VARD ELECTRO 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.
Organization
- CEO
- HT
- Chairman of the board
- AQ
Andrea Qualizza1967
- Years since formation
- 28 years
- since Jun 18, 1997
- Type
- Limited company
- VAT registered
- Yes
- Number of employees
- 398
Ownership
- Number of shares and share classes
- 1,000
- 1 share class
- Total number of shareholders
- 1
- company
- Belongs to group of
Financials
- Total operating income 2024
- 2,617,257,052
- NOK
- Annual total result 2024
- 105,088,789
- NOK
- Total equity 2024
- 365,130,354
- NOK
Last update: Sep 9, 2025
Management
Management / administration
| Name | Role | Shares |
|---|---|---|
HT | Managing Director/CEO | - |
Board
| Name | Role | Shares |
|---|---|---|
AQ 1967 | Chairman | - |
GP 1970 | Board Member | - |
GO 1974 | Board Member | - |
TV 1967 | Board Member | - |
MS | Alternate Member | - |
JA | Alternate Member | - |
BO 1979 | Board Member | - |
| Board Member | - | |
| Board Member | - | |
CD 1981 | Board Member | - |
HT | Board Member | - |
OE 1986 | Alternate Member | - |
Others
| Name | Role | Shares |
|---|---|---|
| Auditor | - |
Last update: Apr 28, 2025
Ownership
Company shareholders
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
| Ordinary shares | 1,000 | 100 % |
Shares owned by the VARD ELECTRO AS
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
| Ordinary shares | 500 | 5.88 % | |
| Ordinary shares | 2,038 | 0.97 % |
Last update: Jun 2, 2025
Group structure
- Total operating income 2024: NOK 10,237,272,000Operating profit 2024: NOK -358,327,000Employees: 829
Financials
in NOK
Summary
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 2,617,257,052 | 1,806,932,555 | 1,800,087,101 | 1,612,191,193 |
Annual Total Result | 105,088,789 | 162,155,306 | 90,629,072 | 44,851,356 |
Total assets | 2,809,520,277 | 1,909,346,000 | 1,549,396,073 | 1,517,976,518 |
Total liabilities | 2,444,389,923 | 1,556,872,612 | 1,430,808,454 | 1,380,017,970 |
Total equity | 365,130,354 | 352,473,388 | 118,587,619 | 137,958,547 |
P&L
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 2,617,257,052 | 1,806,932,555 | 1,800,087,101 | 1,612,191,193 |
Total operating costs | 2,513,095,524 | 1,732,363,977 | 1,678,047,236 | 1,518,833,707 |
Operating result | 104,161,529 | 74,568,578 | 122,039,865 | 93,357,486 |
Financial income/costs | 30,611,777 | 103,889,707 | -5,727,349 | -18,078,699 |
Profit before tax | 134,773,306 | 178,458,285 | 116,312,516 | 75,278,787 |
Total tax & extraordinary income/cost | 29,684,517 | 16,302,979 | 25,683,444 | 30,427,431 |
Annual Total Result | 105,088,789 | 162,155,306 | 90,629,072 | 44,851,356 |
Balance overview
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total fixed assets | 152,319,485 | 149,731,120 | 133,892,381 | 122,788,736 |
Total current assets | 2,657,200,792 | 1,759,614,880 | 1,415,503,692 | 1,395,187,782 |
Total assets | 2,809,520,277 | 1,909,346,000 | 1,549,396,073 | 1,517,976,518 |
Short term debt | 2,419,599,065 | 1,539,926,526 | 1,358,434,885 | 1,333,327,845 |
Long term debt | 24,790,858 | 16,946,086 | 72,373,569 | 46,690,125 |
Total liabilities | 2,444,389,923 | 1,556,872,612 | 1,430,808,454 | 1,380,017,970 |
Contributed capital | 352,473,388 | 352,473,388 | 56,734,230 | 56,734,230 |
Retained earnings | 12,656,966 | 0 | 61,853,389 | 81,224,317 |
Total equity | 365,130,354 | 352,473,388 | 118,587,619 | 137,958,547 |
Total equity and liabilities | 2,809,520,277 | 1,909,346,000 | 1,549,396,073 | 1,517,976,517 |
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