Westing delivers stable growth in 2025

Westing delivers a solid result for 2025, with increased revenue and significantly improved profitability. Operating revenues amounted to MNOK 108.31, up from MNOK 103.80 in 2024, corresponding to a growth of 4.3%. At the same time, the company significantly strengthens its margins, with an operating profit of MNOK 11.11, more than doubling from MNOK 4.74 the previous year. Profit before tax increased to MNOK 12.36, up from MNOK 4.90 in 2024, while the net profit for the year landed at MNOK 9.85, a growth of an impressive 158% compared to MNOK 3.81 the previous year.

 Westing's CEO, Agathe Teige Eiksund

The development in 2025 builds on a strong growth period for Westing, where the company has significantly increased its revenue in recent years. The company has strengthened its market position through high activity, a broad customer portfolio, and a clear focus on quality, availability, and efficient logistics. CEO, Agathe Teige Eiksund, highlights the importance of competence, proximity, and customer understanding as key drivers for the results:

We experience great trust from our customers, and that motivates us to deliver well in all aspects. The results we are seeing now are largely due to the effort our employees put in every day. We have a strong and dedicated team with high professional integrity and a clear customer focus, which provides a solid foundation for delivering on our customer promises, says CEO Agathe Teige Eiksund.

In Teige Gruppen, too, development has been positive during the period. The trading segment has increased in scope, with high activity, increasing revenue, and improved profitability as a result of targeted work in the market. In total, trading revenue amounted to approximately MNOK 160 in 2025, with an ambition to reach about MNOK 200 this year. In total, Teige Gruppen had operating revenues of around MNOK 560 in 2025.

Westing carries the positive development into 2026 and has had a good start to the year. Market activity remains strong, which is also reflected in the order volume and development at the shipyards.