O N Sunde was established in 1988. Since inception, the group has experienced strong growth and overall delivered good results.
The Group has grown from 28 employees and revenues of NOK 70 million in 1988, to 4500 full and part time employees and revenues of NOK 8,5 billion in 2021.
Today, the company’s investment portfolio includes cruise and ferry operations, retail sales of sporting and fashion goods, the production of plastic raw materials, in addition to a small portfolio of real estate and financial investments.
Financial result and outlook
2021 represented a mixed year for the group. Many of our business areas performed at or above expectations. However our investments in Color Group underperformed due to the COVID-19 outbreak. We expect 2022 group earnings to be substantially higher than in 2021.
|Figures in MNOK||Operating revenues||EBITDA||EBIT||Profit/loss||Profit/loss for the year||Total assets||Total number of man-years worked|
|2021||8 834||1 195||290||62||-4||13 209||2 243|
|2020||6 627||435||-440||-1 114||-863||12 941||2 450|
|2019||10 062||1 595||700||263||-809||14 917||3 400|
|2018||10 654||1 627||1 016||726||83||13 245||4 567|
|2017||13 472||1 617||970||545||445||12 926||4 342|
1. Subsidiary company Gresvig Retail Group AS has been restructured. Parts of the business was bought by Sport Holding AS, a company whom O.N.Sunde AS is part-owner (47%). Sport Holding AS is not consolidated in the group-accounts.
|Figures in MNOK||Operating revenues||EBITDA||Operating profit (EBIT)||Total assets||Equity||Net interest bearing debt||Man years|
|Color Group||2 614||211||-385||9 513||1 373||5 371||1 425|
|ONS Ship Finance||104||103||56||1 054||283||422||–|
||4 336||550||456||1 608||432||153||191|
|Voice||1 824||493||257||1 771||529||-87||618|
Unaudited figures, 2021. IFRS16 implemented from 2019.
1. The figures are shown as the company's contribution to group profit.