Østbø AS
Score · fiscal year 2024
56of 100
How to read this: the company is ahead of 62 % of companies in the Morning class Medium in the same sector in 2024. What does this mean?
Rank in the Morning class Medium: 44 of 115 · What are Morning company classes?
Place in the whole sector: 112 of 292 · Vann, avløp og renovasjon
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 54 and solidity 74 out of 100 among companies in the Morning class Medium in the same sector in 2024. Methodology
Against the sector
Østbø AS is 5 points above the median for companies in the Morning class Medium in the same sector in 2024.
Median score 51 among 115 companies.
Against companies in the Morning class Medium in the same sector in 2024: operating margin 4.9% (median 4.8%) and equity ratio 49.1% (median 37.0%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 449 MNOK | 117 MNOK |
| Operating margin | 4.9% | 4.8% |
| Profit margin | 4.2% | 4.2% |
| Return on assets | 8.7% | 7.1% |
| Equity ratio | 49.1% | 37.0% |
| Debt-to-equity | 1.04 | 1.67 |
| Current ratio | 1.07 | 1.48 |
| Revenue growth | 8.3% | 8.1% |
| Revenue per employee | 1.80 MNOK | 2.88 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 56, Østbø AS does better than 62% of companies in the Morning class Medium in the same sector (115 companies) in 2024.
Score 2023–2025
- Østbø AS
- Median: companies in the Morning class Medium in the same sector
What the numbers say
Østbø AS had an operating margin of 4.9% and an equity ratio of 49.1% in 2024, and ranks 112 of 292 in Vann, avløp og renovasjon.
No large changes in the key figures from 2023 to 2024.
This text is generated automatically from the 2024 accounts.
Three simple methods
The methods give between 192 MNOK and 247 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 26.7 | 245 MNOK |
| EV/EBIT | 20.6 | 247 MNOK |
| P/B | 2.6 | 192 MNOK |
The listed basis is the value at listed multiples. The estimate is lowered by 46% for an unlisted company: 20% for lack of marketability and 32% for size (a small-company premium of 3% on the cost of equity).
A mechanical estimate from public accounts, not advice. A mechanical estimate from public accounts with listed multiples and fixed adjustments. Not a valuation and not advice to buy or sell. 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 3.6% 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.
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 1.1%. Based on the 4 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 54 | weight 30% |
|---|---|---|
| Solidity | 74 | weight 25% |
| Liquidity | 22 | weight 15% |
| Growth | 54 | weight 15% |
| Consistency | 63 | weight 15% |
Durability: 60 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Østbø AS?
The operating margin was 4.9% in 2024, against a median of 4.8% among companies in the Morning class Medium in the same sector. Return on assets was 8.7%.
How solid is Østbø AS?
The equity ratio was 49.1% in 2024 (median 37.0%). Debt-to-equity was 1.04 (median 1.67).
What is the liquidity of Østbø AS like?
The current ratio was 1.07 in 2024 (median 1.48).
How does Østbø AS compare in Vann, avløp og renovasjon?
Østbø AS ranks 112 of 292 in Vann, avløp og renovasjon for 2024. Among companies in the Morning class Medium it is number 44 of 115. Revenue changed by 8.3% 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
- 8
- Total awarded value since 2024
- 18.0 MNOK
- 4 contracts without a stated value are not in the total.
- Framework agreements
- 1
- Left out of the total: the value is a ceiling, not actual spend.
| Date | Buyer | Notice | Value |
|---|---|---|---|
| 26 November 2025 | Iris Service AS | Mottak, behandling og transport avfall fra IRIS Service AS | 11.0 MNOK |
| 2 July 2025 | STATSBYGG | 2025/2041 Rammeavtale for suge- og spylebiltjenester i Bodø og omegn | 5.0 MNOK (framework) |
| 26 May 2025 | Reno-Vest Produksjon AS | Transport og sluttbehandling av farlig avfall (Stykkgods) | 2.3 MNOK |
| 1 February 2025 | Lofoten Avfallsselskap IKS | Innsamling av husholdningsavfall | value not stated |
| 23 December 2024 | Lofoten Avfallsselskap IKS | Transport og sluttbehandling av restavfall | value not stated |
| 10 October 2024 | Søndre Helgeland Miljøverk IKS (SHMIL) | Slamrenovasjon SHMIL - Ny utlysning | value not stated |
| 6 June 2024 | Søndre Helgeland Miljøverk IKS (SHMIL) | Farlig avfall SHMIL | 4.7 MNOK |
| 23 February 2024 | Politiets fellestjenester | Anskaffelse - Avtale om renovasjonstjenester ved Tromsø politistasjon og Harstad politistasjon | value not stated |
| 27 December 2023 | Søndre Helgeland Miljøverk IKS | Renovasjon SHMIL | 96.0 MNOK |
| 26 June 2019 | Bane NOR SF | Avfallshåndtering i Infrastruktur Bane NOR | 40.0 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 28 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.
- 920508324
- Legal form
- AS · part of a group
- Sector
- Vann, avløp og renovasjon (38.210)
- Morning company class
- Medium
- Employees
- 249 registered 10 October 2026
- Founded
- 19 March 1979 47 years in operation
- Share capital
- 0.90 MNOK
- Business address
- Fredensborgveien 5A, 8003 BODØ
- Municipality
- Bodø rank 4–9 of 10 in KOSTRA group 11
- Latest accounts filed
- 2025
- Website
- www.ostbo.no
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.
Shareholders (2025)
- Number of shareholders
- 2 (one owner holds more than half)
- Largest owner
- 81.5%
- Split
- companies 100% · private persons 0% · foreign 0%
- Owned from the same municipality
- 100%
- Group chain
-
Owned by: Saltens Gruppen AS (81%)
Ultimate owner: Saltens Gruppen AS
- Saltens Gruppen AS · 81.5%
- SØNDRE HELGELAND MILJØVERK · 18.5%
Change 2007–2025:
17% of the shares changed owner (0 new and 1 departed owners).
Departed (companies): Retura Iris AS
Majority owner of: Østbø Nord AS (100%)
Holds shares in: Kraft Nord AS (4%), Østbø Nord AS (100%), Retura Shmil AS (10%), Namdal Tankrens AS (13%), Bio Miljø AS (11%), Fageråsbakkene AS (3%)
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 | 64 | 56 | 48 | |
| Rank | 75 | 112 | 162 | |
| Operating margin | 6.7% | 4.9% | 3.7% | |
| Return on assets | 11.7% | 8.7% | 5.0% | |
| Equity ratio | 49.5% | 49.1% | 36.7% | |
| Current ratio | 1.47 | 1.07 | 1.32 | |
| Revenue growth | – | 8.3% | 3.9% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 414.7 MNOK | 449.0 MNOK | 466.4 MNOK |
| Operating profit | 27.7 MNOK | 22.2 MNOK | 17.4 MNOK |
| Profit before tax | 25.4 MNOK | 18.9 MNOK | 11.0 MNOK |
| Tax expense | 6.1 MNOK | 4.4 MNOK | 2.7 MNOK |
| Net profit | 19.2 MNOK | 14.4 MNOK | 8.3 MNOK |
| Financial expenses | 4.0 MNOK | 5.0 MNOK | 8.3 MNOK |
| Total assets | 250.2 MNOK | 275.4 MNOK | 388.9 MNOK |
| Current assets | 95.7 MNOK | 81.2 MNOK | 104.3 MNOK |
| Equity | 123.9 MNOK | 135.3 MNOK | 142.6 MNOK |
| Retained earnings | 114.9 MNOK | 126.3 MNOK | 133.6 MNOK |
| Total liabilities | 126.4 MNOK | 140.1 MNOK | 246.2 MNOK |
| Current liabilities | 65.1 MNOK | 75.8 MNOK | 79.0 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 31 October 2026, accounts id 6158537.
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