Telenor Shared Services AS
ASActiveOrg 983337406Snarøyveien 30, 1360 FornebuOffice administrative and support activities· NACE 8210Est. 2001 · 25 years old165 employees
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Overview
Telenor Shared Services AS is a Norwegian AS based in Fornebu, operating in the Office administrative and support activities sector. Incorporated in 2001, the company has 165 employees and reported revenue of NOK 590.0m in its latest annual filing.
Revenue 2025
590M NOK
+32% vs 2024
EBITDA margin
24.1 %
+2592% vs 2024
Net profit 2025
110.7M NOK
+2163% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
24.9 %
AverageAround the average of companies in the same industry
20212025
Liquidity ratioCurrent assets ÷ Short-term debt
1.2×
AverageAround the average of companies in the same industry
20212025
Return on assets (ROA)Net profit ÷ Total assets × 100
13.6 %
StrongAmong the 30% highest rated companies in the industry
20212025
EBITDA — year on year
NOK millionsKey figures
Annual report 2025| Revenue | 590M NOK | +32% |
| EBITDA | 142.1M NOK | +2592% |
| Net profit | 110.7M NOK | +2163% |
| Total assets | 816.4M NOK | +29% |
| Equity | 203.2M NOK | -52% |
| Employees | 165 | — |
Company information
Legal name
TELENOR SHARED SERVICES AS
Org number
983337406
Legal form
Aksjeselskap
NACE code
Founded
26 April 2001 · 25 years
Share capital
NOK 125,000,000
Employees
165 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2025-12-31
Financial year
January – December
Signatory rights
To styremedlemmer i fellesskap eller styrets leder alene.
Company purpose
Samordne støttefunksjoner i telenorkonsernet, samt yte støttefunksjoner og fellestjenester til konsernets enheter og andre selskaper som ikke er tilknyttet telenorkonsernet.
(no translation available)
Contact
Address
Snarøyveien 30, 1360 Fornebu
Phone
+47 67 53 35 43
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Financial development
In its most recent annual report (2025), Telenor Shared Services AS reported revenue of NOK 590.0m, an increase of 32% 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 110.7m, and the EBITDA margin stood at 24.1%.
At the end of 2025, equity financed 24.9% of the balance sheet, and current assets covered short-term debt 1.2 times.
Financials
Revenue
NOK millionsEBITDA
NOK millionsIncome statement
NOK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 589,973 | 445,978 | 425,315 | 291,386 | 325,607 |
| Staff expenses | -0 | -0 | -0 | -0 | -0 |
| EBITDA | 142,111 | -5,703 | 36,742 | -62,461 | 56,927 |
| Depreciation & amort. | -15,398 | -17,522 | -28,583 | -37,998 | -48,018 |
| EBIT | 126,713 | -23,225 | 8,159 | -100,459 | 8,909 |
| Net financials | 385 | 16,556 | 18,730 | 10,758 | 152 |
| Profit before tax | 127,098 | -6,669 | 26,889 | -89,701 | 9,061 |
| Tax | -0 | -0 | -0 | -0 | -0 |
| Net profit | 110,725 | -5,367 | 20,963 | -89,265 | 6,245 |
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Balance sheet
NOK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | 816,426 | 634,507 | 921,944 | 814,380 | 882,621 |
| Equity | 203,159 | 419,247 | 409,023 | 672,135 | 742,483 |
| Long-term debt | 50,135 | 46,224 | 57,777 | 24,829 | 25,339 |
| Short-term debt | 562,573 | 168,399 | 454,989 | 117,216 | 114,530 |
| Total debt | 612,708 | 214,622 | 512,766 | 142,044 | 139,869 |
Financial ratios
5-year trendEBITDA margin
24.1 %
20212025
Equity ratio
24.9 %
AverageAround the average of companies in the same industry
20212025
Return on equity
54.5 %
StrongAmong the 30% highest rated companies in the industry
20212025
Net profit margin
18.8 %
StrongAmong the 30% highest rated companies in the industry
20212025
Asset turnover
0.72×
AverageAround the average of companies in the same industry
20212025
Debt / equity
3.02×
WeakAmong the 30% lowest 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 marginStrong
Among the 30% highest rated companies in the 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 marginStrong
Among the 30% highest rated companies in the industry
The profit for the year as a share of revenue — the company's ability to turn revenue into profit.
Return on equity (ROE)Strong
Among the 30% highest rated companies in the 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 30% 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)Strong
Among the 30% highest rated companies in the 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 30% 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 ratioStrong
Among the 30% highest rated companies in the 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 ratioVery weak
Among the 10% lowest rated companies in the industry
Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.
Current assets to equityWeak
Among the 30% lowest 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 capitalAverage
Around the average of companies in the same 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 40% highest rated companies in the industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Debt & solvency
Solidity ratioAverage
Around the average of companies in the same industry
Equity as a share of total assets — the ability to absorb losses. Around 40% is considered satisfactory from a credit perspective.
Debt ratioAverage
Around the average of companies in the same industry
Total debt relative to the balance-sheet total — the share of the assets financed by debt rather than equity.
Debt to equityWeak
Among the 30% lowest rated companies in the industry
Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.
Liabilities to equityWeak
Among the 30% lowest rated companies in the 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 debtWeak
Among the 30% lowest rated companies in the industry
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
Interest marginStrong
Among the 30% 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 turnoverAverage
Around the average of companies in the same industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Equity to contributed capitalAverage
Around the average of companies in the same industry
Total equity relative to the capital the owners contributed — how the equity has developed from its starting point.
One-year change in equityVery weak
Among the 20% lowest rated companies in the industry
The size of this year's increase or decrease in the company's equity.
One-year change in debtVery weak
Among the 10% lowest 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 (5) | ||
LC Deputy Member | Deputy Member | 2025 |
PA Deputy Member | Deputy Member | 2025 |
HC Chief Executive Officer | Chief Executive Officer | 2026 |
AM Deputy Member | Deputy Member | 2025 |
RT Deputy Member | Deputy Member | 2025 |
Former (8)
NB Deputy Member | Deputy Member | 2021 – 2025 |
OJ Deputy Member | Deputy Member | 2021 – 2025 |
VM Deputy Member | Deputy Member | 2021 – 2025 |
TH Deputy Member | Deputy Member | 2021 – 2023 |
KH Chief Executive Officer | Chief Executive Officer | 2026 – 2026 |
HA Deputy Member | Deputy Member | 2023 – 2025 |
SK Observer | Observer | 2021 – 2023 |
MD Chief Executive Officer | Chief Executive Officer | 2020 – 2026 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (6) | ||
AD Board of Directors | Board of Directors | 2025 |
AO Board of Directors | Board of Directors | 2025 |
SV Chairman | Chairman | 2025 |
EM Board of Directors | Board of Directors | 2025 |
KR Board of Directors | Board of Directors | 2025 |
TH Board of Directors | Board of Directors | 2025 |
Former (11)
TS Board of Directors | Board of Directors | 2021 – 2023 |
TA Chairman | Chairman | 2023 – 2023 |
JR Board of Directors | Board of Directors | 2023 – 2025 |
CB Board of Directors | Board of Directors | 2023 – 2024 |
YH Board of Directors | Board of Directors | 2021 – 2023 |
TM Chairman | Chairman | 2021 – 2023 |
BK Board of Directors | Board of Directors | 2021 – 2025 |
JO Chairman | Chairman | 2023 – 2025 |
SK Board of Directors | Board of Directors | 2023 – 2025 |
AB Board of Directors | Board of Directors | 2023 – 2025 |
HJ Board of Directors | Board of Directors | 2021 – 2025 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 2020 |
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Company hierarchy
Nærings- og Fiskeridepartementet
Telenor Shared Services AS Board network connections
Board members of Telenor Shared Services AS also hold positions in 144 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Morten Dean Dunham | Chief Executive Officer | 25 companiesMany roles |
| Jon Omund Revhaug | Chairman | 12 companiesMany roles |
| Sigvart Voss Eriksen | Chairman | 11 companiesMany roles |
| Bente Kristine Mannseth | Board of Directors | 10 companiesMany roles |
| Thomas Harald Laupstad | Deputy Member | 9 companiesMany roles |
| Thomas Alexander Thyholdt | Chairman | 9 companiesMany roles |
| Alexander Bøe | Board of Directors | 7 companiesMany roles |
| Haakon Alexander Rønneberg | Deputy Member | 6 companiesMany roles |
| Kristin Ruud | Board of Directors | 5 companies |
| Paul Aragorn Lien Teigland | Deputy Member | 4 companies |
| Nabeel Babree | Deputy Member | 4 companies |
| Ole Jakob Store Valen | Deputy Member | 4 companies |
| Varun Madhan | Deputy Member | 4 companies |
| Hanne Cecilie Sannes-Moe | Chief Executive Officer | 4 companies |
| Stein Karl Ivan Ingvaldsen | Observer | 4 companies |
| Andor Drag | Board of Directors | 4 companies |
| Cecilie Blydt Heuch | Board of Directors | 4 companies |
| Linn Chatrin Mykletun | Deputy Member | 3 companies |
| Kathrine Heiersjø | Chief Executive Officer | 3 companies |
| Richard Thomas Edwin Rance | Deputy Member | 3 companies |
| Elisabeth Melander Stene | Board of Directors | 3 companies |
| Yaser Hussain Sehota | Board of Directors | 3 companies |
| Trine Sagaas Rønningen | Board of Directors | 1 company |
| Andrea Overvåg Lorentzen | Board of Directors | 1 company |
| Torkild Haugnes | Board of Directors | 1 company |
Frequently asked questions
What is the Org number of Telenor Shared Services AS?
Telenor Shared Services AS is registered with Brønnøysundsregistrene under Org 983337406.
What is the revenue of Telenor Shared Services AS?
Telenor Shared Services AS reported revenue of NOK 590.0m in 2025.
How many employees does Telenor Shared Services AS have?
Telenor Shared Services AS employs 165 people as of the latest annual report.
Who is the CEO of Telenor Shared Services AS?
Hanne Cecilie Sannes-Moe is the CEO of Telenor Shared Services AS, in role since 2026.
Who is the chairman of Telenor Shared Services AS?
Sigvart Voss Eriksen chairs the board of Telenor Shared Services AS, in role since 2025.
Where is Telenor Shared Services AS headquartered?
Telenor Shared Services AS's registered address is Snarøyveien 30.