Findus Norge AS
Score · fiscal year 2025
43of 100
How to read this: the company is ahead of 36 % of companies in the Morning class Large in the same sector in 2025. What does this mean?
Rank in the Morning class Large: 201 of 312 · What are Morning company classes?
Place in the whole sector: 1,562 of 2,392 · Industri
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 52 and solidity 51 out of 100 among companies in the Morning class Large in the same sector in 2025. Methodology
Against the sector
Findus Norge AS is 6 points below the median for companies in the Morning class Large in the same sector in 2025.
Median score 49 among 312 companies.
Against companies in the Morning class Large in the same sector in 2025: operating margin 6.4% (median 6.3%) and equity ratio 35.8% (median 33.3%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 1,425 MNOK | 1,147 MNOK |
| Operating margin | 6.4% | 6.3% |
| Profit margin | 6.6% | 6.5% |
| Return on assets | 12.7% | 11.5% |
| Equity ratio | 35.8% | 33.3% |
| Debt-to-equity | 1.79 | 1.94 |
| Current ratio | 0.92 | 1.31 |
| Revenue growth | 0.7% | 7.2% |
| Revenue per employee | 7.50 MNOK | 6.01 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 43, Findus Norge AS does better than 36% of companies in the Morning class Large in the same sector (312 companies) in 2025.
Score 2023–2025
- Findus Norge AS
- Median: companies in the Morning class Large in the same sector
Findus Norge AS has a score of 43 for 2025, rank 1,562 of 2,392 in the sector.
Strongest: Profitability: percentile 52 against peers, operating margin 6.4% against a median of 6.3%.
Weakest: Liquidity: percentile 16 against peers, current ratio 0.92 against a median of 1.31. Growth: percentile 30 against peers, revenue growth 0.7% against a median of 7.2%.
Worth a closer look
- Consider strengthening liquidity: current liabilities are 1.1 times current assets. Based on: current ratio 0.92 (median 1.31).
- 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
Findus Norge AS had an operating margin of 6.4% and an equity ratio of 35.8% in 2025, and ranks 1,562 of 2,392 in Industri.
No large changes in the key figures from 2024 to 2025.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 357 MNOK and 730 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 730 MNOK |
| EV/EBIT | 8.0 | 726 MNOK |
| P/B | 1.0 | 357 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 0.92 (median 1.31).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 5.0% 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
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 −0.8%. Based on the 10 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 52 | weight 30% |
|---|---|---|
| Solidity | 51 | weight 25% |
| Liquidity | 16 | weight 15% |
| Growth | 30 | weight 15% |
| Consistency | 51 | weight 15% |
Durability: 50 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Findus Norge AS?
The operating margin was 6.4% in 2025, against a median of 6.3% among companies in the Morning class Large in the same sector. Return on assets was 12.7%.
How solid is Findus Norge AS?
The equity ratio was 35.8% in 2025 (median 33.3%). Debt-to-equity was 1.79 (median 1.94).
What is the liquidity of Findus Norge AS like?
The current ratio was 0.92 in 2025 (median 1.31). Current assets did not cover current liabilities.
How does Findus Norge AS compare in Industri?
Findus Norge AS ranks 1,562 of 2,392 in Industri for 2025. Among companies in the Morning class Large it is number 201 of 312. Revenue changed by 0.7% 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.
- 981279980
- Legal form
- AS · part of a group
- Sector
- Industri (10.850)
- Morning company class
- Large
- Employees
- 190 registered 10 October 2026
- Founded
- 9 November 1999 26 years in operation
- Share capital
- 49.53 MNOK
- Business address
- Drammensveien 288, 0283 OSLO
- Municipality
- Oslo rank 63–220 of 357 in Norway
- Latest accounts filed
- 2025
- LEI
- 213800HMH3LEAQCCW781 not renewed (lapsed)
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
- Erik Aunet
- Chair of the board
- Kasper Grønnegaard Lauridsen
- Board member
- Catrine Vatne Brauti
- Board member
- Jonas Anders Engström Almqvist
- Board member
- Alexander Groos
- Board member
- Yann Fabrice Montalbot
- Deputy member
- Ingvild Cathrine Bøhm-Pedersen
- Auditor
- Pricewaterhousecoopers AS
- Accountant
- KPMG Accounting AS
Source: Central Coordinating Register, fetched 31 October 2026. Only names are shown.
- Parent company
- Nomad Foods LIMITED (VG)
Foreign-owned according to GLEIF.
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 30 October 2026. The parent is the one the company itself reported to GLEIF.
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 31 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 65 | 43 | 43 | |
| Rank | 642 | 1,548 | 1,562 | |
| Operating margin | 5.9% | 4.7% | 6.4% | |
| Return on assets | 12.1% | 8.8% | 12.7% | |
| Equity ratio | 52.7% | 33.6% | 35.8% | |
| Current ratio | 1.32 | 1.28 | 0.92 | |
| Revenue growth | – | −0.6% | 0.7% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 1,424.4 MNOK | 1,416.0 MNOK | 1,425.5 MNOK |
| Operating profit | 84.5 MNOK | 66.0 MNOK | 91.9 MNOK |
| Profit before tax | 107.6 MNOK | 79.4 MNOK | 94.1 MNOK |
| Net profit | 83.2 MNOK | 61.8 MNOK | 73.0 MNOK |
| Financial expenses | 77.3 MNOK | 26.4 MNOK | 31.9 MNOK |
| Total assets | 1,523.2 MNOK | 1,198.8 MNOK | 996.0 MNOK |
| Current assets | 940.2 MNOK | 1,002.2 MNOK | 577.3 MNOK |
| Equity | 803.0 MNOK | 402.5 MNOK | 356.9 MNOK |
| Retained earnings | 647.3 MNOK | 246.8 MNOK | 201.1 MNOK |
| Total liabilities | 720.1 MNOK | 796.3 MNOK | 639.2 MNOK |
| Current liabilities | 711.5 MNOK | 785.0 MNOK | 626.0 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 31 October 2026, accounts id 7075468.
Further
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