VOLVO NORGE AS
Organization
- CEO
- KA
Karstein Ahlin1983
- Chairman of the board
- LM
- Years since formation
- 30 years
- since Mar 12, 1995
- Type
- Limited company
- VAT registered
- Yes
- Number of employees
- 357
Ownership
- Number of shares and share classes
- 1
- 1 share class
- Total number of shareholders
- 1
- person
- Belongs to group of
Financials
- Total operating income 2024
- 2,707,141,000
- NOK
- Annual total result 2024
- 98,444,000
- NOK
- Total equity 2024
- 215,927,000
- NOK
Last update: Sep 9, 2025
Management
Management / administration
| Name | Role | Shares |
|---|---|---|
KA 1983 | Managing Director/CEO | - |
Board
| Name | Role | Shares |
|---|---|---|
LM | Chairman | - |
KA 1983 | Board Member | - |
JW | Alternate Member | - |
FA 1995 | Observer | - |
KT 1960 | Board Member | - |
KL | Board Member | - |
Others
| Name | Role | Shares |
|---|---|---|
| Auditor | - |
Last update: May 21, 2025
Ownership
Company shareholders
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
VA | Ordinary shares | 1 | 100 % |
Shares owned by the VOLVO NORGE AS
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
| Ordinary shares | 1,310,000 | 100 % | |
| Ordinary shares | 100 | 50 % |
Last update: Jun 2, 2025
Group structure
- Total operating income 2024: NOK 2,707,141,000Operating profit 2024: NOK 143,128,000Employees: 357
Financials
in NOK
Summary
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 2,707,141,000 | 2,349,139,000 | 2,057,760,000 | 1,898,889,183 |
Annual Total Result | 98,444,000 | 135,577,000 | 97,087,000 | 49,306,831 |
Total assets | 1,728,080,000 | 1,736,623,000 | 1,479,159,000 | 1,270,272,384 |
Total liabilities | 1,512,152,000 | 1,519,851,000 | 1,298,460,000 | 1,121,661,630 |
Total equity | 215,927,000 | 216,772,000 | 180,698,000 | 148,610,753 |
P&L
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 2,707,141,000 | 2,349,139,000 | 2,057,760,000 | 1,898,889,183 |
Total operating costs | 2,564,013,000 | 2,263,094,000 | 1,927,358,000 | 1,829,158,200 |
Operating result | 143,128,000 | 86,046,000 | 130,403,000 | 69,730,982 |
Financial income/costs | -14,668,000 | 67,157,000 | -6,809,000 | -7,658,312 |
Profit before tax | 128,460,000 | 153,203,000 | 123,593,000 | 62,072,670 |
Total tax & extraordinary income/cost | 30,016,000 | 17,626,000 | 26,506,000 | 12,765,839 |
Annual Total Result | 98,444,000 | 135,577,000 | 97,087,000 | 49,306,831 |
Balance overview
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total fixed assets | 775,109,000 | 808,203,000 | 729,159,000 | 710,905,700 |
Total current assets | 952,971,000 | 928,420,000 | 749,999,000 | 559,366,684 |
Total assets | 1,728,080,000 | 1,736,623,000 | 1,479,159,000 | 1,270,272,384 |
Short term debt | 599,712,000 | 650,755,000 | 489,031,000 | 380,147,839 |
Long term debt | 912,440,000 | 869,097,000 | 809,429,000 | 741,513,791 |
Total liabilities | 1,512,152,000 | 1,519,851,000 | 1,298,460,000 | 1,121,661,630 |
Contributed capital | 44,450,000 | 44,450,000 | 44,450,000 | 44,450,281 |
Retained earnings | 171,477,000 | 172,322,000 | 136,248,000 | 104,160,472 |
Total equity | 215,927,000 | 216,772,000 | 180,698,000 | 148,610,753 |
Total equity and liabilities | 1,728,080,000 | 1,736,623,000 | 1,479,159,000 | 1,270,272,384 |
Classification
Type of organization
Limited company
Classification of institutional sector
INNL
Domestic sectors
A_IKKE-FIN
Non-financial corporations
2100
Private non-financial incorporated enterprises