NTB AS
ASActiveOrg 914797497Skippergata 24, 0154 OsloNews agency activities· NACE 6031Est. 1918 · 108 years old248 employeeshttps://www.ntb.no
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Overview
NTB AS is a Norwegian AS based in Oslo, operating in the News agency activities sector. Incorporated in 1918, the company has 248 employees and reported revenue of NOK 319.1m in its latest annual filing.
Revenue 2025
319.1M NOK
+6% vs 2024
EBITDA margin
4.7 %
−27% vs 2024
Net profit 2025
11.8M NOK
-52% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
67.7 %
StrongAmong the 40% highest rated companies in the industry
20212025
Liquidity ratioCurrent assets ÷ Short-term debt
1.5×
AverageAround the average of companies in the same industry
20212025
Return on assets (ROA)Net profit ÷ Total assets × 100
5.8 %
StrongAmong the 40% highest rated companies in the industry
20212025
EBITDA — year on year
NOK millionsKey figures
Annual report 2025| Revenue | 319.1M NOK | +6% |
| EBITDA | 15M NOK | -27% |
| Net profit | 11.8M NOK | -52% |
| Total assets | 203M NOK | -14% |
| Equity | 137.5M NOK | -11% |
| Employees | 248 | — |
Company information
Legal name
NTB AS
Org number
914797497
Legal form
Aksjeselskap
NACE code
6031 · News agency activities
Founded
2 February 1918 · 108 years
Share capital
—
Employees
248 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2025-12-31
Financial year
January – December
Signatory rights
Styrets leder og ett styremedlem i fellesskap.
Company purpose
Drive nyhetsbyrå og annen beslektet virksomhet. Selskapet er uavhengig og frittstående. Norsk telegrambyrå kan erverve og eie virksomhet som bidrar til innfrielse av selskapets formål.
(no translation available)
Contact
Address
Skippergata 24, 0154 Oslo
Website
https://www.ntb.no
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Financial development
In its most recent annual report (2025), NTB AS reported revenue of NOK 319.1m, an increase of 6% on the year before. The figures on this page draw on 5 annual filings covering 2021 to 2025. The bottom line showed a net profit of NOK 11.8m, and the EBITDA margin stood at 4.7%.
At the end of 2025, equity financed 67.7% of the balance sheet, and current assets covered short-term debt 1.5 times.
Financials
Revenue
NOK millionsEBITDA
NOK millionsIncome statement
NOK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 319,070 | 301,062 | 308,387 | 286,474 | 273,424 |
| Staff expenses | -188,071 | -184,536 | -194,538 | -162,131 | -159,927 |
| EBITDA | 15,007 | 20,534 | 13,556 | 30,249 | 24,380 |
| Depreciation & amort. | -7,383 | -13,736 | -20,065 | -14,891 | -13,956 |
| EBIT | 7,624 | 6,798 | -6,509 | 15,358 | 10,424 |
| Net financials | 2,871 | 20,295 | 18,206 | 10,300 | -2,517 |
| Profit before tax | 10,495 | 27,093 | 11,697 | 25,658 | 7,907 |
| Tax | -1,289 | 2,414 | -2,115 | 2,612 | 1,883 |
| Net profit | 11,784 | 24,679 | 13,812 | 23,046 | 6,024 |
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Balance sheet
NOK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | 202,999 | 236,191 | 316,743 | 311,437 | 288,518 |
| Equity | 137,456 | 153,587 | 213,633 | 198,182 | 175,721 |
| Long-term debt | 0 | 0 | 0 | 0 | 0 |
| Short-term debt | 62,293 | 71,680 | 65,915 | 65,345 | 56,335 |
| Total debt | 62,293 | 71,680 | 65,915 | 65,345 | 56,335 |
Financial ratios
5-year trendEBITDA margin
4.7 %
20212025
Equity ratio
67.7 %
StrongAmong the 40% highest rated companies in the industry
20212025
Return on equity
8.6 %
AverageAround the average of companies in the same industry
20212025
Net profit margin
3.7 %
AverageAround the average of companies in the same industry
20212025
Asset turnover
1.57×
StrongAmong the 40% highest rated companies in the industry
20212025
Debt / equity
0.48×
StrongAmong the 40% highest rated companies in the industry
20212025
Sector performance
27 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Gross marginAverage
Around the average of companies in the same industry
The gross result as a share of revenue — how much of the revenue is left after variable costs to cover the company's fixed costs.
Operating marginAverage
Around the average of companies in the same industry
EBIT as a share of revenue — the share of revenue remaining as earnings once all operating costs are covered. A key measure of earning power.
Net profit marginAverage
Around the average of companies in the same industry
The profit for the year as a share of revenue — the company's ability to turn revenue into profit.
Return on equity (ROE)Average
Around the average of companies in the same industry
Net profit as a percentage of equity — the return the owners earned on their invested capital this year.
Return on assets (ROA)Strong
Among the 40% highest rated companies in the industry
Net profit as a percentage of total assets — the return generated on the capital employed.
Return on net assets (RONA)Average
Around the average of companies in the same industry
Profit relative to net assets (total assets minus total debt) — the ability to generate earnings from the net asset base alone.
Basic earning power (BEP)Strong
Among the 40% highest rated companies in the industry
EBIT relative to total assets — the company's earning power before the effects of tax and financial leverage.
Capacity ratioAverage
Around the average of companies in the same industry
Shows how strongly fixed costs weigh on the gross result — a high ratio means fixed costs take only a small bite out of the earnings from basic operations.
Liquidity
Current ratioAverage
Around the average of companies in the same industry
Current assets relative to short-term debt — the ability to settle short-term obligations with current assets alone. Around 150% is considered satisfactory from a credit perspective.
Quick ratioAverage
Around the average of companies in the same industry
Current assets excluding inventory relative to short-term debt — whether the most liquid assets alone can cover the short-term obligations. A value of 1 or above signals a healthy liquidity position.
Cash ratioStrong
Among the 30% highest rated companies in the industry
Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.
Current assets to equityVery strong
Among the 20% highest rated companies in the industry
Current assets relative to equity — an indicator of the balance-sheet structure and of the company's short- and long-term financing. The healthy level is highly industry-dependent.
Fixed assets to long-term capitalWeak
Among the 40% lowest rated companies in the industry
Fixed assets relative to long-term capital (equity plus long-term liabilities). Below 100% means the long-term capital finances more than just the fixed assets — a healthier liquidity position.
Cash conversion ratioStrong
Among the 30% highest rated companies in the industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Debt & solvency
Solidity ratioStrong
Among the 40% highest rated companies in the industry
Equity as a share of total assets — the ability to absorb losses. Around 40% is considered satisfactory from a credit perspective.
Debt ratioStrong
Among the 30% highest rated companies in the industry
Total debt relative to the balance-sheet total — the share of the assets financed by debt rather than equity.
Debt to equityStrong
Among the 40% highest rated companies in the industry
Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.
Liabilities to equityAverage
Around the average of companies in the same industry
Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.
Income to debtStrong
Among the 40% highest rated companies in the industry
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtStrong
Among the 40% highest rated companies in the industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageStrong
Among the 40% highest rated companies in the industry
The ability to pay the interest on the company's debt out of its earnings.
Interest rate on debtAverage
Around the average of companies in the same industry
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
Interest marginStrong
Among the 40% highest rated companies in the industry
The return on assets minus the interest rate on debt. Positive means the company benefits from operating with debt; negative means the debt makes it worse off.
Efficiency & development
Asset turnoverStrong
Among the 40% highest rated companies in the industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Equity to contributed capitalStrong
Among the 30% highest rated companies in the industry
Total equity relative to the capital the owners contributed — how the equity has developed from its starting point.
One-year change in equityWeak
Among the 40% lowest rated companies in the industry
The size of this year's increase or decrease in the company's equity.
One-year change in debtStrong
Among the 30% highest rated companies in the industry
The size of this year's increase or decrease in the company's debt.
Inventory turnoverNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Revenue relative to inventory — how many times a year the inventory is sold and replaced. A low value can indicate weak sales or excess inventory.
Annual reports & filings
- Annual report 2025Filed via Brønnøysundsregistrene · Period 2025-01-01 – 2025-12-31
- Annual report 2024Filed via Brønnøysundsregistrene · Period 2024-01-01 – 2024-12-31
- Annual report 2023Filed via Brønnøysundsregistrene · Period 2023-01-01 – 2023-12-31
- Annual report 2022Filed via Brønnøysundsregistrene · Period 2022-01-01 – 2022-12-31
- Annual report 2021Filed via Brønnøysundsregistrene · Period 2021-01-01 – 2021-12-31
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (12) | ||
CP Deputy Member | Deputy Member | 2024 |
VM Deputy Member | Deputy Member | 2023 |
TM Chief Executive Officer | Chief Executive Officer | 2022 |
SA Deputy Member | Deputy Member | 2025 |
MM Deputy Member | Deputy Member | 2024 |
AV Deputy Member | Deputy Member | 2024 |
AV Deputy Member | Deputy Member | 2024 |
SB Deputy Member | Deputy Member | 2022 |
HT Deputy Member | Deputy Member | 2024 |
HK Deputy Member | Deputy Member | 2024 |
IM Deputy Member | Deputy Member | 2024 |
AR Deputy Member | Deputy Member | 2020 |
Former (15)
HA Deputy Member | Deputy Member | 2020 – 2024 |
MV Deputy Member | Deputy Member | 2020 – 2023 |
JL Deputy Member | Deputy Member | 2023 – 2024 |
IS Deputy Member | Deputy Member | 2024 – 2025 |
JT Deputy Member | Deputy Member | 2022 – 2024 |
KH Deputy Member | Deputy Member | 2020 – 2022 |
MS Deputy Member | Deputy Member | 2020 – 2023 |
KM Deputy Member | Deputy Member | 2020 – 2024 |
KB Deputy Member | Deputy Member | 2020 – 2022 |
VI Chief Executive Officer | Chief Executive Officer | 2021 – 2022 |
AÅ Deputy Member | Deputy Member | 2022 – 2024 |
OV Deputy Member | Deputy Member | 2020 – 2024 |
MY Chief Executive Officer | Chief Executive Officer | 2017 – 2021 |
KS Deputy Member | Deputy Member | 2020 – 2021 |
PK Deputy Member | Deputy Member | 2020 – 2022 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (9) | ||
ØK Chairman | Chairman | 2023 |
ØB Board of Directors | Board of Directors | 2022 |
HI Board of Directors | Board of Directors | 2025 |
IS Board of Directors | Board of Directors | 2026 |
KH Board of Directors | Board of Directors | 2022 |
KM Board of Directors | Board of Directors | 2024 |
PB Board of Directors | Board of Directors | 2024 |
AN Board of Directors | Board of Directors | 2020 |
HM Board of Directors | Board of Directors | 2020 |
Former (7)
JK Chairman | Chairman | 2020 – 2023 |
HH Board of Directors | Board of Directors | 2020 – 2024 |
SA Deputy Chairman | Deputy Chairman | 2023 – 2025 |
ØL Board of Directors | Board of Directors | 2020 – 2025 |
MR Board of Directors | Board of Directors | 2023 – 2024 |
AM Board of Directors | Board of Directors | 2020 – 2022 |
HJ Board of Directors | Board of Directors | 2020 – 2022 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 25.46% | 25.46% | 2020 | |
| Company | 14.57% | 14.57% | 2023 | |
| Company | 11.06% | 11.06% | 2020 | |
| Company | 11.06% | 11.06% | 2020 | |
| Company | 10.74% | 10.74% | 2020 | |
| Company | 8.2% | 8.2% | 2020 | |
| Company | 4.05% | 4.05% | 2020 | |
| Company | 2.72% | 2.72% | 2020 | |
| Company | 2.07% | 2.07% | 2020 | |
| Company | 1.69% | 1.69% | 2020 | |
| Company | 1.25% | 1.25% | 2020 |
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Company hierarchy
Aftenposten As11.061%Amedia As14.5717%Verdens Gang As10.7398%Norsk Rikskringkasting As11.061%Amedia Norge As25.4604%Adresseavisen As8.1968%Bergens Tidende As4.05%A/S Østlendingen2.07%Kildegruppen As1.25%
NTB AS (this company)Board network connections
Board members of NTB AS also hold positions in 177 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Stephan Berntsen | Deputy Member | 24 companiesMany roles |
| Øyulf Knapstad Hjertenes | Chairman | 21 companiesMany roles |
| Øyvind Lund | Board of Directors | 19 companiesMany roles |
| Ingrid Skogrand | Deputy Member | 13 companiesMany roles |
| Håkon Mosvold Larsen | Board of Directors | 12 companiesMany roles |
| Anna Maria Helena Berg | Board of Directors | 10 companiesMany roles |
| John Kvadsheim | Chairman | 9 companiesMany roles |
| Petter Bjørkly Høiseth | Board of Directors | 9 companiesMany roles |
| Stine Aune Hvam | Deputy Member | 8 companiesMany roles |
| Vegard Isdahl | Chief Executive Officer | 7 companiesMany roles |
| Henning Johansen | Board of Directors | 7 companiesMany roles |
| Mads Yngve Storvik | Chief Executive Officer | 6 companiesMany roles |
| Paul Kleiven | Deputy Member | 6 companiesMany roles |
| Tina Mari Flem | Chief Executive Officer | 4 companies |
| Kirsti Husby | Deputy Member | 3 companies |
| Øyvind Brenne | Board of Directors | 3 companies |
| Hilde Hagevik Odde | Board of Directors | 3 companies |
| Merete Verstad | Deputy Member | 2 companies |
| Hilde Klausen Friestad | Deputy Member | 2 companies |
| Anna Nesje | Board of Directors | 2 companies |
| Cornelius Poppe | Deputy Member | 1 company |
| Jonas Taraldsen | Deputy Member | 1 company |
| Vibeke Madsen | Deputy Member | 1 company |
| Magne Storedal | Deputy Member | 1 company |
| Ina Marie Øhre | Deputy Member | 1 company |
| Hege Iren Frantzen | Board of Directors | 1 company |
| Markus Rask Jensen | Board of Directors | 1 company |
Frequently asked questions
What is the Org number of NTB AS?
NTB AS is registered with Brønnøysundsregistrene under Org 914797497.
What is the revenue of NTB AS?
NTB AS reported revenue of NOK 319.1m in 2025.
How many employees does NTB AS have?
NTB AS employs 248 people as of the latest annual report.
Who is the CEO of NTB AS?
Tina Mari Flem is the CEO of NTB AS, in role since 2022.
Who is the chairman of NTB AS?
Øyulf Knapstad Hjertenes chairs the board of NTB AS, in role since 2023.
Where is NTB AS headquartered?
NTB AS's registered address is Skippergata 24.