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Economic Sustainability

TESS is solid, liquid, Norwegian, and owned by a foundation, which provides extra security for customers, employees, and suppliers. All with an eternity perspective.

 

20% Increase - Year After Year

The TESS Group reports a record-high turnover for 2023. Revenue increased from 4 billion in 2022 to 4.6 billion in 2023 (+15.7%). The group is experiencing growth in all market segments and in its international operations.

The operating profit increased from 318 million NOK in 2022 to 391 million NOK in 2023. The profit before tax ended at 351 million NOK in 2023, an increase from 309 million NOK in 2022.

 

 

Social Responsibility and Engagement


The Erik Jølberg Foundation has so far awarded 22.7 million NOK to local organizations.

The Erik Jølberg Foundation is the majority owner of TESS, to exercise stable and long-term ownership of TESS. This ownership contributes to stable jobs across the country. The foundation distributes up to five million NOK yearly to charitable causes for children and youth.

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