VARD ELECTRO AS
Operating
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.
Elektroinstallasjon og yte konsulenttjenester til industri og
næringsliv, samt produksjon av elektroautomasjon og salg av
elektromateriell. Selskapet kan også investere i andre selskaper med
økonomisk formål.
Drive elektroinstallasjon, samt konsulenttjenester til landbasert og
maritim relatert industri. Dessuten drive handel med varer med
tilhørighet til bransjen.
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
- 399
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: Oct 15, 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: 834
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
21st company classification
BETA
Industrial large enterprise
Type of organization
Limited company
Classification of institutional sector
INNL
Domestic sectors
A_IKKE-FIN
Non-financial corporations
2100
Private non-financial incorporated enterprises