H2 NORWAY AS
Score · fiscal year 2024
69of 100
How to read this: the company is ahead of 85 % of medium-sized companies in the same sector in 2024. What does this mean?
Rank: 5,738 of 37,175 · Handel
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 76 and solidity 41 out of 100 among medium-sized companies in the same sector in 2024. Methodology
Against the sector
H2 NORWAY AS is 19 points above the median for medium-sized companies in the same sector in 2024.
Median score 50 among 2,059 companies.
Against medium-sized companies in the same sector in 2024: operating margin 6.4% (median 3.2%) and equity ratio 27.6% (median 32.6%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 104 MNOK | 171 MNOK |
| Operating margin | 6.4% | 3.2% |
| Profit margin | 6.9% | 3.1% |
| Return on assets | 21.0% | 11.1% |
| Equity ratio | 27.6% | 32.6% |
| Debt-to-equity | 2.62 | 2.01 |
| Current ratio | 3.17 | 1.38 |
| Revenue growth | 40.5% | 5.2% |
| Revenue per employee | 20.77 MNOK | 6.29 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 69, H2 NORWAY AS does better than 85% of medium-sized companies in the same sector (2,059 companies) in 2024.
Score 2023–2025
- H2 NORWAY AS
- Median: medium-sized companies in the same sector
What the numbers say
H2 NORWAY AS had an operating margin of 6.4% and an equity ratio of 27.6% in 2024, and ranks 5,738 of 37,175 in Handel.
From 2023 to 2024: revenue grew by 40%.
This text is generated automatically from the 2024 accounts.
Three simple methods
The methods give between 13 MNOK and 56 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 56 MNOK |
| EV/EBIT | 8.0 | 51 MNOK |
| P/B | 1.0 | 13 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 7.9% 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
We have no accounts for 2017, the sector's weakest year, for this company.
The sector's weakest year was 2017, with a median operating margin of −65.6%. 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 | 76 | weight 30% |
|---|---|---|
| Solidity | 41 | weight 25% |
| Liquidity | 89 | weight 15% |
| Growth | 91 | weight 15% |
| Consistency | 56 | weight 15% |
Durability: 63 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is H2 NORWAY AS?
The operating margin was 6.4% in 2024, against a median of 3.2% among medium-sized companies in the same sector. Return on assets was 21.0%.
How solid is H2 NORWAY AS?
The equity ratio was 27.6% in 2024 (median 32.6%). Debt-to-equity was 2.62 (median 2.01).
What is the liquidity of H2 NORWAY AS like?
The current ratio was 3.17 in 2024 (median 1.38).
How does H2 NORWAY AS compare in Handel?
H2 NORWAY AS ranks 5,738 of 37,175 in Handel for 2024. Among companies of the same size (medium-sized companies) it ranks 305 of 2,059. Revenue changed by 40.5% from the year before.
From the Central Coordinating Register
- Org. no.
- 924367644
- Legal form
- AS
- Sector
- Handel (46.470)
- Size tier
- medium
- Employees
- 5 registered 10 July 2025
- Founded
- 11 December 2019 6 years in operation
- Share capital
- 2.00 MNOK
- Business address
- Breivika industriveg 63, 6018 ÅLESUND
- Municipality
- Ålesund rank 2–6 of 10 in KOSTRA group 11
- 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
- Lars Inge Solnørdal Jakobsen
- Chair of the board
- Nils Gunnar Hjellegjerde
- Board member
- Lars Inge Solnørdal Jakobsen
- Auditor
- REVISOR NORDSTRAND AS
- Accountant
- ROBUST REGNSKAP OG REVISJON 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 | 58 | 69 | 79 | |
| Rank | 12,775 | 5,738 | 1,509 | |
| Operating margin | 7.5% | 6.4% | 17.0% | |
| Return on assets | 26.5% | 21.0% | 41.1% | |
| Equity ratio | 27.1% | 27.6% | 48.4% | |
| Current ratio | 2.25 | 3.17 | 6.65 | |
| Revenue growth | – | 40.5% | 10.8% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 73.9 MNOK | 103.9 MNOK | 115.1 MNOK |
| Operating profit | 5.5 MNOK | 6.6 MNOK | 19.6 MNOK |
| Profit before tax | 5.3 MNOK | 7.2 MNOK | 16.8 MNOK |
| Net profit | 4.1 MNOK | 5.6 MNOK | 13.0 MNOK |
| Financial expenses | 1.9 MNOK | 2.7 MNOK | 4.7 MNOK |
| Total assets | 27.2 MNOK | 46.8 MNOK | 52.4 MNOK |
| Current assets | 26.6 MNOK | 46.4 MNOK | 52.1 MNOK |
| Equity | 7.4 MNOK | 12.9 MNOK | 25.4 MNOK |
| Retained earnings | 5.3 MNOK | 10.9 MNOK | 23.3 MNOK |
| Total liabilities | 19.8 MNOK | 33.9 MNOK | 27.0 MNOK |
| Current liabilities | 11.8 MNOK | 14.6 MNOK | 7.8 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 5908213.
Further
Similar companies
- LAGER 157 AS index 69, rank 5,723 · compare
- ARVE NYHUS AS index 69, rank 5,728 · compare
- EKO MARKET AS index 69, rank 5,732 · compare
- AUTEK AS index 69, rank 5,742 · compare
- BOS POWER NORWAY AS index 68, rank 5,779 · compare