Kapital: Wintershall Norge is fastest growing large company in NorwayWintershall Norge became the fastest growing large company in Norway in 2013, according to Norwegian business magazine, Kapital.
Recorded for the first time in the annual list of Norway’s biggest 500 companies, Wintershall Norge ranked 124th as a measure of turnover.
Statoil was at the top of the pile with a turnover of 637.4 billion NOK, dwarfing second placed Telenor which turned over 104 billion NOK.
But Wintershall was easily the biggest year on year climber, jumping from a turnover of 397 million NOK in 2012 to 4.7 billion – a rise of 1096%.
“By far the biggest of the newcomers is Wintershall Norge, the German oil company which in October last year took over operatorship of the Brage field in the North Sea,” Kapital said in its editorial.
The company also bucked a trend amongst oil operators.
“Although the summary for 2013 shows that both turnover and results of oil companies fell, we can count a number of listed companies with operations related to the North Sea which debuted among the year’s largest businesses,” the editorial said.