H&P MODU OPERATIONS AS
Score · fiscal year 2024
28of 100
How to read this: the company is ahead of 9 % of large companies in the same sector in 2024. What does this mean?
Rank: 500 of 586 · Olje og gass
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 24 and solidity 16 out of 100 among large companies in the same sector in 2024. Methodology
Against the sector
H&P MODU OPERATIONS AS is 22 points below the median for large companies in the same sector in 2024.
Median score 50 among 95 companies.
Against large companies in the same sector in 2024: operating margin 1.8% (median 10.7%) and equity ratio 7.4% (median 25.9%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 1,446 MNOK | 2,688 MNOK |
| Operating margin | 1.8% | 10.7% |
| Profit margin | 1.8% | 12.5% |
| Return on assets | 9.8% | 14.7% |
| Equity ratio | 7.4% | 25.9% |
| Debt-to-equity | 12.49 | 2.71 |
| Current ratio | 1.03 | 1.12 |
| Revenue growth | 3.3% | 5.9% |
| Revenue per employee | 3.80 MNOK | 5.39 MNOK |
The median and “ahead of” refer to large companies in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
With an index of 28, H&P MODU OPERATIONS AS does better than 9% of large companies in the same sector (95 companies) in 2024.
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 1.8% and an equity ratio of 7.4% in 2024, and ranks 500 of 586 in Olje og gass.
From 2023 to 2024: went from a loss to a profit before tax and the operating margin rose from −0.3% to 1.8%.
This text is generated automatically from the 2024 accounts.
Three simple methods
The methods give between 20 MNOK and 236 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 201 MNOK |
| EV/EBIT | 8.0 | 236 MNOK |
| P/B | 1.0 | 20 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 7.4% (median 25.9%).
- 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 1.8% (median 10.7%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
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 | 24 | weight 30% |
|---|---|---|
| Solidity | 16 | weight 25% |
| Liquidity | 33 | weight 15% |
| Growth | 45 | weight 15% |
| Consistency | 37 | weight 15% |
Durability: 27 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is H&P MODU OPERATIONS AS?
The operating margin was 1.8% in 2024, against a median of 10.7% among large companies in the same sector. Return on assets was 9.8%.
How solid is H&P MODU OPERATIONS AS?
The equity ratio was 7.4% in 2024 (median 25.9%). Debt-to-equity was 12.49 (median 2.71).
What is the liquidity of H&P MODU OPERATIONS AS like?
The current ratio was 1.03 in 2024 (median 1.12).
How does H&P MODU OPERATIONS AS compare in Olje og gass?
H&P MODU OPERATIONS AS ranks 500 of 586 in Olje og gass for 2024. Among companies of the same size (large companies) it ranks 87 of 95. Revenue changed by 3.3% 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.
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 9 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 25 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 6265155.
Further
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