Skanska Norge AS
Score · fiscal year 2025
51of 100
How to read this: the company is ahead of 53 % of companies in the Morning class Large in the same sector in 2025. What does this mean?
Rank in the Morning class Large: 72 of 153 · What are Morning company classes?
Place in the whole sector: 9,690 of 20,337 · Bygg og anlegg
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 40 and solidity 74 out of 100 among companies in the Morning class Large in the same sector in 2025. Methodology
Against the sector
Skanska Norge AS is 1 points above the median for companies in the Morning class Large in the same sector in 2025.
Median score 50 among 153 companies.
Against companies in the Morning class Large in the same sector in 2025: operating margin 2.7% (median 4.1%) and equity ratio 32.0% (median 24.0%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 15,215 MNOK | 894 MNOK |
| Operating margin | 2.7% | 4.1% |
| Profit margin | 9.7% | 4.6% |
| Return on assets | 9.8% | 10.3% |
| Equity ratio | 32.0% | 24.0% |
| Debt-to-equity | 2.12 | 3.16 |
| Current ratio | 1.06 | 1.22 |
| Revenue growth | 1.3% | 5.3% |
| Revenue per employee | 5.21 MNOK | 5.19 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 51, Skanska Norge AS does better than 53% of companies in the Morning class Large in the same sector (153 companies) in 2025.
Score 2023–2025
- Skanska Norge AS
- Median: companies in the Morning class Large in the same sector
Skanska Norge AS has a score of 51 for 2025, rank 9,690 of 20,337 in the sector.
Strongest: Consistency: percentile 81 against peers. Solidity: percentile 74 against peers, equity ratio 32.0% against a median of 24.0%.
Weakest: Liquidity: percentile 21 against peers, current ratio 1.06 against a median of 1.22. Growth: percentile 37 against peers, revenue growth 1.3% against a median of 5.3%.
Worth a closer look
- What lies behind weak liquidity, and will it last?
- What lies behind weak growth, 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
Skanska Norge AS had an operating margin of 2.7% and an equity ratio of 32.0% in 2025, and ranks 9,690 of 20,337 in Bygg og anlegg.
No large changes in the key figures from 2024 to 2025.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 5,982 MNOK and 13,337 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 16.9 | 13,337 MNOK |
| EV/EBIT | 12.7 | 5,982 MNOK |
| P/B | 1.6 | 6,243 MNOK |
The listed basis is the value at listed multiples. The estimate is lowered by 20% for an unlisted company: 20% for lack of marketability and 0% for size (a small-company premium of 0% on the cost of equity).
A mechanical estimate from public accounts, not advice. A mechanical estimate from public accounts with listed multiples and fixed adjustments. Not a valuation and not advice to buy or sell. 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 0.1% 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 2021, the sector's weakest year, for this company.
The sector's weakest year was 2021, with a median operating margin of 1.8%. Based on the 10 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 40 | weight 30% |
|---|---|---|
| Solidity | 74 | weight 25% |
| Liquidity | 21 | weight 15% |
| Growth | 37 | weight 15% |
| Consistency | 81 | weight 15% |
Durability: 50 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Skanska Norge AS?
The operating margin was 2.7% in 2025, against a median of 4.1% among companies in the Morning class Large in the same sector. Return on assets was 9.8%.
How solid is Skanska Norge AS?
The equity ratio was 32.0% in 2025 (median 24.0%). Debt-to-equity was 2.12 (median 3.16).
What is the liquidity of Skanska Norge AS like?
The current ratio was 1.06 in 2025 (median 1.22).
How does Skanska Norge AS compare in Bygg og anlegg?
Skanska Norge AS ranks 9,690 of 20,337 in Bygg og anlegg for 2025. Among companies in the Morning class Large it is number 72 of 153. Revenue changed by 1.3% 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.
Public contracts
- Contracts awarded since 2024
- 14
- in 11 notices (lots counted separately)
- Total awarded value since 2024
- 6,849.2 MNOK
- 5 contracts without a stated value are not in the total.
- Framework agreements
- 3
- Left out of the total: the value is a ceiling, not actual spend.
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 28 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.
- 943049467
- Legal form
- AS · part of a group
- Sector
- Bygg og anlegg (41.000)
- Morning company class
- Large
- Employees
- 2,918 registered 10 October 2026
- Founded
- 22 December 1986 39 years in operation
- Share capital
- 274.25 MNOK
- Business address
- Lakkegata 53, 0187 OSLO
- Municipality
- Oslo rank 63–220 of 357 in Norway
- Latest accounts filed
- 2025
- LEI
- 549300EUI56FBMK34838 not renewed (lapsed)
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
- Skanska AB (Sweden)
Foreign-owned according to GLEIF.
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 29 October 2026. The parent is the one the company itself reported to GLEIF.
Shareholders (2025)
- Number of shareholders
- 1 (one owner)
- Largest owner
- 100.0%
- Split
- companies 100% · private persons 0% · foreign 100%
- Group chain
- Ultimate owner: Skanska Kraft AB
- Skanska Kraft AB (Sweden) · 100.0%
Change 2007–2025: no material change in the owners.
Majority owner of: SKANSKA JESSHEIM B6.5 Holding AS (100%), Nova Park Næring AS (100%), Skanska Utvikling 39 AS (100%), Entreprenørservice AS (100%), Gml Drammensvei 227 Eiendom AS (100%), Skanska Ski Vest Holding AS (100%), Skedsmogata 25 Næring AS (100%), Skanska Marinabakken Holding AS (100%)
The portfolio: 13 of the companies it owns shares in have accounts with us, 10 of them as majority owner. The average index is 51. 0 have negative equity and 3 made a loss in the latest year.
Holds shares in: Ditio AS (35%), Smarttune AS (33%), Skanska Bolig AS (100%), Simien AS (34%), Virtualhouse AS (5%), Entreprenørservice AS (100%), Utleiecompagniet AS (100%), MARTHINSEN & Duvholt AS (100%)
Source: the Norwegian Tax Administration's shareholder register as of 2025. Figures may be older than today's ownership. Private persons are not shown by name.
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 28 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 43 | 55 | 51 | |
| Rank | 11,212 | 8,109 | 9,690 | |
| Operating margin | 2.2% | 2.4% | 2.7% | |
| Return on assets | 6.4% | 10.0% | 9.8% | |
| Equity ratio | 24.0% | 29.0% | 32.0% | |
| Current ratio | 0.94 | 1.03 | 1.06 | |
| Revenue growth | – | 16.5% | 1.3% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 12,887.3 MNOK | 15,014.2 MNOK | 15,214.7 MNOK |
| Operating profit | 278.7 MNOK | 355.9 MNOK | 404.4 MNOK |
| Profit before tax | 745.4 MNOK | 1,359.7 MNOK | 1,480.6 MNOK |
| Tax expense | 149.9 MNOK | 245.6 MNOK | 230.7 MNOK |
| Net profit | 595.4 MNOK | 1,114.1 MNOK | 1,249.9 MNOK |
| Financial expenses | 3.0 MNOK | 2.7 MNOK | 6.6 MNOK |
| Total assets | 11,692.6 MNOK | 13,593.7 MNOK | 15,236.6 MNOK |
| Current assets | 7,802.3 MNOK | 8,947.6 MNOK | 9,613.2 MNOK |
| Equity | 2,808.9 MNOK | 3,938.5 MNOK | 4,877.5 MNOK |
| Retained earnings | 2,489.8 MNOK | 3,619.4 MNOK | 4,558.4 MNOK |
| Total liabilities | 8,883.7 MNOK | 9,655.2 MNOK | 10,359.1 MNOK |
| Current liabilities | 8,288.2 MNOK | 8,697.8 MNOK | 9,090.7 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 28 October 2026, accounts id 6662226.
Further
Similar companies
- Nordic Crane AS index 52, rank 9,504 · compare
- Seaway 7 Management AS index 52, rank 9,559 · compare
- Eliquo Pmi AS index 52, rank 9,607 · compare
- Spennarmering AS index 52, rank 9,616 · compare
- Nse Fagstillas AS index 51, rank 9,818 · compare