Telenor Towers Norway AS
Score · fiscal year 2025
39of 100
How to read this: the company is ahead of 21 % of companies in the Morning class Large in the same sector in 2025. What does this mean?
Rank in the Morning class Large: 104 of 132 · What are Morning company classes?
Place in the whole sector: 1,597 of 2,192 · Informasjon og kommunikasjon
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 81 and solidity 3 out of 100 among companies in the Morning class Large in the same sector in 2025. Methodology
Against the sector
Telenor Towers Norway AS is 12 points below the median for companies in the Morning class Large in the same sector in 2025.
Median score 51 among 132 companies.
Against companies in the Morning class Large in the same sector in 2025: operating margin 31.6% (median 6.9%) and equity ratio 1.4% (median 28.2%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 2,569 MNOK | 953 MNOK |
| Operating margin | 31.6% | 6.9% |
| Profit margin | 32.6% | 7.8% |
| Return on assets | 17.6% | 11.6% |
| Equity ratio | 1.4% | 28.2% |
| Debt-to-equity | 72.91 | 2.51 |
| Current ratio | 0.60 | 1.05 |
| Revenue growth | 2.7% | 7.5% |
| Revenue per employee | 28.55 MNOK | 5.73 MNOK |
The median and “ahead of” refer to companies in the Morning class Large in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 39, Telenor Towers Norway AS does better than 21% of companies in the Morning class Large in the same sector (132 companies) in 2025.
Score 2023–2025
- Telenor Towers Norway AS
- Median: companies in the Morning class Large in the same sector
Telenor Towers Norway AS has a score of 39 for 2025, rank 1,597 of 2,192 in the sector.
Strongest: Profitability: percentile 81 against peers, operating margin 31.6% against a median of 6.9%.
Weakest: Solidity: percentile 3 against peers, equity ratio 1.4% against a median of 28.2%. Liquidity: percentile 13 against peers, current ratio 0.60 against a median of 1.05.
Worth a closer look
- The equity ratio is very low. Could the company absorb a bad year, and does it need more equity? Based on: equity ratio 1.4% (median 28.2%).
- Consider strengthening liquidity: current liabilities are 1.7 times current assets. Based on: current ratio 0.60 (median 1.05).
- What lies behind weak solidity, 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
Telenor Towers Norway AS had an operating margin of 31.6% and an equity ratio of 1.4% in 2025, and ranks 1,597 of 2,192 in Informasjon og kommunikasjon.
From 2024 to 2025: the equity ratio fell from 13.1% to 1.4% and the operating margin rose from 27.4% to 31.6%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 66 MNOK and 6,536 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 6,536 MNOK |
| EV/EBIT | 8.0 | 3,576 MNOK |
| P/B | 1.0 | 66 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 equity ratio is very low. Could the company absorb a bad year, and does it need more equity?
Based on: Equity ratio 1.4% (median 28.2%).
- watch
Consider strengthening liquidity: current liabilities are 1.7 times current assets.
Based on: Current ratio 0.60 (median 1.05).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 0.5% 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
No anomalies found in the figures.
Scenario analysis: the sector's weakest year
We have no accounts for 2026, the sector's weakest year, for this company.
The sector's weakest year was 2026, with a median operating margin of 4.4%. Based on the 8 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 81 | weight 30% |
|---|---|---|
| Solidity | 3 | weight 25% |
| Liquidity | 13 | weight 15% |
| Growth | 36 | weight 15% |
| Consistency | 45 | weight 15% |
Durability: 38 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Telenor Towers Norway AS?
The operating margin was 31.6% in 2025, against a median of 6.9% among companies in the Morning class Large in the same sector. Return on assets was 17.6%.
How solid is Telenor Towers Norway AS?
The equity ratio was 1.4% in 2025 (median 28.2%). Debt-to-equity was 72.91 (median 2.51).
What is the liquidity of Telenor Towers Norway AS like?
The current ratio was 0.60 in 2025 (median 1.05). Current assets did not cover current liabilities.
How does Telenor Towers Norway AS compare in Informasjon og kommunikasjon?
Telenor Towers Norway AS ranks 1,597 of 2,192 in Informasjon og kommunikasjon for 2025. Among companies in the Morning class Large it is number 104 of 132. Revenue changed by 2.7% 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.
- 971050365
- Legal form
- AS · part of a group
- Sector
- Informasjon og kommunikasjon (61.100)
- Morning company class
- Large
- Employees
- 90 registered 10 September 2026
- Founded
- 27 June 1994 32 years in operation
- Share capital
- 66.27 MNOK
- Business address
- Snarøyveien 30, 1360 FORNEBU (BÆRUM)
- Municipality
- Bærum rank 1 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
Loading roles …
Source: Central Coordinating Register, fetched 31 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 1 November 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 34 | 41 | 39 | |
| Rank | 1,649 | 1,539 | 1,597 | |
| Operating margin | 26.7% | 27.4% | 31.6% | |
| Return on assets | 14.2% | 15.2% | 17.6% | |
| Equity ratio | 11.7% | 13.1% | 1.4% | |
| Current ratio | 0.63 | 0.67 | 0.60 | |
| Revenue growth | – | −2.1% | 2.7% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 2,555.0 MNOK | 2,502.1 MNOK | 2,569.3 MNOK |
| Operating profit | 682.6 MNOK | 686.1 MNOK | 812.0 MNOK |
| Profit before tax | 654.5 MNOK | 724.4 MNOK | 838.0 MNOK |
| Net profit | 510.5 MNOK | 565.0 MNOK | 653.6 MNOK |
| Financial expenses | 65.7 MNOK | 11.9 MNOK | 23.5 MNOK |
| Total assets | 5,065.8 MNOK | 4,834.3 MNOK | 4,899.5 MNOK |
| Current assets | 1,216.4 MNOK | 1,037.3 MNOK | 1,142.4 MNOK |
| Equity | 594.4 MNOK | 634.4 MNOK | 66.3 MNOK |
| Retained earnings | −307.5 MNOK | 35.0 MNOK | – |
| Total liabilities | 4,471.4 MNOK | 4,199.9 MNOK | 4,833.3 MNOK |
| Current liabilities | 1,937.3 MNOK | 1,548.4 MNOK | 1,912.9 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 1 November 2026, accounts id 6974982.
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