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Annual report 2025

In 2025, Itera executed with discipline and strategic clarity, emerging from a challenging market as a more resilient, focused, and future-ready company. Itera's 2025 annual report covers our financial and sustainability statements, an overview of the company, and our 2025 performance.

Reports and presentations

Itera announces its quarterly presentations both through Oslo Stock Exchange and on the Company's website. The reports are presented by CEO Arne Mjøs and CFO Bent Hammer, and take place in Oslo. All presentations start at 8.30 a.m, and can be followed through a webcast. Please consult the financial calendar for coming presentations. Please note that the Company reserves the right to change dates.

Financial calendar 2026
Financial disclosure report Date Location
Q4 and preliminary year end 2025 13.02.2026 Webcast
Annual Report 28.04.2026
Q1 2026 08.05.2026 Webcast
General Meeting 27.05.2026 Itera, Oslo
Q2 2026 28.08.2026 Webcast
Q3 2026 04.11.2026 Webcast

Reports

Historical key figures (Excel)
Download consolidated historical financial figures for the company.

The Itera Share

2025 2024 2023 2022 2021 2020 2019 2018
Earnings per outstanding share (NOK) 0.28 0.43 0.70 0.76 0.73 0.60 0.51 0.39
Operating cash flow per share (NOK) 0.77 0.91 1.18 1.10 1.08 1.22 0.97 0.69
Dividends paid per share (NOK) 0.30 0.60 0.70 0.50 0.35 0.60 0.55 0.25
No. of shares (1000) at year end 82 187 82 187 82 187 82 187 82 187 82 187 82 187 82 187
Avg. no. of shares (1000) 81 688 80 909 80 532 80 852 80 688 80 983 81 244 81 087
Share price 8.58 8.94 12.05 13.45 15.25 15.00 11.5 8.4
Price / book equity 15.6 15.7 20.7 22.4 31.7 35.9 20.4 11.3
Market Capitalisation (MNOK) 705 735 990 1 105 1 253.4 1 232.8 945.1 690.4

 

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Board of Directors

Morten Thorkildsen

Morten Thorkildsen

Chairman of the board

Morten Thorkildsen has an extensive background in the IT industry, with positions – among others – as Country General Manager of IBM.

Morten is currently board member of Oslo University Hospital and chairman of the board of MBI Healthcare Technologies in the UK (a DNV company).

He has held various board positions, including full-time engagement as chairman of the board of Sykehuspartner HF, Board member of Data Respons ASA, chairman of the Norwegian Computer Society, and board member of ICT Norway.

He currently runs his own management consulting company, focusing on digital health, cyber and defence.

Morten holds an MBA degree from Handelshøyskolen BI (Norwegian Business School) and a bachelor’s degree in Business Organisation from the Heriott-Watt University.

Gyrid Ingerø

Gyrid Ingerø

Member of the board

Gyrid Skalleberg Ingerø is former EVP & CFO at Kongsberg Gruppen ASA and also holds board positions at KID, Flytoget, Patria, Opplysningen 1881 and Kongsberg Teknologipark.

She has previously held the position as CFO in Telenor Digital Businesses, Telenor Norge, Opplysningen 1881, Komplett Group and Reiten & Co. Prior to the CFO positions, Gyrid worked for eight years in KPMG and a few years in Nordea.

Gyrid holds a master’s degree in Accounting and Auditing from NHH Norwegian School of Economics.

Henrik Tang Hedegaard

Henrik Tang Hedegaard

Member of the board

Henrik Tang Hedegaard is an experienced international executive who has held multiple senior leadership positions at IBM over a career spanning two decades. Most recently, he served as Chairman of the Board and Group Executive for IBM Nordic, where he held full P&L responsibility for IBM’s hardware, software and services businesses across Sweden, Denmark, Norway, Finland and Iceland.

Throughout his tenure at IBM, Henrik held several key international roles with Nordic, European, and global responsibilities. These included global leadership of IBM’s IT Services business and EMEA-wide responsibility for IBM’s WebSphere software division.

Henrik holds a master’s degree in Economics (Cand.Oecon) from Aarhus University and has most recently completed the Executive Board Program at Copenhagen Business School.

He is considered independent of the company’s management, employees, and major shareholders.

Åshild Hanne Larsen

Åshild Hanne Larsen

Member of the board

Åshild Hanne Larsen (1968) has a Master of Business Administration from Herriot-Watt University in Scotland, UK; a Master in language and pedagogy from Universität Bielefeld in Germany, and has recently completed the Executive Board Program at INSEAD in France. She is also chairman of the International School of Stavanger and Frøya Ventures AS.

Larsen has broad leadership experience from various professional and leading positions in Equinor ASA, including director positions within personnel and organization, information technology and most recently from Subsurface where she currently leads the Excellence & Digital unit.

Åshild Hanne Larsen is independent in relation to senior employees and major shareholders.

Helge Leiro Baastad 1-2

Helge Leiro Baastad

Member of the board

Helge Leiro Baastad (1960) is a civil economist from the Norwegian School of Economics in Bergen.
 
Baastad is chairman of Bertel O Steen AS and Kavli Holding AS and has previous experience from a number of boards, including Gjensidige Nor ASA and DnB NOR ASA, Jordan AS, Sparebanken Sogn og Fjordane, Nykredit Holding AS and Nykredit Realkreditt AS.
 
Baastad was previously CEO of Gjensidige Forsikring ASA for 20 years and has considerable management experience from the financial sector both within banking, life insurance and non-life insurance. Baastad also has broad experience from the brand industry from Denofa & Lilleborg Fabriker / Orkla and Jordan AS. Baastad is independent in relation to management, employees and major shareholders.

Lise Eastgate

Lise Eastgate

Member of the board (employee elected)

Lise Eastgate, Head of Itera Fredrikstad, is an entrepreneur and technologist with a long career in the technology industry. Three years ago, she brought her broad experience from large and small companies in New Zealand and Norway and established a regional Itera office in Fredrikstad.

She has held various leadership roles in the companies she has been part of. Lise strongly promotes business development and regional competence building to drive digitization and the green shift forward.

Andreas Vestre

Andreas Vestre

Member of the board (employee elected)

Andreas has worked at Itera since 2021 as a business consultant and project manager in Itera Digital. He has worked across many different industries, assisting our customers in utilizing technology and data to create concrete business results.

Andreas holds an MSc in Economics and Business Administration from the Norwegian School of Economics (NHH), majoring in Business Analysis and Performance Management.

 

Itera Management

Arne Mjøs
CEO and founder

Arne Mjøs

Mette Mowinckel
Chief HR Officer (CHRO)

Mette Mowinckel

Jon Erik Høgberg
Group COO | Head of Governance, Compliance & Enter Ukraine

Jon Erik Høgberg

Joachim von Ekensteen
Head of Sweden

Joachim von Ekensteen

John Aalling
Head of Denmark

John Aalling

Taras Tovstiak
Head of Central and Eastern Europe

Taras Tovstiak

Bjørnar Engebretsen
Head of Cloud and Application Services

Bjørnar Engebretsen

CEO and founder

Arne Mjøs

Chief HR Officer (CHRO)

Mette Mowinckel

Group COO | Head of Governance, Compliance & Enter Ukraine

Jon Erik Høgberg

Head of Sweden

Joachim von Ekensteen

Head of Denmark

John Aalling

Head of Central and Eastern Europe

Taras Tovstiak

Head of Cloud and Application Services

Bjørnar Engebretsen