SIEMENS ENERGY TURBOMACHINERY AS

Operating

We support companies and countries to reduce emissions across the energy landscape – for a more reliable, affordable and sustainable energy system.

Utvikling, produksjon, salg og service av gass- turbiner og gassturbinrelaterte systemer og annen virksomhet som naturlig har sammenheng med dette, herunder delta i andre selskaper med lignende virksomhet.

Keywords

productioninternal combustion piston enginesboat engineslocomotive enginespistonspiston ringscarburetorsdiesel enginesintake valvesexhaust valvesturbinessteam turbineshydraulic turbineswater wheelswindmillsgas turbinesturbogenerators

Organization

CEO: MF
Magne Flågan1965
Chairman of the board: EE
Elin Elisabet Hildegard Nyblom1982
Years since formation: 31 years; since Feb 19, 1995
Type: Limited company
VAT registered: Yes
Number of employees: 110

Ownership

Number of shares and share classes: 1,200,000; 1 share class
Total number of shareholders: 1; person

Financials

Total operating income 2025: 736,191,832; NOK
Annual total result 2025: 8,270,591; NOK
Total equity 2025: 489,622,070; NOK

Last update: Sep 5, 2026

Management

Management / administration

Name	Role	Shares
MF Magne Flågan 1965	Managing Director/CEO	-

Board

Name	Role	Shares
EE Elin Elisabet Hildegard Nyblom 1982	Chairman	-
MF Magne Flågan 1965	Board Member	-
SN Ståle Næss 1978	Board Member	-
SY Svein Yttreeide Jacobsen 1970	Alternate Member	-
DG David Grimestad Holm 1980	Board Member	-
TJ Torun Jensen 1966	Alternate Member	-
UH Unni Haaland Johansen 1963	Alternate Member	-
HS Henning Skogen 1983	Alternate Member	-
EB Espen Bostadløkken 1975	Board Member	-

Others

Name	Role	Shares
K KPMG AS	Auditor	-

Last update: Oct 22, 2025

Ownership

Company shareholders

Name	Share class	Total number of shares	Share
SE Siemens Energy Holding Bv	Ordinary shares	1,200,000	100 %

Shares owned by the SIEMENS ENERGY TURBOMACHINERY AS

Name	Share class	Total number of shares	Share
K KONGSBERG INNOVASJON AS	Ordinary shares	500	4.17 %

Last update: Jun 2, 2025

Financials

in NOK

Summary

Year	2024	2023	2022	2021
Total operating income	736,191,832	490,623,768	438,753,390	463,529,740
Annual Total Result	8,270,591	37,148,360	5,471,790	51,549,825
Total assets	704,719,291	712,288,219	629,716,147	693,104,812
Total liabilities	215,097,219	388,892,297	316,626,943	388,689,148
Total equity	489,622,070	323,395,922	313,089,204	304,415,664

P&L

Year	2024	2023	2022	2021
Total operating income	736,191,832	490,623,768	438,753,390	463,529,740
Total operating costs	725,000,564	438,641,364	442,903,858	389,288,175
Operating result	11,191,268	51,982,404	-4,150,468	74,241,565
Financial income/costs	-552,221	-4,323,691	11,204,528	-613,186
Profit before tax	10,639,047	47,658,713	7,054,060	73,628,379
Total tax & extraordinary income/cost	2,368,456	10,510,353	1,582,270	22,078,554
Annual Total Result	8,270,591	37,148,360	5,471,790	51,549,825

Balance overview

Year	2024	2023	2022	2021
Total fixed assets	70,466,290	106,014,265	120,932,035	149,055,609
Total current assets	634,253,001	606,273,954	508,784,112	544,049,203
Total assets	704,719,291	712,288,219	629,716,147	693,104,812
Short term debt	203,398,677	382,618,275	309,654,280	380,436,894
Long term debt	11,698,542	6,274,022	6,972,663	8,252,254
Total liabilities	215,097,219	388,892,297	316,626,943	388,689,148
Contributed capital	479,254,676	323,254,677	323,254,676	301,187,338
Retained earnings	10,367,394	141,245	-10,165,472	3,228,326
Total equity	489,622,070	323,395,922	313,089,204	304,415,664
Total equity and liabilities	704,719,289	712,288,219	629,716,147	693,104,812

Classification

21st company classification

BETA

Industrial large enterprise

SIEMENS ENERGY TURBOMACHINERY AS937 107 323