Pgm AS
Score · fiscal year 2025
60of 100
How to read this: the company is ahead of 69 % of companies in the Morning class Medium in the same sector in 2025. What does this mean?
Rank in the Morning class Medium: 1,144 of 3,711 · What are Morning company classes?
Place in the whole sector: 7,118 of 22,952 · Handel
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 34 and solidity 92 out of 100 among companies in the Morning class Medium in the same sector in 2025. Methodology
Against the sector
Pgm AS is 10 points above the median for companies in the Morning class Medium in the same sector in 2025.
Median score 50 among 3,711 companies.
Against companies in the Morning class Medium in the same sector in 2025: operating margin 2.1% (median 3.0%) and equity ratio 68.4% (median 30.0%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 67 MNOK | 93 MNOK |
| Operating margin | 2.1% | 3.0% |
| Profit margin | 2.0% | 2.8% |
| Return on assets | 5.7% | 11.6% |
| Equity ratio | 68.4% | 30.0% |
| Debt-to-equity | 0.46 | 2.24 |
| Current ratio | 2.73 | 1.39 |
| Revenue growth | 3.3% | 6.1% |
| Revenue per employee | 3.05 MNOK | 5.08 MNOK |
The median and “ahead of” refer to companies in the Morning class Medium in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 60, Pgm AS does better than 69% of companies in the Morning class Medium in the same sector (3,711 companies) in 2025.
Score 2023–2025
- Pgm AS
- Median: companies in the Morning class Medium in the same sector
Pgm AS has a score of 60 for 2025, rank 7,118 of 22,952 in the sector.
Strongest: Solidity: percentile 92 against peers, equity ratio 68.4% against a median of 30.0%. Liquidity: percentile 87 against peers, current ratio 2.73 against a median of 1.39.
Weakest: Profitability: percentile 34 against peers, operating margin 2.1% against a median of 3.0%. Growth: percentile 38 against peers, revenue growth 3.3% against a median of 6.1%.
Worth a closer look
- What lies behind weak profitability, and will it last?
- What lies behind weak growth, and will it last?
Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made
What the numbers say
Pgm AS had an operating margin of 2.1% and an equity ratio of 68.4% in 2025, and ranks 7,118 of 22,952 in Handel.
From 2024 to 2025: the operating margin fell from 11.1% to 2.1% and the equity ratio rose from 62.9% to 68.4%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 10 MNOK and 23 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 11 MNOK |
| EV/EBIT | 8.0 | 10 MNOK |
| P/B | 1.0 | 23 MNOK |
A mechanical estimate from public accounts, not advice. Mechanical estimate from public accounts with fixed multiples. Not a valuation and not advice to buy or sell. The multiples are provisional default values and must be adjusted per sector before the figures are used for anything. See the calculation
Worth a closer look
No rules were triggered for this year.
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 5.5% of the debt in 2025. The policy rate averaged 4.30 % the same year. This is a plain description of what the debt cost, not a model of interest sensitivity.
See interest rates, prices and exchange rates for the sector
Data quality
No anomalies found in the figures.
Scenario analysis: the sector's weakest year
We have no accounts for 2022, the sector's weakest year, for this company.
The sector's weakest year was 2022, with a median operating margin of 1.5%. Based on the 11 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 34 | weight 30% |
|---|---|---|
| Solidity | 92 | weight 25% |
| Liquidity | 87 | weight 15% |
| Growth | 38 | weight 15% |
| Consistency | 54 | weight 15% |
Durability: 74 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Pgm AS?
The operating margin was 2.1% in 2025, against a median of 3.0% among companies in the Morning class Medium in the same sector. Return on assets was 5.7%.
How solid is Pgm AS?
The equity ratio was 68.4% in 2025 (median 30.0%). Debt-to-equity was 0.46 (median 2.24).
What is the liquidity of Pgm AS like?
The current ratio was 2.73 in 2025 (median 1.39).
How does Pgm AS compare in Handel?
Pgm AS ranks 7,118 of 22,952 in Handel for 2025. Among companies in the Morning class Medium it is number 1,144 of 3,711. Revenue changed by 3.3% from the year before.
Group accounts
The company is registered as part of a group, but we have no group accounts for it. Group accounts are filed by the parent company, and open data does not say which company that is.
Read the figures with care: a company in a group can look strong because of group contributions, or weak because dividends go up to the parent. The figures are indications, not the full picture.
We do not show the group structure, because open data does not say who owns whom.
Public contracts
- Contracts awarded since 2024
- 2
- Total awarded value since 2024
- value not stated
- Framework agreements
- 2
- Left out of the total: the value is a ceiling, not actual spend.
| Date | Buyer | Notice | Value |
|---|---|---|---|
| 13 March 2026 | Bergen kommune | IK-EØS 044-2026 Idrettsutstyr til Bergen kommune med samarbeidsparter 2. utlysning | 18.0 MNOK (framework) |
| 20 February 2025 | Tromsø kommune | Idrettsutstyr - Ny utlysning | value not stated |
| 29 September 2023 | Vestfold og Telemark fylkeskommune | Rammeavtale på idretts- og friluftslivsutstyr til videregående skoler | 5.3 MNOK (2 lots) |
| 5 September 2023 | Øvre Romerike Innkjøpssamarbeid | (23-104) Idrettsutstyr, rammeavtale | 35.0 MNOK |
| 8 December 2022 | Viken Vest Innkjøpssamarbeid (VVI) | (2022-2110) Utstyr til gymsaler og idrettshaller og andre virksomheter, rammeavtale | 10.0 MNOK |
| 27 May 2022 | Tromsø kommune | Rammeavtale for idrettsutstyr | 5.3 MNOK |
| 13 April 2021 | Lørenskog kommune | Rammeavtale om kjøp av idrettsutstyr | 1.4 MNOK |
| 3 October 2019 | VT Innkjøp | Rammeavtale på idretts- og friluftslivsutstyr til videregående skoler i VT-fk | value not stated |
| 30 August 2019 | Øvre Romerike Innkjøpssamarbeid | Idrettsutstyr - kjøp, levering og montering, samt kontroll | value not stated |
| 17 July 2018 | Buskerud fylkeskommune | Utstyr til gymsaler, svømme- og idrettshaller | value not stated |
Based on notices in Doffin. Does not show call-offs under framework agreements or purchases below the publication threshold. Values are as stated by the buyer.
Source: Doffin (DFØ), fetched 28 October 2026. Winners are matched on organisation number.
Contains data under the Norwegian licence for public data (NLOD 2.0) made available by Doffin/the Norwegian Agency for Public and Financial Management (DFØ). NLOD 2.0
From the Central Coordinating Register
- Org. no.
- 912493725
- Legal form
- AS · part of a group
- Sector
- Handel (46.490)
- Morning company class
- Medium
- Employees
- 22 registered 10 October 2026
- Founded
- 6 September 2013 13 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Vestre Hurdalsveg 31, 2032 MAURA (NANNESTAD)
- Municipality
- Nannestad rank 17–38 of 38 in KOSTRA group 7
- Latest accounts filed
- 2025
- Website
- www.pgm.no
Source: Central Coordinating Register, Brønnøysund Register Centre. The employee count is reported by the company and may be older than the accounts. See the company at the Brønnøysund Register Centre
Ownership and roles
- Chief executive
- Håvard Haug
- Chair of the board
- Henrik Haug
- Board member
- Thomas Nicolaysen
- Board member
- Brynjar Haug
- Board member
- Svein Ivar Haug
- Board member
- Håvard Haug
- Deputy member
- Bjørg Olaug Haug
- Deputy member
- Cinthya Elizabeth Pavon Duarte
- Deputy member
- May-Britt Molvik Haug
- Deputy member
- Sissel Haug
- Deputy member
- Hanne Beate Bølviken Nicolaysen
- Auditor
- Akershus Revisjon AS
Source: Central Coordinating Register, fetched 29 October 2026. Only names are shown.
Owners and shareholdings will appear here once the shareholder data extract is in place.
Coming · not built yet
Error in the data?
Do you see an error in the figures or in how the company is mapped (sector, holding, group)? Let us know. Corrections require documentation.
Figures last fetched 26 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 87 | 76 | 60 | |
| Rank | 809 | 1,541 | 7,118 | |
| Operating margin | 9.1% | 11.1% | 2.1% | |
| Return on assets | 19.6% | 22.1% | 5.7% | |
| Equity ratio | 68.2% | 62.9% | 68.4% | |
| Current ratio | 2.39 | 1.77 | 2.73 | |
| Revenue growth | – | 11.0% | 3.3% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 58.6 MNOK | 65.1 MNOK | 67.2 MNOK |
| Operating profit | 5.3 MNOK | 7.2 MNOK | 1.4 MNOK |
| Profit before tax | 5.3 MNOK | 7.5 MNOK | 1.3 MNOK |
| Net profit | 4.1 MNOK | 5.8 MNOK | 1.1 MNOK |
| Financial expenses | 0.5 MNOK | 0.3 MNOK | 0.6 MNOK |
| Total assets | 29.8 MNOK | 35.2 MNOK | 33.9 MNOK |
| Current assets | 21.4 MNOK | 22.4 MNOK | 25.2 MNOK |
| Equity | 20.3 MNOK | 22.2 MNOK | 23.2 MNOK |
| Retained earnings | 20.2 MNOK | 22.1 MNOK | 23.1 MNOK |
| Total liabilities | 9.5 MNOK | 13.1 MNOK | 10.7 MNOK |
| Current liabilities | 9.0 MNOK | 12.7 MNOK | 9.2 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 7189615.
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