TIBBER NORGE AS
Score · fiscal year 2024
37of 100
How to read this: the company is ahead of 16 % of large companies in the same sector in 2024. What does this mean?
Rank: 1,093 of 1,488 · Kraft og energi
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 52 and solidity 3 out of 100 among large companies in the same sector in 2024. Methodology
Against the sector
TIBBER NORGE AS is 13 points below the median for large companies in the same sector in 2024.
Median score 50 among 69 companies.
Against large companies in the same sector in 2024: operating margin 2.8% (median 22.2%) and equity ratio 4.7% (median 47.6%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 2,285 MNOK | 2,027 MNOK |
| Operating margin | 2.8% | 22.2% |
| Profit margin | 1.7% | 15.1% |
| Return on assets | 13.3% | 5.3% |
| Equity ratio | 4.7% | 47.6% |
| Debt-to-equity | 20.50 | 1.10 |
| Current ratio | 1.01 | 1.23 |
| Revenue growth | −20.6% | −18.1% |
The median and “ahead of” refer to large companies in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
With an index of 37, TIBBER NORGE AS does better than 16% of large companies in the same sector (69 companies) in 2024.
Score 2023–2025
- TIBBER NORGE AS
- Median: large companies in the same sector
What the numbers say
TIBBER NORGE AS had an operating margin of 2.8% and an equity ratio of 4.7% in 2024, and ranks 1,093 of 1,488 in Kraft og energi.
From 2023 to 2024: revenue fell by 21%.
TIBBER NORGE AS did about the same as the sector in 2025, the sector's weakest year.
This text is generated automatically from the 2024 accounts.
Three simple methods
The methods give between 24 MNOK and 521 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 349 MNOK |
| EV/EBIT | 8.0 | 521 MNOK |
| P/B | 1.0 | 24 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
The equity ratio is very low. Could the company absorb a bad year, and does it need more equity?
Based on: Equity ratio 4.7% (median 47.6%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 6.2% 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
The operating margin was 1.5% in 2025 (sector median 12.6%), and the equity ratio 4.9%. In the other years the operating margin averaged 1.9%.
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 | 52 | weight 30% |
|---|---|---|
| Solidity | 3 | weight 25% |
| Liquidity | 38 | weight 15% |
| Growth | 41 | weight 15% |
| Consistency | 57 | weight 15% |
Durability: 31 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is TIBBER NORGE AS?
The operating margin was 2.8% in 2024, against a median of 22.2% among large companies in the same sector. Return on assets was 13.3%.
How solid is TIBBER NORGE AS?
The equity ratio was 4.7% in 2024 (median 47.6%). Debt-to-equity was 20.50 (median 1.10).
What is the liquidity of TIBBER NORGE AS like?
The current ratio was 1.01 in 2024 (median 1.23).
How does TIBBER NORGE AS compare in Kraft og energi?
TIBBER NORGE AS ranks 1,093 of 1,488 in Kraft og energi for 2024. Among companies of the same size (large companies) it ranks 58 of 69. Revenue changed by −20.6% from the year before.
From the Central Coordinating Register
- Org. no.
- 917245975
- Legal form
- AS
- Sector
- Kraft og energi (35.150)
- Size tier
- large
- Employees
- 0–4 (not registered)
- Founded
- 12 May 2016 10 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Hafstadvegen 38, 6800 FØRDE (SUNNFJORD)
- Municipality
- Sunnfjord rank 5 of 27 in KOSTRA group 9
- Latest accounts filed
- 2025
- Website
- www.tibber.no
- LEI
- 5493001660A6ZTABIX75 renews 20 May 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
- Edgeir Aksnes
- Chair of the board
- Edgeir Aksnes
- Board member
- Ulf Daniel Linden
- Auditor
- PRICEWATERHOUSECOOPERS AS
Source: Central Coordinating Register, fetched 29 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 | 26 | 37 | 39 | |
| Rank | 1,185 | 1,093 | 1,089 | |
| Operating margin | 1.0% | 2.8% | 1.5% | |
| Return on assets | 5.4% | 13.3% | 8.1% | |
| Equity ratio | 1.5% | 4.7% | 4.9% | |
| Current ratio | 0.99 | 1.01 | 1.02 | |
| Revenue growth | – | −20.6% | 9.4% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 2,878.7 MNOK | 2,284.9 MNOK | 2,500.8 MNOK |
| Operating profit | 28.5 MNOK | 64.6 MNOK | 37.0 MNOK |
| Profit before tax | 21.5 MNOK | 38.9 MNOK | 27.7 MNOK |
| Net profit | 10.5 MNOK | 34.9 MNOK | 21.6 MNOK |
| Financial expenses | 39.7 MNOK | 30.8 MNOK | 14.0 MNOK |
| Total assets | 1,126.9 MNOK | 524.8 MNOK | 516.7 MNOK |
| Current assets | 1,101.1 MNOK | 504.3 MNOK | 503.5 MNOK |
| Equity | 16.8 MNOK | 24.4 MNOK | 25.3 MNOK |
| Retained earnings | 16.8 MNOK | 24.4 MNOK | 25.2 MNOK |
| Total liabilities | 1,110.1 MNOK | 500.4 MNOK | 491.4 MNOK |
| Current liabilities | 1,110.1 MNOK | 500.4 MNOK | 491.4 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6044741.
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