E 
82.90
+1.34%
Close of 9 Nov 2026, in NOK
Search any instrument
Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in NOK, from our data supplier.
Revenue
NOK 14.74bn
FY2016FY2025
Net income
NOK 807.1m
FY2016FY2025
Free cash flow
NOK 1.34bn
FY2016FY2025
Shareholders' equity
NOK 4.32bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | NOK 14.74bn | NOK 12.63bn | NOK 9.38bn | NOK 8.93bn | NOK 8.57bn | NOK 7.93bn | NOK 6.16bn | NOK 5.74bn | NOK 5.33bn | NOK 4.98bn |
| Operating income | NOK 1.32bn | NOK 1.24bn | NOK 1.30bn | NOK 1.44bn | NOK 1.51bn | NOK 1.17bn | NOK 578.6m | NOK 587.1m | NOK 552.0m | NOK 590.0m |
| Net income | NOK 807.1m | NOK 837.2m | NOK 908.6m | NOK 1.02bn | NOK 1.08bn | NOK 803.6m | NOK 375.4m | NOK 429.1m | NOK 389.8m | NOK 413.7m |
| Diluted earnings per share | 4.93 | 5.12 | 5.64 | 6.33 | 13.44 | 4.85 | 2.26 | 2.59 | 2.35 | 2.49 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | NOK 12.23bn | NOK 11.51bn | NOK 9.32bn | NOK 9.23bn | NOK 8.64bn | NOK 7.28bn | NOK 7.32bn | NOK 4.76bn | NOK 4.55bn | NOK 4.44bn |
| Cash and short-term investments | NOK 988.1m | NOK 599.9m | NOK 676.3m | NOK 461.4m | NOK 567.3m | NOK 540.1m | NOK 539.6m | NOK 399.9m | NOK 556.8m | NOK 554.5m |
| Total liabilities | NOK 7.87bn | NOK 7.40bn | NOK 5.71bn | NOK 5.94bn | NOK 5.75bn | NOK 5.06bn | NOK 5.34bn | NOK 2.97bn | NOK 2.78bn | NOK 2.73bn |
| Debt | NOK 5.28bn | NOK 4.78bn | NOK 3.72bn | NOK 3.63bn | NOK 3.50bn | NOK 3.32bn | NOK 4.07bn | NOK 1.65bn | NOK 1.65bn | NOK 1.65bn |
| Shareholders' equity | NOK 4.32bn | NOK 4.06bn | NOK 3.56bn | NOK 2.96bn | NOK 2.62bn | NOK 2.21bn | NOK 1.98bn | NOK 1.79bn | NOK 1.76bn | NOK 1.71bn |
| Shares outstanding | 164m | 164m | 161m | 161m | 81m | 166m | 166m | 166m | 166m | 166m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | NOK 1.47bn | NOK 1.50bn | NOK 1.77bn | NOK 1.25bn | NOK 1.59bn | NOK 1.70bn | NOK 1.03bn | NOK 347.8m | NOK 472.6m | NOK 468.1m |
| Capital spending | −NOK 130.7m | −NOK 130.2m | −NOK 141.7m | −NOK 142.7m | −NOK 130.9m | −NOK 104.1m | −NOK 157.0m | −NOK 79.2m | −NOK 103.2m | −NOK 89.9m |
| Free cash flow | NOK 1.34bn | NOK 1.37bn | NOK 1.63bn | NOK 1.11bn | NOK 1.46bn | NOK 1.60bn | NOK 874.7m | NOK 268.6m | NOK 369.4m | NOK 378.1m |
| Dividends paid | −NOK 573.0m | −NOK 523.6m | −NOK 603.9m | −NOK 643.9m | −NOK 434.2m | −NOK 323.3m | −NOK 298.7m | −NOK 283.8m | −NOK 333.9m | −NOK 233.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | NOK 3.69bn | NOK 3.30bn | NOK 4.47bn | NOK 3.53bn | NOK 3.80bn | NOK 2.94bn | NOK 4.26bn | NOK 3.24bn |
| Operating income | NOK 394.0m | NOK 71.4m | NOK 677.3m | NOK 256.1m | NOK 422.5m | −NOK 37.0m | NOK 624.0m | NOK 167.6m |
| Net income | NOK 244.7m | NOK 4.3m | NOK 457.4m | NOK 154.0m | NOK 276.0m | −NOK 80.3m | NOK 440.8m | NOK 83.6m |
| Diluted earnings per share | 1.50 | 0.03 | 2.79 | 0.94 | 1.69 | -0.49 | 2.69 | 0.51 |
| Cash from operations | NOK 590.0m | −NOK 163.0m | NOK 1.47bn | NOK 253.0m | −NOK 40.0m | −NOK 543.0m | NOK 1.50bn | NOK 156.0m |
| Capital spending | −NOK 78.0m | −NOK 73.0m | −NOK 130.0m | −NOK 94.0m | −NOK 70.0m | −NOK 45.0m | −NOK 130.0m | −NOK 24.0m |
| Free cash flow | NOK 512.0m | −NOK 236.0m | NOK 1.34bn | NOK 159.0m | −NOK 110.0m | −NOK 588.0m | NOK 1.36bn | NOK 132.0m |
| Total assets | NOK 11.87bn | NOK 12.00bn | NOK 12.23bn | NOK 11.73bn | NOK 11.43bn | NOK 11.49bn | NOK 11.54bn | NOK 11.00bn |
| Cash and short-term investments | — | — | NOK 988.1m | NOK 356.4m | NOK 329.4m | NOK 146.9m | NOK 603.4m | NOK 94.5m |
| Debt | NOK 998.4m | NOK 998.4m | NOK 3.52bn | NOK 3.45bn | NOK 3.50bn | NOK 3.57bn | NOK 3.59bn | NOK 2.62bn |
| Shareholders' equity | NOK 3.92bn | NOK 4.30bn | NOK 4.31bn | NOK 3.84bn | NOK 3.69bn | NOK 3.98bn | NOK 4.06bn | NOK 3.62bn |
Financial ratios
Data as of 1 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Operating margin | 8.9% | 9.8% | 13.8% | 16.1% | 17.6% | 14.7% | — |
| Net margin | 5.5% | 6.6% | 9.7% | 11.4% | 12.6% | 10.1% | — |
| Return on equity | 18.7% | 20.6% | 25.5% | 34.5% | 41.3% | 36.3% | — |
| Return on assets | 6.6% | 7.3% | 9.7% | 11.1% | 12.5% | 11.0% | — |
| Free cash flow yield | — | 12.2% | 14.5% | 10.6% | 26.2% | 13.4% | 8.8% |
| Revenue growth | 16.7% | 34.7% | 5.0% | 4.2% | 8.1% | 28.8% | — |
| Earnings growth | -3.6% | -7.9% | -10.9% | -5.7% | 34.6% | 114.1% | — |
| Current ratio | 1.17x | 1.14x | 1.28x | 1.15x | 1.08x | 1.11x | — |
| Debt to equity | 0.23x | 0.25x | 0.46x | 0.54x | 0.61x | 0.66x | — |
| Equity ratio | 35.3% | 35.3% | 38.2% | 32.1% | 30.3% | 30.4% | — |
| Interest coverage | 6.39x | 6.75x | 6.97x | 11.62x | 14.89x | 8.86x | — |
| Buybacks as a share of market value | — | -1.6% | -0.0% | -100.0% | 51.4% | 0.0% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 18.2% | 13.2% | 12.5% |
| Operating income | -2.9% | 2.5% | 9.5% |
| Net income | -7.5% | 0.1% | 11.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 9.3% | 11.6% | 12.8% | 12.2% |
| Net margin | 6.0% | 7.8% | 8.8% | 8.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 19.4 | 14.2 | 13.6 | 10.8 | 5.3 | 10.5 | 15.2 | 8.9 | 14.2 | 14.6 |
| Price to sales | 1.1 | 0.9 | 1.3 | 1.2 | 0.7 | 1.1 | 0.9 | 0.7 | 1.0 | 1.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 10 years. Last went ex-dividend on 30 Apr 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 3.75 | 3.50 | 3.25 | 2.75 | 2.50 | 2.20 | 1.95 | 1.85 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.