOS AS compare in Kraft og energi?
TINFOS AS ranks 20 of 1,405 in Kraft og energi for 2023. Among companies of the same size (medium-sized companies) it ranks 8 of 182.
Group accounts · 2025
73 of 100
Rank 85 of 975 groups with group accounts. Groups are ranked only against each other, not against single companies.
| Key figure | The group | The company alone (2023) |
|---|---|---|
| Operating margin | 30.2% | – |
| Return on assets | 15.1% | – |
| Equity ratio | 63.5% | – |
| Current ratio | 4.41 | – |
| Revenue growth | −4.7% | – |
Group index in earlier years: 2023: 75 (162 of 1176), 2024: 71 (136 of 994).
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.
From the Central Coordinating Register
- Org. no.
- 916763476
- Legal form
- AS · part of a group
- Sector
- Kraft og energi (35.121)
- Size tier
- medium
- Employees
- 30 registered 10 October 2026
- Founded
- 28 August 1894 132 years in operation
- Share capital
- 3.09 MNOK
- Business address
- O H Holtas gate 32, 3678 NOTODDEN
- Municipality
- Notodden rank 22–36 of 38 in KOSTRA group 7
- Latest accounts filed
- 2025
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
- Øyvind Frydenberg
- Chair of the board
- Halvor Halvorsøn Holta
- Board member
- Tomas Flåterud
- Board member
- Tor Søve Syverud
- Board member
- Ragnhild Apeland Katteland
- Board member
- Tore Lunde
- Board member
- Anne Kathrine Fløttre Holta
- Board member
- Tina Tønnessen
- Deputy member
- Royer Andreas Hartviksen
- Auditor
- BDO AS
Source: Central Coordinating Register, fetched 25 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 | 87 | 74 | 77 | |
| Rank | 20 | 63 | 54 | |
| Operating margin | 53.0% | 36.6% | 36.1% | |
| Return on assets | 23.5% | 12.7% | 13.6% | |
| Equity ratio | 66.7% | 71.3% | 69.6% | |
| Current ratio | 6.28 | 12.17 | 6.87 | |
| Revenue growth | – | −28.3% | 7.3% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 290.3 MNOK | 208.2 MNOK | 223.3 MNOK |
| Operating profit | 154.0 MNOK | 76.2 MNOK | 80.5 MNOK |
| Profit before tax | 157.2 MNOK | 81.5 MNOK | 92.1 MNOK |
| Net profit | 47.7 MNOK | 16.6 MNOK | 24.0 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total assets | 668.2 MNOK | 640.2 MNOK | 675.4 MNOK |
| Current assets | 461.8 MNOK | 423.4 MNOK | 427.8 MNOK |
| Equity | 445.9 MNOK | 456.7 MNOK | 470.4 MNOK |
| Retained earnings | 442.8 MNOK | 453.6 MNOK | 467.3 MNOK |
| Total liabilities | 222.3 MNOK | 183.5 MNOK | 205.0 MNOK |
| Current liabilities | 73.6 MNOK | 34.8 MNOK | 62.2 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 5102691.
Further
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