Financials
Operating revenues
EBITDA
Total assets
Employees
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
Kunststoff |
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.