MMC FIRST PROCESS AS
Score · fiscal year 2025
32of 100
How to read this: the company is ahead of 13 % of companies in the Morning class Large in the same sector in 2025. What does this mean?
Rank in the Morning class Large: 253 of 290 · What are Morning company classes?
Place in the whole sector: 1,666 of 2,017 · Industri
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 12 and solidity 26 out of 100 among companies in the Morning class Large in the same sector in 2025. Methodology
Against the sector
MMC FIRST PROCESS AS is 17 points below the median for companies in the Morning class Large in the same sector in 2025.
Median score 49 among 290 companies.
Against companies in the Morning class Large in the same sector in 2025: operating margin −0.4% (median 6.3%) and equity ratio 21.6% (median 32.8%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 1,097 MNOK | 1,201 MNOK |
| Operating margin | −0.4% | 6.3% |
| Profit margin | −3.0% | 6.6% |
| Return on assets | 0.3% | 11.7% |
| Equity ratio | 21.6% | 32.8% |
| Debt-to-equity | 3.63 | 2.03 |
| Current ratio | 1.02 | 1.28 |
| Revenue growth | 65.2% | 7.1% |
| Revenue per employee | 4.17 MNOK | 5.72 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 32, MMC FIRST PROCESS AS does better than 13% of companies in the Morning class Large in the same sector (290 companies) in 2025.
Score 2023–2025
- MMC FIRST PROCESS AS
- Median: companies in the Morning class Large in the same sector
MMC FIRST PROCESS AS has a score of 32 for 2025, rank 1,666 of 2,017 in the sector.
Strongest: Growth: percentile 95 against peers, revenue growth 65.2% against a median of 7.1%.
Weakest: Profitability: percentile 12 against peers, operating margin −0.4% against a median of 6.3%. Liquidity: percentile 25 against peers, current ratio 1.02 against a median of 1.28.
Worth a closer look
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −3.0% (median 6.6%).
- The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors? Based on: operating margin −0.4% (median 6.3%).
- Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have? Based on: revenue growth 65.2% (median 7.1%); current ratio 1.02 (median 1.28).
- What lies behind weak profitability, 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
MMC FIRST PROCESS AS had an operating margin of −0.4% and an equity ratio of 21.6% in 2025, and ranks 1,666 of 2,017 in Industri.
From 2024 to 2025: revenue grew by 65% and the operating margin rose from −8.5% to −0.4%.
This text is generated automatically from the 2025 accounts.
Three simple methods
One method gives a figure: 109 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 109 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 −3.0% (median 6.6%).
- watch
The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors?
Based on: Operating margin −0.4% (median 6.3%).
- watch
Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have?
Based on: Revenue growth 65.2% (median 7.1%); Current ratio 1.02 (median 1.28).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 8.6% 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
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 −3.3%. 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 | 12 | weight 30% |
|---|---|---|
| Solidity | 26 | weight 25% |
| Liquidity | 25 | weight 15% |
| Growth | 95 | weight 15% |
| Consistency | 25 | weight 15% |
Durability: 30 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is MMC FIRST PROCESS AS?
The operating margin was −0.4% in 2025, against a median of 6.3% among companies in the Morning class Large in the same sector. Return on assets was 0.3%. The company made a loss before tax.
How solid is MMC FIRST PROCESS AS?
The equity ratio was 21.6% in 2025 (median 32.8%). Debt-to-equity was 3.63 (median 2.03).
What is the liquidity of MMC FIRST PROCESS AS like?
The current ratio was 1.02 in 2025 (median 1.28).
How does MMC FIRST PROCESS AS compare in Industri?
MMC FIRST PROCESS AS ranks 1,666 of 2,017 in Industri for 2025. Among companies in the Morning class Large it is number 253 of 290. Revenue changed by 65.2% from the year before.
From the Central Coordinating Register
- Org. no.
- 979329903
- Legal form
- AS
- Sector
- Industri (28.930)
- Morning company class
- Large
- Employees
- 263 registered 10 October 2026
- Founded
- 15 October 1997 29 years in operation
- Share capital
- 3.04 MNOK
- Business address
- Mjølstadnesvegen 21, 6092 FOSNAVÅG (HERØY)
- Municipality
- Herøy (Møre og Romsdal) rank 5–23 of 40 in KOSTRA group 1
- Latest accounts filed
- 2025
- LEI
- 213800LFRBASZDG7ZA78 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
- Lars Erling Samuelsen Krogh
- Chair of the board
- Pål Brynsrud
- Board member
- Henrik Grung
- Board member
- Lene Therese Sætre
- Board member
- Knut Kleiven
- Auditor
- CEDRA NORGE AS
Source: Central Coordinating Register, fetched 31 October 2026. Only names are shown.
- Parent company
- EQVA ASA (Norway)
- Ultimate parent
- HAVILA HOLDING AS (Norway)
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 30 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 31 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 38 | 19 | 32 | |
| Rank | 1,346 | 1,861 | 1,666 | |
| Operating margin | 2.7% | −8.5% | −0.4% | |
| Return on assets | 8.1% | −12.7% | 0.3% | |
| Equity ratio | 22.6% | 22.9% | 21.6% | |
| Current ratio | 1.45 | 1.18 | 1.02 | |
| Revenue growth | – | −31.3% | 65.2% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 966.3 MNOK | 663.9 MNOK | 1,096.9 MNOK |
| Operating profit | 25.9 MNOK | −56.1 MNOK | −4.9 MNOK |
| Profit before tax | 15.6 MNOK | −62.0 MNOK | −32.8 MNOK |
| Net profit | 12.5 MNOK | −47.9 MNOK | −29.2 MNOK |
| Financial expenses | 22.5 MNOK | 10.5 MNOK | 34.2 MNOK |
| Total assets | 469.7 MNOK | 406.6 MNOK | 504.1 MNOK |
| Current assets | 405.7 MNOK | 292.1 MNOK | 336.5 MNOK |
| Equity | 106.1 MNOK | 93.2 MNOK | 108.9 MNOK |
| Retained earnings | 61.5 MNOK | 48.5 MNOK | 64.3 MNOK |
| Total liabilities | 363.7 MNOK | 313.5 MNOK | 395.2 MNOK |
| Current liabilities | 279.2 MNOK | 248.1 MNOK | 330.7 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 31 October 2026, accounts id 7080984.
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