Business description: Norwegian Air Shuttle ASA

Norwegian Air Shuttle ASA is a Norwegian airline company organized around 3 areas of activities:

- passenger transportation services (80.7% of net sales);

- services (14.5%): reservation, luggage management, ticket sales services, etc.;

- other (4.8%).

At the end of 2024, the group has a fleet of 135 aircraft.

Net sales are distributed geographically as follows: Norway (50.7%), Spain (13.1%), Denmark (9.1%), Sweden (7.9%), the United Kingdom (3.1%), Finland (2.6%), Italy (2.2%), France (1.9%), Germany (1.2%), Poland (1%) and other (7.2%).

Number of employees: 7,491

Sales by Activity: Norwegian Air Shuttle ASA

Fiscal Period: December 2020 (NOK) 2021 (NOK) 2022 (NOK) 2023 (NOK) 2024 (NOK)

Norwegian

- - - - 28.34B

Widerøe

- - - - 7.24B

Low-Cost Air Passenger Travel

9.1B 5.07B 18.07B 25.54B -

Elimination

- - - - -269M

Geographical breakdown of sales: Norwegian Air Shuttle ASA

Fiscal Period: December 2020 (NOK) 2021 (NOK) 2022 (NOK) 2023 (NOK) 2024 (NOK)

Norway

3.32B 2.49B 7.33B 9.69B 17.89B

Spain

1.22B 651M 2.73B 4.09B 4.62B

Denmark

547M 576M 2.15B 2.93B 3.2B

Sweden

603M 524M 1.98B 2.5B 2.8B

Other

991M 333M 1.73B 2.33B 2.55B

United Kingdom

720M 91.1M 830M 1.03B 1.1B

Finland

222M 122M 645M 934M 904M

Italy

- 66.3M 479M 710M 791M

France

257M 105M 501M 615M 675M

Germany

86.8M 47.5M 270M 370M 428M

Poland

- - 214M 350M 364M

Greece

- 65.3M - - -

Thailand

264M - - - -

US

870M - - - -

Executive Committee: Norwegian Air Shuttle ASA

Manager TitleAgeSince
Chief Executive Officer 61 2021-06-20
Director of Finance/CFO 62 2022-04-30
Chief Operating Officer 50 2023-06-30
Chief Tech/Sci/R&D Officer 53 2020-05-31
Investor Relations Contact - 2021-12-31

Composition of the Board of Directors: Norwegian Air Shuttle ASA

Director TitleAgeSince
Director/Board Member 52 2018-12-31
Director/Board Member 39 2022-03-31
Director/Board Member 59 2023-11-30
Director/Board Member 57 2024-05-14
Director/Board Member 51 2025-05-13
Director/Board Member 57 2025-05-13
Chairman 69 2025-11-19

Shareholders: Norwegian Air Shuttle ASA

NameEquities%Valuation
13.27 %
140,063,236 13.27 % 245 M kr
Folketrygdfondet
9.071 %
95,722,787 9.071 % 167 M kr
Keskinäinen Työeläkevakuutusyhtiö Varma
2.506 %
26,445,464 2.506 % 46 M kr
Nordea Investment Management AB (Norway)
2.385 %
25,172,215 2.385 % 44 M kr
KLP Kapitalforvaltning AS
1.974 %
20,832,681 1.974 % 36 M kr

Holdings: Norwegian Air Shuttle ASA

NameEquities%Valuation
4,328,636 0.41% 8 M $

Company details: Norwegian Air Shuttle ASA

Norwegian Air Shuttle ASA

Oksenøyveien 3

1330, Fornebu

+47 67 59 30 00

http://www.norwegian.com
address Norwegian Air Shuttle ASA(NAS)

Group companies: Norwegian Air Shuttle ASA

NameCategory and Sector
Airlines

Other Airlines

Change 5d. change 1-year change 3-years change Capi.($)
+1.55%+2.11%+27.16%+43.48% 1.66B
-0.01%+1.59%+65.90%+96.12% 44.32B
+0.70%+6.55%+38.73%+79.40% 32.09B
-1.30%+4.54%+46.95%+117.51% 31.3B
+0.21%+5.77%+61.30%+158.59% 23.61B
+2.36%+8.60%-11.59%+142.37% 18.93B
-0.30%-0.15%+7.79%+14.48% 16.44B
+0.61%+3.12%+7.61%-31.82% 15.87B
+0.13%+4.47%+68.34%+317.67% 15.41B
-0.34%+2.29%+0.69%-27.86% 13.93B
Average +0.36%+4.17%+31.29%+91.00% 21.36B
Weighted average by Cap. +0.17%+4.29%+38.48%+99.45%
Trader
Investor
Global
Quality
ESG MSCI
BBB
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
6
Last Close Price
15.03NOK
Average target price
18.08NOK
Spread / Average Target
+20.31%

Quarterly revenue - Rate of surprise

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