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2017 has become a good year for Thomas Giertsen. Its holding company, Egeberg Holding as, achieved a turnover of NOK 6.5 million last year, compared with 4.9 million in 2016.
Of these revenues, NOK 2.5 million come from investments in various funds and stocks, among others on the Oslo Stock Exchange. According to the register of shareholders, Egeberg Holding held ten percent of the real estate company Tinholt Eiendom at the end of last year, but also 0.525 percent of the investment company Altitude Capital, which invested, between others, in Husleie.no, and Norwegian Finns Holding, the owner of Bank Norwegian.
Egeberg Holding also directly owns shares in the Norwegian company Finans Holding and Protector.
Profit from Reverse Exploitation
On the revenue side, Giertsen did well. Egeberg's operating profit was NOK 5 million, compared with 0.6 million in 2016. It is more than multiplied by 8.
This is due not only to the rise in sales, but also to a sharp reduction in costs. While the operating costs of Egeberg Holding amounted to 4.3 million NOK in 2016, they had fallen to 1.5 million in 2017.
Unsurprisingly, this gave good results. Profit before tax was 5.1 million, compared to one million in 2016.
| Egeberg Holding as, profit for the year 2017 (in MNOK) | 2017 | 2016 | Change [19659012] Turnover | 6, 5 | 4.9 | 32.7% |
| Operational Result (ebit) | 5 | 0.6 | 733.3 % | |||
| Profit before tax | 5, 2 | 1 | 420% |
Record year of the production company
Thomas Giertsen also owns 39% of the production company Feelgood Scene Film and TV by Egeberg Holding and Lonistar Holding.
last year, with a turnover of more than 100 million crowns. There was a record.
Last year, Monday Production became the majority owner of Feelgood, and Lasse Hallberg became managing director. He was pleased with the efforts made in 2017.
– We made a good effort when we came in from Monday in the second half, including more cost savings. It matters a lot in this industry, where margins are low, says Hallberg
Giertsen satisfied Monday
However, dividends did not count for Feelgood in 2017.
– We wanted to make sure we have a long term So we have to spend the last year rather than spend money to create new series, "says Hallberg
Giertsen himself expressed enthusiasm for Monday
– I think Monday is a real majority shareholder for Feelgood. to come and that their property will strengthen the business. I am looking forward to working with them and especially working with Lasse Hallberg again. Giertsen said that last year was too long. (Terms)
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