Helly Hansen AS
Score · fiscal year 2023
71of 100
How to read this: the company is ahead of 81 % of companies in the Morning class Large in the same sector in 2023. What does this mean?
Rank in the Morning class Large: 87 of 465 · What are Morning company classes?
Place in the whole sector: 4,138 of 21,088 · Handel
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2023, not a verdict on the company. Based on profitability 78 and solidity 66 out of 100 among companies in the Morning class Large in the same sector in 2023. Methodology
Against the sector
Helly Hansen AS is 23 points above the median for companies in the Morning class Large in the same sector in 2023.
Median score 48 among 465 companies.
Against companies in the Morning class Large in the same sector in 2023: operating margin 13.5% (median 2.3%) and equity ratio 39.3% (median 28.7%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 3,853 MNOK | 1,081 MNOK |
| Operating margin | 13.5% | 2.3% |
| Profit margin | 8.2% | 2.4% |
| Return on assets | 12.3% | 10.3% |
| Equity ratio | 39.3% | 28.7% |
| Debt-to-equity | 1.55 | 2.46 |
| Current ratio | 2.10 | 1.28 |
| Revenue growth | – | 0.8% |
| Revenue per employee | 12.59 MNOK | 11.26 MNOK |
The median and “ahead of” refer to companies in the Morning class Large in the same sector in 2023. The bar shows the share of companies the figure is ahead of.
With an index of 71, Helly Hansen AS does better than 81% of companies in the Morning class Large in the same sector (465 companies) in 2023.
Score 2023–2025
- Helly Hansen AS
- Median: companies in the Morning class Large in the same sector
What the numbers say
Helly Hansen AS had an operating margin of 13.5% and an equity ratio of 39.3% in 2023, and ranks 4,138 of 21,088 in Handel.
This text is generated automatically from the 2023 accounts.
Three simple methods
The methods give between 1,645 MNOK and 2,961 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 2,550 MNOK |
| EV/EBIT | 8.0 | 2,961 MNOK |
| P/B | 1.0 | 1,645 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
No rules were triggered for this year.
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 7.7% of the debt in 2023. The policy rate averaged 3.54 % 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 2022, the sector's weakest year, for this company.
The sector's weakest year was 2022, with a median operating margin of 1.5%. 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 | 78 | weight 30% |
|---|---|---|
| Solidity | 66 | weight 25% |
| Liquidity | 89 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 44 | weight 15% |
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is Helly Hansen AS?
The operating margin was 13.5% in 2023, against a median of 2.3% among companies in the Morning class Large in the same sector. Return on assets was 12.3%.
How solid is Helly Hansen AS?
The equity ratio was 39.3% in 2023 (median 28.7%). Debt-to-equity was 1.55 (median 2.46).
What is the liquidity of Helly Hansen AS like?
The current ratio was 2.10 in 2023 (median 1.28).
How does Helly Hansen AS compare in Handel?
Helly Hansen AS ranks 4,138 of 21,088 in Handel for 2023. Among companies in the Morning class Large it is number 87 of 465.
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)
- Morning company class
- 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 63–220 of 357 in Norway
- Latest accounts filed
- 2025
- Website
- www.hellyhansen.com
- LEI
- 549300881J9VS8CURR14 renews 17 November 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
Loading roles …
Source: Central Coordinating Register, fetched 29 October 2026. Only names are shown.
- Parent company
- Parent not reported
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 29 October 2026. The parent is the one the company itself reported to GLEIF.
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 | 59 | 57 | |
| Rank | 4,138 | 7,380 | 8,561 | |
| 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 5102327.
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