/ Motor
SIEMENS ENERGY TURBOMACHINERY AS
We support companies and countries to reduce emissions across the energy landscape – for a more reliable, affordable and sustainable energy system.
Keywords
productioninternal combustion piston enginesboat engineslocomotive enginespistonspiston ringscarburetorsdiesel enginesintake valvesexhaust valvesturbinessteam turbineshydraulic turbineswater wheelswindmillsgas turbinesturbogenerators
Organization
- CEO
- MF
Magne Flågan1965
- Chairman of the board
- Years since formation
- 30 years
- since Feb 19, 1995
- Type
- Limited company
- VAT registered
- Yes
- Number of employees
- 111
Ownership
- Number of shares and share classes
- 1,200,000
- 1 share class
- Total number of shareholders
- 1
- person
Financials
- Total operating income 2024
- 490,623,768
- NOK
- Annual total result 2024
- 37,148,360
- NOK
- Total equity 2024
- 323,395,922
- NOK
Last update: Apr 14, 2025
Management
Management / administration
| Name | Role | Shares |
|---|---|---|
MF 1965 | Managing Director/CEO | - |
Board
| Name | Role | Shares |
|---|---|---|
MF 1965 | Board Member | - |
| Chairman | - | |
BE | Board Member | - |
AE 1988 | Board Member | - |
SN 1978 | Alternate Member | - |
| Alternate Member | - | |
SY | Alternate Member | - |
DC | Alternate Member | - |
| Board Member | - |
Others
| Name | Role | Shares |
|---|---|---|
| Auditor | - |
Last update: Feb 18, 2025
Ownership
Company shareholders
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
| Ordinary shares | 1,200,000 | 100 % |
Shares owned by the SIEMENS ENERGY TURBOMACHINERY AS
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
| Ordinary shares | 500 | 4.17 % |
Last update: May 24, 2024
Financials
in NOK
Summary
| Year | 2023 | 2022 | 2021 |
|---|---|---|---|
Total operating income | 490,623,768 | 438,753,390 | 463,529,740 |
Annual Total Result | 37,148,360 | 5,471,790 | 51,549,825 |
Total assets | 712,288,219 | 629,716,147 | 693,104,812 |
Total liabilities | 388,892,297 | 316,626,943 | 388,689,148 |
Total equity | 323,395,922 | 313,089,204 | 304,415,664 |
P&L
| Year | 2023 | 2022 | 2021 |
|---|---|---|---|
Total operating income | 490,623,768 | 438,753,390 | 463,529,740 |
Total operating costs | 438,641,364 | 442,903,858 | 389,288,175 |
Operating result | 51,982,404 | -4,150,468 | 74,241,565 |
Financial income/costs | -4,323,691 | 11,204,528 | -613,186 |
Profit before tax | 47,658,713 | 7,054,060 | 73,628,379 |
Total tax & extraordinary income/cost | 10,510,353 | 1,582,270 | 22,078,554 |
Annual Total Result | 37,148,360 | 5,471,790 | 51,549,825 |
Balance overview
| Year | 2023 | 2022 | 2021 |
|---|---|---|---|
Total fixed assets | 106,014,265 | 120,932,035 | 149,055,609 |
Total current assets | 606,273,954 | 508,784,112 | 544,049,203 |
Total assets | 712,288,219 | 629,716,147 | 693,104,812 |
Short term debt | 382,618,275 | 309,654,280 | 380,436,894 |
Long term debt | 6,274,022 | 6,972,663 | 8,252,254 |
Total liabilities | 388,892,297 | 316,626,943 | 388,689,148 |
Contributed capital | 323,254,677 | 323,254,676 | 301,187,338 |
Retained earnings | 141,245 | -10,165,472 | 3,228,326 |
Total equity | 323,395,922 | 313,089,204 | 304,415,664 |
Total equity and liabilities | 712,288,219 | 629,716,147 | 693,104,812 |
Classification
Category
Type of organization
Limited company
Classification of institutional sector
INNL
Domestic sectors
A_IKKE-FIN
Non-financial corporations
2100
Private non-financial incorporated enterprises
Standard industrial classification
C
Main industrial area
Manufacturing
28
Activity
Manufacture of machinery and equipment n.e.c.
28.1
Main industrial group
Manufacture of general-purpose machinery
28.11
Industrial group
Manufacture of engines and turbines, except aircraft, vehicle and cycle engines
28.110
Industrial group
Manufacture of engines and turbines, except aircraft, vehicle and cycle engines