Bonheur ASA

Bonheur ASA

BNHUF
Bonheur ASAUS flagOther OTC
21.51
USD
- -
- -
914.72MMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
316.67
380.94
452.27
295.01
148.68
159.53
184.21
145.17
177.29
268.81
287.5
328.86
293.49
302.71
Basic EPS, GAAP
12.62
3.68
-39
-11.68
-20.32
-32.61
-9.14
-28.18
-2.51
9.34
24.4
26.82
33.45
28.4
Free Cash Flow per Basic Share
30.82
-121.56
7.5
103.97
42.78
-7.09
8.31
-58.03
15.46
35.03
34.6
49.43
0.06
-4.42
Dividend per Share
29.89
29.92
3.67
2.03
2.04
4.76
25.12
4.3
7.52
4.3
5
10.81
12.13
11.45
Book Value per Share
218.52
244.37
280.56
222.25
196.81
145.53
133.82
97.56
108.1
131.63
149.48
169.28
193.05
195.36
Tangible Book Value per Share
387.59
416.56
443.48
290.79
240.57
147.05
110.17
83.91
78.79
137.03
157.17
186.87
237.37
205.8
Basic Weighted Avg Shares
32
32
32
42
43
43
43
43
43
43
43
43
43
43
Sales/Revenue/Turnover
10,243
12,322
14,629
12,369
6,323
6,785
7,835
6,174
7,541
11,433
12,228
13,987
12,483
12,875
Operating Margin (%)
19.39
12.57
17.3
13.75
10.89
6.66
6.54
-8.19
3.13
24.19
19.6
17.16
19.72
17.51
Depreciation Expense
2,456
3,019
8,605
5,366
912
1,046
1,205
1,050
932
1,088
1,070
1,137
1,279
1,237
Net Income, GAAP
408
119
-1,262
-490
-864
-1,387
-389
-1,199
-107
397
1,038
1,141
1,423
1,208
Effective Tax Rate (%)
6.46
47.24
- -
- -
29.6
145.88
- -
- -
52.65
30.8
22.47
21.28
14.73
18.03
Profit Margin (%)
3.99
0.97
-8.62
-3.96
-13.67
-20.44
-4.96
-19.41
-1.41
3.48
8.49
8.15
11.4
9.38
Working Capital
436
1,841
6,602
6,807
5,913
3,656
3,448
2,622
2,204
4,316
3,431
3,248
4,037
3,866
LT Debt
10,251
17,602
17,581
13,956
12,201
6,639
7,935
9,179
8,780
8,788
7,717
7,463
6,493
7,319
Total Equity
12,953
14,534
15,445
13,115
11,151
7,353
5,893
4,625
4,424
6,956
7,908
9,201
11,251
9,874
Return on Invested Capital (%)
7.37
2.75
- -
- -
1.79
-0.99
- -
- -
0.74
11.91
10.51
10.1
10.67
9.73
Return on Capital (%)
0.05
0.37
- -
- -
1.06
-1.14
- -
- -
-2.95
-3.79
5.51
6.27
7.66
9.74
Return on Common Equity (%)
6.08
1.59
-14.86
-5.32
-9.77
-19.05
-6.55
-24.36
-2.44
7.79
17.36
16.83
18.46
15.66

Capital Structure

FRC

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
2,514
2,414
2,483
LT Borrowings
6,908
- -
- -
LT Finance Leases
555
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
43
43
43
Market Capitalization
13,125
12,133
11,644

Working Capital

FRC

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
9,788
10,665
10,374
Cash, Cash Equivalents & STI
6,048
6,826
6,896
Accounts Receivable, Net
2,439
3,018
3,145
Inventories
376
317
333
Total Current Liabilities
6,540
6,775
6,508
Payables & Accruals
- -
- -
- -
ST Debt
2,514
2,414
2,483
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-0.03%
21.04%
22.27%
Free Cash Flow
44.92%
-11.64%
-99.88%
Net Income, GAAP
-15.6%
-73.62%
24.72%
Sales/Revenue/Turnover
2.16%
16.87%
-10.76%
Total Cash Common Dividend
62.84%
35.35%
12.16%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,972
4,281
3,602
3,132
13,987
2025
2,893
3,248
2,937
- -
12,483
2026
2,871
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
4.02
14.01
6.37
2.4
26.82
2025
-0.99
20.62
2.96
- -
33.45
2026
2.19
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2.52
6.87
1.41
0.05
10.81
2025
3.24
6.75
0.26
- -
12.13
2026
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
Anette Sofie Olsen
Full Time Employees
5,709
Sector
Industrials
Industry
Conglomerates
Address
Fred. Olsens gate 2 Oslo Norway 0152
IPO Date
May 22, 2018
Website
bonheur.no
Business
Bonheur ASA Bonheur ASA is a Norway-based holding company focused on long-term industrial investments in renewable energy, wind service, cruise operations, and other sectors; it owns and operates onshore wind farms through Fred. Olsen Renewables with a gross capacity of 805 MW across 12 sites in Scotland, Sweden, and Norway, including ongoing construction of Crystal Rig IV (49.1 MW) and Windy Standard III (88 MW), and develops offshore wind projects via Fred. Olsen Seawind such as the 1.3 GW Codling Wind Park joint venture with EDF Renewables in Ireland and the 1 GW Muir Mhòr floating wind project joint venture with Vattenfall in Scotland; the wind service segment, operated through Fred. Olsen Windcarrier and a 92% stake in Global Wind Service, provides transportation, installation, maintenance, and logistics for onshore and offshore wind turbines using three specialized jack-up vessels (Brave Tern, Bold Tern, Blue Tern) that have installed 20% of global offshore wind turbines outside China; the cruise segment encompasses Fred. Olsen Cruise Lines, which operates a fleet of three small-to-medium ocean cruise ships (Balmoral, Bolette, Borealis) offering award-winning itineraries worldwide from the UK with renowned customer service; other investments include a 55% stake in NHST Media Group providing publications and PR software services via DN Media Group and Mynewsdesk, real estate holdings, Fred. Olsen 1848 developing innovative renewable technologies like floating wind (Brunel) and solar (Brizo) solutions, and Fred. Olsen Investments managing opportunities in renewables. Founded with origins in 1848 and formally established in 1897, Bonheur ASA is headquartered in Oslo, Norway, and listed on the Oslo Stock Exchange since 1921, with operations spanning Europe, the United States, Asia, and Africa; the company maintains a strong balance sheet with net interest-bearing debt of NOK 2.9 billion as of Q2 2025. Recent developments include the divestiture of its 50% stake in United Wind Logistics to United Heavy Lift for a net profit of NOK 347 million in April 2025, achieving onshore consent for the Muir Mhòr project in Q2 2025, progressing Codling Wind Park consent application submitted in Q3 2024, awarding DNV basic design certification for floating wind technology and completing model tests for floating solar, selecting as preferred supplier for Skyborn Renewables' Gennaker project installation, and reporting Q2 2025 revenues of NOK 3.25 billion and EBITDA of NOK 1.05 billion driven by solid cruise yield improvements and wind service operations despite yard maintenance.

Company News

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