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VARD GROUP AS

VARD GROUP AS980 100 820

Ships and boats
Limited company
Skansekaia 2 6002 ÅLESUND, Norge
Industry and manufacturing
/ Ships and boats
/ 30.111 Building of ships and hulls more than 100 g.r.tons

VARD GROUP AS

Home - VARD
Together with our customers and partners, we utilize our innovation power to meet the world’s changing needs with modern shipbuilding facilities, new vessels, products and services.

Keywords

buildinglargeshipsboard

Links

Organization

CEO
CK

Cathrine Kristiseter Marti1975

Chairman of the board
AM

Alberto Maestrini1959

Years since formation
27 years
since Sep 8, 1998
Type
Limited company
VAT registered
Yes
Number of employees
823

Ownership

Number of shares and share classes
267,956
1 share class
Total number of shareholders
1
person
Belongs to group of

Financials

Total operating income 2024
10,237,272,000
NOK
Annual total result 2024
364,753,000
NOK
Total equity 2024
387,593,000
NOK
Last update: Jun 17, 2025

Management

Management / administration

NameRoleShares
CK

Cathrine Kristiseter Marti

1975

Managing Director/CEO-

Board

NameRoleShares
AM

Alberto Maestrini

1959

Chairman-
LM

Luigi Matarazzo

1965

Board Member-
AO

Arne Otto Rogne

1962

Board Member-
HK

Henning Karleif Øye

1981

Board Member-
JI

Jørn Inge Hestnes

1968

Alternate Member-
RS

Ravinthrakumar Suntharalingam

1960

Board Member-
KF

Kristin Frøynes Devold

1971

Alternate Member-
TS

Tore Sunde

1965

Alternate Member-
CK

Cathrine Kristiseter Marti

1975

Board Member-
CC

Claudio Cisilino

1977

Board Member-
EO

Elisa Olivier

1981

Board Member-
LP

Lorenza Pigozzi

1967

Board Member-

Others

NameRoleShares
D
DELOITTE AS
Auditor-
Last update: May 12, 2025

Ownership

Company shareholders

NameShare classTotal number of sharesShare
VH

Vard Holdings Ltd

Ordinary shares
267,956
100 %

Shares owned by the VARD GROUP AS

NameShare classTotal number of sharesShare
V
VARD PIPING AS
Ordinary shares
100
100 %
V
VARD ENGINEERING BREVIK AS
Ordinary shares
1,500
100 %
V
VARD ELECTRO AS
Ordinary shares
1,000
100 %
V
VARD INTERIORS AS
Ordinary shares
500
100 %
V
VARD DESIGN AS
Ordinary shares
4,000
100 %
S
SEAONICS AS
Ordinary shares
46,639,721
100 %
A
AUKRA OVERNATTING AS
Ordinary shares
386
38.99 %
S
SOLSTAD SUPPLY AS
Ordinary shares
91,992
26.66 %
H
HAMNSUNDSAMBANDET AS
Ordinary shares
1
5.26 %
Å
ÅKP AS
Ordinary shares
200
2.4 %
H
HAREID FASTLANDSAMBAND AS
Ordinary shares
200
2.08 %
P
PROTOMORE KUNNSKAPSPARK AS
Ordinary shares
200
1.42 %
K
KRISTIANSUND OG NORDMØRE NÆRINGSFORENING AS
Ordinary shares
425
0.29 %
M
MØREAKSEN AS
Ordinary shares
212
0.29 %
U
ULSTEIN GROUP ASA
NO0010003429
2,500
< 0.01 %
Last update: Jun 2, 2025

Group structure

  • VARD GROUP AS
    Total operating income 2024: NOK 10,237,272,000
    Operating profit 2024: NOK -358,327,000
    Employees: 823

Financials

in NOK

Summary

Year2024202320222021
Total operating income
10,237,272,000
5,727,010,334
6,002,249,000
6,194,241,000
Annual Total Result
364,753,000
-87,932,656
-426,318,000
-766,629,000
Total assets
16,818,301,000
15,010,417,044
9,390,141,000
8,224,752,000
Total liabilities
16,430,707,000
14,987,576,522
9,279,368,000
7,687,660,000
Total equity
387,593,000
22,840,522
110,773,000
537,092,000

P&L

Year2024202320222021
Total operating income
10,237,272,000
5,727,010,334
6,002,249,000
6,194,241,000
Total operating costs
10,595,598,000
5,939,691,851
6,395,441,000
6,852,663,000
Operating result
-358,327,000
-212,681,517
-393,192,000
-658,422,000
Financial income/costs
565,458,000
124,748,861
-30,505,000
-107,652,000
Profit before tax
207,132,000
-87,932,656
-423,697,000
-766,074,000
Total tax & extraordinary income/cost
-157,621,000
0
2,621,000
555,000
Annual Total Result
364,753,000
-87,932,656
-426,318,000
-766,629,000

Balance overview

Year2024202320222021
Total fixed assets
3,323,751,000
3,898,882,352
2,427,341,000
2,631,889,000
Total current assets
13,494,550,000
11,111,534,691
6,962,800,000
5,592,863,000
Total assets
16,818,301,000
15,010,417,044
9,390,141,000
8,224,752,000
Short term debt
16,380,707,000
14,937,576,522
9,229,368,000
7,637,660,000
Long term debt
50,000,000
50,000,000
50,000,000
50,000,000
Total liabilities
16,430,707,000
14,987,576,522
9,279,368,000
7,687,660,000
Contributed capital
8,719,752,000
8,719,751,897
8,719,752,000
8,719,752,000
Retained earnings
-8,332,159,000
-8,696,911,375
-8,608,979,000
-8,182,660,000
Total equity
387,593,000
22,840,522
110,773,000
537,092,000
Total equity and liabilities
16,818,301,000
15,010,417,044
9,390,141,000
8,224,752,000

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
30
Activity
Manufacture of other transport equipment
30.1
Main industrial group
Building of ships and boats
30.11
Industrial group
Building of ships and floating structures
30.111
Industrial group
Building of ships and hulls more than 100 g.r.tons