Taxfree-gigant dro inn 4,9 milliarder

Travel Retail Norway, the company operating tax-free shops at several of Norway's largest airports, saw its revenue reach 4.91 billion kroner in 2025, nearly doubling its 2025 yearly result. Operating profit increased from 14.6 to 16.7 million kroner, while yearly profit rose from 9.9 to 21.9 million kroner. However, the board emphasized that profitability remains unsatisfactory, stating in the annual report that the income is not meeting expectations given the investments.

Travel Retail Norway manages 15 tax-free shops at Oslo, Bergen, Stavanger, and Trondheim airports. The company is 50/50 owned by German firms Gebr. Heinemann and Norse-Trade. The board attributes the profit improvement to "cost control and more favorable currency exchange rates." The company is particularly sensitive to currency fluctuations as its income is in Norwegian kroner, while most of its purchases are made in euros.

In 2025, the volatile exchange rate had a negative impact, but the company's currency strategy helped mitigate the effect. The board also noted that a stronger kroner would positively impact the financial results. At the end of the year, the strengthened kroner already provided "less pressure on margins." The company's revenue has already increased slightly in 2025 despite fewer purchases per product category.

However, this growth in customers didn't lead to a significant increase in turnover. The company proposes to pay out 25 million kroner in dividends. The company has a contract with Avinor until 2027 and will participate in the competition for shop management from 2028. The text was written using an AI tool.