Air Cargo Logistics AS
Score · fiscal year 2025
46of 100
How to read this: the company is ahead of 40 % of companies in the Morning class Large in the same sector in 2025. What does this mean?
Rank in the Morning class Large: 54 of 90 · What are Morning company classes?
Place in the whole sector: 1,472 of 2,587 · Transport og lagring
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 53 and solidity 7 out of 100 among companies in the Morning class Large in the same sector in 2025. Methodology
Against the sector
Air Cargo Logistics AS is 5 points below the median for companies in the Morning class Large in the same sector in 2025.
Median score 51 among 90 companies.
Against companies in the Morning class Large in the same sector in 2025: operating margin 1.7% (median 2.8%) and equity ratio 5.8% (median 21.4%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 1,418 MNOK | 1,098 MNOK |
| Operating margin | 1.7% | 2.8% |
| Profit margin | 1.6% | 2.9% |
| Return on assets | 14.1% | 7.7% |
| Equity ratio | 5.8% | 21.4% |
| Debt-to-equity | 16.37 | 3.54 |
| Current ratio | 1.05 | 1.11 |
| Revenue growth | 33.7% | 6.5% |
| Revenue per employee | 32.22 MNOK | 5.23 MNOK |
The median and “ahead of” refer to companies in the Morning class Large in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 46, Air Cargo Logistics AS does better than 40% of companies in the Morning class Large in the same sector (90 companies) in 2025.
Score 2023–2025
- Air Cargo Logistics AS
- Median: companies in the Morning class Large in the same sector
Air Cargo Logistics AS has a score of 46 for 2025, rank 1,472 of 2,587 in the sector.
Strongest: Growth: percentile 92 against peers, revenue growth 33.7% against a median of 6.5%.
Weakest: Solidity: percentile 7 against peers, equity ratio 5.8% against a median of 21.4%.
Worth a closer look
- The equity ratio is very low. Could the company absorb a bad year, and does it need more equity? Based on: equity ratio 5.8% (median 21.4%).
- Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have? Based on: revenue growth 33.7% (median 6.5%); current ratio 1.05 (median 1.11).
- What lies behind weak solidity, 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
Air Cargo Logistics AS had an operating margin of 1.7% and an equity ratio of 5.8% in 2025, and ranks 1,472 of 2,587 in Transport og lagring.
From 2024 to 2025: revenue grew by 34% and the equity ratio fell from 12.5% to 5.8%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 11 MNOK and 145 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 15.1 | 98 MNOK |
| EV/EBIT | 16.7 | 145 MNOK |
| P/B | 1.8 | 11 MNOK |
The listed basis is the value at listed multiples. The estimate is lowered by 46% for an unlisted company: 20% for lack of marketability and 32% for size (a small-company premium of 3% on the cost of equity).
A mechanical estimate from public accounts, not advice. A mechanical estimate from public accounts with listed multiples and fixed adjustments. Not a valuation and not advice to buy or sell. See the calculation
Worth a closer look
- watch
The equity ratio is very low. Could the company absorb a bad year, and does it need more equity?
Based on: Equity ratio 5.8% (median 21.4%).
- watch
Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have?
Based on: Revenue growth 33.7% (median 6.5%); Current ratio 1.05 (median 1.11).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 2.0% 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 2.9%. Based on the 8 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 53 | weight 30% |
|---|---|---|
| Solidity | 7 | weight 25% |
| Liquidity | 41 | weight 15% |
| Growth | 92 | weight 15% |
| Consistency | 58 | weight 15% |
Durability: 41 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Air Cargo Logistics AS?
The operating margin was 1.7% in 2025, against a median of 2.8% among companies in the Morning class Large in the same sector. Return on assets was 14.1%.
How solid is Air Cargo Logistics AS?
The equity ratio was 5.8% in 2025 (median 21.4%). Debt-to-equity was 16.37 (median 3.54).
What is the liquidity of Air Cargo Logistics AS like?
The current ratio was 1.05 in 2025 (median 1.11).
How does Air Cargo Logistics AS compare in Transport og lagring?
Air Cargo Logistics AS ranks 1,472 of 2,587 in Transport og lagring for 2025. Among companies in the Morning class Large it is number 54 of 90. Revenue changed by 33.7% from the year before.
From the Central Coordinating Register
- Org. no.
- 914305195
- Legal form
- AS
- Sector
- Transport og lagring (52.312)
- Morning company class
- Large
- Employees
- 44 registered 10 October 2026
- Founded
- 6 October 2014 12 years in operation
- Share capital
- 0.50 MNOK
- Business address
- Dyrskuevegen 3, 2040 KLØFTA (ULLENSAKER)
- Municipality
- Ullensaker rank 4–12 of 13 in KOSTRA group 10
- Latest accounts filed
- 2025
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
Loading roles …
Source: Central Coordinating Register, fetched 31 October 2026. Only names are shown.
Shareholders (2025)
- Number of shareholders
- 1 (one owner)
- Largest owner
- 100.0%
- Split
- companies 100% · private persons 0% · foreign 0%
- Owned from the same municipality
- 100%
- Group chain
-
Owned by: Air Management AS (100%)
Ultimate owner: Air Management AS
- Air Management AS · 100.0%
The company is new in the shareholder register in 2025.
Source: the Norwegian Tax Administration's shareholder register as of 2025. Figures may be older than today's ownership. Private persons are not shown by name.
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 30 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 43 | 35 | 46 | |
| Rank | 1,442 | 1,929 | 1,472 | |
| Operating margin | 1.5% | 0.3% | 1.7% | |
| Return on assets | 9.2% | 3.9% | 14.1% | |
| Equity ratio | 6.7% | 12.5% | 5.8% | |
| Current ratio | 1.05 | 1.11 | 1.05 | |
| Revenue growth | – | −9.2% | 33.7% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 1,168.4 MNOK | 1,060.4 MNOK | 1,417.5 MNOK |
| Operating profit | 18.1 MNOK | 3.4 MNOK | 24.5 MNOK |
| Profit before tax | 18.9 MNOK | 4.0 MNOK | 23.0 MNOK |
| Tax expense | 4.2 MNOK | 0.9 MNOK | 5.1 MNOK |
| Net profit | 14.7 MNOK | 3.1 MNOK | 18.0 MNOK |
| Financial expenses | 1.3 MNOK | 1.5 MNOK | 3.5 MNOK |
| Total assets | 219.3 MNOK | 142.8 MNOK | 188.6 MNOK |
| Current assets | 215.1 MNOK | 138.9 MNOK | 185.9 MNOK |
| Equity | 14.8 MNOK | 17.9 MNOK | 10.9 MNOK |
| Retained earnings | 14.3 MNOK | 17.4 MNOK | 10.4 MNOK |
| Total liabilities | 204.5 MNOK | 124.9 MNOK | 177.7 MNOK |
| Current liabilities | 204.4 MNOK | 124.9 MNOK | 177.7 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 30 October 2026, accounts id 7076973.
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