About us Products & Services Finance Key figures and annual reports for the Nammo Group About our results The results presented here are for Nammo AS, corporate HQ and holding company for the Nammo Group. Nammo AS is a public limited company (Aksjeselskap) incorporated in Norway. The financial statements for Nammo AS have been prepared in accordance with the Norwegian Accounting Act and the Norwegian General Accepted Accounting Principles. 2020 REVENUE (NOK) 6036 million 2020 EBIT (NOK) 564 million 2020 ORDER STOCK (NOK) 9170 million Nammo’s Revenues and growth reached all-time high levels in 2020. Revenue increased by 19%, and surpassed NOK 6 billion for the first time in company history. The Earnings Before Interest and Tax (EBIT) and the Return on Sales (ROS) values increased to record levels as well, NOK 564 million and 9.1% respectively. The largest single market for Nammo is the USA, which represented 45 percent of total Nammo revenues in 2020 (42 percent). Net Income Before Tax (NIBT) ended at NOK 548 million, representing an increase of nearly 80 percent from 2019 (305). Net profit came in at NOK 423 million in 2020 (192). The 2020 improvement in profitability is the result of several targeted long-standing improvement efforts and focus on operations, such as : Nammo’s profitability improvement program initiated in 2018 is now delivering according to plan, along with full-year effects of reorganization in the Nordics and USA, Substantially improved operational profitability in the US military and commercial businesses, Strengthened internal business process control and improved internal productivity. In addition, the successful handling of the COVID-19 pandemic during 2020 has enabled Nammo to achieve these results. Overall, these targeted activities and response to the pandemic have allowed Nammo to generate 14.5 percent Return on Equity, along with a substantial increase in company value. ANNUAL REPORTS Nammo Annual and Sustainability Report 2020 Annual Report 2019 Nammo's Annual Report for 2019 Annual Report 2018 Nammo's Annual Report for 2018 RELATED STORIES Building a Stronger Nammo in the US Nammo has consolidated its US operations. Five different legal units spanning eight locations are now just one: Nammo Defense Systems. Nammo releases Annual and Sustainability Report for 2020 09 Apr 21 - Revenue and growth are at an all-time high level. Revenue increased by 19%, and surpassed NOK 6 billion for the first time in company history. Raufoss Made New In 2019, Nammo initiated a reorganization process to streamline operations at its largest site. Trine Tafjord took on the challenge! NOT WHAT YOU WERE LOOKING FOR? BACK TO "ABOUT US" NORWAY NAMMO AS MAIL P.O. Box 142, NO-2831 Raufoss, Norway VISIT Enggata 40, NO-2830 Raufoss, Norway EMAIL info@nammo.com TEL +47 61 15 36 00 (0800 - 1530) About us Careers Finance Board of Directors Locations Management Newsroom Our Responsibility Suppliers Products and Services Ammunition Commercial Brands Demilitarization Propulsion Shoulder Fired Systems Space Copyright © 2021 Nammo AS | Privacy Policy | Register of Business Enterprises: NO 979 984 731 MVA Nammo retains all rights to this website and the contents published here, except where explicitly stated otherwise. Content, designs and data on the website are protected pursuant to the Copyright Act and other legislation. Rights to all product and company names, logos and trademarks on the website are owned by Nammo. Content may not be altered, reproduced, published, distributed or in other respects used for public or commercial purposes without permission. We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.I am happy with itOur Privacy policy