ULSTEIN DESIGN & SOLUTIONS AS

Ship design | Ship building | Systemintegration power &… | Ulstein

Ulstein is a third-generation family-owned company and an internationally renowned provider of ship designs, shipbuilding and system solutions for ships.

Keywords

engineering servicespowerenergytransportwatersewagedrainageindustrymanufacturingtelecommunicationsbroadcastingpolicy analysisregulationsexpert opinionswitness statementsmechanical engineeringautomotive engineeringchemical engineeringtechnical consulting

Organization

CEO: RI
Runar Inge Muren1968
Chairman of the board: GU
Gunvor Ulstein1969
Years since formation: 29 years; since Mar 12, 1995
Type: Limited company
VAT registered: Yes
Number of employees: 45

Ownership

Number of shares and share classes: 1,450; 1 share class
Total number of shareholders: 1; company
Belongs to group of

Financials

Total operating income 2023: 118,689,682; NOK
Annual total result 2023: -3,073,446; NOK
Total equity 2023: 33,938,224; NOK

Last update: Sep 12, 2024

Management

Management / administration

Name	Role	Shares
RI Runar Inge Muren 1968	Managing Director/CEO	-

Board

Name	Role	Shares
TU Tore Ulstein 1967	Deputy Chair	-
ÅE Åsmund Eide 1969	Board Member	-
HP Hans Petter Hildre 1962	Board Member	-
LO Lars Lühr Olsen 1963	Board Member	-
BC Berit Cecilie Skeide 1968	Alternate Member	-
TM Torill Muren 1971	Alternate Member	-
TH Terje Hungnes 1964	Alternate Member	-
GU Gunvor Ulstein 1969	Chairman	2.06 % indirectly
EH Elisabeth Masdal Hovden 1990	Board Member	-
KN Kåre Nygård 1965	Alternate Member	-

Others

Name	Role	Shares
P PRICEWATERHOUSECOOPERS AS	Auditor	-

Top 10 individual shareholders

Name	Role	Shares
IM Idar Marius Ulstein 1977	-	2.87 % indirectly
VU Vegard Ulstein 1965	-	2.86 % indirectly
GU Gunvor Ulstein 1969	Chairman	2.06 % indirectly
MU Martin Ulstein 1948	-	1.93 % indirectly
ML Maria Loen 1966	-	1.31 % indirectly
IU Ingerid Ulstein 1971	-	1.3 % indirectly
OU Oda Ulstein 2001	-	1.12 % indirectly
EU Emma Ulstein 2004	-	1.12 % indirectly

Last update: Oct 29, 2024

Ownership

Company shareholders

Name	Share class	Number of shares	Share
U ULSTEIN GROUP ASA	Ordinary shares	1,450	100 %

Last update: May 24, 2024

Group structure

ULSTEIN GROUP ASA
Total operating income 2023: NOK 24,168,000
Operating profit 2023: NOK -7,940,000
Employees: 13

Financials

in NOK

Summary

Year	2023	2022	2021
Total operating income	118,689,682	147,044,262	226,369,246
Annual Total Result	-3,073,446	5,855,424	7,555,513
Total assets	159,586,983	168,445,580	140,700,213
Total liabilities	125,648,759	131,433,910	109,543,967
Total equity	33,938,224	37,011,670	31,156,246

P&L

Year	2023	2022	2021
Total operating income	118,689,682	147,044,262	226,369,246
Total operating costs	0	0	0
Operating result	-9,097,353	6,257,651	9,122,400
Financial income/costs	0	0	0
Profit before tax	-3,932,112	7,518,399	9,686,554
Total tax & extraordinary income/cost	-858,666	1,662,975	2,131,041
Annual Total Result	-3,073,446	5,855,424	7,555,513

Balance overview

Year	2023	2022	2021
Total fixed assets	89,255,302	89,255,426	89,227,312
Total current assets	70,331,680	79,190,153	51,472,901
Total assets	159,586,983	168,445,580	140,700,213
Short term debt	109,783,071	114,709,556	94,482,588
Long term debt	0	0	0
Total liabilities	125,648,759	131,433,910	109,543,967
Contributed capital	23,600,733	23,600,733	23,600,733
Retained earnings	10,337,491	13,410,937	7,555,513
Total equity	33,938,224	37,011,670	31,156,246
Total equity and liabilities	159,586,983	168,445,580	140,700,213

ULSTEIN DESIGN & SOLUTIONS AS926 738 461