FJELLNETT AS
Score · fiscal year 2024
52of 100
How to read this: the company is ahead of 55 % of medium-sized companies in the same sector in 2024. What does this mean?
Rank: 431 of 963 · Kraft og energi
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 56 and solidity 60 out of 100 among medium-sized companies in the same sector in 2024. Methodology
Against the sector
FJELLNETT AS is 2 points above the median for medium-sized companies in the same sector in 2024.
Median score 50 among 130 companies.
Against medium-sized companies in the same sector in 2024: operating margin 17.0% (median 15.8%) and equity ratio 49.0% (median 42.6%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 194 MNOK | 208 MNOK |
| Operating margin | 17.0% | 15.8% |
| Profit margin | 12.3% | 13.3% |
| Return on assets | 6.1% | 5.3% |
| Equity ratio | 49.0% | 42.6% |
| Debt-to-equity | 1.04 | 1.32 |
| Current ratio | 0.83 | 1.16 |
| Revenue growth | −2.4% | −1.4% |
| Revenue per employee | 2.93 MNOK | 6.63 MNOK |
The median and “ahead of” refer to medium-sized companies in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
With an index of 52, FJELLNETT AS does better than 55% of medium-sized companies in the same sector (130 companies) in 2024.
Score 2023–2025
- FJELLNETT AS
- Median: medium-sized companies in the same sector
What the numbers say
FJELLNETT AS had an operating margin of 17.0% and an equity ratio of 49.0% in 2024, and ranks 431 of 963 in Kraft og energi.
From 2023 to 2024: the operating margin fell from 22.5% to 17.0%.
This text is generated automatically from the 2024 accounts.
Three simple methods
The methods give between 45 MNOK and 276 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 185 MNOK |
| EV/EBIT | 8.0 | 45 MNOK |
| P/B | 1.0 | 276 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
Consider strengthening liquidity: current liabilities are 1.2 times current assets.
Based on: Current ratio 0.83 (median 1.16).
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
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 0.3%. 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 | 56 | weight 30% |
|---|---|---|
| Solidity | 60 | weight 25% |
| Liquidity | 33 | weight 15% |
| Growth | 47 | weight 15% |
| Consistency | 54 | weight 15% |
Durability: 56 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is FJELLNETT AS?
The operating margin was 17.0% in 2024, against a median of 15.8% among medium-sized companies in the same sector. Return on assets was 6.1%.
How solid is FJELLNETT AS?
The equity ratio was 49.0% in 2024 (median 42.6%). Debt-to-equity was 1.04 (median 1.32).
What is the liquidity of FJELLNETT AS like?
The current ratio was 0.83 in 2024 (median 1.16). Current assets did not cover current liabilities.
How does FJELLNETT AS compare in Kraft og energi?
FJELLNETT AS ranks 431 of 963 in Kraft og energi for 2024. Among companies of the same size (medium-sized companies) it ranks 59 of 130. Revenue changed by −2.4% from the year before.
From the Central Coordinating Register
- Org. no.
- 923354204
- Legal form
- AS
- Sector
- Kraft og energi (35.140)
- Size tier
- medium
- Employees
- 66 registered 10 October 2026
- Founded
- 21 August 2019 7 years in operation
- Share capital
- 10.00 MNOK
- Business address
- Edvard Storms veg 4, 2680 VÅGÅ
- Municipality
- Vågå rank 8–20 of 39 in KOSTRA group 4
- 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
- Vebjørn Haugen
- Chair of the board
- Tronn Olaf Flittie
- Board member
- Tone Bakken
- Board member
- Amund Mundhjeld
- Board member
- Arnstein Sperstad
- Board member
- Linda Svendsen
- Board member
- Arnulf Furuhovde
- Board member
- Steinar Dahlen
- Deputy member
- Pål Sve Bjørndal
- Deputy member
- Borghild Garmo
- Deputy member
- Per Heringstad
- Deputy member
- Berit Hoelsbrekken
- Deputy member
- Linda Ryen
- Deputy member
- Liv Sandlund
- Deputy member
- Henning Hagen
- Auditor
- TELL NORGE 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 | 60 | 52 | 57 | |
| Rank | 233 | 431 | 342 | |
| Operating margin | 22.5% | 17.0% | 22.9% | |
| Return on assets | 8.8% | 6.1% | 8.3% | |
| Equity ratio | 51.3% | 49.0% | 45.1% | |
| Current ratio | 1.20 | 0.83 | 0.77 | |
| Revenue growth | – | −2.4% | 15.1% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 198.3 MNOK | 193.6 MNOK | 222.8 MNOK |
| Operating profit | 44.6 MNOK | 32.9 MNOK | 51.0 MNOK |
| Profit before tax | 37.2 MNOK | 23.8 MNOK | 41.9 MNOK |
| Net profit | 29.0 MNOK | 18.5 MNOK | 32.7 MNOK |
| Financial expenses | 8.9 MNOK | 10.3 MNOK | 10.3 MNOK |
| Total assets | 520.9 MNOK | 562.4 MNOK | 628.6 MNOK |
| Current assets | 66.8 MNOK | 54.7 MNOK | 59.0 MNOK |
| Equity | 267.1 MNOK | 275.7 MNOK | 283.3 MNOK |
| Retained earnings | 75.7 MNOK | 84.2 MNOK | 91.9 MNOK |
| Total liabilities | 253.8 MNOK | 286.7 MNOK | 345.3 MNOK |
| Current liabilities | 55.6 MNOK | 66.2 MNOK | 76.4 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6003459.
Further
Similar companies
- TELEMARK ENERGI PRODUKSJON AS index 52, rank 422 · compare
- HAFSLUND AS index 52, rank 423 · compare
- LINEA AS index 52, rank 425 · compare
- NTE VINDKRAFT AS index 52, rank 433 · compare
- ENERGEIA ITALY HOLDING AS index 52, rank 438 · compare