Entrepreneurship, focus and long term commitment

Entrepreneurship, focus and long term commitment are the cornerstones of Bjørn Rune Gjelsten's history. These are values that also form the foundation for the Gjelsten Holding group.

Our logo, which contains an eagle and a lily, is inspired by a family coat of arms from the 16th century, and the Gjelsten family's ancestry goes back to the Gjelsten and Nakken farms northeast of Ålesund. The family's history is marked by both trade and business development.

From 1871, the trading firm P. A. Gjelsten operated a significant business in trade and shipping from Fiksdal, which until the First World War was one of the largest trading centres on the west coast of Norway.

In the period 1990-1995, Bjørn Rune Gjelsten was crucial for the development of RGI, which in 1996 merged with Aker. Mr. Gjelsten was chairman of the board of Aker and CEO of Aker RGI from 1996 to 2000. At the time Aker RGI had a turnover of NOK 50 billion and over 30,000 employees. Aker RGI was founded on clear values: defined goals, focus, hard work and active ownership. These values were also key when Mr. Gjelsten established Gjelsten Holding in 2000. Since then, considerable value has been created.

The group has a solid earnings track record and a strong financial platform, enabling further growth and value creation.

Key figures

MNOK 2022 2021 2020 2019 2018
Revenues 3 468 3 899 3 296 3 395 3 207
EBITDA 778 1 396 1 198 790 655
Operating profit 605 1 217 987 544 481
Profit before tax 486 1 046 812 448 382
Bjørn Rune Gjelsten

Bjørn Rune Gjelsten
Owner and Chairman

Henrik Schüssler

Henrik Schüssler
CEO

+47 915 80 606

Rune Marsdal

Rune Marsdal
CFO

+47 930 99 301

Petter Schouw-Hansen

Petter Schouw-Hansen
Director

+47 482 24 534

Ola T. Gjørtz

Ola T. Gjørtz
Director

+47 930 33 322

Lars Kristian Evjen Berge

Lars Kristian Evjen Berge
Finance/Project

+47 959 44 455

Kjetil Tofthagen

Kjetil Tofthagen
Project Manager

+47 414 44 615