Financials

Operating revenues
MNOK

Operating revenues

MNOK
10 062

EBITDA

MNOK
1 595

Total assets

MNOK
14 917

Employees

Inc. part time
5 500

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 5500 full and part time employees and revenues of more than NOK 10 billion in 2019.

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

2019 represented a mixed year for the group. Most business areas performed at or above expectations. However our exposure towards the sporting goods market continue to remain challenging.

Due to the COVID-19 outbreak, we expect 2020 group earnings to be lower than in 2019 (ongoing business).

Figures in MNOK Operating revenues EBITDA EBIT Profit/loss Profit/loss for the year Total assets Total number of man-years worked
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
2016 12 635 1 652 1 041 741 611 12 775 4 353
2015 12 197 1 251 563 169 200 12 484 4 191
2014 11 683 1 053 307 -238 -175 12 774 4 182

1. Subsidiary company Gresvig Retail Group AS is in process to be dissolved. Parts of the business was bought by Sport Holding AS, a company whom O.N.Sunde AS is part-owner (50%). 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 5 320 1 105 509 10 005 1 978 5 153 2 460
ONS Ship Finance 121 121 74 1 100 356 463
Sunpor Kunststoff1 2 919 193 88 1 393 399 644 188
Voice 1 797 350 124 1 670 358 131 764

Unaudited figures, 2019. IFRS16 implemented from 2019.
1. The figures are shown as the company's contribution to group profit.