Annual Report 2022

2022 has been a year of many eventful happenings in Grieg. Still, we are influenced by the fact that Ukraine is at war with Russia, not witnessing any solution to the illegal invasion which started in February 2022. Our hope is that the international community will end the war where millions of civilians are unfairly being driven from their country, and so many are fighting for their freedom.

We are proud that the Grieg Foundation, which owns 25 percent of the Grieg Group, has provided aid to children affected by the conflict.

Thanks to our dedicated colleagues, we have achieved our greatest financial results of all time, leading to a solid foundation for future development and financial performance following our Group strategy. All our businesses are performing well, thanks to improved markets, more streamlined operations, and people bringing their competence and expertise together.

The Grieg Group’ great results also allow us to make a difference through Grieg Foundation’s important work for children and youth, climate change, impact investments, music and culture, and health and research.

In 2022, Group turnover was MNOK 11 144 (MNOK 7932), operating profit (EBIT) MNOK 3 002 (MNOK 896), and the profit before tax MNOK 2 815 versus MNOK 750 in 2021.