Lede AS
Score · fiscal year 2025
50of 100
How to read this: the company is ahead of 52 % of companies in the Morning class Large in the same sector in 2025. What does this mean?
Rank in the Morning class Large: 30 of 62 · What are Morning company classes?
Place in the whole sector: 425 of 865 · Kraft og energi
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 48 and solidity 61 out of 100 among companies in the Morning class Large in the same sector in 2025. Methodology
Against the sector
Lede AS is 1 points above the median for companies in the Morning class Large in the same sector in 2025.
Median score 49 among 62 companies.
Against companies in the Morning class Large in the same sector in 2025: operating margin 25.2% (median 16.8%) and equity ratio 40.0% (median 35.7%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 2,272 MNOK | 1,513 MNOK |
| Operating margin | 25.2% | 16.8% |
| Profit margin | 16.2% | 16.0% |
| Return on assets | 6.3% | 8.1% |
| Equity ratio | 40.0% | 35.7% |
| Debt-to-equity | 1.50 | 1.80 |
| Current ratio | 0.93 | 1.05 |
| Revenue growth | 5.6% | 9.7% |
| Revenue per employee | 5.28 MNOK | 27.81 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 50, Lede AS does better than 52% of companies in the Morning class Large in the same sector (62 companies) in 2025.
Score 2023–2025
- Lede AS
- Median: companies in the Morning class Large in the same sector
Lede AS has a score of 50 for 2025, rank 425 of 865 in the sector.
Strongest: Solidity: percentile 61 against peers, equity ratio 40.0% against a median of 35.7%.
Weakest: Liquidity: percentile 34 against peers, current ratio 0.93 against a median of 1.05.
Worth a closer look
- Consider strengthening liquidity: current liabilities are 1.1 times current assets. Based on: current ratio 0.93 (median 1.05).
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
Lede AS had an operating margin of 25.2% and an equity ratio of 40.0% in 2025, and ranks 425 of 865 in Kraft og energi.
From 2024 to 2025: the operating margin rose from 20.8% to 25.2%.
Lede AS did better than the sector in 2025, the sector's weakest year.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 2,870 MNOK and 3,764 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 2,870 MNOK |
| EV/EBIT | 8.0 | debt above value |
| P/B | 1.0 | 3,764 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
Consider strengthening liquidity: current liabilities are 1.1 times current assets.
Based on: Current ratio 0.93 (median 1.05).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 4.0% 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
No anomalies found in the figures.
Scenario analysis: the sector's weakest year
The operating margin was 25.2% in 2025 (sector median 16.1%), and the equity ratio 40.0%. In the other years the operating margin averaged 24.9%.
The sector's weakest year was 2025, with a median operating margin of 16.1%. 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 | 48 | weight 30% |
|---|---|---|
| Solidity | 61 | weight 25% |
| Liquidity | 34 | weight 15% |
| Growth | 44 | weight 15% |
| Consistency | 59 | weight 15% |
Durability: 57 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Lede AS?
The operating margin was 25.2% in 2025, against a median of 16.8% among companies in the Morning class Large in the same sector. Return on assets was 6.3%.
How solid is Lede AS?
The equity ratio was 40.0% in 2025 (median 35.7%). Debt-to-equity was 1.50 (median 1.80).
What is the liquidity of Lede AS like?
The current ratio was 0.93 in 2025 (median 1.05). Current assets did not cover current liabilities.
How does Lede AS compare in Kraft og energi?
Lede AS ranks 425 of 865 in Kraft og energi for 2025. Among companies in the Morning class Large it is number 30 of 62. Revenue changed by 5.6% 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.
- 979422679
- Legal form
- AS · part of a group
- Sector
- Kraft og energi (35.140)
- Morning company class
- Large
- Employees
- 430 registered 10 September 2026
- Founded
- 21 November 1997 28 years in operation
- Share capital
- 637.49 MNOK
- Business address
- Floodeløkka 1, 3915 PORSGRUNN
- Municipality
- Porsgrunn rank 5–12 of 13 in KOSTRA group 10
- Latest accounts filed
- 2025
- Website
- www.lede.no
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 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 28 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 60 | 62 | 50 | |
| Rank | 256 | 196 | 425 | |
| Operating margin | 28.9% | 20.8% | 25.2% | |
| Return on assets | 6.9% | 5.1% | 6.3% | |
| Equity ratio | 35.9% | 39.3% | 40.0% | |
| Current ratio | 1.34 | 1.70 | 0.93 | |
| Revenue growth | – | 18.0% | 5.6% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 1,822.5 MNOK | 2,150.9 MNOK | 2,271.9 MNOK |
| Operating profit | 527.4 MNOK | 447.8 MNOK | 572.1 MNOK |
| Profit before tax | 330.5 MNOK | 211.1 MNOK | 368.8 MNOK |
| Net profit | 257.6 MNOK | 164.4 MNOK | 287.0 MNOK |
| Financial expenses | 210.7 MNOK | 244.7 MNOK | 223.2 MNOK |
| Total assets | 7,897.8 MNOK | 8,858.2 MNOK | 9,415.2 MNOK |
| Current assets | 869.1 MNOK | 1,147.8 MNOK | 843.5 MNOK |
| Equity | 2,836.7 MNOK | 3,476.9 MNOK | 3,763.9 MNOK |
| Retained earnings | 1,932.4 MNOK | 2,096.8 MNOK | 2,383.7 MNOK |
| Total liabilities | 5,061.1 MNOK | 5,381.2 MNOK | 5,651.3 MNOK |
| Current liabilities | 650.7 MNOK | 675.6 MNOK | 908.5 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 28 October 2026, accounts id 7106605.
Further
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