Memm Drift AS
Score · fiscal year 2023
46of 100
How to read this: the company is ahead of 41 % of companies in the Morning class Small in the same sector in 2023. What does this mean?
Rank in the Morning class Small: 2,996 of 5,108 · What are Morning company classes?
Place in the whole sector: 10,541 of 18,347 · Bygg og anlegg
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2023, not a verdict on the company. Based on profitability 17 and solidity 69 out of 100 among companies in the Morning class Small in the same sector in 2023. Methodology
Against the sector
Memm Drift AS is 5 points below the median for companies in the Morning class Small in the same sector in 2023.
Median score 51 among 5,108 companies.
Against companies in the Morning class Small in the same sector in 2023: operating margin −0.6% (median 5.0%) and equity ratio 46.8% (median 34.1%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 16 MNOK | 19 MNOK |
| Operating margin | −0.6% | 5.0% |
| Profit margin | −1.3% | 4.7% |
| Return on assets | −2.0% | 11.6% |
| Equity ratio | 46.8% | 34.1% |
| Debt-to-equity | 1.14 | 1.80 |
| Current ratio | 1.69 | 1.46 |
| Revenue growth | – | 3.3% |
| Revenue per employee | 0.98 MNOK | 1.66 MNOK |
The median and “ahead of” refer to companies in the Morning class Small in the same sector in 2023. The bar shows the share of companies the figure is ahead of.
With an index of 46, Memm Drift AS does better than 41% of companies in the Morning class Small in the same sector (5,108 companies) in 2023.
Score 2023–2025
- Memm Drift AS
- Median: companies in the Morning class Small in the same sector
What the numbers say
Memm Drift AS had an operating margin of −0.6% and an equity ratio of 46.8% in 2023, and ranks 10,541 of 18,347 in Bygg og anlegg.
This text is generated automatically from the 2023 accounts.
Three simple methods
One method gives a figure: 2 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 2 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 −1.3% (median 4.7%).
- 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 5.0%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 4.9% 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.
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 2021, the sector's weakest year, for this company.
The sector's weakest year was 2021, with a median operating margin of 1.8%. Based on the 10 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 17 | weight 30% |
|---|---|---|
| Solidity | 69 | weight 25% |
| Liquidity | 64 | weight 15% |
| Growth | – | no data, left out |
| Consistency | – | no data, left out |
Index version 2. Data completeness 70%: the share of the weights that had data.
Questions and answers
How profitable is Memm Drift AS?
The operating margin was −0.6% in 2023, against a median of 5.0% among companies in the Morning class Small in the same sector. Return on assets was −2.0%. The company made a loss before tax.
How solid is Memm Drift AS?
The equity ratio was 46.8% in 2023 (median 34.1%). Debt-to-equity was 1.14 (median 1.80).
What is the liquidity of Memm Drift AS like?
The current ratio was 1.69 in 2023 (median 1.46).
How does Memm Drift AS compare in Bygg og anlegg?
Memm Drift AS ranks 10,541 of 18,347 in Bygg og anlegg for 2023. Among companies in the Morning class Small it is number 2,996 of 5,108.
Public contracts
- Contracts awarded since 2024
- 3
- Total awarded value since 2024
- 22.1 MNOK
- 1 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 |
|---|---|---|---|
| 28 September 2026 | Tromsø kommune | Bortkjøring av snø, transport av grus/pukk og transport av maskiner | 7.6 MNOK (framework) |
| 10 April 2026 | Tromsø kommune | Brøyting av rode 0126 Kvaløysletta sør, Kaldfjorden og Hakøya - veger | 22.1 MNOK |
| 2 September 2024 | Tromsø kommune | Brøyting av rode 0924 Hamna veger og uterom | 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.
- 929579798
- Legal form
- AS
- Sector
- Bygg og anlegg (43.120)
- Morning company class
- Small
- Employees
- 16 registered 10 September 2026
- Founded
- 17 June 2022 4 years in operation
- Share capital
- 0.06 MNOK
- Business address
- Styrmannsvegen 13, 9014 TROMSØ
- Municipality
- Tromsø rank 9 of 11 in KOSTRA group 12
- 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
- Martin Norø Mydland
- Chair of the board
- Martin Norø Mydland
- Auditor
- Revicom AS
- Accountant
- Effektiv Regnskapsservice 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 | 46 | 68 | 58 | |
| Rank | 10,541 | 3,571 | 6,996 | |
| Operating margin | −0.6% | 13.3% | 7.1% | |
| Return on assets | −2.0% | 40.0% | 21.3% | |
| Equity ratio | 46.8% | 48.4% | 45.2% | |
| Current ratio | 1.69 | 1.68 | 1.56 | |
| Revenue growth | – | 11.5% | 10.1% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 15.7 MNOK | 17.5 MNOK | 19.3 MNOK |
| Operating profit | −0.1 MNOK | 2.3 MNOK | 1.4 MNOK |
| Profit before tax | −0.2 MNOK | 2.3 MNOK | 1.3 MNOK |
| Net profit | −0.2 MNOK | 1.8 MNOK | 1.0 MNOK |
| Financial expenses | 0.1 MNOK | 0.1 MNOK | – |
| Total assets | 4.5 MNOK | 5.8 MNOK | 6.3 MNOK |
| Current assets | 3.8 MNOK | 4.8 MNOK | 5.2 MNOK |
| Equity | 2.1 MNOK | 2.8 MNOK | 2.8 MNOK |
| Retained earnings | – | 0.7 MNOK | 0.7 MNOK |
| Total liabilities | 2.4 MNOK | 3.0 MNOK | 3.4 MNOK |
| Current liabilities | 2.2 MNOK | 2.9 MNOK | 3.3 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 27 October 2026, accounts id 5246051.
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