Magnora ASA (OSL:MGN)
19.70
+0.26 (1.34%)
At close: Oct 23, 2025
Magnora ASA Company Description
Magnora ASA operates as a renewable energy development company in Norway, Sweden, South Africa and the United Kingdom.
The company focuses on developing wind, solar photovoltaic (PV), and battery storage projects. It serves renewable energy operators, investment and oil companies, and global marine contractors.
The company was formerly known as Sevan Marine ASA and changed its name to Magnora ASA in October 2018.
Magnora ASA was incorporated in 2001 and is based in Oslo, Norway.
Magnora ASA

| Country | Norway |
| Founded | 2001 |
| Industry | Utilities - Renewable |
| Sector | Utilities |
| Employees | 33 |
| CEO | Erik Sneve |
Contact Details
Address: Karenslyst Alle 6 Oslo, 0278 Norway | |
| Website | magnoraasa.com |
Stock Details
| Ticker Symbol | MGN |
| Exchange | Oslo Børs |
| Fiscal Year | January - December |
| Reporting Currency | NOK |
| ISIN Number | NO0010187032 |
| SIC Code | 1389 |
Key Executives
| Name | Position |
|---|---|
| Emilie Schjott Brackman | Vice President of Offshore Wind and Chief Executive Officer of Magnora Offshore Wind |
| Erik Daylemani Sneve | Chief Executive Officer |
| Torstein Sanness | Executive Chairman |
| Bard Olsen | Chief Financial Officer |
| Stein Bjornstad | Chief Operating Officer |
| Hannah Hoydal | Investment Manager |
| Haakon Alfstad | Executive Vice President of Projects |
| Trond Gartner | Senior Vice President of Business Development |
| Espen Erdal | Senior Vice President of Projects and Transactions |
| Morten Strømgren | SVice President of Ownership and Investments |