KVERNELAND GROUP OPERATIONS NORWAY AS
Kverneland Group - The Future of Farming
Kverneland Group is a leading international company developing, producing and distributing agricultural implements, electronic solutions and digital services.
Keywords
productiontractorsmowerslawnmowersself-loadingself-unloadingtrailersagricultural machineryploughsfertilizer spreadersseeding machinesharrowsharvesting machinesthreshing machinessortersmilking machinesspraying machines
Organization
- CEO
- LR
Lars Rotseth1969
- Chairman of the board
- TM
Tor Magne Brunes1971
- Years since formation
- 30 years
- since Mar 12, 1995
- Type
- Limited company
- VAT registered
- Yes
- Number of employees
- 378
Ownership
- Number of shares and share classes
- 10,000
- 1 share class
- Total number of shareholders
- 1
- company
- Belongs to group of
Financials
- Total operating income 2024
- 733,968,507
- NOK
- Annual total result 2024
- -34,693,736
- NOK
- Total equity 2024
- 761,982,191
- NOK
Last update: Jul 12, 2025
Management
Management / administration
| Name | Role | Shares |
|---|---|---|
LR 1969 | Managing Director/CEO | - |
Board
| Name | Role | Shares |
|---|---|---|
TM 1971 | Chairman | - |
BB 1976 | Board Member | - |
BB 1965 | Board Member | - |
TS | Alternate Member | - |
OV 1964 | Alternate Member | - |
ST 1973 | Alternate Member | - |
KR | Board Member | - |
AT | Board Member | - |
RB 1967 | Alternate Member | - |
KS 1969 | Alternate Member | - |
AB | Alternate Member | - |
| Observer | - |
Others
| Name | Role | Shares |
|---|---|---|
| Auditor | - |
Last update: Apr 22, 2025
Ownership
Company shareholders
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
| Ordinary shares | 10,000 | 100 % |
Last update: Jun 2, 2025
Group structure
- Total operating income 2023: NOK 23,664,000Operating profit 2023: NOK -2,633,000Employees: 72
Financials
in NOK
Summary
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 733,968,507 | 1,058,196,448 | 1,016,980,021 | 924,141,292 |
Annual Total Result | -34,693,736 | 80,604,480 | 35,224,406 | 52,764,217 |
Total assets | 949,802,397 | 1,155,069,594 | 1,154,600,480 | 1,125,454,462 |
Total liabilities | 187,820,206 | 358,393,670 | 333,509,498 | 288,680,457 |
Total equity | 761,982,191 | 796,675,925 | 821,090,983 | 836,774,004 |
P&L
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 733,968,507 | 1,058,196,448 | 1,016,980,021 | 924,141,292 |
Total operating costs | 787,748,857 | 975,353,650 | 978,649,298 | 849,015,058 |
Operating result | -53,780,350 | 82,842,798 | 38,330,723 | 75,126,234 |
Financial income/costs | 9,518,755 | 23,626,514 | 7,612,139 | -7,949,455 |
Profit before tax | -44,261,595 | 106,469,312 | 45,942,862 | 67,176,779 |
Total tax & extraordinary income/cost | -9,567,859 | 25,864,832 | 10,718,456 | 14,412,562 |
Annual Total Result | -34,693,736 | 80,604,480 | 35,224,406 | 52,764,217 |
Balance overview
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total fixed assets | 591,551,785 | 584,296,021 | 594,144,313 | 592,985,906 |
Total current assets | 358,250,612 | 570,773,573 | 560,456,167 | 532,468,556 |
Total assets | 949,802,397 | 1,155,069,594 | 1,154,600,480 | 1,125,454,462 |
Short term debt | 177,062,358 | 352,482,940 | 327,871,013 | 282,557,740 |
Long term debt | 10,757,848 | 5,910,730 | 5,638,485 | 6,122,717 |
Total liabilities | 187,820,206 | 358,393,670 | 333,509,498 | 288,680,457 |
Contributed capital | 761,982,191 | 796,675,925 | 804,247,997 | 804,247,997 |
Retained earnings | 0 | 0 | 16,842,986 | 32,526,007 |
Total equity | 761,982,191 | 796,675,925 | 821,090,983 | 836,774,004 |
Total equity and liabilities | 949,802,397 | 1,155,069,595 | 1,154,600,481 | 1,125,454,461 |
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.
28.3
Main industrial group
Manufacture of agricultural and forestry machinery
28.30
Industrial group
Manufacture of agricultural and forestry machinery
28.300
Industrial group
Manufacture of agricultural and forestry machinery