Anna Margaret Smedvig manages values ​​for 12 billion after years "reasonably well" – DN.no



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About 12 billion crowns are managed from Stavanger and London in the Smedvig family businesses. This is partly reflected in the accounts of Smedvig as, which is now public. The Group has a large real estate portfolio in Norway and significant financial positions abroad, including in private equity.

Anna Margaret Smedvig (34) controls the billionaire wealth of the Smedvig family. She took control of her father Peter T. Smedvig. Father Hjørdis' sister Kluge Smedvig and her daughter Julie Smedvig Hagland own about 25% of the value in family businesses. This means that Anna Margaret Smedvig is one of the richest women in Norway

Smedvig as (group), profit for the year 2017 (in MNOK) 2017 [19659006] 2016 Change
Turnover 1002 ] 917.6 9.2%
Profit from exploitation (ebit) 500 , 6 521.9 -4.1%
Profit before tax 437.5 526.9 -17%

Affordable fine

– Value-adjusted equity is about six billion, "says Odd Torland about the values ​​of the Norwegian group Smedvig.

The group's net book value is close to 3.9 billion NOK. Torland manages the investments of the Smedvig family

However, in addition to the billions of values ​​of the Smedvig group, the family holds significant investments through foreign companies.

– Adjusted equity amounts to about 12 billion crowns. It is not more than happy from last year.

– I would call it a fair year. The total portfolio is between six and seven percent.

The company owns a portfolio of properties in Norway that has an added value of about 2.5 billion dollars.

– We own about 200,000 square meters of commercial property as well

Will be an active owner

Anna Margaret Smedvig was not available to comment on Fridays

– I have always known that I should do this. I am a single child. My father has talked a lot about it through education. We talked a lot about it around the table, "she told Dagens Næringsliv during her first interview in our hometown of Stavanger. The interview with DN was given about the family giving a new hotel for $ 100 million to the university.

She realized that it did not suit her to be a passive owner.

– No, not really. I think that you have to be a very active owner. She must be in control of the investments themselves, she says.

Anna Margaret Smedvig is married and lives with her husband in London. She is a Norwegian citizen. Smedvig has worked for several years in family offices at Ryger House, right next to the Ritz Hotel in Mayfair in the British capital. She is a graduate of the University of Edinburgh.

Smedvig moves to London with his mother Esther Smedvig and his father Peter T. Smedvig in the early 1990s.

Thinking of the Generations

In a rare interview with Dagens Næringsliv in November 2015, at l. On the occasion of the family's 100th anniversary as a major commercial actor in Stavanger, the family is very present in Stavanger. Peter T. Smedvig said that it was difficult to conserve billions of values ​​across the generations.

– It is difficult to make a lot of money. It is even harder not to lose a lot of money, and it is extremely difficult to keep money for future generations, "said Peter T. Smedvig

– We think long term. We think of several generations. I think we are well positioned now with the portfolio we have, "says Torland.

A large part of the portfolio is very liquid. Among other things, the family has about 1.5 billion dollars in cash.

– There is a lot of debt in the world and a trade war that is worsening. We like to be positioned when something is interesting, says Torland. (The terms)

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