FØIE AS
Score · fiscal year 2025
53of 100
How to read this: the company is ahead of 60 % of companies in the Morning class Large in the same sector in 2025. What does this mean?
Rank in the Morning class Large: 25 of 61 · What are Morning company classes?
Place in the whole sector: 379 of 878 · Kraft og energi
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 59 and solidity 60 out of 100 among companies in the Morning class Large in the same sector in 2025. Methodology
Against the sector
FØIE AS is 5 points above the median for companies in the Morning class Large in the same sector in 2025.
Median score 48 among 61 companies.
Against companies in the Morning class Large in the same sector in 2025: operating margin 26.5% (median 17.7%) and equity ratio 39.9% (median 35.4%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 536 MNOK | 1,559 MNOK |
| Operating margin | 26.5% | 17.7% |
| Profit margin | 20.5% | 16.2% |
| Return on assets | 9.1% | 8.1% |
| Equity ratio | 39.9% | 35.4% |
| Debt-to-equity | 1.50 | 1.82 |
| Current ratio | 0.61 | 1.05 |
| Revenue growth | 18.8% | 10.0% |
| Revenue per employee | 4.66 MNOK | 28.54 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 53, FØIE AS does better than 60% of companies in the Morning class Large in the same sector (61 companies) in 2025.
Score 2023–2025
- FØIE AS
- Median: companies in the Morning class Large in the same sector
FØIE AS has a score of 53 for 2025, rank 379 of 878 in the sector.
Strongest: Growth: percentile 67 against peers, revenue growth 18.8% against a median of 10.0%. Solidity: percentile 60 against peers, equity ratio 39.9% against a median of 35.4%.
Weakest: Liquidity: percentile 18 against peers, current ratio 0.61 against a median of 1.05.
Worth a closer look
- Consider strengthening liquidity: current liabilities are 1.7 times current assets. Based on: current ratio 0.61 (median 1.05).
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
FØIE AS had an operating margin of 26.5% and an equity ratio of 39.9% in 2025, and ranks 379 of 878 in Kraft og energi.
From 2024 to 2025: the operating margin rose from 19.3% to 26.5% and revenue grew by 19%.
FØIE AS did better than the sector in 2025, the sector's weakest year.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 603 MNOK and 856 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 856 MNOK |
| EV/EBIT | 8.0 | 603 MNOK |
| P/B | 1.0 | 638 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
Consider strengthening liquidity: current liabilities are 1.7 times current assets.
Based on: Current ratio 0.61 (median 1.05).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 3.6% 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
The operating margin was 26.5% in 2025 (sector median 15.7%), and the equity ratio 39.9%. In the other years the operating margin averaged 20.9%.
The sector's weakest year was 2025, with a median operating margin of 15.7%. Based on the 5 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 59 | weight 30% |
|---|---|---|
| Solidity | 60 | weight 25% |
| Liquidity | 18 | weight 15% |
| Growth | 67 | weight 15% |
| Consistency | 49 | weight 15% |
Durability: 52 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is FØIE AS?
The operating margin was 26.5% in 2025, against a median of 17.7% among companies in the Morning class Large in the same sector. Return on assets was 9.1%.
How solid is FØIE AS?
The equity ratio was 39.9% in 2025 (median 35.4%). Debt-to-equity was 1.50 (median 1.82).
What is the liquidity of FØIE AS like?
The current ratio was 0.61 in 2025 (median 1.05). Current assets did not cover current liabilities.
How does FØIE AS compare in Kraft og energi?
FØIE AS ranks 379 of 878 in Kraft og energi for 2025. Among companies in the Morning class Large it is number 25 of 61. Revenue changed by 18.8% from the year before.
Public contracts
- Contracts awarded since 2024
- 0
- Total awarded value since 2024
- value not stated
| Date | Buyer | Notice | Value |
|---|---|---|---|
| 29 May 2020 | Viken fylkeskommune | Utbygging av bredbånd i avgrenset område i Viken fylke (tidligere Buskerud) | 13.2 MNOK |
| 17 January 2017 | Regionrådet for Hallingdal | Bredbåndsutbygging i Hallingdal 2016 - 2017 | value not stated |
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.
- 971589752
- Legal form
- AS
- Sector
- Kraft og energi (35.140)
- Morning company class
- Large
- Employees
- 115 registered 10 October 2026
- Founded
- 10 November 1994 31 years in operation
- Share capital
- 35.33 MNOK
- Business address
- Lienvegen 41, 3580 GEILO (HOL)
- Municipality
- Hol rank 1 of 9 in KOSTRA group 3
- Latest accounts filed
- 2025
- Website
- www.foie.no
- LEI
- 2549000SLHFOQM88L685 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
- Chief executive
- Anders Granheim
- Chair of the board
- Alf Inge Berget
- Board member
- Audun Grynning
- Board member
- Kjell Karstein Baug
- Board member
- Ingunn Aasen
- Board member
- Marit Rustberggard
- Board member
- Anne Marie Kollhus
- Board member
- Tom-Erik Løvsletten
- Board member
- Asgeir Thomsen
- Deputy member
- Ellen Langeggen
- Deputy member
- Torleif T Dalseide
- Deputy member
- Magnus Hamborg
- Deputy member
- Siv Elisabeth Ringdal
- Auditor
- CEDRA NORGE AS
Source: Central Coordinating Register, fetched 31 October 2026. Only names are shown.
- Parent company
- No parent company: owned by persons
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 28 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 50 | 53 | 53 | |
| Rank | 419 | 387 | 379 | |
| Operating margin | 22.5% | 19.3% | 26.5% | |
| Return on assets | 7.1% | 6.0% | 9.1% | |
| Equity ratio | 43.0% | 39.6% | 39.9% | |
| Current ratio | 0.49 | 0.66 | 0.61 | |
| Revenue growth | – | 119.1% | 18.8% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 205.7 MNOK | 450.8 MNOK | 535.7 MNOK |
| Operating profit | 46.3 MNOK | 86.9 MNOK | 142.2 MNOK |
| Profit before tax | 39.2 MNOK | 64.6 MNOK | 109.9 MNOK |
| Net profit | 30.5 MNOK | 49.3 MNOK | 85.6 MNOK |
| Financial expenses | 8.2 MNOK | 25.7 MNOK | 34.8 MNOK |
| Total assets | 670.6 MNOK | 1,504.4 MNOK | 1,598.0 MNOK |
| Current assets | 122.1 MNOK | 201.8 MNOK | 209.0 MNOK |
| Equity | 288.6 MNOK | 595.4 MNOK | 637.9 MNOK |
| Retained earnings | 253.3 MNOK | 308.4 MNOK | 351.0 MNOK |
| Total liabilities | 381.9 MNOK | 909.0 MNOK | 960.0 MNOK |
| Current liabilities | 251.1 MNOK | 307.0 MNOK | 345.0 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 28 October 2026, accounts id 6912608.
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