Efficiency and cost reduction giving effects
In the beginning of 2025, HG set a goal to have reduced our overhead run rate by NOK 20 million in the first quarter of 2026 compared to the first quarter of 2025. Already in the fourth quarter 2025, the target was exceeded, with a reduced overhead run rate of NOK 30 million. In the operations, we implemented measures during the year to improve efficiency in key areas such as improved purchasing agreements, adjusting organisations, reduction of staff, optimizing the number of cars, and optimizing the size of warehouses and offices.
New financing to support growth
An amended and extended loan agreement with HG’s banking syndicate was signed in September and additional capital amounting to NOK 235 million was contributed from HG’s owners in the latter part of 2025, with an additional NOK 136 million contributed in the first quarter of 2026. The new financial structure in combination with the improved profitability strengthened HG’s financial position considerably and lays the foundation for continued acquisitions.
