ULSTEIN GROUP ASA

Organization

CEO: GU
Gunvor Ulstein1969
Chairman of the board: TU
Tore Ulstein1967
Years since formation: 26 years; since Feb 2, 1999
Type: Public limited company
VAT registered: Yes
Number of employees: 14

Ownership

Number of shares and share classes: 663,324,718; 2 share classes
Total number of shareholders: 1176; 112 companies, 1,064 persons
Belongs to group of

Financials

Total operating income 2024: 29,378,000; NOK
Annual total result 2024: 109,152,000; NOK
Total equity 2024: 505,294,000; NOK

Last update: Sep 9, 2025

Management

Management / administration

Name	Role	Shares
GU Gunvor Ulstein 1969	Managing Director/CEO	6.46 % indirectly

Board

Name	Role	Shares
TU Tore Ulstein 1967	Chairman	3.06 % directly < 0.01 % indirectly 3.05 %
OH Olav Holst-Dyrnes 1970	Board Member	-
OH Ole Henrik Bjørge 1970	Board Member	-
MB Maria Bos 1981	Board Member	-
JH John Hatløy 1959	Observer	-
IU Ingerid Ulstein 1971	Deputy Chair	4.09 % directly < 0.01 % indirectly 4.09 %
RK Raymond Karoliussen 1966	Observer	-

Others

Name	Role	Shares
P PRICEWATERHOUSECOOPERS AS	Auditor	-

Top 10 individual shareholders

Name	Role	Shares
IM Idar Marius Ulstein 1977	-	9.12 % directly < 0.01 % indirectly 9.12 %
VU Vegard Ulstein 1965	-	9.11 % directly < 0.01 % indirectly 9.11 %
GU Gunvor Ulstein 1969	Managing Director/CEO	6.46 % indirectly
IU Ingerid Ulstein 1971	Deputy Chair	4.09 % directly < 0.01 % indirectly 4.09 %
OU Oda Ulstein 2001	-	3.57 % indirectly
EU Emma Ulstein 2004	-	3.57 % indirectly
TU Tore Ulstein 1967	Chairman	3.06 % directly < 0.01 % indirectly 3.05 %
MU Martin Ulstein 1948	-	1.93 % indirectly
ML Maria Loen 1966	-	1.31 % indirectly
UM Ulstein Martinus 2006	-	1.06 % indirectly

Last update: Jul 22, 2024

Ownership

Company shareholders

Name	Share class	Total number of shares	Share
U ULSMO AS	NO0010003411	327,750,709	49.41 %
U ULSMO AS	NO0010003429	96,163,375	14.5 %
M MARTIN AS	NO0010003429	12,796,550	1.93 %
M MARTIN AS	NO0010003411	12,796,549	1.93 %
V VILLAMAR AS	NO0010003429	11,038,285	1.66 %
V VILLAMAR AS	NO0010003411	11,038,285	1.66 %
A AASHEIM INVEST AS	NO0010003411	11,038,272	1.66 %
A AASHEIM INVEST AS	NO0010003429	11,038,271	1.66 %
M MIRAA HOLDING AS	NO0010003411	8,703,949	1.31 %
M MIRAA HOLDING AS	NO0010003429	8,703,947	1.31 %
I INGER M KRISTENSEN AS	NO0010003411	8,020,131	1.21 %
I INGER M KRISTENSEN AS	NO0010003429	8,020,129	1.21 %
E EMAR INVEST AS	NO0010003411	7,479,576	1.13 %
E EMAR INVEST AS	NO0010003429	7,479,575	1.13 %
D DUK INVEST AS	NO0010003411	5,706,432	0.86 %
D DUK INVEST AS	NO0010003429	5,706,432	0.86 %
U ULMAR AS	NO0010003429	5,098,752	0.77 %
U ULMAR AS	NO0010003411	5,098,752	0.77 %
A ARNE LOEN AS	NO0010003411	4,963,496	0.75 %
A ARNE LOEN AS	NO0010003429	4,963,495	0.75 %
S SOLNES AS	NO0010003429	4,959,255	0.75 %
S SOLNES AS	NO0010003411	4,959,254	0.75 %
B BEELINE AS	NO0010003411	4,885,489	0.74 %
B BEELINE AS	NO0010003429	4,885,488	0.74 %
I INGUS AS	NO0010003411	4,883,285	0.74 %
I INGUS AS	NO0010003429	4,883,285	0.74 %
H HUK INVEST AS	NO0010003429	4,386,741	0.66 %
H HUK INVEST AS	NO0010003411	4,386,741	0.66 %
M MARGENTUM AS	NO0010003411	4,193,700	0.63 %
M MARGENTUM AS	NO0010003429	4,193,699	0.63 %
V VIKHOLMEN AS	NO0010003429	3,088,819	0.47 %
V VIKHOLMEN AS	NO0010003411	3,088,819	0.47 %
D DAGNY 4 AS	NO0010003429	2,349,156	0.35 %
D DAGNY 4 AS	NO0010003411	2,349,155	0.35 %
M MOGUL INVEST AS	NO0010003411	1,498,488	0.23 %
M MOGUL INVEST AS	NO0010003429	1,498,486	0.23 %
T TOKA INVEST II AS	NO0010003411	1,465,197	0.22 %
T TOKA INVEST II AS	NO0010003429	1,465,196	0.22 %
J JUPITER INVEST II AS	NO0010003411	1,420,192	0.21 %
V VEGARD ULSTEIN INVEST II AS	NO0010003411	1,420,192	0.21 %
V VEGARD ULSTEIN INVEST II AS	NO0010003429	1,420,191	0.21 %
J JUPITER INVEST II AS	NO0010003429	1,420,191	0.21 %
U ULSTEIN GROUP ASA	NO0010003411	1,375,846	0.21 %
U ULSTEIN GROUP ASA	NO0010003429	1,375,846	0.21 %
M MIMAR AS	NO0010003411	1,340,697	0.2 %
M MIMAR AS	NO0010003429	1,340,697	0.2 %
A AMORIN JUNIOR AS	NO0010003411	1,049,392	0.16 %
A AMORIN JUNIOR AS	NO0010003429	1,049,391	0.16 %
O OSNESET AS	NO0010003411	881,503	0.13 %
O OSNESET AS	NO0010003429	881,503	0.13 %
A AMORIN AS	NO0010003411	843,499	0.13 %
A AMORIN AS	NO0010003429	843,499	0.13 %
M MOGUL KAPITAL AS	NO0010003429	627,044	0.09 %
T TOKA INVEST JUNIOR AS	NO0010003429	627,044	0.09 %
M MOGUL KAPITAL AS	NO0010003411	627,043	0.09 %
T TOKA INVEST JUNIOR AS	NO0010003411	627,043	0.09 %
SI Svein Idar Ulstein 1963	NO0010003429	600,000	0.09 %
SI Svein Idar Ulstein 1963	NO0010003411	600,000	0.09 %
B BORGSTEIN AS	NO0010003411	586,646	0.09 %
B BORGSTEIN AS	NO0010003429	586,646	0.09 %
V VEGARD ULSTEIN INVEST JUNIOR AS	NO0010003411	472,699	0.07 %
V VEGARD ULSTEIN INVEST JUNIOR AS	NO0010003429	472,699	0.07 %
J JUPITER INVEST JUNIOR AS	NO0010003429	472,699	0.07 %
J JUPITER INVEST JUNIOR AS	NO0010003411	472,699	0.07 %
IM Ingunn Merete Ulstein Botnen 1955	NO0010003429	400,000	0.06 %
IM Ingunn Merete Ulstein Botnen 1955	NO0010003411	400,000	0.06 %
L LOJAL AS	NO0010003411	317,363	0.05 %
L LOJAL AS	NO0010003429	317,363	0.05 %
AL Arne Loen 1959	NO0010003411	115,794	0.02 %
AL Arne Loen 1959	NO0010003429	115,793	0.02 %
TU Tore Ulstein 1967	NO0010003411	37,500	< 0.01 %
TU Tore Ulstein 1967	NO0010003429	37,500	< 0.01 %
AK Arne Kvadsheim 1958	NO0010003429	37,450	< 0.01 %
AK Arne Kvadsheim 1958	NO0010003411	37,450	< 0.01 %
J JOHN KLEVEN AS	NO0010003411	25,600	< 0.01 %
J JOHN KLEVEN AS	NO0010003429	25,600	< 0.01 %
OH Otto Håvard Holstad 1939	NO0010003411	25,475	< 0.01 %
OH Otto Håvard Holstad 1939	NO0010003429	25,474	< 0.01 %
S SPAREBANK 1 SMN	NO0010003429	20,950	< 0.01 %
S SPAREBANK 1 SMN	NO0010003411	20,950	< 0.01 %
IM Idar Marius Ulstein 1977	NO0010003411	19,641	< 0.01 %
IU Ingerid Ulstein 1971	NO0010003411	19,641	< 0.01 %
VU Vegard Ulstein 1965	NO0010003411	19,641	< 0.01 %
IM Idar Marius Ulstein 1977	NO0010003429	19,640	< 0.01 %
VU Vegard Ulstein 1965	NO0010003429	19,640	< 0.01 %
IU Ingerid Ulstein 1971	NO0010003429	19,640	< 0.01 %
S SPAREBANKEN MØRE	NO0010003411	15,000	< 0.01 %
S SPAREBANKEN MØRE	NO0010003429	15,000	< 0.01 %
ES Endre Sandnes 1945	NO0010003411	13,618	< 0.01 %
ES Endre Sandnes 1945	NO0010003429	13,617	< 0.01 %
OM Odd Magne Horgen 1948	NO0010003429	13,200	< 0.01 %
OM Odd Magne Horgen 1948	NO0010003411	13,200	< 0.01 %
TE Tora Elisabet Kvadsheim 1966	NO0010003411	12,308	< 0.01 %
AL Anne Lovise Kvadsheim 1966	NO0010003429	12,308	< 0.01 %
AL Anne Lovise Kvadsheim 1966	NO0010003411	12,308	< 0.01 %
TE Tora Elisabet Kvadsheim 1966	NO0010003429	12,308	< 0.01 %
IK Idar Kaldhol 1939	NO0010003411	11,580	< 0.01 %
JR Jan Reidar Grung 1950	NO0010003411	11,580	< 0.01 %
RO Robert Osborg 1963	NO0010003411	11,580	< 0.01 %
NS Njål Sævik 1969	NO0010003411	11,580	< 0.01 %

Shares owned by the ULSTEIN GROUP ASA

Name	Share class	Total number of shares	Share
U ULSTEIN SHIPPING AS	Ordinary shares	10,000	100 %
U ULSTEIN VERFT AS	Ordinary shares	9,500	100 %
U ULSTEIN DESIGN & SOLUTIONS AS	Ordinary shares	1,450	100 %
A AS VESTSINK	Ordinary shares	400	100 %
U ULSTEIN POWER & CONTROL AS	Ordinary shares	400	100 %
U ULSTEIN VERFT EIENDOM AS	Ordinary shares	100	100 %
U ULSTEIN INTERNATIONAL AS	Ordinary shares	10,000	100 %
U ULSTEIN DIGITAL AS	Ordinary shares	1,000	100 %
U ULSTEIN ELEKTRO INSTALLASJON AS	Ordinary shares	100	100 %
B BLUE CTRL AS	Ordinary shares	129,412	100 %
S SUNNMØRE KULTURNÆRINGSHAGE AS	Ordinary shares	30	14.63 %
Å ÅKP AS	Ordinary shares	300	3.59 %
H HAREID FASTLANDSAMBAND AS	Ordinary shares	250	2.6 %
S SPESIALISTBEDRIFTEN AS	Ordinary shares	25	2.17 %
U ULSTEIN GROUP ASA	NO0010003411	1,375,846	0.21 %
C CIVITA AS	Ordinary shares	3	0.11 %

Last update: Jun 2, 2025

Group structure

ULSTEIN GROUP ASA
Total operating income 2024: NOK 29,378,000
Operating profit 2024: NOK -10,178,000
Employees: 14

Financials

in NOK

Summary

Year	2024	2023	2022	2021
Total operating income	29,378,000	24,168,000	21,063,000	18,798,000
Annual Total Result	109,152,000	27,205,000	-22,142,000	15,351,000
Total assets	1,087,626,000	1,011,265,000	936,606,000	967,868,000
Total liabilities	582,332,000	575,935,000	532,422,000	536,663,000
Total equity	505,294,000	435,331,000	404,184,000	431,204,000

P&L

Year	2024	2023	2022	2021
Total operating income	29,378,000	24,168,000	21,063,000	18,798,000
Total operating costs	0	0	0	0
Operating result	-10,178,000	-7,940,000	-6,642,000	-9,027,000
Financial income/costs	0	0	0	0
Profit before tax	108,921,000	27,418,000	-22,900,000	14,509,000
Total tax & extraordinary income/cost	-231,000	213,000	-758,000	-842,000
Annual Total Result	109,152,000	27,205,000	-22,142,000	15,351,000

Balance overview

Year	2024	2023	2022	2021
Total fixed assets	634,195,000	498,612,000	444,034,000	473,350,000
Total current assets	453,431,000	512,653,000	492,573,000	494,518,000
Total assets	1,087,626,000	1,011,265,000	936,606,000	967,868,000
Short term debt	274,009,000	240,312,000	183,000,000	173,536,000
Long term debt	0	0	0	0
Total liabilities	582,332,000	575,935,000	532,422,000	536,663,000
Contributed capital	331,812,000	331,812,000	331,812,000	331,814,000
Retained earnings	173,482,000	103,519,000	72,372,000	99,390,000
Total equity	505,294,000	435,331,000	404,184,000	431,204,000
Total equity and liabilities	1,087,626,000	1,011,265,000	936,606,000	967,868,000

Classification

Type of organization

Public limited company

Classification of institutional sector

INNL

Domestic sectors

A_IKKE-FIN

Non-financial corporations

2100

Private non-financial incorporated enterprises

ULSTEIN GROUP ASA980 489 876

ULSTEIN GROUP ASA

Links

Organization

Ownership

Financials

Management

Management / administration

Board

Others

Top 10 individual shareholders

Ownership

Company shareholders

Shares owned by the ULSTEIN GROUP ASA

Group structure

Financials

Summary

P&L

Balance overview

Classification