Implenia Norge AS

Org. no. 980332977 · Bærum · Founded 1998 · 485 employees

Score · fiscal year 2023

40of 100

How to read this: the company is ahead of 35 % of companies in the Morning class Large in the same sector in 2023. What does this mean?

Rank in the Morning class Large: 97 of 148 · What are Morning company classes?
Place in the whole sector: 11,954 of 18,347 · Bygg og anlegg

Profile

Elephant · Steward

Lower profitability, high solidity

Position against comparable companies in 2023, not a verdict on the company. Based on profitability 50 and solidity 73 out of 100 among companies in the Morning class Large in the same sector in 2023. Methodology

Against the sector

Implenia Norge AS is 10 points below the median for companies in the Morning class Large in the same sector in 2023.

Median score 50 among 148 companies.

Against companies in the Morning class Large in the same sector in 2023: operating margin 4.3% (median 3.7%) and equity ratio 28.5% (median 22.7%).

Source: Register of Company Accounts and Central Coordinating RegisterFetched 28 October 2026Report an issue
Key figures · 2023

The numbers behind the score

The numbers behind the score · 2023
MeasureCompanyMedianAhead of
Operating revenue3,492 MNOK805 MNOK
Operating margin 4.3% 3.7% 57 %
Profit margin 4.1% 4.3% shown, not part of the index
Return on assets 8.2% 9.2% 42 %
Equity ratio 28.5% 22.7% 73 %
Debt-to-equity 2.51 3.38 73 %
Current ratio 0.62 1.20 3 %
Revenue growth – – not compared
Revenue per employee7.20 MNOK5.16 MNOK

The median and “ahead of” refer to companies in the Morning class Large in the same sector in 2023. The bar shows the share of companies the figure is ahead of.

With an index of 40, Implenia Norge AS does better than 35% of companies in the Morning class Large in the same sector (148 companies) in 2023.

Over time

Score 2023–2025

CompanyMedian0255075100202320242025
  • Implenia Norge AS
  • Median: companies in the Morning class Large in the same sector
Analysis · 2023

What the numbers say

Implenia Norge AS had an operating margin of 4.3% and an equity ratio of 28.5% in 2023, and ranks 11,954 of 18,347 in Bygg og anlegg.

This text is generated automatically from the 2023 accounts.

Estimated value · 2023

Three simple methods

The methods give between 628 MNOK and 1,376 MNOK.

MethodInputMultipleEstimate
P/E Net profit: 111.9 MNOK 10.0 1,119 MNOK
EV/EBIT Operating profit: 151.2 MNOK
minus net debt −166.6 MNOK
8.0 1,376 MNOK
P/B Equity: 627.6 MNOK 1.0 628 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

Indications · 2023

Worth a closer look

  • watch

    Consider strengthening liquidity: current liabilities are 1.6 times current assets.

    Based on: Current ratio 0.62 (median 1.20).

Indications based on the latest annual accounts from open data. Not investment or financial advice.

Financial costs were 2.4% of the debt in 2023. The policy rate averaged 3.54 % 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.

Stress test · 2021

Scenario analysis: the sector's weakest year

We have no accounts for 2021, the sector's weakest year, for this company.

The sector's weakest year was 2021, with a median operating margin of 1.8%. Based on the 10 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology

Components · 2023

What the score is made of

Profitability50 weight 30%
Solidity73 weight 25%
Liquidity3 weight 15%
Growth– no data, left out
Consistency2 weight 15%

Index version 2. Data completeness 85%: the share of the weights that had data.

2023

Questions and answers

How profitable is Implenia Norge AS?

The operating margin was 4.3% in 2023, against a median of 3.7% among companies in the Morning class Large in the same sector. Return on assets was 8.2%.

How solid is Implenia Norge AS?

The equity ratio was 28.5% in 2023 (median 22.7%). Debt-to-equity was 2.51 (median 3.38).

What is the liquidity of Implenia Norge AS like?

The current ratio was 0.62 in 2023 (median 1.20). Current assets did not cover current liabilities.

How does Implenia Norge AS compare in Bygg og anlegg?

Implenia Norge AS ranks 11,954 of 18,347 in Bygg og anlegg for 2023. Among companies in the Morning class Large it is number 97 of 148.

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.

Public contracts

Contracts awarded since 2024
1
Total awarded value since 2024
value not stated
1 contracts without a stated value are not in the total.
DateBuyerNotice ValueCPV
13 June 2024 Statens vegvesen E39 Rogfast. Entreprise E02. Midtre del av Boknafjordtunnelen, komplettering Kvitsøytunnelen value not stated 45221100
6 January 2023 Statens vegvesen E39 Rogfast. Entreprise E03 – Hovedtunneler, Harestad – entreprisegrense E03/E02 4,022.5 MNOK 45000000
22 April 2022 Bane NOR SF KS-2 Totalentreprise Tangenvika jernbanebru 1,800.0 MNOK 45220000
3 May 2021 Oslo kommune v/Fornebubanen Tunnel og grunnarbeider Lysaker - Fornebu - K2A 1,244.6 MNOK 45000000
13 October 2020 Viken fylkeskommune Fv. 2904 06-2113 Austvoll III, ny bru og veitilknyting 62.5 MNOK 45000000
17 June 2019 Bane NOR SF SMS 2A Totalentreprise underbygning 6,340.5 MNOK 45000000
7 May 2019 Statens vegvesen Seivika-, Tømmervåg- og Edøy fergekai value not stated 45000000
29 January 2019 Sula kommune Hovudentreprise rehabilitering dammar 2.0 MNOK 45000000
25 January 2019 Statens vegvesen Fv. 6312 Berfjorden - Skredsikringstiltak value not stated 45000000
7 August 2018 Sporveien AS Oppgradering av Grefsenveien Øvre - Vei, Byspor og legging av ny overføringsledning for vannforsyning 143.5 MNOK 45000000

Based on notices in Doffin. Does not show call-offs under framework agreements or purchases below the publication threshold. Values are as stated by the buyer.

Source: Doffin (DFØ), fetched 28 October 2026. Winners are matched on organisation number.

Contains data under the Norwegian licence for public data (NLOD 2.0) made available by Doffin/the Norwegian Agency for Public and Financial Management (DFØ). NLOD 2.0

From the Central Coordinating Register

Org. no.
980332977
Legal form
AS · part of a group
Sector
Bygg og anlegg (42.130)
Morning company class
Large
Employees
485 registered 10 October 2026
Founded
12 November 1998 27 years in operation
Share capital
12.49 MNOK
Business address
Fornebuveien 11, 1366 LYSAKER (BÆRUM)
Municipality
Bærum rank 1 of 11 in KOSTRA group 12
Latest accounts filed
2025
Website
www.implenia.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.

Report an issue

Figures last fetched 28 October 2026.

Details

Year by year · 2023–2025

Key figure202320242025Trend
Index403845
Rank11,95413,98512,130
Operating margin4.3%2.2%4.0%
Return on assets8.2%4.9%8.6%
Equity ratio28.5%27.1%40.3%
Current ratio0.620.630.71
Revenue growth–4.4%−19.3%

Accounts

From the Brønnøysund Register Centre, in the company's reporting currency (NOK).

Key figure202320242025
Operating revenue3,492.3 MNOK3,647.6 MNOK2,945.3 MNOK
Operating profit151.2 MNOK80.5 MNOK117.9 MNOK
Profit before tax143.6 MNOK96.5 MNOK116.6 MNOK
Net profit111.9 MNOK75.2 MNOK86.0 MNOK
Financial expenses37.6 MNOK29.4 MNOK50.6 MNOK
Total assets2,199.9 MNOK2,592.0 MNOK1,955.3 MNOK
Current assets816.5 MNOK1,007.1 MNOK652.1 MNOK
Equity627.6 MNOK702.8 MNOK788.8 MNOK
Retained earnings−620.5 MNOK−545.3 MNOK−459.3 MNOK
Total liabilities1,572.4 MNOK1,889.3 MNOK1,166.5 MNOK
Current liabilities1,311.0 MNOK1,605.1 MNOK916.2 MNOK

Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 28 October 2026, accounts id 4937963.