Telenor Shared Services AS
Score · fiscal year 2025
65of 100
How to read this: the company is ahead of 81 % of companies in the Morning class Large in the same sector in 2025. What does this mean?
Rank in the Morning class Large: 13 of 65 · What are Morning company classes?
Place in the whole sector: 456 of 2,040 · Forretningsmessig tjenesteyting
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 87 and solidity 58 out of 100 among companies in the Morning class Large in the same sector in 2025. Methodology
Against the sector
Telenor Shared Services AS is 16 points above the median for companies in the Morning class Large in the same sector in 2025.
Median score 49 among 65 companies.
Against companies in the Morning class Large in the same sector in 2025: operating margin 21.5% (median 3.8%) and equity ratio 24.9% (median 20.6%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 590 MNOK | 888 MNOK |
| Operating margin | 21.5% | 3.8% |
| Profit margin | 21.5% | 3.8% |
| Return on assets | 17.6% | 9.3% |
| Equity ratio | 24.9% | 20.6% |
| Debt-to-equity | 3.02 | 3.86 |
| Current ratio | 1.17 | 1.09 |
| Revenue growth | 32.3% | 5.1% |
| Revenue per employee | 3.60 MNOK | 3.73 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 65, Telenor Shared Services AS does better than 81% of companies in the Morning class Large in the same sector (65 companies) in 2025.
Score 2023–2025
- Telenor Shared Services AS
- Median: companies in the Morning class Large in the same sector
Telenor Shared Services AS has a score of 65 for 2025, rank 456 of 2,040 in the sector.
Strongest: Growth: percentile 91 against peers, revenue growth 32.3% against a median of 5.1%. Profitability: percentile 87 against peers, operating margin 21.5% against a median of 3.8%.
Weakest: Consistency: percentile 9 against peers.
Worth a closer look
- Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have? Based on: revenue growth 32.3% (median 5.1%); current ratio 1.17 (median 1.09).
- What lies behind weak consistency, 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
Telenor Shared Services AS had an operating margin of 21.5% and an equity ratio of 24.9% in 2025, and ranks 456 of 2,040 in Forretningsmessig tjenesteyting.
From 2024 to 2025: the operating margin rose from −5.2% to 21.5% and went from a loss to a profit before tax.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 203 MNOK and 1,107 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 1,107 MNOK |
| EV/EBIT | 8.0 | 963 MNOK |
| P/B | 1.0 | 203 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
Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have?
Based on: Revenue growth 32.3% (median 5.1%); Current ratio 1.17 (median 1.09).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 2.7% 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
We have no accounts for 2026, the sector's weakest year, for this company.
The sector's weakest year was 2026, with a median operating margin of −3.2%. Based on the 9 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 87 | weight 30% |
|---|---|---|
| Solidity | 58 | weight 25% |
| Liquidity | 61 | weight 15% |
| Growth | 91 | weight 15% |
| Consistency | 9 | weight 15% |
Durability: 56 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Telenor Shared Services AS?
The operating margin was 21.5% in 2025, against a median of 3.8% among companies in the Morning class Large in the same sector. Return on assets was 17.6%.
How solid is Telenor Shared Services AS?
The equity ratio was 24.9% in 2025 (median 20.6%). Debt-to-equity was 3.02 (median 3.86).
What is the liquidity of Telenor Shared Services AS like?
The current ratio was 1.17 in 2025 (median 1.09).
How does Telenor Shared Services AS compare in Forretningsmessig tjenesteyting?
Telenor Shared Services AS ranks 456 of 2,040 in Forretningsmessig tjenesteyting for 2025. Among companies in the Morning class Large it is number 13 of 65. Revenue changed by 32.3% 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.
- 983337406
- Legal form
- AS · part of a group
- Sector
- Forretningsmessig tjenesteyting (82.100)
- Morning company class
- Large
- Employees
- 164 registered 10 October 2026
- Founded
- 26 April 2001 25 years in operation
- Share capital
- 125.00 MNOK
- Business address
- Snarøyveien 30, 1360 FORNEBU (BÆRUM)
- Municipality
- Bærum rank 1 of 11 in KOSTRA group 12
- 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
Loading roles …
Source: Central Coordinating Register, fetched 31 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 31 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 49 | 54 | 65 | |
| Rank | 983 | 856 | 456 | |
| Operating margin | 1.9% | −5.2% | 21.5% | |
| Return on assets | 3.5% | −0.4% | 17.6% | |
| Equity ratio | 44.4% | 66.1% | 24.9% | |
| Current ratio | 1.71 | 2.86 | 1.17 | |
| Revenue growth | – | 4.9% | 32.3% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 425.3 MNOK | 446.0 MNOK | 590.0 MNOK |
| Operating profit | 8.2 MNOK | −23.2 MNOK | 126.7 MNOK |
| Profit before tax | 26.9 MNOK | −6.7 MNOK | 127.1 MNOK |
| Net profit | 21.0 MNOK | −5.4 MNOK | 110.7 MNOK |
| Financial expenses | 5.0 MNOK | 4.1 MNOK | 16.7 MNOK |
| Total assets | 921.9 MNOK | 634.5 MNOK | 816.4 MNOK |
| Current assets | 776.6 MNOK | 480.9 MNOK | 659.8 MNOK |
| Equity | 409.0 MNOK | 419.2 MNOK | 203.2 MNOK |
| Retained earnings | −217.0 MNOK | −206.8 MNOK | −422.8 MNOK |
| Total liabilities | 512.9 MNOK | 215.3 MNOK | 613.3 MNOK |
| Current liabilities | 455.0 MNOK | 168.4 MNOK | 562.6 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 31 October 2026, accounts id 7097746.
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