ULSTEIN VERFT AS
Ship design | Ship building | Systemintegration power &… | Ulstein
Ulstein is a third-generation family-owned company and an internationally renowned provider of ship designs, shipbuilding and system solutions for ships.
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Organization
- CEO
- LL
Lars Lühr Olsen1963
- Chairman of the board
- GU
Gunvor Ulstein1969
- Years since formation
- 30 years
- since Mar 12, 1995
- Type
- Limited company
- VAT registered
- Yes
- Number of employees
- 270
Ownership
- Number of shares and share classes
- 9,500
- 1 share class
- Total number of shareholders
- 1
- company
- Belongs to group of
Financials
- Total operating income 2024
- 2,759,208,429
- NOK
- Annual total result 2024
- 138,125,203
- NOK
- Total equity 2024
- 209,756,395
- NOK
Last update: Sep 9, 2025
Management
Management / administration
| Name | Role | Shares |
|---|---|---|
LL 1963 | Managing Director/CEO | - |
Board
| Name | Role | Shares |
|---|---|---|
LK | Board Member | - |
RI 1968 | Board Member | - |
VM | Alternate Member | - |
PA 1969 | Alternate Member | - |
MW 1990 | Alternate Member | - |
LO | Board Member | - |
GU 1969 | Chairman | 6.46 % indirectly |
TU 1967 | Deputy Chair | 3.06 % indirectly |
SA 1959 | Board Member | - |
BE 1989 | Alternate Member | - |
ØF 1966 | Alternate Member | - |
JB 1987 | Alternate Member | - |
Others
| Name | Role | Shares |
|---|---|---|
| Auditor | - |
Top 10 individual shareholders
| Name | Role | Shares |
|---|---|---|
IM | - | 9.12 % indirectly |
VU 1965 | - | 9.11 % indirectly |
GU 1969 | Chairman | 6.46 % indirectly |
IU 1971 | - | 4.09 % indirectly |
OU 2001 | - | 3.57 % indirectly |
EU 2004 | - | 3.57 % indirectly |
TU 1967 | Deputy Chair | 3.06 % indirectly |
MU 1948 | - | 1.93 % indirectly |
ML 1966 | - | 1.31 % indirectly |
UM 2006 | - | 1.06 % indirectly |
Last update: Jul 23, 2024
Ownership
Company shareholders
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
| Ordinary shares | 9,500 | 100 % |
Shares owned by the ULSTEIN VERFT AS
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
| Ordinary shares | 100 | 100 % |
Last update: Jun 2, 2025
Group structure
- Total operating income 2024: NOK 29,378,000Operating profit 2024: NOK -10,178,000Employees: 14
Financials
in NOK
Summary
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 2,759,208,429 | 1,191,212,019 | 359,643,397 | 923,774,001 |
Annual Total Result | 138,125,203 | 23,141,318 | -53,371,685 | 15,280,455 |
Total assets | 2,222,956,313 | 1,649,104,762 | 610,544,904 | 355,707,397 |
Total liabilities | 2,013,199,918 | 1,577,473,570 | 562,055,029 | 269,108,375 |
Total equity | 209,756,395 | 71,631,192 | 48,489,874 | 86,599,022 |
P&L
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 2,759,208,429 | 1,191,212,019 | 359,643,397 | 923,774,001 |
Total operating costs | 0 | 0 | 0 | 882,662,760 |
Operating result | 232,860,778 | 28,918,836 | -70,463,982 | 41,111,241 |
Financial income/costs | 0 | 0 | 0 | -21,632,425 |
Profit before tax | 177,178,481 | 29,721,623 | -68,413,411 | 19,478,816 |
Total tax & extraordinary income/cost | 39,053,278 | 6,580,305 | -15,041,726 | 4,198,361 |
Annual Total Result | 138,125,203 | 23,141,318 | -53,371,685 | 15,280,455 |
Balance overview
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total fixed assets | 79,708,727 | 261,352,280 | 268,467,775 | 256,542,062 |
Total current assets | 2,143,247,586 | 1,387,752,482 | 342,077,129 | 99,165,335 |
Total assets | 2,222,956,313 | 1,649,104,762 | 610,544,904 | 355,707,397 |
Short term debt | 1,813,199,918 | 1,377,473,570 | 562,055,029 | 269,108,375 |
Long term debt | 0 | 0 | 0 | 0 |
Total liabilities | 2,013,199,918 | 1,577,473,570 | 562,055,029 | 269,108,375 |
Contributed capital | 95,100,000 | 95,100,000 | 95,100,000 | 95,100,000 |
Retained earnings | 114,656,395 | -23,468,808 | -46,610,126 | -8,500,978 |
Total equity | 209,756,395 | 71,631,192 | 48,489,874 | 86,599,022 |
Total equity and liabilities | 2,222,956,313 | 1,649,104,762 | 610,544,904 | 355,707,397 |
Classification
Type of organization
Limited company
Classification of institutional sector
INNL
Domestic sectors
A_IKKE-FIN
Non-financial corporations
2100
Private non-financial incorporated enterprises