OverviewSuggest Edit

Nammo (Nordic Ammunition Company) is an aerospace and defense company that specializes in the production of ammunition, rocket engines, and space applications. Its products include shoulder-launched munitions systems, military and sports ammunition, rocket motors for military and space applications, explosives and pyrotechnics, warheads and fuzes, etc. The company also offers demilitarization and testing services.
TypePrivate
Founded1998
HQRaufoss, NO
Websitenammo.com

Latest Updates

Employees (est.) (Dec 2020)2,700(+14%)
Revenue (FY, 2020)KR6 B(+19%)
Cybersecurity ratingAMore
Discover new suppliers and conduct deeper comparison analysis with Craft for EnterpriseLearn more
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Key People/Management at Nammo

Morten Brandtzæg

Morten Brandtzæg

President & CEO
Kjell Kringsjå

Kjell Kringsjå

Chief Operating Officer
Christian Rykke

Christian Rykke

Senior Vice President Finance & CFO
Jens-Petter Dieseth

Jens-Petter Dieseth

Senior Vice President Business Development
Anne Haugen-Flermoe

Anne Haugen-Flermoe

Senior Vice President, Legal & Compliance
Fredrik Tangeraas

Fredrik Tangeraas

Senior Vice President, Communications
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Nammo Office Locations

Nammo has offices in Raufoss, Aurskog, Løkken Verk, Arlington and in 30 other locations
Raufoss, NO (HQ)
Enggata 40
Aurskog, NO
Nordveien 227
Løkken Verk, NO
Moshaugan 6
Raufoss, NO
Enggata 37
Raufoss, NO
Enggata 40
Lapua, FI
Patruunatehtaantie 15
Show all (38)

Nammo Financials and Metrics

Summary Metrics

Founding Date

1998
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Nammo Revenue

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View revenue for all periods
Nammo's revenue was reported to be kr6.04 b in FY, 2020 which is a 19% increase from the previous period.
NOK

Revenue (FY, 2020)

6.0b

Revenue growth (FY, 2019 - FY, 2020), %

19%

Gross profit (FY, 2020)

2.0b

Gross profit margin (FY, 2020), %

33.9%

Net income (FY, 2020)

422.5m

EBIT (FY, 2020)

564.3m
Annual
NOKFY, 2018FY, 2019FY, 2020

Revenue

4.9b5.1b6.0b

Revenue growth, %

10%3%19%

Cost of goods sold

3.6b3.8b4.0b

Gross profit

1.3b1.3b2.0b
Quarterly
NOKQ1, 2018Q2, 2018Q3, 2018

Revenue

1.1b1.2b942.0m

EBITDA

61.0m120.0m79.0m

EBITDA margin, %

6%10%8%

EBIT

18.0m72.0m30.0m
Annual
NOKFY, 2018FY, 2019FY, 2020

Accounts Receivable

1.0b685.7m912.1m

Prepaid Expenses

108.4m171.5m280.5m

Inventories

2.3b2.6b2.6b

Current Assets

3.7b3.8b4.5b
Quarterly
NOKQ1, 2018Q2, 2018Q3, 2018

Total Assets

5.4b5.5b5.8b

Total Equity

2.4b2.5b2.5b

Financial Leverage

2.2 x2.2 x2.3 x
NOKFY, 2018FY, 2019FY, 2020

Depreciation and Amortization

182.8m251.1m280.6m

Inventories

(186.4m)(292.0m)140.4m

Accounts Payable

(65.9m)52.5m(37.7m)

Cash From Operating Activities

293.2m497.7m845.9m
NOKQ1, 2018

Financial Leverage

2.2 x
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Nammo Operating Metrics

Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018FY, 2019FY, 2020

Countries

13912

Order Backlog

$5.78 b$5.49 b$4.77 b$4.86 b$4.86 b$4.95 b$4.65 b$4.51 b$4.74 b$5.95 b$5.81 b$7.44 b$9.17 b

Order Intake

$1.12 b$534 m$3.64 b$943 m$883 m$1.09 b$4.3 b$969 m$1.73 b$1.79 b
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Nammo Acquisitions / Subsidiaries

Company NameDateDeal Size
MAC LLCFebruary 02, 2021$8.88 m
Chemring Ordnance Inc.November 21, 2019
Moog Inc.June 12, 2017
Berger BulletsOctober 12, 2016
Talley, Inc.November 30, 2008
Allied Technology LLC
Hansson Pyrotech AB
NAMMO CHELTENHAM LTD
Nammo Composite Solutions LLC
Nammo Defence Germany GmbH
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Nammo Revenue Breakdown

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Nammo revenue breakdown by geographic segment: 5.9% from Asia, 45.8% from North America, 22.9% from Other Europe, 23.9% from Norway, Sweden and Finland and 1.6% from Other

Human Capital Metrics

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Nammo Cybersecurity Score

Cybersecurity ratingPremium dataset

A

92/100

SecurityScorecard logo

Nammo Online and Social Media Presence

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Nammo News and Updates

Nammo releases new edition of the Ammunition Handbook

Nammo’s new product catalogue is here. The 2021 (version 6) document is a significant update over the previous version from 2018. Spanning 191 pages, hundreds of defense products are shown with pictures, descriptions and statistics

Nammo Frequently Asked Questions

  • When was Nammo founded?

    Nammo was founded in 1998.

  • Who are Nammo key executives?

    Nammo's key executives are Morten Brandtzæg, Kjell Kringsjå and Christian Rykke.

  • How many employees does Nammo have?

    Nammo has 2,700 employees.

  • What is Nammo revenue?

    Latest Nammo annual revenue is kr6 b.

  • What is Nammo revenue per employee?

    Latest Nammo revenue per employee is kr2.2 m.

  • Who are Nammo competitors?

    Competitors of Nammo include GKN Aerospace Sweden, General Dynamics Land Systems and KMW.

  • Where is Nammo headquarters?

    Nammo headquarters is located at Enggata 40, Raufoss.

  • Where are Nammo offices?

    Nammo has offices in Raufoss, Aurskog, Løkken Verk, Arlington and in 30 other locations.

  • How many offices does Nammo have?

    Nammo has 38 offices.