Elvia AS
Score · fiscal year 2025
39of 100
How to read this: the company is ahead of 22 % of companies in the Morning class Large in the same sector in 2025. What does this mean?
Rank in the Morning class Large: 48 of 61 · What are Morning company classes?
Place in the whole sector: 634 of 863 · 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 40 and solidity 53 out of 100 among companies in the Morning class Large in the same sector in 2025. Methodology
Against the sector
Elvia AS is 9 points below the median for companies in the Morning class Large in the same sector in 2025.
Median score 48 among 61 companies.
Against companies in the Morning class Large in the same sector in 2025: operating margin 20.0% (median 17.7%) and equity ratio 36.3% (median 35.4%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 8,342 MNOK | 1,559 MNOK |
| Operating margin | 20.0% | 17.7% |
| Profit margin | 11.5% | 16.2% |
| Return on assets | 5.3% | 8.1% |
| Equity ratio | 36.3% | 35.4% |
| Debt-to-equity | 1.76 | 1.82 |
| Current ratio | 0.64 | 1.05 |
| Revenue growth | −1.5% | 10.0% |
| Revenue per employee | 8.88 MNOK | 28.54 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, Elvia AS does better than 22% of companies in the Morning class Large in the same sector (61 companies) in 2025.
Score 2023–2025
- Elvia AS
- Median: companies in the Morning class Large in the same sector
Elvia AS has a score of 39 for 2025, rank 634 of 863 in the sector.
Strongest: Solidity: percentile 53 against peers, equity ratio 36.3% against a median of 35.4%.
Weakest: Growth: percentile 17 against peers, revenue growth −1.5% against a median of 10.0%. Liquidity: percentile 20 against peers, current ratio 0.64 against a median of 1.05.
Worth a closer look
- Consider strengthening liquidity: current liabilities are 1.6 times current assets. Based on: current ratio 0.64 (median 1.05).
- What lies behind weak growth, 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
Elvia AS had an operating margin of 20.0% and an equity ratio of 36.3% in 2025, and ranks 634 of 863 in Kraft og energi.
No large changes in the key figures from 2024 to 2025.
Elvia 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 7,494 MNOK and 11,829 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 7,494 MNOK |
| EV/EBIT | 8.0 | debt above value |
| P/B | 1.0 | 11,829 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 1.6 times current assets.
Based on: Current ratio 0.64 (median 1.05).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 3.7% 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 20.0% in 2025 (sector median 16.1%), and the equity ratio 36.3%. In the other years the operating margin averaged 25.2%.
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 | 40 | weight 30% |
|---|---|---|
| Solidity | 53 | weight 25% |
| Liquidity | 20 | weight 15% |
| Growth | 17 | weight 15% |
| Consistency | 51 | weight 15% |
Durability: 44 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Elvia AS?
The operating margin was 20.0% in 2025, against a median of 17.7% among companies in the Morning class Large in the same sector. Return on assets was 5.3%.
How solid is Elvia AS?
The equity ratio was 36.3% in 2025 (median 35.4%). Debt-to-equity was 1.76 (median 1.82).
What is the liquidity of Elvia AS like?
The current ratio was 0.64 in 2025 (median 1.05). Current assets did not cover current liabilities.
How does Elvia AS compare in Kraft og energi?
Elvia AS ranks 634 of 863 in Kraft og energi for 2025. Among companies in the Morning class Large it is number 48 of 61. Revenue changed by −1.5% 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.
- 980489698
- Legal form
- AS · part of a group
- Sector
- Kraft og energi (35.140)
- Morning company class
- Large
- Employees
- 939 registered 10 September 2026
- Founded
- 29 October 1998 28 years in operation
- Share capital
- 150.20 MNOK
- Business address
- Vangsvegen 71, 2317 HAMAR
- Municipality
- Hamar rank 1–5 of 13 in KOSTRA group 10
- Latest accounts filed
- 2025
- Website
- www.elvia.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
- Chief executive
- Anne Sagstuen Nysæther
- Chair of the board
- Henning Olsen
- Board member
- Hans Sakrisrud
- Board member
- Tore Olaf Rimmereid
- Board member
- Merete Lie Holen
- Board member
- Toril Benum
- Board member
- Ida Kristin Amb
- Board member
- Toril Brandal Leine
- Board member
- Tor-Arne Kjærnsmo
- Board member
- Jørn Gunnar Gunnarson Kleven
- Board member
- Tone Li Sandvik
- Deputy member
- Tommy Linder
- Deputy member
- Kathrine Wiulsrød Lunder
- Deputy member
- Per Kristian Akre
- Deputy member
- Ann Kristin Haraseth
- Deputy member
- Janne Drognes
- Deputy member
- Johnny Kjønås
- Auditor
- Pricewaterhousecoopers AS
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 | 45 | 49 | 39 | |
| Rank | 492 | 469 | 634 | |
| Operating margin | 29.3% | 21.2% | 20.0% | |
| Return on assets | 8.0% | 6.2% | 5.3% | |
| Equity ratio | 32.2% | 35.0% | 36.3% | |
| Current ratio | 1.04 | 0.98 | 0.64 | |
| Revenue growth | – | 5.1% | −1.5% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 8,053.5 MNOK | 8,466.1 MNOK | 8,342.2 MNOK |
| Operating profit | 2,355.9 MNOK | 1,792.2 MNOK | 1,667.0 MNOK |
| Profit before tax | 1,669.9 MNOK | 1,038.9 MNOK | 962.9 MNOK |
| Net profit | 1,301.9 MNOK | 808.8 MNOK | 749.4 MNOK |
| Financial expenses | 819.7 MNOK | 903.6 MNOK | 768.4 MNOK |
| Total assets | 31,105.7 MNOK | 31,472.0 MNOK | 32,594.8 MNOK |
| Current assets | 3,407.2 MNOK | 2,443.5 MNOK | 1,567.7 MNOK |
| Equity | 10,003.3 MNOK | 10,999.7 MNOK | 11,829.1 MNOK |
| Retained earnings | 2,361.1 MNOK | 3,357.5 MNOK | 4,119.0 MNOK |
| Total liabilities | 21,102.4 MNOK | 20,472.3 MNOK | 20,765.7 MNOK |
| Current liabilities | 3,273.3 MNOK | 2,492.7 MNOK | 2,448.2 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 28 October 2026, accounts id 6896396.
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