Mmc First Process AS
Score · fiscal year 2024
19of 100
How to read this: the company is ahead of 5 % of companies in the Morning class Large in the same sector in 2024. What does this mean?
Rank in the Morning class Large: 258 of 271 · What are Morning company classes?
Place in the whole sector: 1,861 of 2,018 · Industri
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 2 and solidity 29 out of 100 among companies in the Morning class Large in the same sector in 2024. Methodology
Against the sector
Mmc First Process AS is 31 points below the median for companies in the Morning class Large in the same sector in 2024.
Median score 50 among 271 companies.
Against companies in the Morning class Large in the same sector in 2024: operating margin −8.5% (median 5.9%) and equity ratio 22.9% (median 33.4%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 664 MNOK | 1,173 MNOK |
| Operating margin | −8.5% | 5.9% |
| Profit margin | −9.3% | 5.6% |
| Return on assets | −12.7% | 11.3% |
| Equity ratio | 22.9% | 33.4% |
| Debt-to-equity | 3.37 | 2.00 |
| Current ratio | 1.18 | 1.27 |
| Revenue growth | −31.3% | 6.3% |
| Revenue per employee | 2.52 MNOK | 5.34 MNOK |
The median and “ahead of” refer to companies in the Morning class Large in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
With an index of 19, Mmc First Process AS does better than 5% of companies in the Morning class Large in the same sector (271 companies) in 2024.
Score 2023–2025
- Mmc First Process AS
- Median: companies in the Morning class Large in the same sector
What the numbers say
Mmc First Process AS had an operating margin of −8.5% and an equity ratio of 22.9% in 2024, and ranks 1,861 of 2,018 in Industri.
From 2023 to 2024: went from a profit to a loss before tax and the operating margin fell from 2.7% to −8.5%.
This text is generated automatically from the 2024 accounts.
Three simple methods
One method gives a figure: 93 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 93 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 −9.3% (median 5.6%).
- 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 −8.5% (median 5.9%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 3.3% of the debt in 2024. The policy rate averaged 4.50 % 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 | 2 | weight 30% |
|---|---|---|
| Solidity | 29 | weight 25% |
| Liquidity | 42 | weight 15% |
| Growth | 2 | weight 15% |
| Consistency | 33 | weight 15% |
Durability: 29 (average over 2 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 −8.5% in 2024, against a median of 5.9% among companies in the Morning class Large in the same sector. Return on assets was −12.7%. The company made a loss before tax.
How solid is Mmc First Process AS?
The equity ratio was 22.9% in 2024 (median 33.4%). Debt-to-equity was 3.37 (median 2.00).
What is the liquidity of Mmc First Process AS like?
The current ratio was 1.18 in 2024 (median 1.27).
How does Mmc First Process AS compare in Industri?
Mmc First Process AS ranks 1,861 of 2,018 in Industri for 2024. Among companies in the Morning class Large it is number 258 of 271. Revenue changed by −31.3% 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 6156301.
Further
Similar companies
- Nexans Norway AS index 20, rank 1,858 · compare
- Unicon AS index 19, rank 1,869 · compare
- Brav AS index 19, rank 1,881 · compare
- Fatland Oslo AS index 19, rank 1,885 · compare
- HELI-ONE (NORWAY) AS index 18, rank 1,886 · compare