ODFJELL OPERATIONS AS
Score · fiscal year 2024
29of 100
How to read this: the company is ahead of 11 % of companies in the Morning class Large in the same sector in 2024. What does this mean?
Rank in the Morning class Large: 92 of 103 · What are Morning company classes?
Place in the whole sector: 282 of 324 · Olje og gass
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 5 and solidity 32 out of 100 among companies in the Morning class Large in the same sector in 2024. Methodology
Against the sector
ODFJELL OPERATIONS AS is 19 points below the median for companies in the Morning class Large in the same sector in 2024.
Median score 48 among 103 companies.
Against companies in the Morning class Large in the same sector in 2024: operating margin −3.4% (median 7.8%) and equity ratio 14.1% (median 21.5%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 1,176 MNOK | 1,815 MNOK |
| Operating margin | −3.4% | 7.8% |
| Profit margin | −3.5% | 9.7% |
| Return on assets | −6.7% | 16.2% |
| Equity ratio | 14.1% | 21.5% |
| Debt-to-equity | 6.08 | 3.37 |
| Current ratio | 1.19 | 1.11 |
| Revenue growth | 7.9% | 7.0% |
| Revenue per employee | 2.91 MNOK | 5.54 MNOK |
The median and “ahead of” refer to companies in the Morning class Large in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
With an index of 29, ODFJELL OPERATIONS AS does better than 11% of companies in the Morning class Large in the same sector (103 companies) in 2024.
Score 2023–2025
- ODFJELL OPERATIONS AS
- Median: companies in the Morning class Large in the same sector
What the numbers say
ODFJELL OPERATIONS AS had an operating margin of −3.4% and an equity ratio of 14.1% in 2024, and ranks 282 of 324 in Olje og gass.
No large changes in the key figures from 2023 to 2024.
This text is generated automatically from the 2024 accounts.
Three simple methods
One method gives a figure: 63 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 63 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 −3.5% (median 9.7%).
- 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 −3.4% (median 7.8%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 3.0% 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 1.6%. 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 | 5 | weight 30% |
|---|---|---|
| Solidity | 32 | weight 25% |
| Liquidity | 61 | weight 15% |
| Growth | 55 | weight 15% |
| Consistency | 16 | weight 15% |
Durability: 30 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is ODFJELL OPERATIONS AS?
The operating margin was −3.4% in 2024, against a median of 7.8% among companies in the Morning class Large in the same sector. Return on assets was −6.7%. The company made a loss before tax.
How solid is ODFJELL OPERATIONS AS?
The equity ratio was 14.1% in 2024 (median 21.5%). Debt-to-equity was 6.08 (median 3.37).
What is the liquidity of ODFJELL OPERATIONS AS like?
The current ratio was 1.19 in 2024 (median 1.11).
How does ODFJELL OPERATIONS AS compare in Olje og gass?
ODFJELL OPERATIONS AS ranks 282 of 324 in Olje og gass for 2024. Among companies in the Morning class Large it is number 92 of 103. Revenue changed by 7.9% 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.
From the Central Coordinating Register
- Org. no.
- 963228252
- Legal form
- AS · part of a group
- Sector
- Olje og gass (09.101)
- Morning company class
- Large
- Employees
- 404 registered 10 October 2026
- Founded
- 30 December 1991 34 years in operation
- Share capital
- 21.40 MNOK
- Business address
- Kokstadflaten 35, 5257 KOKSTAD (BERGEN)
- Municipality
- Bergen rank 8 of 11 in KOSTRA group 12
- Latest accounts filed
- 2025
- LEI
- 529900HIZACUF4SKF577 renews 21 March 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
- Kurt Meinert Fjell
- Chair of the board
- Simen Lieungh
- Board member
- Harald Asle Hereid
- Board member
- Frederik Glenjen
- Board member
- Kurt Werner Holsæter
- Board member
- Randi Øverland
- Board member
- Anne Siri Sævareid
- Board member
- Hilde Grønlien
- Deputy member
- Elisabeth Cecilie Haram
- Deputy member
- Kurt Meinert Fjell
- Deputy member
- Adrian Alexander Lien
- Deputy member
- Geir Frode Nysæter
- Deputy member
- May-Rita Sel
- Auditor
- KPMG AS
Source: Central Coordinating Register, fetched 29 October 2026. Only names are shown.
- Parent company
- Odfjell Technology Ltd (Bermuda)
Foreign-owned according to GLEIF.
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 29 October 2026. The parent is the one the company itself reported to GLEIF.
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 | 31 | 29 | 34 | |
| Rank | 256 | 282 | 255 | |
| Operating margin | −2.0% | −3.4% | 0.9% | |
| Return on assets | −4.1% | −6.7% | 3.6% | |
| Equity ratio | 17.4% | 14.1% | 15.6% | |
| Current ratio | 1.24 | 1.19 | 1.22 | |
| Revenue growth | – | 7.9% | 2.9% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 1,089.9 MNOK | 1,175.6 MNOK | 1,209.4 MNOK |
| Operating profit | −21.6 MNOK | −40.3 MNOK | 10.8 MNOK |
| Profit before tax | −17.7 MNOK | −41.5 MNOK | 14.7 MNOK |
| Net profit | −13.8 MNOK | −32.4 MNOK | 11.4 MNOK |
| Financial expenses | 2.8 MNOK | 11.4 MNOK | – |
| Total assets | 366.1 MNOK | 445.9 MNOK | 405.1 MNOK |
| Current assets | 362.9 MNOK | 442.5 MNOK | 401.8 MNOK |
| Equity | 63.8 MNOK | 63.0 MNOK | 63.1 MNOK |
| Retained earnings | −13.8 MNOK | −46.1 MNOK | 0.1 MNOK |
| Total liabilities | 302.3 MNOK | 382.9 MNOK | 342.0 MNOK |
| Current liabilities | 291.8 MNOK | 370.7 MNOK | 329.3 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 5950939.
Further
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