Building of civilian ships and floating structures
VARD ELECTRO AS
Revenue 2024
NOK 2.6bn
Operating profit
NOK 104.2m
Equity
NOK 365.1m
Incorporated
1997
Employees
396
Share capital
NOK 1.0m
Financials
Total operating revenue
Operating profit (EBIT)
Income statement
| Post | 2024 | Trend |
|---|---|---|
| Total operating revenue | 2.6bn | |
| Total operating costs | 2.5bn | |
| Operating profit (EBIT) | 104.2m | |
| Net financial items | 30.6m | |
| Profit for the year | 105.1m |
Balance sheet
| Post | 2024 | Trend |
|---|---|---|
| Total assets | 2.8bn | |
| of which current assets | 2.7bn | |
| Equity | 365.1m | |
| Total liabilities | 2.4bn |
Source: Biztrac.no · Data from the Brønnøysund Register Centre and the Norwegian Tax Administration · Last updated 15.06.2026.