EASTERN NORGE SVARTISEN AS
Score · fiscal year 2024
62of 100
How to read this: the company is ahead of 82 % of medium-sized companies in the same sector in 2024. What does this mean?
Rank: 207 of 1,020 · Kraft og energi
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 81 and solidity 74 out of 100 among medium-sized companies in the same sector in 2024. Methodology
Against the sector
EASTERN NORGE SVARTISEN AS is 12 points above the median for medium-sized companies in the same sector in 2024.
Median score 50 among 142 companies.
Against medium-sized companies in the same sector in 2024: operating margin 42.2% (median 15.5%) and equity ratio 62.7% (median 42.8%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 207 MNOK | 206 MNOK |
| Operating margin | 42.2% | 15.5% |
| Profit margin | 34.2% | 13.8% |
| Return on assets | 7.3% | 5.7% |
| Equity ratio | 62.7% | 42.8% |
| Debt-to-equity | 0.60 | 1.22 |
| Current ratio | 0.92 | 1.16 |
| Revenue growth | −19.8% | −2.1% |
The median and “ahead of” refer to medium-sized companies in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
With an index of 62, EASTERN NORGE SVARTISEN AS does better than 82% of medium-sized companies in the same sector (142 companies) in 2024.
Score 2023–2025
- EASTERN NORGE SVARTISEN AS
- Median: medium-sized companies in the same sector
What the numbers say
EASTERN NORGE SVARTISEN AS had an operating margin of 42.2% and an equity ratio of 62.7% in 2024, and ranks 207 of 1,020 in Kraft og energi.
From 2023 to 2024: the operating margin fell from 55.3% to 42.2% and revenue fell by 20%.
This text is generated automatically from the 2024 accounts.
Three simple methods
The methods give between 27 MEUR and 66 MEUR.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 27 MEUR |
| EV/EBIT | 8.0 | 27 MEUR |
| P/B | 1.0 | 66 MEUR |
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 0.92 (median 1.16).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Data quality
- watch Reports in a currency other than NOK
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 0.3%. 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 | 81 | weight 30% |
|---|---|---|
| Solidity | 74 | weight 25% |
| Liquidity | 37 | weight 15% |
| Growth | 28 | weight 15% |
| Consistency | 64 | weight 15% |
Durability: 60 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is EASTERN NORGE SVARTISEN AS?
The operating margin was 42.2% in 2024, against a median of 15.5% among medium-sized companies in the same sector. Return on assets was 7.3%.
How solid is EASTERN NORGE SVARTISEN AS?
The equity ratio was 62.7% in 2024 (median 42.8%). Debt-to-equity was 0.60 (median 1.22).
What is the liquidity of EASTERN NORGE SVARTISEN AS like?
The current ratio was 0.92 in 2024 (median 1.16). Current assets did not cover current liabilities.
How does EASTERN NORGE SVARTISEN AS compare in Kraft og energi?
EASTERN NORGE SVARTISEN AS ranks 207 of 1,020 in Kraft og energi for 2024. Among companies of the same size (medium-sized companies) it ranks 26 of 142. Revenue changed by −19.8% from the year before.
From the Central Coordinating Register
- Org. no.
- 980251160
- Legal form
- AS
- Sector
- Kraft og energi (35.121)
- Size tier
- medium
- Employees
- 0–4 (not registered)
- Founded
- 12 October 1998 28 years in operation
- Share capital
- 200.00 MNOK
- Business address
- c/o Nordlandskraft AS, Prinsens gate 100, 8005 BODØ
- Municipality
- Bodø rank 4–10 of 10 in KOSTRA group 11
- 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
- Riku Tapani Kananen
- Chair of the board
- Jukka Ilmari Toivonen
- Board member
- Timo Kalevi Honkanen
- Deputy member
- Tommi Sakari Kantola
- Auditor
- ERNST & YOUNG AS
- Accountant
- AIDER AS
- Accountant
- ECHAS REVISJON AS
Source: Central Coordinating Register, fetched 25 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 | 57 | 62 | 52 | |
| Rank | 307 | 207 | 484 | |
| Operating margin | 55.3% | 42.2% | 21.6% | |
| Return on assets | 10.7% | 7.3% | 3.3% | |
| Equity ratio | 53.4% | 62.7% | 63.7% | |
| Current ratio | 1.02 | 0.92 | 1.79 | |
| Revenue growth | – | −19.8% | −22.6% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (EUR). Revenue in NOK is converted from EUR at the mean rate for the accounting period 1 January 2024–31 December 2024: 11.6276 (norges_bank). Balance-sheet amounts use the rate on the balance-sheet date. Ratios and growth are computed in EUR. Exchange rates at Norges Bank
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 22.2 MEUR | 17.8 MEUR | 13.8 MEUR |
| Operating profit | 12.3 MEUR | 7.5 MEUR | 3.0 MEUR |
| Profit before tax | 11.3 MEUR | 6.1 MEUR | 1.8 MEUR |
| Net profit | 4.1 MEUR | 2.7 MEUR | 3.6 MEUR |
| Financial expenses | 1.8 MEUR | 1.6 MEUR | 1.7 MEUR |
| Total assets | 122.0 MEUR | 105.4 MEUR | 107.5 MEUR |
| Current assets | 19.2 MEUR | 6.1 MEUR | 10.5 MEUR |
| Equity | 65.2 MEUR | 66.1 MEUR | 68.5 MEUR |
| Retained earnings | 0.2 MEUR | 1.1 MEUR | 3.5 MEUR |
| Total liabilities | 56.8 MEUR | 39.4 MEUR | 39.0 MEUR |
| Current liabilities | 18.8 MEUR | 6.6 MEUR | 5.9 MEUR |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 28 October 2026, accounts id 5723283.
Further
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