GYLDENDAL ASA

Operating

Driver virksomhet i bokbransjen.

Hovedvirksomheten er forlegging av bøker. Men andre hovedområder er også: bokhandel, distribusjon og bokklubb.

Keywords

books

Organization

CEO: JT
John Tørres Thuv1970
Chairman of the board: TM
Trine Must1971
Years since formation: 31 years; since Mar 12, 1995
Type: Public limited company
VAT registered: Yes
Number of employees: 16

Ownership

Number of shares and share classes: 2,352,240; 1 share class
Total number of shareholders: 562; 39 companies, 523 persons
Belongs to group of

Financials

Total operating income 2025: 63,351,000; NOK
Annual total result 2025: 12,697,000; NOK
Total equity 2025: 406,772,000; NOK

Last update: Aug 12, 2026

Management

Management / administration

Name	Role	Shares
JT John Tørres Thuv 1970	Managing Director/CEO	-

Board

Name	Role	Shares
TM Trine Must 1971	Chairman	-
AN Arild Nysæther 1971	Board Member	-
SB Siri Birgit Teigum 1961	Board Member	-
TJ Thomas Jelle 1979	Board Member	-
OS Oddbjørn Snekkerbakken 1974	Board Member	-
AM Anne Marie Tønnessen 1957	Alternate Member	-
MN Marit Näumann 1963	Alternate Member	-
LE Lisa Edvardsen Haugan 1976	Board Member	-
HK Håvard Kvalheim 1983	Board Member	-
KR Karina Rohde 1985	Board Member	-
OM Ola Mørk 1976	Alternate Member	-
OG Oskar Galewicz 1989	Alternate Member	-
LA Lillian Aalen 1969	Alternate Member	-
AE Anita Elizabeth Jonvei Wiksaas 1963	Alternate Member	-

Others

Name	Role	Shares
E ERNST & YOUNG AS	Auditor	-

Top 10 individual shareholders

Name	Role	Shares
MT Must Trine 1971	-	42.76 % directly 0.14 % indirectly 42.62 %
CM Christian Must Erik 1973	-	42.65 % directly 0.4 % indirectly 42.25 %
KH Kaland Helge 1973	-	1.28 % indirectly
JK Johannes Kaland Ole 1983	-	1.28 % indirectly
FK Fredrik Kaland Hans 1970	-	1.28 % indirectly
JH Jorunn Hammersvik Røed Gunvor 1950	-	1.16 % directly

Last update: Sep 3, 2026

Ownership

Company shareholders

Name	Share class	Total number of shares	Share
M MUST AS	Ordinary shares	2,020,146	85.88 %
F FALCK FRÅS AS	Ordinary shares	100,000	4.25 %
G GYLDENDAL ASA	Ordinary shares	45,109	1.92 %
S SVANHILD OG ARNE MUSTS FOND FOR MEDISINSK FORSKNING STI	Ordinary shares	32,317	1.37 %
JH Jorunn Hammersvik Røed Gunvor 1950	Ordinary shares	27,315	1.16 %
F FORLAGSHUSET VIGMOSTAD & BJØRKE AS	Ordinary shares	21,095	0.9 %
AM Altenburg Must Annelise 1944	Ordinary shares	13,345	0.57 %
CM Christian Must Erik 1973	Ordinary shares	9,502	0.4 %
A AS FONDAL	Ordinary shares	8,625	0.37 %
TT Tørres Thuv John 1970	Ordinary shares	5,258	0.22 %
H HAUKÅS KONSULENTENE AS	Ordinary shares	3,380	0.14 %
BE Bruusgaard Eli 1943	Ordinary shares	3,320	0.14 %
MT Must Trine 1971	Ordinary shares	3,177	0.14 %
S SUVEREN AS	Ordinary shares	2,939	0.12 %
HR Holmsen Roger 1970	Ordinary shares	2,615	0.11 %
A AS FORLAGSFINANS	Ordinary shares	2,300	0.1 %
B BOKTRYKKER J PETLITZ OG HUSTRU ANNA MARGRETHES MINNE STI	Ordinary shares	1,950	0.08 %
SO Synnøve Opheim Berit 1933	Ordinary shares	1,390	0.06 %
A ASKER KIRKELIGE FELLESRÅD	Ordinary shares	1,290	0.05 %
MB Magnhild Bøvre Ellen 1962	Ordinary shares	1,160	0.05 %
TB Tvedt Beate 1946	Ordinary shares	1,042	0.04 %
KG Karine Gade Braathen Ingeborg 1935	Ordinary shares	1,035	0.04 %
P PENSATO AS	Ordinary shares	1,000	0.04 %
RK Røed Kristoffer 1976	Ordinary shares	1,000	0.04 %
RM Røed Marianne 1980	Ordinary shares	1,000	0.04 %
HC Haakon Christensen Dag 1940	Ordinary shares	820	0.03 %
JB Joar Bratrud Gudmund 1947	Ordinary shares	815	0.03 %
E ESPELAND INVESTMENT AS	Ordinary shares	812	0.03 %
I IMI INVESTERING AS	Ordinary shares	758	0.03 %
JH Johannes Hartmann Per 1945	Ordinary shares	710	0.03 %
ÅP Åge Præsterud Lars 1954	Ordinary shares	660	0.03 %
WN Wilhelm Nordan Jacob 1937	Ordinary shares	600	0.03 %
L LEGE FR ARENTZ LEGAT STI	Ordinary shares	600	0.03 %
PH Paludan Heyerdahl Jens 1943	Ordinary shares	600	0.03 %
OE Omre Eva 1924	Ordinary shares	596	0.03 %
E ELSE FORVALTNING AS	Ordinary shares	595	0.03 %
VM Viggo Manthey Hølmebakk Carl 1958	Ordinary shares	570	0.02 %
TM Torben Manthey Hølmebakk Søren 1956	Ordinary shares	570	0.02 %
GA Gerhard Ameln Christian 1962	Ordinary shares	550	0.02 %
HK Hjerkinn Kooyman Siri 1944	Ordinary shares	542	0.02 %
GJ Gunnar Johansson Lars 1969	Ordinary shares	500	0.02 %
SE Samuelsen Erik 1944	Ordinary shares	500	0.02 %
SP Skovlie Per 1944	Ordinary shares	500	0.02 %
DG Dørge Gåsø Tove 1969	Ordinary shares	500	0.02 %
ØJ Østbø Jon 1949	Ordinary shares	500	0.02 %
KM Katharina Mustad Bevreng Ruth 1952	Ordinary shares	475	0.02 %
CO Cecilie Omre Unn 1953	Ordinary shares	475	0.02 %
UA Ullestad Anders 1950	Ordinary shares	475	0.02 %
C CAPPELEN DAMM AS	Ordinary shares	465	0.02 %
JB Jensen Bjørg 1952	Ordinary shares	465	0.02 %
LA Lilledal Andersen Bo 1954	Ordinary shares	443	0.02 %
LM Lie Mons 1938	Ordinary shares	420	0.02 %
HB Helene Birkeland Hanne 1941	Ordinary shares	387	0.02 %
PD Præsterud Dag 1961	Ordinary shares	385	0.02 %
EJ Elisabeth Johannessen Sonja 1960	Ordinary shares	370	0.02 %
FO Fredrik Otto Hagemann Christian 1966	Ordinary shares	370	0.02 %
SR Skjevling Randi 1952	Ordinary shares	355	0.02 %
AT Are Tvedt Knut 1952	Ordinary shares	351	< 0.01 %
D DIMITRI BRUNS HOLDING AS	Ordinary shares	347	< 0.01 %
BV Bredde Vig Hanne 1966	Ordinary shares	346	< 0.01 %
RR Reidar Røtterud Lars 1964	Ordinary shares	335	< 0.01 %
KS Katrine Sandvik Helle 1976	Ordinary shares	327	< 0.01 %
B BJØRKEHAGEN AS	Ordinary shares	325	< 0.01 %
SH Steen Holst Marianne 1954	Ordinary shares	320	< 0.01 %
GW Geir Wikborg Tord 1950	Ordinary shares	300	< 0.01 %
M MAXWELL MONTES AS	Ordinary shares	300	< 0.01 %
MH Matland Harald 1953	Ordinary shares	290	< 0.01 %
AA Askevold Anders 1966	Ordinary shares	280	< 0.01 %
EØ Eide Øyvind 1940	Ordinary shares	278	< 0.01 %
P PETCHA AS	Ordinary shares	269	< 0.01 %
HH Hesselberg Hanne 1966	Ordinary shares	253	< 0.01 %
TL Titlestad Lars 1977	Ordinary shares	250	< 0.01 %
T TRANE AS	Ordinary shares	250	< 0.01 %
M M&G INVEST AS	Ordinary shares	240	< 0.01 %
MF Merete Finstad Ona 1959	Ordinary shares	235	< 0.01 %
MF Morten Finstad Ole 1955	Ordinary shares	235	< 0.01 %
SK Sandberg Karin 1934	Ordinary shares	220	< 0.01 %
TM Therese Melbye Hofsmo Hanne 1955	Ordinary shares	215	< 0.01 %
BT Bretteville-Jensen Tone 1944	Ordinary shares	215	< 0.01 %
RØ Reidar Øie Odd 1950	Ordinary shares	202	< 0.01 %
BR Bommen Rise Kirsten 1969	Ordinary shares	200	< 0.01 %
KH Kvalheim Håvard 1983	Ordinary shares	200	< 0.01 %
AN Assad Nasir Mohammad 1985	Ordinary shares	196	< 0.01 %
AR Aarø Richard 1967	Ordinary shares	192	< 0.01 %
BA Bjerkeset Andersen Viel 1963	Ordinary shares	192	< 0.01 %
MF Margareta Fasmer Inga 1936	Ordinary shares	188	< 0.01 %
AW Alice Wågen Inger 1952	Ordinary shares	188	< 0.01 %
BL Braa Leland Jostein 1992	Ordinary shares	175	< 0.01 %
OH Oscar Hoftvedt Bjørn 1946	Ordinary shares	164	< 0.01 %
AK Aarflot Kristine 1964	Ordinary shares	160	< 0.01 %
MD Mette Dombek Inger 1955	Ordinary shares	158	< 0.01 %
JM Johanna Magnus Inger 1927	Ordinary shares	155	< 0.01 %
AR Adolf Raabe Gustav 1938	Ordinary shares	155	< 0.01 %
CB Christopher Bjelke William 1962	Ordinary shares	150	< 0.01 %
OB Odny Bakketeig Solveig 1939	Ordinary shares	150	< 0.01 %
AA Ameln Amundsen Vivi 1939	Ordinary shares	150	< 0.01 %
A ALLUMGÅRDEN AS	Ordinary shares	150	< 0.01 %
BR Bjerkestrand Reidar 1959	Ordinary shares	150	< 0.01 %
AV Ameln Von Erpecom Jan 1946	Ordinary shares	150	< 0.01 %
JR Jan Rike Ole 1977	Ordinary shares	149	< 0.01 %

Shares owned by the GYLDENDAL ASA

Name	Share class	Total number of shares	Share
A ARK BOKHANDEL AS	Ordinary shares	35,200	100 %
F FORLAGSTJENESTER AS	Ordinary shares	1,000	100 %
G GYLDENDAL NORSK FORLAG AS	Ordinary shares	20,000	100 %
M MEGAFON FORLAG AS	Ordinary shares	1,500	60 %
F FORENTE FORLAG AS	Ordinary shares	66,947	50.18 %
F FORLAGSSENTRALEN AS	Ordinary shares	500	50 %
F FABEL LYD AS	Ordinary shares	16,500	50 %
D DE NORSKE BOKKLUBBENE AS	Ordinary shares	4,488,755	48.5 %
B BOKBASEN AS	Ordinary shares	24,750	15 %
G GYLDENDAL ASA	Ordinary shares	45,109	1.92 %
P POLARIS MEDIA ASA	Ordinary shares	924,000	1.89 %

Last update: Sep 25, 2026

Group structure

MUST AS
Total operating income 2025: NOK 155,936,598
Operating profit 2025: NOK 140,792,377
Employees: 0

Financials

in NOK

Summary

Year	2025	2024	2023	2022	2021
Total operating income	63,351,000	35,807,000	37,213,000	33,953,000	32,623,000
Annual Total Result	12,697,000	-3,443,000	-10,512,000	7,053,000	-15,987,000
Total assets	1,004,778,000	911,038,000	843,323,000	891,231,000	987,328,000
Total liabilities	598,006,000	470,121,000	404,922,000	450,846,000	506,298,000
Total equity	406,772,000	440,918,000	438,400,000	440,384,000	481,030,000

P&L

Year	2025	2024	2023	2022	2021
Total operating income	63,351,000	35,807,000	37,213,000	33,953,000	32,623,000
Total operating costs	109,266,000	77,962,000	84,576,000	97,196,000	107,779,000
Operating result	-45,915,000	-42,155,000	-47,363,000	-63,243,000	-75,156,000
Financial income/costs	57,041,000	39,591,000	37,487,000	65,091,000	59,352,000
Profit before tax	11,126,000	-2,564,000	-9,876,000	1,848,000	-15,804,000
Total tax & extraordinary income/cost	-1,571,000	879,000	636,000	-5,205,000	183,000
Annual Total Result	12,697,000	-3,443,000	-10,512,000	7,053,000	-15,987,000

Balance overview

Year	2025	2024	2023	2022	2021
Total fixed assets	540,602,000	515,443,000	493,377,000	492,642,000	481,181,000
Total current assets	464,176,000	395,595,000	349,946,000	398,589,000	506,147,000
Total assets	1,004,778,000	911,038,000	843,323,000	891,231,000	987,328,000
Short term debt	535,038,000	408,047,000	335,958,000	381,931,000	433,612,000
Long term debt	62,968,000	62,074,000	68,964,000	68,915,000	72,686,000
Total liabilities	598,006,000	470,121,000	404,922,000	450,846,000	506,298,000
Contributed capital	23,071,000	23,071,000	23,071,000	23,071,000	23,071,000
Retained earnings	383,701,000	417,847,000	415,329,000	417,313,000	457,959,000
Total equity	406,772,000	440,918,000	438,400,000	440,384,000	481,030,000
Total equity and liabilities	1,004,778,000	911,039,000	843,322,000	891,230,000	987,328,000

Classification

21st company classification

BETA

Industrial daughter company

GYLDENDAL ASA812 206 222

GYLDENDAL ASA

Keywords

Organization

Ownership

Financials

Management

Management / administration

Board

Others

Top 10 individual shareholders

Ownership

Company shareholders

Shares owned by the GYLDENDAL ASA

Group structure

Financials

Summary

P&L

Balance overview

Classification