Magnora ASA

Oslo Stock Exchange MGN.OL

Magnora ASA Return on Assets (ROA) for the year ending December 31, 2023: 31.84%

Magnora ASA Return on Assets (ROA) is 31.84% for the year ending December 31, 2023, a 4,506.08% change year over year. Return on assets measures profitability against assets; higher ROA indicates efficient asset use and profitability.

Magnora ASA Return on Assets (ROA) for the year ending December 31, 2022 was 0.69%, a 102.12% change year over year.
Magnora ASA Return on Assets (ROA) for the year ending December 31, 2021 was -32.59%.

Key data

Date	Return on Assets (ROA)	Return on Equity (ROE)	Return on Capital Employed (ROCE)	Interest Coverage Ratio

Oslo Stock Exchange: MGN.OL

Magnora ASA

CEO	Mr. Erik Daylemani Sneve
IPO Date	Dec. 13, 2004
Location	Norway
Headquarters	Karenslyst Allé 2
Employees	20
Sector	Utilities
Industries Renewables Wind Energy

Description

Magnora ASA operates as a renewable energy development company. It primarily focuses on developing wind and solar PV projects. The company also hold license agreements with the Dana Western Isles and Shell Penguins FPSO. It serves oil companies and marine contractors in the United Kingdom, Norway, and Sweden. The company was formerly known as Sevan Marine ASA and changed its name to Magnora ASA in October 2018. Magnora ASA was incorporated in 2001 and is based in Oslo, Norway.

Key trends

Past 5 years