FORTUM STRØM AS
Score · fiscal year 2024
39of 100
How to read this: the company is ahead of 23 % of large companies in the same sector in 2024. What does this mean?
Rank: 620 of 840 · Kraft og energi
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 29 and solidity 15 out of 100 among large companies in the same sector in 2024. Methodology
Against the sector
FORTUM STRØM AS is 12 points below the median for large companies in the same sector in 2024.
Median score 51 among 40 companies.
Against large companies in the same sector in 2024: operating margin 1.4% (median 22.2%) and equity ratio 19.3% (median 35.0%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 8,215 MNOK | 2,139 MNOK |
| Operating margin | 1.4% | 22.2% |
| Profit margin | 1.2% | 15.1% |
| Return on assets | 7.1% | 8.0% |
| Equity ratio | 19.3% | 35.0% |
| Debt-to-equity | 4.18 | 1.86 |
| Current ratio | 1.21 | 1.08 |
| Revenue growth | 6.9% | −18.1% |
| Revenue per employee | 35.72 MNOK | 23.80 MNOK |
The median and “ahead of” refer to large companies in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
With an index of 39, FORTUM STRØM AS does better than 23% of large companies in the same sector (40 companies) in 2024.
Score 2023–2025
- FORTUM STRØM AS
- Median: large companies in the same sector
What the numbers say
FORTUM STRØM AS had an operating margin of 1.4% and an equity ratio of 19.3% in 2024, and ranks 620 of 840 in Kraft og energi.
No large changes in the key figures from 2023 to 2024.
FORTUM STRØM AS did about the same as the sector in 2025, the sector's weakest year.
This text is generated automatically from the 2024 accounts.
Three simple methods
The methods give between 409 MNOK and 1,089 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 1,089 MNOK |
| EV/EBIT | 8.0 | 700 MNOK |
| P/B | 1.0 | 409 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
The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors?
Based on: Operating margin 1.4% (median 22.2%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 3.1% of the debt in 2024. The policy rate averaged 4.50 % the same year. This is a plain description of what the debt cost, not a model of interest sensitivity.
Data quality
No anomalies found in the figures.
Scenario analysis: the sector's weakest year
The operating margin was 1.6% in 2025 (sector median 16.0%), and the equity ratio 24.8%. In the other years the operating margin averaged 1.3%.
The sector's weakest year was 2025, with a median operating margin of 16.0%. 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 | 29 | weight 30% |
|---|---|---|
| Solidity | 15 | weight 25% |
| Liquidity | 59 | weight 15% |
| Growth | 79 | weight 15% |
| Consistency | 38 | weight 15% |
Durability: 34 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is FORTUM STRØM AS?
The operating margin was 1.4% in 2024, against a median of 22.2% among large companies in the same sector. Return on assets was 7.1%.
How solid is FORTUM STRØM AS?
The equity ratio was 19.3% in 2024 (median 35.0%). Debt-to-equity was 4.18 (median 1.86).
What is the liquidity of FORTUM STRØM AS like?
The current ratio was 1.21 in 2024 (median 1.08).
How does FORTUM STRØM AS compare in Kraft og energi?
FORTUM STRØM AS ranks 620 of 840 in Kraft og energi for 2024. Among companies of the same size (large companies) it ranks 31 of 40. Revenue changed by 6.9% from the year before.
Public contracts
- Contracts awarded since 2024
- 1
- Total awarded value since 2024
- value not stated
- Framework agreements
- 1
- Left out of the total: the value is a ceiling, not actual spend.
| Date | Buyer | Notice | Value |
|---|---|---|---|
| 5 May 2024 | Innkjøpssamarbeidet i Østerdalen | HO-23-08 Kjøp av el-kraft | value not stated |
| 1 June 2023 | NRI Innkjøpssamarbeid | Rammeavtale for kjøp av elektrisk kraft og forvaltningstjenester | 93.9 MNOK |
| 23 September 2020 | OsloMet - storbyuniversitetet | Elektrisk strøm | value not stated |
| 31 January 2020 | Oslo kommune v/Vann- og avløpsetaten | Leveranse av elektrisk kraft til Bekkelaget renseanlegg | 84.0 MNOK |
| 12 September 2019 | Norsk Luftfartssenter Bodø AS | Norsk Luftfartssenter Bodø AS - Rammeavtale elektrisk kraft levering 1.1.2021 - 31.12.2023 | value not stated |
| 14 August 2019 | Midtre Namdal Avfallsselskap IKS | Kjøp av elektrisk kraft Midtre Namdal Avfallsselskap IKS, Retura NT AS og OKHH AS | value not stated |
| 20 July 2019 | Statens pensjonskasse | 18/029625 Kjøp av elektrisk kraft | value not stated |
| 1 May 2019 | Norsk Tipping AS | Kjøp av elektrisk kraft | value not stated |
| 23 January 2019 | Nedre Romerike Innkjøpssamarbeid NRI | Rammeavtale om kraftforvaltning for kjøp av elektrisk kraft | value not stated |
| 15 January 2019 | Romerike Avfallsforedling IKS (ROAF) | Rammeavtale om levering av elektrisk kraft og tilhørende tjenester | value not stated |
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.
- 982584027
- Legal form
- AS
- Sector
- Kraft og energi (35.150)
- Size tier
- large
- Employees
- 230 registered 10 October 2026
- Founded
- 30 June 2000 26 years in operation
- Share capital
- 228.51 MNOK
- Business address
- Askekroken 11, 0277 OSLO
- Municipality
- Oslo rank 63–221 of 357 in Norway
- Latest accounts filed
- 2025
- Website
- www.Fortum.no
- LEI
- 5967007LIEEXZX52OO97 renews 7 February 2027
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
- Hans-Erik Ramsdal
- Chair of the board
- Jostein Lindbo
- Board member
- Knut Braathen
- Board member
- Anne Veronika Hagborg
- Auditor
- DELOITTE 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 | 28 | 39 | 40 | |
| Rank | 698 | 620 | 605 | |
| Operating margin | 1.3% | 1.4% | 1.6% | |
| Return on assets | 6.9% | 7.1% | 6.0% | |
| Equity ratio | 17.2% | 19.3% | 24.8% | |
| Current ratio | 1.18 | 1.21 | 1.32 | |
| Revenue growth | – | 6.9% | 4.2% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 7,686.9 MNOK | 8,215.4 MNOK | 8,562.2 MNOK |
| Operating profit | 97.1 MNOK | 117.5 MNOK | 135.2 MNOK |
| Profit before tax | 58.1 MNOK | 98.8 MNOK | 131.1 MNOK |
| Net profit | 51.3 MNOK | 108.9 MNOK | 139.0 MNOK |
| Financial expenses | 104.2 MNOK | 52.8 MNOK | – |
| Total assets | 2,336.6 MNOK | 2,121.4 MNOK | 2,196.6 MNOK |
| Current assets | 2,061.0 MNOK | 1,768.8 MNOK | 1,891.0 MNOK |
| Equity | 402.6 MNOK | 409.4 MNOK | 544.6 MNOK |
| Retained earnings | 57.3 MNOK | 42.7 MNOK | 177.9 MNOK |
| Total liabilities | 1,934.0 MNOK | 1,711.9 MNOK | 1,652.0 MNOK |
| Current liabilities | 1,744.5 MNOK | 1,461.5 MNOK | 1,437.8 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 28 October 2026, accounts id 6118529.
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