Las AS is a Norwegian AS based in Molde, operating in the Annen forskning og annet utviklingsarbeid innen naturvitenskap og teknikk sector. Incorporated in 2004, the company has 0 employees and reported revenue of NOK 15.8m in its latest annual filing.
| Revenue | 15.8M NOK | -25% |
| EBITDA | -4.6M NOK | -149% |
| Net profit | -7.6M NOK | +52% |
| Total assets | 2.3M NOK | -88% |
| Equity | -13.7M NOK | -126% |
| Employees | 0 | — |
In its most recent annual report (2022), Las AS reported revenue of NOK 15.8m, a decrease of 25% on the year before. The figures on this page draw on 5 annual filings covering 2018 to 2022. The bottom line showed a net loss of NOK 7.6m, and the EBITDA margin stood at -29.3%.
At the end of 2022, current assets covered short-term debt 1.2 times.
| Item | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|
| Revenue | 15,801 | 21,133 | 20,027 | 16,900 | 19,013 |
| Staff expenses | -4,001 | -5,411 | -4,903 | -4,538 | -4,495 |
| EBITDA | -4,629 | -1,860 | 749 | -2,017 | -2,874 |
| Depreciation & amort. | -159 | -158 | -196 | -240 | -237 |
| EBIT | -4,787 | -2,018 | 552 | -2,257 | -3,112 |
| Net financials | -1,491 | -14,225 | -6,114 | 8,165 | -4,066 |
| Profit before tax | -6,279 | -16,243 | -5,561 | 5,909 | -7,177 |
| Tax | 1,366 | -190 | -161 | -895 | 1,648 |
| Net profit | -7,645 | -16,053 | -5,400 | 6,803 | -8,825 |
| Item | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|
| Total assets | 2,323 | 19,961 | 65,637 | 74,945 | 68,337 |
| Equity | -13,727 | -6,082 | 9,971 | 15,371 | 7,289 |
| Long-term debt | 14,880 | 15,196 | 43,300 | 50,994 | 53,741 |
| Short-term debt | 1,170 | 10,846 | 12,367 | 8,580 | 7,307 |
| Total debt | 16,050 | 26,043 | 55,667 | 59,575 | 61,048 |
28 financial ratios from the latest filing, each graded against 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.
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.
The profit for the year as a share of revenue — the company's ability to turn revenue into profit.
Net profit as a percentage of total assets — the return generated on the capital employed.
EBIT relative to total assets — the company's earning power before the effects of tax and financial leverage.
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.
Net profit as a percentage of equity — the return the owners earned on their invested capital this year.
Profit relative to net assets (total assets minus total debt) — the ability to generate earnings from the net asset base alone.
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.
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 relative to short-term debt — the ability to repay short-term obligations with cash alone.
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 flow relative to profit — the ability to convert reported profits into accessible cash.
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.
Equity as a share of total assets — the ability to absorb losses. Around 40% is considered satisfactory from a credit perspective.
Total debt relative to the balance-sheet total — the share of the assets financed by debt rather than equity.
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA relative to debt — how much operating earnings are available to service the debt.
The ability to pay the interest on the company's debt out of its earnings.
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
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.
Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.
Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.
Revenue relative to total assets — the ability to generate revenue from the asset base.
Total equity relative to the capital the owners contributed — how the equity has developed from its starting point.
The size of this year's increase or decrease in the company's debt.
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.
The size of this year's increase or decrease in the company's equity.
| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
AL Chief Executive Officer | Chief Executive Officer | 2018 |
| Name | Role | Member since |
|---|---|---|
| Current (3) | ||
LM Chairman | Chairman | 2021 |
AL Board of Directors | Board of Directors | 2020 |
OA Board of Directors | Board of Directors | 2020 |
NR Chairman | Chairman | 2020 – 2021 |
| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 14% | 14% | 2020 | |
| Company | 12% | 12% | 2021 | |
| Company | 36% | 36% | 2020 | |
| Company | 38% | 38% | 2021 |
| Person | Role here | Other companies |
|---|---|---|
| Odd Arne Langset | Board of Directors | 24 companiesMany roles |
| Anders Langset | Chief Executive Officer | 20 companiesMany roles |
| Leif Magne Olsen Langset | Chairman | 13 companiesMany roles |
| Nils Roger Simensen | Chairman | 7 companiesMany roles |