HELLY HANSEN AS
Score · fiscal year 2025
57of 100
How to read this: the company is ahead of 72 % of large companies in the same sector in 2025. What does this mean?
Rank: 13,651 of 38,671 · Handel
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 30 and solidity 76 out of 100 among large companies in the same sector in 2025. Methodology
Against the sector
HELLY HANSEN AS is 7 points above the median for large companies in the same sector in 2025.
Median score 50 among 362 companies.
Against large companies in the same sector in 2025: operating margin 1.9% (median 2.1%) and equity ratio 53.0% (median 34.6%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 3,940 MNOK | 2,073 MNOK |
| Operating margin | 1.9% | 2.1% |
| Profit margin | −8.7% | 2.1% |
| Return on assets | 0.8% | 8.4% |
| Equity ratio | 53.0% | 34.6% |
| Debt-to-equity | 0.89 | 1.85 |
| Current ratio | 2.18 | 1.27 |
| Revenue growth | 10.9% | 6.5% |
| Revenue per employee | 12.88 MNOK | 15.47 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 57, HELLY HANSEN AS does better than 72% of large companies in the same sector (362 companies) in 2025.
Score 2023–2025
- HELLY HANSEN AS
- Median: large companies in the same sector
HELLY HANSEN AS has a score of 57 for 2025, rank 13,651 of 38,671 in the sector.
Strongest: Liquidity: percentile 86 against peers, current ratio 2.18 against a median of 1.27. Solidity: percentile 76 against peers, equity ratio 53.0% against a median of 34.6%.
Weakest: Profitability: percentile 30 against peers, operating margin 1.9% against a median of 2.1%. Consistency: percentile 40 against peers.
Worth a closer look
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −8.7% (median 2.1%).
- What lies behind weak profitability, and will it last?
- 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
HELLY HANSEN AS had an operating margin of 1.9% and an equity ratio of 53.0% in 2025, and ranks 13,651 of 38,671 in Handel.
From 2024 to 2025: went from a profit to a loss before tax and the operating margin fell from 6.6% to 1.9%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 266 MNOK and 2,047 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | 266 MNOK |
| P/B | 1.0 | 2,047 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 company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −8.7% (median 2.1%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 20.5% 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 2017, the sector's weakest year, for this company.
The sector's weakest year was 2017, with a median operating margin of −65.6%. Based on the 11 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 30 | weight 30% |
|---|---|---|
| Solidity | 76 | weight 25% |
| Liquidity | 86 | weight 15% |
| Growth | 69 | weight 15% |
| Consistency | 40 | weight 15% |
Durability: 62 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is HELLY HANSEN AS?
The operating margin was 1.9% in 2025, against a median of 2.1% among large companies in the same sector. Return on assets was 0.8%. The company made a loss before tax.
How solid is HELLY HANSEN AS?
The equity ratio was 53.0% in 2025 (median 34.6%). Debt-to-equity was 0.89 (median 1.85).
What is the liquidity of HELLY HANSEN AS like?
The current ratio was 2.18 in 2025 (median 1.27).
How does HELLY HANSEN AS compare in Handel?
HELLY HANSEN AS ranks 13,651 of 38,671 in Handel for 2025. Among companies of the same size (large companies) it ranks 101 of 362. Revenue changed by 10.9% 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.
- 912359999
- Legal form
- AS · part of a group
- Sector
- Handel (46.420)
- Size tier
- large
- Employees
- 306 registered 10 October 2026
- Founded
- 24 August 1970 56 years in operation
- Share capital
- 9.25 MNOK
- Business address
- Munkedamsveien 35, 0250 OSLO
- Municipality
- Oslo rank 106–282 of 357 in Norway
- Latest accounts filed
- 2025
- Website
- www.hellyhansen.com
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
- Børre Hegbom
- Chair of the board
- Thomas Lee Doerr Jr
- Board member
- Ellen Andersen
- Board member
- Mhd Issam Yousef
- Board member
- Børre Hegbom
- Board member
- Kari Kaugerud
- Board member
- Susan Denise Sumner
- Board member
- James Michael Brook
- Board member
- Kristin Erika Sköld
- Deputy member
- Angela Maria Schulstad
- Deputy member
- Markus Andreas Westerberg
- 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 26 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 71 | 58 | 57 | |
| Rank | 5,920 | 12,289 | 13,651 | |
| Operating margin | 13.5% | 6.6% | 1.9% | |
| Return on assets | 12.3% | 8.0% | 0.8% | |
| Equity ratio | 39.3% | 41.9% | 53.0% | |
| Current ratio | 2.10 | 1.66 | 2.18 | |
| Revenue growth | – | −7.8% | 10.9% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 3,853.0 MNOK | 3,552.0 MNOK | 3,940.0 MNOK |
| Operating profit | 521.0 MNOK | 235.0 MNOK | 74.0 MNOK |
| Profit before tax | 317.0 MNOK | 463.0 MNOK | −341.0 MNOK |
| Net profit | 255.0 MNOK | 381.0 MNOK | −314.0 MNOK |
| Financial expenses | 197.0 MNOK | −127.0 MNOK | 372.0 MNOK |
| Total assets | 4,188.0 MNOK | 4,194.0 MNOK | 3,863.0 MNOK |
| Current assets | 2,793.0 MNOK | 4,045.0 MNOK | 3,211.0 MNOK |
| Equity | 1,645.0 MNOK | 1,756.0 MNOK | 2,047.0 MNOK |
| Retained earnings | 661.0 MNOK | 771.0 MNOK | 354.0 MNOK |
| Total liabilities | 2,543.0 MNOK | 2,439.0 MNOK | 1,816.0 MNOK |
| Current liabilities | 1,328.0 MNOK | 2,433.0 MNOK | 1,474.0 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 7169497.
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