ULSTEIN GROUP ASA

Operating

Direkte og indirekte å eie aksjer og andeler i selskaper som er involvert i skipsbygningsvirksomhet, finansaktiva og annen virksomhet som faller naturlig inn under selskapets driftsområde.

Organization

CEO: GU
Gunvor Ulstein1969
Chairman of the board: TU
Tore Ulstein1967
Years since formation: 27 years; since Feb 2, 1999
Type: Public limited company
VAT registered: Yes
Number of employees: 16

Ownership

Number of shares and share classes: 663,324,718; 1 share class
Total number of shareholders: 1168; 110 companies, 1,058 persons
Belongs to group of

Financials

Total operating income 2025: 36,490,000; NOK
Annual total result 2025: 141,993,000; NOK
Total equity 2025: 582,438,000; NOK

Last update: Sep 1, 2026

Management

Management / administration

Name	Role	Shares
GU Gunvor Ulstein 1969	Managing Director/CEO	-

Board

Name	Role	Shares
TU Tore Ulstein 1967	Chairman	-
OH Olav Holst-Dyrnes 1970	Board Member	-
OH Ole Henrik Bjørge 1970	Board Member	-
IU Ingerid Ulstein 1971	Board Member	-
RA Ragnhild Apeland Katteland 1968	Board Member	-

Others

Name	Role	Shares
T TELL NORGE AS	Auditor	-

Top 10 individual shareholders

Name	Role	Shares
MU Marius Ulstein Idar 1977	-	9.12 % directly < 0.01 % indirectly 9.12 %
UV Ulstein Vegard 1965	-	9.11 % directly < 0.01 % indirectly 9.11 %
UG Ulstein Gunvor 1969	-	6.46 % indirectly
UI Ulstein Ingerid 1971	-	4.09 % directly < 0.01 % indirectly 4.09 %
UO Ulstein Oda 2001	-	3.57 % indirectly
UE Ulstein Emma 2004	-	3.57 % indirectly
UT Ulstein Tore 1967	-	3.06 % directly < 0.01 % indirectly 3.05 %
UM Ulstein Martin 1948	-	1.93 % indirectly
LM Loen Maria 1966	-	1.31 % indirectly
UM Ulstein Martinus 2006	-	1.06 % indirectly

Last update: Jul 14, 2026

Ownership

Company shareholders

Name	Share class	Total number of shares	Share
U ULSMO AS	Ordinary shares	327,750,709	49.41 %
U ULSMO AS	Ordinary shares	96,163,375	14.5 %
M MARTIN AS	Ordinary shares	12,796,550	1.93 %
M MARTIN AS	Ordinary shares	12,796,549	1.93 %
V VILLAMAR AS	Ordinary shares	11,038,285	1.66 %
V VILLAMAR AS	Ordinary shares	11,038,285	1.66 %
A AASHEIM INVEST AS	Ordinary shares	11,038,272	1.66 %
A AASHEIM INVEST AS	Ordinary shares	11,038,271	1.66 %
M MIRAA HOLDING AS	Ordinary shares	8,703,949	1.31 %
M MIRAA HOLDING AS	Ordinary shares	8,703,947	1.31 %
I INGER M KRISTENSEN AS	Ordinary shares	8,020,131	1.21 %
I INGER M KRISTENSEN AS	Ordinary shares	8,020,129	1.21 %
E EMAR INVEST AS	Ordinary shares	7,479,576	1.13 %
E EMAR INVEST AS	Ordinary shares	7,479,575	1.13 %
D DUK INVEST AS	Ordinary shares	5,706,432	0.86 %
D DUK INVEST AS	Ordinary shares	5,706,432	0.86 %
U ULMAR AS	Ordinary shares	5,098,752	0.77 %
U ULMAR AS	Ordinary shares	5,098,752	0.77 %
A ARNE LOEN AS	Ordinary shares	4,963,496	0.75 %
A ARNE LOEN AS	Ordinary shares	4,963,495	0.75 %
S SOLNES AS	Ordinary shares	4,959,255	0.75 %
S SOLNES AS	Ordinary shares	4,959,254	0.75 %
B BEELINE AS	Ordinary shares	4,885,489	0.74 %
B BEELINE AS	Ordinary shares	4,885,488	0.74 %
I INGUS AS	Ordinary shares	4,883,285	0.74 %
I INGUS AS	Ordinary shares	4,883,285	0.74 %
H HUK INVEST AS	Ordinary shares	4,386,741	0.66 %
H HUK INVEST AS	Ordinary shares	4,386,741	0.66 %
M MARGENTUM AS	Ordinary shares	4,193,700	0.63 %
M MARGENTUM AS	Ordinary shares	4,193,699	0.63 %
V VIKHOLMEN AS	Ordinary shares	3,088,819	0.47 %
V VIKHOLMEN AS	Ordinary shares	3,088,819	0.47 %
D DAGNY 4 AS	Ordinary shares	2,349,156	0.35 %
D DAGNY 4 AS	Ordinary shares	2,349,155	0.35 %
M MOGUL INVEST AS	Ordinary shares	1,498,488	0.23 %
M MOGUL INVEST AS	Ordinary shares	1,498,486	0.23 %
T TOKA INVEST II AS	Ordinary shares	1,465,197	0.22 %
T TOKA INVEST II AS	Ordinary shares	1,465,196	0.22 %
J JUPITER INVEST II AS	Ordinary shares	1,420,192	0.21 %
V VEGARD ULSTEIN INVEST II AS	Ordinary shares	1,420,192	0.21 %
J JUPITER INVEST II AS	Ordinary shares	1,420,191	0.21 %
V VEGARD ULSTEIN INVEST II AS	Ordinary shares	1,420,191	0.21 %
U ULSTEIN GROUP ASA	Ordinary shares	1,378,264	0.21 %
U ULSTEIN GROUP ASA	Ordinary shares	1,378,264	0.21 %
M MIMAR AS	Ordinary shares	1,340,697	0.2 %
M MIMAR AS	Ordinary shares	1,340,697	0.2 %
A AMORIN JUNIOR AS	Ordinary shares	1,049,392	0.16 %
A AMORIN JUNIOR AS	Ordinary shares	1,049,391	0.16 %
O OSNESET AS	Ordinary shares	881,503	0.13 %
O OSNESET AS	Ordinary shares	881,503	0.13 %
A AMORIN AS	Ordinary shares	843,499	0.13 %
A AMORIN AS	Ordinary shares	843,499	0.13 %
M MOGUL KAPITAL AS	Ordinary shares	627,044	0.09 %
T TOKA INVEST JUNIOR AS	Ordinary shares	627,044	0.09 %
M MOGUL KAPITAL AS	Ordinary shares	627,043	0.09 %
T TOKA INVEST JUNIOR AS	Ordinary shares	627,043	0.09 %
IU Idar Ulstein Svein 1963	Ordinary shares	600,000	0.09 %
IU Idar Ulstein Svein 1963	Ordinary shares	600,000	0.09 %
B BORGSTEIN AS	Ordinary shares	586,646	0.09 %
B BORGSTEIN AS	Ordinary shares	586,646	0.09 %
M MARTINUS ULSTEIN AS	Ordinary shares	472,699	0.07 %
M MARTINUS ULSTEIN AS	Ordinary shares	472,699	0.07 %
J JUPITER INVEST JUNIOR AS	Ordinary shares	472,699	0.07 %
J JUPITER INVEST JUNIOR AS	Ordinary shares	472,699	0.07 %
MU Merete Ulstein Botnen Ingunn 1955	Ordinary shares	400,000	0.06 %
MU Merete Ulstein Botnen Ingunn 1955	Ordinary shares	400,000	0.06 %
L LOJAL AS	Ordinary shares	317,363	0.05 %
L LOJAL AS	Ordinary shares	317,363	0.05 %
LA Loen Arne 1959	Ordinary shares	115,794	0.02 %
LA Loen Arne 1959	Ordinary shares	115,793	0.02 %
UT Ulstein Tore 1967	Ordinary shares	37,500	< 0.01 %
UT Ulstein Tore 1967	Ordinary shares	37,500	< 0.01 %
KA Kvadsheim Arne 1958	Ordinary shares	37,450	< 0.01 %
KA Kvadsheim Arne 1958	Ordinary shares	37,450	< 0.01 %
J JOHN KLEVEN AS Closed	Ordinary shares	25,600	< 0.01 %
J JOHN KLEVEN AS Closed	Ordinary shares	25,600	< 0.01 %
HH Håvard Holstad Otto 1939	Ordinary shares	25,475	< 0.01 %
HH Håvard Holstad Otto 1939	Ordinary shares	25,474	< 0.01 %
S SPAREBANK 1 SMN	Ordinary shares	20,950	< 0.01 %
S SPAREBANK 1 SMN	Ordinary shares	20,950	< 0.01 %
MU Marius Ulstein Idar 1977	Ordinary shares	19,641	< 0.01 %
UV Ulstein Vegard 1965	Ordinary shares	19,641	< 0.01 %
UI Ulstein Ingerid 1971	Ordinary shares	19,641	< 0.01 %
MU Marius Ulstein Idar 1977	Ordinary shares	19,640	< 0.01 %
UV Ulstein Vegard 1965	Ordinary shares	19,640	< 0.01 %
UI Ulstein Ingerid 1971	Ordinary shares	19,640	< 0.01 %
S SPAREBANKEN MØRE	Ordinary shares	15,000	< 0.01 %
S SPAREBANKEN MØRE	Ordinary shares	15,000	< 0.01 %
SE Sandnes Endre 1945	Ordinary shares	13,618	< 0.01 %
SE Sandnes Endre 1945	Ordinary shares	13,617	< 0.01 %
MH Magne Horgen Odd 1948	Ordinary shares	13,200	< 0.01 %
MH Magne Horgen Odd 1948	Ordinary shares	13,200	< 0.01 %
LK Lovise Kvadsheim Anne 1966	Ordinary shares	12,308	< 0.01 %
EK Elisabet Kvadsheim Tora 1966	Ordinary shares	12,308	< 0.01 %
EK Elisabet Kvadsheim Tora 1966	Ordinary shares	12,308	< 0.01 %
LK Lovise Kvadsheim Anne 1966	Ordinary shares	12,308	< 0.01 %
SN Sævik Njål 1969	Ordinary shares	11,580	< 0.01 %
RG Reidar Grung Jan 1950	Ordinary shares	11,580	< 0.01 %
KI Kaldhol Idar 1939	Ordinary shares	11,580	< 0.01 %
OR Osborg Robert 1963	Ordinary shares	11,580	< 0.01 %

Shares owned by the ULSTEIN GROUP ASA

Name	Share class	Total number of shares	Share
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	Ordinary shares	1,378,264	0.21 %
C CIVITA AS	Ordinary shares	3	0.1 %

Last update: Sep 25, 2026

Group structure

ULSTEIN GROUP ASA
Total operating income 2025: NOK 36,490,000
Operating profit 2025: NOK -8,583,000
Employees: 16

Financials

in NOK

Summary

Year	2025	2024	2023	2022	2021
Total operating income	36,490,000	29,378,000	24,168,000	21,063,000	18,798,000
Annual Total Result	141,993,000	109,152,000	27,205,000	-22,142,000	15,351,000
Total assets	1,149,452,000	1,087,626,000	1,011,265,000	936,606,000	967,868,000
Total liabilities	567,014,000	582,332,000	575,935,000	532,422,000	536,663,000
Total equity	582,438,000	505,294,000	435,331,000	404,184,000	431,204,000

P&L

Year	2025	2024	2023	2022	2021
Total operating income	36,490,000	29,378,000	24,168,000	21,063,000	18,798,000
Total operating costs	0	0	0	0	0
Operating result	-8,583,000	-10,178,000	-7,940,000	-6,642,000	-9,027,000
Financial income/costs	0	0	0	0	0
Profit before tax	141,839,000	108,921,000	27,418,000	-22,900,000	14,509,000
Total tax & extraordinary income/cost	-154,000	-231,000	213,000	-758,000	-842,000
Annual Total Result	141,993,000	109,152,000	27,205,000	-22,142,000	15,351,000

Balance overview

Year	2025	2024	2023	2022	2021
Total fixed assets	741,681,000	634,195,000	498,612,000	444,034,000	473,350,000
Total current assets	407,771,000	453,431,000	512,653,000	492,573,000	494,518,000
Total assets	1,149,452,000	1,087,626,000	1,011,265,000	936,606,000	967,868,000
Short term debt	388,680,000	274,009,000	240,312,000	183,000,000	173,536,000
Long term debt	0	0	0	0	0
Total liabilities	567,014,000	582,332,000	575,935,000	532,422,000	536,663,000
Contributed capital	331,811,000	331,812,000	331,812,000	331,812,000	331,814,000
Retained earnings	250,627,000	173,482,000	103,519,000	72,372,000	99,390,000
Total equity	582,438,000	505,294,000	435,331,000	404,184,000	431,204,000
Total equity and liabilities	1,149,452,000	1,087,626,000	1,011,265,000	936,606,000	967,868,000

Classification

21st company classification

BETA

Small company

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

Standard industrial classification

ULSTEIN GROUP ASA980 489 876