H&P MODU OPERATIONS AS
Score · fiscal year 2023
26of 100
How to read this: the company is ahead of 14 % of large companies in the same sector in 2023. What does this mean?
Rank: 478 of 565 · Olje og gass
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2023, not a verdict on the company. Based on profitability 7 and solidity 18 out of 100 among large companies in the same sector in 2023. Methodology
Against the sector
H&P MODU OPERATIONS AS is 24 points below the median for large companies in the same sector in 2023.
Median score 50 among 88 companies.
Against large companies in the same sector in 2023: operating margin −0.3% (median 14.7%) and equity ratio 8.7% (median 30.9%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 1,401 MNOK | 2,591 MNOK |
| Operating margin | −0.3% | 14.7% |
| Profit margin | −0.3% | 14.1% |
| Return on assets | −1.4% | 14.5% |
| Equity ratio | 8.7% | 30.9% |
| Debt-to-equity | 10.52 | 2.12 |
| Current ratio | 1.06 | 1.08 |
| Revenue growth | – | 12.6% |
| Revenue per employee | 3.68 MNOK | 4.15 MNOK |
The median and “ahead of” refer to large companies in the same sector in 2023. The bar shows the share of companies the figure is ahead of.
With an index of 26, H&P MODU OPERATIONS AS does better than 14% of large companies in the same sector (88 companies) in 2023.
Score 2023–2025
- H&P MODU OPERATIONS AS
- Median: large companies in the same sector
What the numbers say
H&P MODU OPERATIONS AS had an operating margin of −0.3% and an equity ratio of 8.7% in 2023, and ranks 478 of 565 in Olje og gass.
This text is generated automatically from the 2023 accounts.
Three simple methods
One method gives a figure: 29 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 29 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 equity ratio is very low. Could the company absorb a bad year, and does it need more equity?
Based on: Equity ratio 8.7% (median 30.9%).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −0.3% (median 14.1%).
- 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 −0.3% (median 14.7%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 0.1% 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 5 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 7 | weight 30% |
|---|---|---|
| Solidity | 18 | weight 25% |
| Liquidity | 45 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 59 | weight 15% |
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is H&P MODU OPERATIONS AS?
The operating margin was −0.3% in 2023, against a median of 14.7% among large companies in the same sector. Return on assets was −1.4%. The company made a loss before tax.
How solid is H&P MODU OPERATIONS AS?
The equity ratio was 8.7% in 2023 (median 30.9%). Debt-to-equity was 10.52 (median 2.12).
What is the liquidity of H&P MODU OPERATIONS AS like?
The current ratio was 1.06 in 2023 (median 1.08).
How does H&P MODU OPERATIONS AS compare in Olje og gass?
H&P MODU OPERATIONS AS ranks 478 of 565 in Olje og gass for 2023. Among companies of the same size (large companies) it ranks 76 of 88.
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.
- 979392710
- Legal form
- AS · part of a group
- Sector
- Olje og gass (09.101)
- Size tier
- large
- Employees
- 381 registered 10 October 2026
- Founded
- 12 November 1997 28 years in operation
- Share capital
- 0.10 MNOK
- Business address
- Espehaugen 37, 5258 BLOMSTERDALEN (BERGEN)
- Municipality
- Bergen rank 8 of 11 in KOSTRA group 12
- Latest accounts filed
- 2025
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
- Per Andreas Vangsgaard
- Chair of the board
- Ole Fredrik Maier
- Board member
- Ralf Risholt
- Board member
- Knut Even Lodden
- Board member
- Kristian Stange
- Board member
- Ina Sørø Wallace
- Board member
- Lynsey Claire Van De Laar
- Board member
- Frances Kimberley Anne Willis
- Deputy member
- Jon Lea
- Deputy member
- Kristian Austrått Enoksen
- Deputy member
- Gustav Nedrebø
- Deputy member
- Sara Natalia Kuczynska
- Deputy member
- Linda Risanger
- Deputy member
- Andrea Elisabeth Shiels
- Auditor
- ERNST & YOUNG AS
Source: Central Coordinating Register, fetched 29 October 2026. Only names are shown.
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 | 26 | 28 | 28 | |
| Rank | 478 | 500 | 499 | |
| Operating margin | −0.3% | 1.8% | 2.6% | |
| Return on assets | −1.4% | 9.8% | 10.1% | |
| Equity ratio | 8.7% | 7.4% | 0.3% | |
| Current ratio | 1.06 | 1.03 | 0.95 | |
| Revenue growth | – | 3.3% | 1.3% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 1,400.7 MNOK | 1,446.2 MNOK | 1,464.8 MNOK |
| Operating profit | −4.5 MNOK | 26.1 MNOK | 38.6 MNOK |
| Profit before tax | −4.9 MNOK | 25.8 MNOK | 38.4 MNOK |
| Net profit | −3.8 MNOK | 20.1 MNOK | 29.9 MNOK |
| Financial expenses | 0.4 MNOK | 0.4 MNOK | 0.3 MNOK |
| Total assets | 331.0 MNOK | 268.6 MNOK | 382.1 MNOK |
| Current assets | 321.2 MNOK | 256.7 MNOK | 361.2 MNOK |
| Equity | 28.7 MNOK | 19.9 MNOK | 1.1 MNOK |
| Retained earnings | 28.6 MNOK | 19.8 MNOK | 1.0 MNOK |
| Total liabilities | 302.3 MNOK | 248.7 MNOK | 381.0 MNOK |
| Current liabilities | 302.1 MNOK | 248.6 MNOK | 380.9 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 5276191.
Further
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