WATTN AS
Score · fiscal year 2023
52of 100
How to read this: the company is ahead of 54 % of large companies in the same sector in 2023. What does this mean?
Rank: 380 of 829 · Kraft og energi
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2023, not a verdict on the company. Based on profitability 7 and solidity 73 out of 100 among large companies in the same sector in 2023. Methodology
Against the sector
WATTN AS is 4 points above the median for large companies in the same sector in 2023.
Median score 48 among 42 companies.
Against large companies in the same sector in 2023: operating margin −0.6% (median 25.1%) and equity ratio 42.3% (median 33.8%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 1,889 MNOK | 2,470 MNOK |
| Operating margin | −0.6% | 25.1% |
| Profit margin | −0.8% | 21.2% |
| Return on assets | −0.2% | 9.0% |
| Equity ratio | 42.3% | 33.8% |
| Debt-to-equity | 1.36 | 1.96 |
| Current ratio | 1.41 | 1.07 |
| Revenue growth | – | −39.3% |
| Revenue per employee | 43.94 MNOK | 32.39 MNOK |
The median and “ahead of” refer to large companies in the same sector in 2023. The bar shows the share of companies the figure is ahead of.
With an index of 52, WATTN AS does better than 54% of large companies in the same sector (42 companies) in 2023.
Score 2023–2025
- WATTN AS
- Median: large companies in the same sector
What the numbers say
WATTN AS had an operating margin of −0.6% and an equity ratio of 42.3% in 2023, and ranks 380 of 829 in Kraft og energi.
WATTN AS did about the same as the sector in 2025, the sector's weakest year.
This text is generated automatically from the 2023 accounts.
Three simple methods
One method gives a figure: 434 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 434 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 company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −0.8% (median 21.2%).
- watch
The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors?
Based on: Operating margin −0.6% (median 25.1%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 2.4% of the debt in 2023. The policy rate averaged 3.54 % 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 0.3% in 2025 (sector median 15.8%), and the equity ratio 56.5%. In the other years the operating margin averaged −0.2%.
The sector's weakest year was 2025, with a median operating margin of 15.8%. 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 | 7 | weight 30% |
|---|---|---|
| Solidity | 73 | weight 25% |
| Liquidity | 85 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 71 | weight 15% |
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is WATTN AS?
The operating margin was −0.6% in 2023, against a median of 25.1% among large companies in the same sector. Return on assets was −0.2%. The company made a loss before tax.
How solid is WATTN AS?
The equity ratio was 42.3% in 2023 (median 33.8%). Debt-to-equity was 1.36 (median 1.96).
What is the liquidity of WATTN AS like?
The current ratio was 1.41 in 2023 (median 1.07).
How does WATTN AS compare in Kraft og energi?
WATTN AS ranks 380 of 829 in Kraft og energi for 2023. Among companies of the same size (large companies) it ranks 20 of 42.
Public contracts
- Contracts awarded since 2024
- 3
- Total awarded value since 2024
- value not stated
- 1 contracts without a stated value are not in the total.
- Framework agreements
- 2
- Left out of the total: the value is a ceiling, not actual spend.
| Date | Buyer | Notice | Value |
|---|---|---|---|
| 14 June 2024 | KINECT ENERGY AS AVD OSLO | Kjøp av elektrisk kraft Ørland Kommune | value not stated |
| 10 June 2024 | KINECT ENERGY AS AVD OSLO | Kjøp av elektrisk kraft - Statistisk Sentralbyrå | value not stated |
| 25 April 2024 | KINECT ENERGY AS AVD OSLO | Kjøp av elektrisk kraft Melhus kommune | value not stated |
| 9 November 2023 | Ringebu kommune | Kjøp av elektrisk kraft - Ringebu kommune | value not stated |
| 17 August 2022 | KINECT ENERGY AS AVD OSLO | Kjøp av elektrisk kraft - Hustadvika kommune | value not stated |
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 27 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.
- 925638153
- Legal form
- AS
- Sector
- Kraft og energi (35.150)
- Size tier
- large
- Employees
- 43 registered 10 October 2026
- Founded
- 19 August 2020 6 years in operation
- Share capital
- 126.69 MNOK
- Business address
- Retirovegen 4, 6019 ÅLESUND
- Municipality
- Ålesund rank 2–6 of 10 in KOSTRA group 11
- Latest accounts filed
- 2025
- LEI
- 549300U383SH43UJ3P60 renews 10 September 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
- Arne Thomas Haram
- Chair of the board
- Christian Pritchard
- Board member
- Stine Drabløs Larsen
- Board member
- Knut Arild Flatjord
- Board member
- Terje Søvikhagen
- Board member
- Ida Bendiksen Aanes
- Board member
- Ingvill Hestenes
- Deputy member
- Olav Osvoll
- Deputy member
- Terje Bakke Nævdal
- Deputy member
- Erik Espeset
- Deputy member
- Hilde Langtangen
- Deputy member
- Berit Larsen
- Auditor
- CEDRA NORGE AS
- Accountant
- VIEW GROUP 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 27 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 52 | 58 | 49 | |
| Rank | 380 | 272 | 440 | |
| Operating margin | −0.6% | 0.1% | 0.3% | |
| Return on assets | −0.2% | 2.0% | 2.5% | |
| Equity ratio | 42.3% | 65.7% | 56.5% | |
| Current ratio | 1.41 | 2.32 | 1.86 | |
| Revenue growth | – | −10.8% | −7.5% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 1,889.5 MNOK | 1,685.8 MNOK | 1,558.9 MNOK |
| Operating profit | −10.5 MNOK | 1.5 MNOK | 5.0 MNOK |
| Profit before tax | −15.9 MNOK | 0.6 MNOK | 8.9 MNOK |
| Net profit | −13.7 MNOK | 0.8 MNOK | 6.8 MNOK |
| Financial expenses | 13.9 MNOK | 13.0 MNOK | 11.3 MNOK |
| Total assets | 1,025.9 MNOK | 674.8 MNOK | 804.3 MNOK |
| Current assets | 768.0 MNOK | 444.2 MNOK | 580.1 MNOK |
| Equity | 434.1 MNOK | 443.6 MNOK | 454.1 MNOK |
| Retained earnings | 203.5 MNOK | 212.9 MNOK | 223.5 MNOK |
| Total liabilities | 591.8 MNOK | 231.2 MNOK | 350.2 MNOK |
| Current liabilities | 544.0 MNOK | 191.7 MNOK | 312.6 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 27 October 2026, accounts id 5259329.
Further
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