Ulefos AS
Score · fiscal year 2025
58of 100
How to read this: the company is ahead of 68 % of companies in the Morning class Large in the same sector in 2025. What does this mean?
Rank in the Morning class Large: 94 of 290 · What are Morning company classes?
Place in the whole sector: 670 of 2,001 · Industri
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 35 and solidity 88 out of 100 among companies in the Morning class Large in the same sector in 2025. Methodology
Against the sector
Ulefos AS is 9 points above 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 4.2% (median 6.3%) and equity ratio 66.1% (median 32.8%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 637 MNOK | 1,201 MNOK |
| Operating margin | 4.2% | 6.3% |
| Profit margin | 3.5% | 6.6% |
| Return on assets | 7.3% | 11.7% |
| Equity ratio | 66.1% | 32.8% |
| Debt-to-equity | 0.51 | 2.03 |
| Current ratio | 2.50 | 1.28 |
| Revenue growth | −1.4% | 7.1% |
| Revenue per employee | 2.83 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 58, Ulefos AS does better than 68% of companies in the Morning class Large in the same sector (290 companies) in 2025.
Score 2023–2025
- Ulefos AS
- Median: companies in the Morning class Large in the same sector
Ulefos AS has a score of 58 for 2025, rank 670 of 2,001 in the sector.
Strongest: Liquidity: percentile 91 against peers, current ratio 2.50 against a median of 1.28. Solidity: percentile 88 against peers, equity ratio 66.1% against a median of 32.8%.
Weakest: Growth: percentile 23 against peers, revenue growth −1.4% against a median of 7.1%. Profitability: percentile 35 against peers, operating margin 4.2% against a median of 6.3%.
Worth a closer look
- What lies behind weak growth, and will it last?
- 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
Ulefos AS had an operating margin of 4.2% and an equity ratio of 66.1% in 2025, and ranks 670 of 2,001 in Industri.
From 2024 to 2025: went from a loss to a profit before tax and the equity ratio rose from 38.2% to 66.1%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 172 MNOK and 222 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 172 MNOK |
| EV/EBIT | 8.0 | 222 MNOK |
| P/B | 1.0 | 202 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
No rules were triggered for this year.
Indications based on the latest annual accounts from open data. Not investment or financial advice.
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 | 35 | weight 30% |
|---|---|---|
| Solidity | 88 | weight 25% |
| Liquidity | 91 | weight 15% |
| Growth | 23 | weight 15% |
| Consistency | 60 | weight 15% |
Durability: 48 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Ulefos AS?
The operating margin was 4.2% in 2025, against a median of 6.3% among companies in the Morning class Large in the same sector. Return on assets was 7.3%.
How solid is Ulefos AS?
The equity ratio was 66.1% in 2025 (median 32.8%). Debt-to-equity was 0.51 (median 2.03).
What is the liquidity of Ulefos AS like?
The current ratio was 2.50 in 2025 (median 1.28).
How does Ulefos AS compare in Industri?
Ulefos AS ranks 670 of 2,001 in Industri for 2025. Among companies in the Morning class Large it is number 94 of 290. Revenue changed by −1.4% from the year before.
From the Central Coordinating Register
- Org. no.
- 981083032
- Legal form
- AS
- Sector
- Industri (24.510)
- Morning company class
- Large
- Employees
- 225 registered 10 October 2026
- Founded
- 10 September 1999 27 years in operation
- Share capital
- 55.00 MNOK
- Business address
- Jernværksvegen 12, 3830 ULEFOSS (NOME)
- Municipality
- Nome rank 16–30 of 33 in KOSTRA group 5
- 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
- Erik Andreas Henriksen
- Chair of the board
- Morten Sæderup Nielsen
- Board member
- Lars Jensen Kudsk
- Board member
- Anita Nedergaard Uth
- Board member
- Jan-Børre Vik
- Board member
- Kathrine Duun Moen
- Board member
- Glenn Cato Furulund
- Board member
- Jo Agnar Håtvedt
- Deputy member
- Willy Dorholt
- Auditor
- Cedra Norge AS
Source: Central Coordinating Register, fetched 31 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 31 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 49 | 38 | 58 | |
| Rank | 999 | 1,438 | 670 | |
| Operating margin | 3.4% | 0.8% | 4.2% | |
| Return on assets | 9.9% | 3.2% | 7.3% | |
| Equity ratio | 40.9% | 38.2% | 66.1% | |
| Current ratio | 1.28 | 1.26 | 2.50 | |
| Revenue growth | – | 2.9% | −1.4% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 627.6 MNOK | 646.1 MNOK | 637.1 MNOK |
| Operating profit | 21.4 MNOK | 5.5 MNOK | 26.6 MNOK |
| Profit before tax | 16.6 MNOK | −1.6 MNOK | 22.3 MNOK |
| Net profit | 12.8 MNOK | −1.5 MNOK | 17.2 MNOK |
| Financial expenses | 14.0 MNOK | 12.1 MNOK | – |
| Total assets | 311.2 MNOK | 329.5 MNOK | 305.3 MNOK |
| Current assets | 231.9 MNOK | 244.8 MNOK | 239.1 MNOK |
| Equity | 127.2 MNOK | 125.8 MNOK | 201.9 MNOK |
| Retained earnings | 57.2 MNOK | 55.7 MNOK | 71.8 MNOK |
| Total liabilities | 183.9 MNOK | 203.7 MNOK | 103.4 MNOK |
| Current liabilities | 181.3 MNOK | 193.7 MNOK | 95.6 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 31 October 2026, accounts id 6933038.
Further
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