Endúr Logo


ISIN: NO0012555459 | Ticker: ENDUR | LEI: 5967007LIEEXZXIIHC31
Sector: IndustrialsSub-Industry: Agricultural & Farm Machinery
Country: Norway

About Endúr

Company Description

Endúr is an Old Norse word derived from the word ‘endurnýja’ – which means to renew, to refresh, to change. But endúr also has several other meanings – not least ‘enduring’ or ‘persisting’ – and can be read as a short form of the English word endurance, which means tireless perseverance; to withstand with courage.

The world is constantly changing, so must we. To be able to endure and develop, we must adapt and innovate. Renewal has defined our culture and should continue to do so. At Endùr, we are constantly searching for new ideas, new solutions, new people and new opportunities.

Endúr ASA was formed in 2019 following the merger of Bergen Group ASA with Endúr Fabricom. The merger created a major industrial group, based in western Norway, with nearly 400 employees and an order book of NOK one billion. The new leadership team has now defined three key business areas that will provide a platform for future growth – Aquaculture, Marine infrastructure and Maritime & access.

Year founded


Served area





Strandveien 17, 1366 Lysaker, Bærum – Norway

Financial statements

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Line item in (nok) 01.01.2021 01.01.2022 01.01.2023
Assets N/A 2,508,500,000.00 2,590,200,000.00
Noncurrent Assets N/A 1,642,200,000.00 1,576,600,000.00
Property Plant And Equipment N/A 426,000,000.00 391,700,000.00
Other Noncurrent Financial Assets N/A 1,100,000.00 6,600,000.00
Other Noncurrent Nonfinancial Assets N/A 1,300,000.00 18,300,000.00
Current Assets N/A 866,300,000.00 1,013,600,000.00
Inventories N/A 26,300,000.00 25,500,000.00
Trade And Other Current Receivables N/A 504,800,000.00 549,700,000.00
Cash and cash equivalents 167,800,000.00 304,400,000.00 314,800,000.00
Equity And Liabilities N/A 2,508,500,000.00 2,590,200,000.00
Equity N/A 898,400,000.00 895,800,000.00
Issued Capital N/A 13,700,000.00 13,700,000.00
Retained Earnings N/A 0.00 9,100,000.00
Share Premium N/A 888,700,000.00 888,700,000.00
Other Reserves N/A -8,000,000.00 -19,700,000.00
Additional Paidin Capital N/A 4,000,000.00 4,000,000.00
Liabilities N/A 1,610,000,000.00 1,694,400,000.00
Noncurrent Liabilities N/A 1,050,700,000.00 957,900,000.00
Deferred Tax Liabilities N/A 77,900,000.00 77,600,000.00
Other Noncurrent Liabilities N/A 9,100,000.00 3,600,000.00
Longterm Borrowings N/A 890,600,000.00 810,500,000.00
Current Liabilities N/A 559,400,000.00 736,500,000.00
Trade And Other Current Payables N/A 505,300,000.00 606,800,000.00
Current Contract Liabilities N/A 31,400,000.00 103,900,000.00
Current Tax Liabilities Current N/A 0.00 0.00
Line item in (nok) 01.01.2021/
Revenue 2,009,100,000.00 2,510,500,000.00
Other Revenue 10,100,000.00 18,300,000.00
Revenue From Contracts With Customers 1,998,900,000.00 2,492,200,000.00
Raw Materials And Consumables Used 1,297,400,000.00 1,613,800,000.00
Employee Benefits Expense 380,000,000.00 424,400,000.00
Depreciation Amortisation And Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss 142,400,000.00 133,700,000.00
Other Expense By Nature 192,800,000.00 242,300,000.00
Profit Loss From Operating Activities -3,500,000.00 96,300,000.00
Finance Income 2,100,000.00 19,800,000.00
Finance Costs 110,800,000.00 101,800,000.00
Profit Loss Before Tax -112,200,000.00 14,300,000.00
Income Tax Expense Continuing Operations -45,100,000.00 5,200,000.00
Profit Loss From Continuing Operations -67,100,000.00 9,100,000.00
Profit Loss From Discontinued Operations 15,300,000.00 0.00
Profit (loss) -51,800,000.00 9,100,000.00
Profit Loss Attributable To Owners Of Parent -51,800,000.00 9,100,000.00
Line item in (nok) 01.01.2021 01.01.2022 01.01.2023
Profit (loss) N/A -51,800,000.00 9,100,000.00
Adjustments For Income Tax Expense N/A -45,100,000.00 5,200,000.00
Adjustments For Finance Costs N/A 110,800,000.00 101,800,000.00
Adjustments For Decrease Increase In Inventories N/A 15,700,000.00 700,000.00
Adjustments For Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss N/A 22,800,000.00 0.00
Cash Flows From Used In Operating Activities N/A -28,900,000.00 266,700,000.00
Cash Flows From Losing Control Of Subsidiaries Or Other Businesses Classified As Investing Activities N/A -12,200,000.00 20,800,000.00
Cash Flows Used In Obtaining Control Of Subsidiaries Or Other Businesses Classified As Investing Activities N/A 957,100,000.00 5,200,000.00
Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities N/A 75,600,000.00 2,500,000.00
Purchase Of Other Longterm Assets Classified As Investing Activities N/A -32,600,000.00 16,900,000.00
Cash Flows From Used In Investing Activities N/A -982,200,000.00 -45,500,000.00
Proceeds From Issuing Shares N/A 638,700,000.00 0.00
Proceeds From Borrowings Classified As Financing Activities N/A 1,100,000,000.00 2,000,000.00
Interest Paid Classified As Financing Activities N/A 102,100,000.00 78,900,000.00
Cash Flows From Used In Financing Activities N/A 1,155,700,000.00 -198,700,000.00
Effect Of Exchange Rate Changes On Cash And Cash Equivalents N/A -8,000,000.00 -11,700,000.00
Increase (decrease) in cash and cash equivalents after effect of exchange rate changes N/A 136,600,000.00 10,800,000.00
Cash and cash equivalents 167,800,000.00 304,400,000.00 314,800,000.00

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Agricultural & Farm Machinery

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