KVERNELAND GROUP OPERATIONS NORWAY AS
Operating
Kverneland Group - The Future of Farming
Kverneland Group is a leading international company developing, producing and distributing agricultural implements, electronic solutions and digital services.
Fabrikasjon og omsetning av maskiner og redskap
for landbruk, andre industriprodukter, salg av
know-how og lisenser og hva dermed står i forbind-
else, herunder deltakelse i andre selskaper.
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
- 31 years
- since Mar 12, 1995
- Type
- Limited company
- VAT registered
- Yes
- Number of employees
- 391
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 2025
- 854,547,356
- NOK
- Annual total result 2025
- 10,056,105
- NOK
- Total equity 2025
- 772,038,296
- NOK
Last update: Jul 21, 2026
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 | - |
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 2024: NOK 22,416,000Operating profit 2024: NOK -4,025,000Employees: 68
Financials
in NOK
Summary
| Year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
Total operating income | 854,547,356 | 733,968,507 | 1,058,196,448 | 1,016,980,021 | 924,141,292 |
Annual Total Result | 10,056,105 | -34,693,736 | 80,604,480 | 35,224,406 | 52,764,217 |
Total assets | 997,755,671 | 949,802,397 | 1,155,069,594 | 1,154,600,480 | 1,125,454,462 |
Total liabilities | 225,717,375 | 187,820,206 | 358,393,670 | 333,509,498 | 288,680,457 |
Total equity | 772,038,296 | 761,982,191 | 796,675,925 | 821,090,983 | 836,774,004 |
P&L
| Year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
Total operating income | 854,547,356 | 733,968,507 | 1,058,196,448 | 1,016,980,021 | 924,141,292 |
Total operating costs | 844,362,683 | 787,748,857 | 975,353,650 | 978,649,298 | 849,015,058 |
Operating result | 10,184,672 | -53,780,350 | 82,842,798 | 38,330,723 | 75,126,234 |
Financial income/costs | 2,611,504 | 9,518,755 | 23,626,514 | 7,612,139 | -7,949,455 |
Profit before tax | 12,796,177 | -44,261,595 | 106,469,312 | 45,942,862 | 67,176,779 |
Total tax & extraordinary income/cost | 2,740,072 | -9,567,859 | 25,864,832 | 10,718,456 | 14,412,562 |
Annual Total Result | 10,056,105 | -34,693,736 | 80,604,480 | 35,224,406 | 52,764,217 |
Balance overview
| Year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
Total fixed assets | 591,082,311 | 591,551,785 | 584,296,021 | 594,144,313 | 592,985,906 |
Total current assets | 406,673,361 | 358,250,612 | 570,773,573 | 560,456,167 | 532,468,556 |
Total assets | 997,755,671 | 949,802,397 | 1,155,069,594 | 1,154,600,480 | 1,125,454,462 |
Short term debt | 215,639,972 | 177,062,358 | 352,482,940 | 327,871,013 | 282,557,740 |
Long term debt | 10,077,404 | 10,757,848 | 5,910,730 | 5,638,485 | 6,122,717 |
Total liabilities | 225,717,375 | 187,820,206 | 358,393,670 | 333,509,498 | 288,680,457 |
Contributed capital | 761,982,190 | 761,982,191 | 796,675,925 | 804,247,997 | 804,247,997 |
Retained earnings | 10,056,106 | 0 | 0 | 16,842,986 | 32,526,007 |
Total equity | 772,038,296 | 761,982,191 | 796,675,925 | 821,090,983 | 836,774,004 |
Total equity and liabilities | 997,755,671 | 949,802,397 | 1,155,069,595 | 1,154,600,481 | 1,125,454,461 |
Classification
21st company classification
BETA
Industrial large enterprise
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