FJORD1 AS
Score · fiscal year 2025
44of 100
How to read this: the company is ahead of 40 % of large companies in the same sector in 2025. What does this mean?
Rank: 1,277 of 2,035 · Sjøfart
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 58 and solidity 10 out of 100 among large companies in the same sector in 2025. Methodology
Against the sector
FJORD1 AS is 8 points below the median for large companies in the same sector in 2025.
Median score 52 among 111 companies.
Against large companies in the same sector in 2025: operating margin 15.3% (median 8.7%) and equity ratio 8.5% (median 68.8%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 3,926 MNOK | 1,769 MNOK |
| Operating margin | 15.3% | 8.7% |
| Profit margin | 4.0% | 5.5% |
| Return on assets | 6.4% | 4.6% |
| Equity ratio | 8.5% | 68.8% |
| Debt-to-equity | 10.81 | 0.44 |
| Current ratio | 1.29 | 1.18 |
| Revenue growth | 0.0% | −4.4% |
| Revenue per employee | 2.26 MNOK | 5.32 MNOK |
The median and “ahead of” refer to large companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 44, FJORD1 AS does better than 40% of large companies in the same sector (112 companies) in 2025.
Score 2023–2025
- FJORD1 AS
- Median: large companies in the same sector
FJORD1 AS has a score of 44 for 2025, rank 1,277 of 2,035 in the sector.
Strongest: Growth: percentile 65 against peers, revenue growth 0.0% against a median of −4.4%.
Weakest: Solidity: percentile 10 against peers, equity ratio 8.5% against a median of 68.8%.
Worth a closer look
- The equity ratio is very low. Could the company absorb a bad year, and does it need more equity? Based on: equity ratio 8.5% (median 68.8%).
- What lies behind weak solidity, 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
FJORD1 AS had an operating margin of 15.3% and an equity ratio of 8.5% in 2025, and ranks 1,277 of 2,035 in Sjøfart.
From 2024 to 2025: went from a loss to a profit before tax and the operating margin fell from 18.9% to 15.3%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 931 MNOK and 1,167 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 1,167 MNOK |
| EV/EBIT | 8.0 | debt above value |
| P/B | 1.0 | 931 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 equity ratio is very low. Could the company absorb a bad year, and does it need more equity?
Based on: Equity ratio 8.5% (median 68.8%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 5.4% 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.
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 6.1%. Based on the 7 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 58 | weight 30% |
|---|---|---|
| Solidity | 10 | weight 25% |
| Liquidity | 52 | weight 15% |
| Growth | 65 | weight 15% |
| Consistency | 43 | weight 15% |
Durability: 43 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is FJORD1 AS?
The operating margin was 15.3% in 2025, against a median of 8.7% among large companies in the same sector. Return on assets was 6.4%.
How solid is FJORD1 AS?
The equity ratio was 8.5% in 2025 (median 68.8%). Debt-to-equity was 10.81 (median 0.44).
What is the liquidity of FJORD1 AS like?
The current ratio was 1.29 in 2025 (median 1.18).
How does FJORD1 AS compare in Sjøfart?
FJORD1 AS ranks 1,277 of 2,035 in Sjøfart for 2025. Among companies of the same size (large companies) it ranks 68 of 112. Revenue changed by 0.0% from the year before.
Group accounts · 2025
35 of 100
Rank 950 of 1210 groups with group accounts. Groups are ranked only against each other, not against single companies.
| Key figure | The group | The company alone (2025) |
|---|---|---|
| Operating margin | 15.5% | 15.3% |
| Return on assets | 5.7% | 6.4% |
| Equity ratio | 8.7% | 8.5% |
| Current ratio | 1.29 | 1.29 |
| Revenue growth | 0.3% | 0.0% |
Group index in earlier years: 2023: 34 (1178 of 1541), 2024: 35 (956 of 1235).
Same formulas and weights as the company index. Group and company are never added together, and the group accounts are not part of sector averages or company rankings.
Source: Brønnøysund Register Centre, group accounts 2025 (open data, NLOD 2.0).
We do not show the group structure, because open data does not say who owns whom.
Public contracts
- Contracts awarded since 2024
- 2
- Total awarded value since 2024
- 4,527.6 MNOK
| Date | Buyer | Notice | Value |
|---|---|---|---|
| 27 September 2025 | Skyss | KVALIFISERING - Drift av båtrutene mellom Bergen, Nordfjord, Sogn og Flåm | 17.7 MNOK |
| 13 December 2024 | Skyss | Drift av ferjesamband i Sogn og Fjordane og til Osterøy | 4,509.9 MNOK |
| 12 June 2023 | Kolumbus AS | Rutetransport - Hurtigbåt Stavanger-Byøyene-Usken/Hommersåk | 492.0 MNOK |
| 27 October 2022 | Skyss | Drift av båtrutene Knarvik-Frekhaug-Strandkaien og Kleppestø-Strandkaien | value not stated |
| 8 March 2021 | Statens vegvesen | Drift av riksvegferfjesambandene Bognes-Skarberget og Drag-Kjøpsvik 01.12.2022-30.11.2032 | 1,097.9 MNOK |
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 27 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.
- 983472583
- Legal form
- AS
- Sector
- Sjøfart (50.102)
- Size tier
- large
- Employees
- 1,739 registered 10 October 2026
- Founded
- 9 May 2001 25 years in operation
- Share capital
- 250.00 MNOK
- Business address
- Strandavegen 15, 6905 FLORØ (KINN)
- Municipality
- Kinn rank 24–37 of 38 in KOSTRA group 7
- Latest accounts filed
- 2025
- Website
- www.fjord1.no
- LEI
- 549300RANUO1920OIK60 renews 13 August 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
- Geir Bruvik Mjelde
- Chair of the board
- Martha Kold Monclair
- Board member
- Eric Christopher Nasby
- Board member
- Mai Lis Hvitsand
- Board member
- Morten Falkanger
- Board member
- Antoine Julien Cavaille
- Board member
- Neil Philip Marvell
- Board member
- Julia Gabrielle Madeleine Collin Delavaud
- Board member
- Angela Louise Roshier
- Deputy member
- Victoria Thomassen
- Deputy member
- Oliver Siem
- Deputy member
- Jan Hevrøy
- Deputy member
- Tore Duestøl
- Deputy member
- Bjørn Sørlie
- Deputy member
- Floriane Marie Marcon
- Deputy member
- Shyam Anil Rajani
- 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 29 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 46 | 39 | 44 | |
| Rank | 1,012 | 1,354 | 1,277 | |
| Operating margin | 19.4% | 18.9% | 15.3% | |
| Return on assets | 9.6% | 8.0% | 6.4% | |
| Equity ratio | 11.8% | 8.0% | 8.5% | |
| Current ratio | 1.25 | 0.85 | 1.29 | |
| Revenue growth | – | 3.0% | 0.0% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 3,809.5 MNOK | 3,924.6 MNOK | 3,925.9 MNOK |
| Operating profit | 738.9 MNOK | 742.4 MNOK | 600.5 MNOK |
| Profit before tax | 377.8 MNOK | −76.5 MNOK | 156.6 MNOK |
| Net profit | 291.5 MNOK | 16.1 MNOK | 116.7 MNOK |
| Financial expenses | 582.2 MNOK | 891.7 MNOK | 548.2 MNOK |
| Total assets | 10,018.4 MNOK | 10,162.7 MNOK | 11,004.3 MNOK |
| Current assets | 1,341.0 MNOK | 982.9 MNOK | 1,020.8 MNOK |
| Equity | 1,180.3 MNOK | 814.7 MNOK | 931.5 MNOK |
| Retained earnings | – | 564.7 MNOK | 681.5 MNOK |
| Total liabilities | 8,838.1 MNOK | 9,348.0 MNOK | 10,072.8 MNOK |
| Current liabilities | 1,071.0 MNOK | 1,154.1 MNOK | 788.8 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 29 October 2026, accounts id 6941424.
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