Hydor AS
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Hydor AS - overview
Established
2010
Location
Oslo, -, Norway
Primary Industry
Insurance
About
Based in Oslo, Norway, and founded in 2010 by Johan Gjernes, Hydor AS operates as an insurance company that offers many different areas of complete P and I packages at a fixed premium, catering to both shipowners and charterers. In April 2022, Longship acquired a 57. 12% majority stake in Hydor AS. Hydor AS is an insurance agency that specializes in serving the marine industry and provides multiple insurance products tailored to the sector's specific needs.
Underwriting fixed premium owner's protection and indemnity (P&I), charterer's P&I, freight demurrage and defense, hull and machinery, energy, cargo, and other related insurance products are among their offerings. Furthermore, the company offers claim services through resource management in addition to providing customized coverage for marine operational risks. The investment held in April 2022 plans to help the company to accelerate its growth and strengthen the company to exploit new market opportunities, as well as expand its global presence.
Current Investors
Longship
Primary Industry
Insurance
Sub Industries
Commercial Insurance
Website
www.hydor.no
Verticals
InsureTech
Company Stage
Mature - Growth Capital
Total Amount Raised
Subscriber access only
Hydor AS - timeline of key events
Hydor AS - financials
| Fiscal Year Ended | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 3,294,079 | 6,425,081 | 11,387,231 | 17,757,268 | 17,549,702 | 27,914,308 | 28,721,784 | 36,890,244 | 45,062,687 | 45,003,382 | - | - | - |
| % Revenue Growth (YoY) | - | 95.0% | 77.2% | 55.9% | (1.2%) | 59.1% | 2.9% | 28.4% | 22.2% | (0.1%) | - | - | - |
| EBITDA (USD) | 215,010 | 157,054 | 167,473 | 1,513,059 | 8,860,265 | 3,547,637 | 5,046,293 | 15,674,676 | 16,762,883 | 19,533,470 | - | - | - |
| Operating Income (USD) | 215,010 | 148,304 | 126,855 | 1,447,069 | 8,782,926 | 3,487,903 | 4,949,593 | 15,573,484 | 16,679,747 | 19,455,018 | - | - | - |
| Operating Margin | 6.5% | 2.3% | 1.1% | 8.1% | 50.0% | 12.5% | 17.2% | 42.2% | 37.0% | 43.2% | - | - | - |
| % EBITDA Margin | 6.5% | 2.4% | 1.5% | 8.5% | 50.5% | 12.7% | 17.6% | 42.5% | 37.2% | 43.4% | - | - | - |
| NET Income (USD) | 133,898 | 54,293 | 31,139 | 903,898 | 6,351,168 | 3,032,817 | 3,726,470 | 11,950,160 | 11,928,150 | 14,633,512 | - | - | - |
| % Net Margin | 4.1% | 0.8% | 0.3% | 5.1% | 36.2% | 10.9% | 13.0% | 32.4% | 26.5% | 32.5% | - | - | - |
Hydor AS - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Growth | Completed | Hydor AS | - |
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Hydor AS - employee data
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