FRED HUGO AS
Score · fiscal year 2025
39of 100
How to read this: the company is ahead of 27 % of companies in the Morning class Micro in the same sector in 2025. What does this mean?
Rank in the Morning class Micro: 879 of 1,211 · What are Morning company classes?
Place in the whole sector: 1,643 of 2,232 · Sjømat
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 6 and solidity 63 out of 100 among companies in the Morning class Micro in the same sector in 2025. Methodology
Against the sector
FRED HUGO AS is 11 points below the median for companies in the Morning class Micro in the same sector in 2025.
Median score 50 among 1,211 companies.
Against companies in the Morning class Micro in the same sector in 2025: operating margin −330.2% (median 13.5%) and equity ratio 52.0% (median 34.7%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 1 MNOK | 3 MNOK |
| Operating margin | −330.2% | 13.5% |
| Profit margin | −244.3% | 9.8% |
| Return on assets | −6.0% | 7.3% |
| Equity ratio | 52.0% | 34.7% |
| Debt-to-equity | 0.92 | 1.44 |
| Current ratio | 10.47 | 1.72 |
| Revenue growth | −31.9% | 23.4% |
The median and “ahead of” refer to companies in the Morning class Micro in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 39, FRED HUGO AS does better than 27% of companies in the Morning class Micro in the same sector (1,211 companies) in 2025.
Score 2023–2025
- FRED HUGO AS
- Median: companies in the Morning class Micro in the same sector
FRED HUGO AS has a score of 39 for 2025, rank 1,643 of 2,232 in the sector.
Strongest: Liquidity: percentile 92 against peers, current ratio 10.47 against a median of 1.72. Solidity: percentile 63 against peers, equity ratio 52.0% against a median of 34.7%.
Weakest: Growth: percentile 6 against peers, revenue growth −31.9% against a median of 23.4%. Profitability: percentile 6 against peers, operating margin −330.2% against a median of 13.5%.
Worth a closer look
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −244.3% (median 9.8%).
- The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors? Based on: operating margin −330.2% (median 13.5%).
- What lies behind weak growth, and will it last?
- What lies behind weak profitability, and will it last?
Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made
What the numbers say
FRED HUGO AS had an operating margin of −330.2% and an equity ratio of 52.0% in 2025, and ranks 1,643 of 2,232 in Sjømat.
From 2024 to 2025: the operating margin fell from −71.7% to −330.2% and went from a profit to a loss before tax.
This text is generated automatically from the 2025 accounts.
Three simple methods
One method gives a figure: 20 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 20 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 −244.3% (median 9.8%).
- 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 −330.2% (median 13.5%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 5.0% of the debt in 2025. The policy rate averaged 4.30 % 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
- watch Extreme margin: check 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 −0.5%. 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 | 6 | weight 30% |
|---|---|---|
| Solidity | 63 | weight 25% |
| Liquidity | 92 | weight 15% |
| Growth | 6 | weight 15% |
| Consistency | 44 | weight 15% |
Durability: 52 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is FRED HUGO AS?
The operating margin was −330.2% in 2025, against a median of 13.5% among companies in the Morning class Micro in the same sector. Return on assets was −6.0%. The company made a loss before tax.
How solid is FRED HUGO AS?
The equity ratio was 52.0% in 2025 (median 34.7%). Debt-to-equity was 0.92 (median 1.44).
What is the liquidity of FRED HUGO AS like?
The current ratio was 10.47 in 2025 (median 1.72).
How does FRED HUGO AS compare in Sjømat?
FRED HUGO AS ranks 1,643 of 2,232 in Sjømat for 2025. Among companies in the Morning class Micro it is number 879 of 1,211. Revenue changed by −31.9% from the year before.
From the Central Coordinating Register
- Org. no.
- 966635746
- Legal form
- AS
- Sector
- Sjømat (03.110)
- Morning company class
- Micro
- Employees
- 0–4 (not registered)
- Founded
- 10 May 1993 33 years in operation
- Share capital
- 3.42 MNOK
- Business address
- Aunveien 247, 9402 HARSTAD
- Municipality
- Harstad rank 8–22 of 27 in KOSTRA group 9
- Latest accounts filed
- 2025
- LEI
- 9845002B0690FC0FDC53 renews 22 August 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
- John-Hugo Olsen
- Chair of the board
- John-Hugo Olsen
- Board member
- Fred Agnar Olsen
- Auditor
- REVICOM AS
- Accountant
- APARTNER AS
Source: Central Coordinating Register, fetched 29 October 2026. Only names are shown.
- Parent company
- No parent company: owned by persons
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 31 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 28 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | – | 64 | 39 | |
| Rank | – | 453 | 1,643 | |
| Operating margin | −231.8% | −71.7% | −330.2% | |
| Return on assets | 9.1% | 5.1% | −6.0% | |
| Equity ratio | 50.3% | 53.8% | 52.0% | |
| Current ratio | 8.88 | 12.12 | 10.47 | |
| Revenue growth | – | 170.9% | −31.9% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 0.7 MNOK | 2.0 MNOK | 1.3 MNOK |
| Operating profit | −1.7 MNOK | −1.4 MNOK | −4.4 MNOK |
| Profit before tax | 3.1 MNOK | 0.9 MNOK | −3.3 MNOK |
| Net profit | 3.5 MNOK | 1.2 MNOK | −2.5 MNOK |
| Financial expenses | 0.8 MNOK | 1.3 MNOK | 0.9 MNOK |
| Total assets | 42.8 MNOK | 42.2 MNOK | 39.0 MNOK |
| Current assets | 33.9 MNOK | 33.3 MNOK | 28.8 MNOK |
| Equity | 21.6 MNOK | 22.7 MNOK | 20.3 MNOK |
| Retained earnings | 18.1 MNOK | 19.3 MNOK | 16.9 MNOK |
| Total liabilities | 21.3 MNOK | 19.5 MNOK | 18.7 MNOK |
| Current liabilities | 3.8 MNOK | 2.8 MNOK | 2.7 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 28 October 2026, accounts id 6874642.
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