VIANOR AS
Score · fiscal year 2025
47of 100
How to read this: the company is ahead of 42 % of companies in the Morning class Large in the same sector in 2025. What does this mean?
Rank in the Morning class Large: 312 of 541 · What are Morning company classes?
Place in the whole sector: 12,959 of 23,059 · Handel
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 37 and solidity 55 out of 100 among companies in the Morning class Large in the same sector in 2025. Methodology
Against the sector
VIANOR AS is 3 points below the median for companies in the Morning class Large in the same sector in 2025.
Median score 50 among 541 companies.
Against companies in the Morning class Large in the same sector in 2025: operating margin 2.5% (median 2.5%) and equity ratio 34.1% (median 30.9%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 1,585 MNOK | 1,119 MNOK |
| Operating margin | 2.5% | 2.5% |
| Profit margin | 1.3% | 2.5% |
| Return on assets | 4.6% | 10.2% |
| Equity ratio | 34.1% | 30.9% |
| Debt-to-equity | 1.94 | 2.23 |
| Current ratio | 2.02 | 1.30 |
| Revenue growth | 1.9% | 6.9% |
| Revenue per employee | 3.22 MNOK | 12.49 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 47, VIANOR AS does better than 42% of companies in the Morning class Large in the same sector (541 companies) in 2025.
Score 2023–2025
- VIANOR AS
- Median: companies in the Morning class Large in the same sector
VIANOR AS has a score of 47 for 2025, rank 12,959 of 23,059 in the sector.
Strongest: Liquidity: percentile 86 against peers, current ratio 2.02 against a median of 1.30.
Weakest: Growth: percentile 29 against peers, revenue growth 1.9% against a median of 6.9%. Consistency: percentile 34 against peers.
Worth a closer look
- What lies behind weak growth, and will it last?
- What lies behind weak consistency, 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
VIANOR AS had an operating margin of 2.5% and an equity ratio of 34.1% in 2025, and ranks 12,959 of 23,059 in Handel.
From 2024 to 2025: the operating margin fell from 5.2% to 2.5%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 46 MNOK and 332 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 157 MNOK |
| EV/EBIT | 8.0 | 46 MNOK |
| P/B | 1.0 | 332 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 3.7% 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 | 37 | weight 30% |
|---|---|---|
| Solidity | 55 | weight 25% |
| Liquidity | 86 | weight 15% |
| Growth | 29 | weight 15% |
| Consistency | 34 | weight 15% |
Durability: 47 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is VIANOR AS?
The operating margin was 2.5% in 2025, against a median of 2.5% among companies in the Morning class Large in the same sector. Return on assets was 4.6%.
How solid is VIANOR AS?
The equity ratio was 34.1% in 2025 (median 30.9%). Debt-to-equity was 1.94 (median 2.23).
What is the liquidity of VIANOR AS like?
The current ratio was 2.02 in 2025 (median 1.30).
How does VIANOR AS compare in Handel?
VIANOR AS ranks 12,959 of 23,059 in Handel for 2025. Among companies in the Morning class Large it is number 312 of 541. Revenue changed by 1.9% from the year before.
Public contracts
- Contracts awarded since 2024
- 8
- in 6 notices (lots counted separately)
- Total awarded value since 2024
- value not stated
- 2 contracts without a stated value are not in the total.
- Framework agreements
- 6
- Left out of the total: the value is a ceiling, not actual spend.
| Date | Buyer | Notice | Value |
|---|---|---|---|
| 20 March 2026 | Politiets fellestjenester | Verkstedtjenester og lakk- og karosseritjenester | 160.0 MNOK (framework) |
| 5 June 2025 | Sirkula IKS | Rammeavtaler dekk og dekktjenester Renovasjonsselskapet GLØR IKS | 3.3 MNOK (framework) |
| 20 May 2025 | Politiets fellestjenester | Dekk- og dekkhotell | 140.0 MNOK (framework) |
| 26 February 2025 | Trondheim kommune | Dekk og dekkhotell | value not stated |
| 25 February 2025 | Levanger Kommune | Dekk til tunge og lette kjøretøy - Levanger kommune | value not stated (2 lots) |
| 11 February 2025 | Steinkjer kommune | Dekk til tunge og lette kjøretøy, samt dekkhotell - Steinkjer kommune | value not stated (2 lots) |
| 19 December 2023 | Stiftelsen Tradebroker | Dekk og felger med tilhørende produkt og tjenester | 500.0 MNOK (framework) |
| 17 October 2023 | Lillestrøm Kommune | Rammeavtale dekk og dekkhotell | 5.0 MNOK |
| 4 May 2023 | Bodø Kommune | 2022/6772 - Dekk og dekkhotell (Ny kunngjøring) | 10.0 MNOK (framework) |
| 8 February 2022 | GKI Grenlandskommunenes Innkjøpsenhet | Dekk og dekkservice - 2022 - 2026 | 18.0 MNOK |
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.
- 935429447
- Legal form
- AS
- Sector
- Handel (47.820)
- Morning company class
- Large
- Employees
- 493 registered 10 October 2026
- Founded
- 20 June 1984 42 years in operation
- Share capital
- 2.56 MNOK
- Business address
- Leiraveien 17, 2000 LILLESTRØM
- Municipality
- Lillestrøm rank 7 of 11 in KOSTRA group 12
- Latest accounts filed
- 2025
- Website
- www.vianor.com
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
- Reidar Samuelsen
- Chair of the board
- Leena Anneli Kaipainen
- Board member
- Anna-Kaisa Katariina Kauppila
- Board member
- Tron Gulbrandsen
- Board member
- Elisa Kristiina Erkkilä
- Board member
- Ingvar Auestad
- Board member
- Pål Kaarby
- Board member
- Marius Lervik
- Deputy member
- Bjørn Ragnar Hoven
- Deputy member
- Arild Mathisen Sandnes
- Deputy member
- Johnny Alan Clarke
- Auditor
- CEDRA NORGE 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 28 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 35 | 59 | 47 | |
| Rank | 15,175 | 7,430 | 12,959 | |
| Operating margin | −0.5% | 5.2% | 2.5% | |
| Return on assets | 0.3% | 8.4% | 4.6% | |
| Equity ratio | 26.6% | 31.3% | 34.1% | |
| Current ratio | 3.01 | 2.58 | 2.02 | |
| Revenue growth | – | 4.7% | 1.9% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 1,485.5 MNOK | 1,555.8 MNOK | 1,585.1 MNOK |
| Operating profit | −7.9 MNOK | 80.7 MNOK | 39.4 MNOK |
| Profit before tax | −41.1 MNOK | 54.8 MNOK | 20.8 MNOK |
| Net profit | −32.1 MNOK | 42.0 MNOK | 15.7 MNOK |
| Financial expenses | 44.2 MNOK | 29.8 MNOK | 23.8 MNOK |
| Total assets | 1,028.6 MNOK | 1,009.1 MNOK | 973.9 MNOK |
| Current assets | 857.8 MNOK | 833.8 MNOK | 753.5 MNOK |
| Equity | 274.0 MNOK | 316.1 MNOK | 331.8 MNOK |
| Retained earnings | −32.1 MNOK | 42.0 MNOK | 57.7 MNOK |
| Total liabilities | 754.5 MNOK | 693.0 MNOK | 642.1 MNOK |
| Current liabilities | 284.5 MNOK | 323.0 MNOK | 372.1 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 28 October 2026, accounts id 7031682.
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