Sector

1,631 companies ranked against comparable companies in four Morning company classes. Fiscal year 2023. Source: Brønnøysund Register Centre. Methodology

Ranking · 2023 · Morning class Large

Morning class Large · 2023
#CompanyProfileScoreChangeFive years
1 Dahles Auto Fredrikstad AS Leader 89 –
2 Elis Norge AS Leader 88 –
3 Bertel O Steen Rogaland AS Leader 82 –
4 Nardo Bil AS Leader 82 –
5 Dahles Auto Sarpsborg AS Leader 80 –
6 BERTEL O. Steen Ullevål AS Leader 80 –
7 Gromstad Auto AS Leader 78 –
8 Bilia Norge AS Steward 76 –
9 Menarmo AS Steward 74 –
10 Toyota Sør AS Leader 72 –
11 Jæger Automobil AS Leader 71 –
12 Sulland Tromsø AS Leader 69 –
13 WIST LAST & Buss AS Leader 68 –
14 Sulland Lier AS Leader 67 –
15 Toyota Asker og Bærum AS Leader 66 –
16 Bilbutikk 1 AS Steward 65 –
17 BERTEL O. Steen Lørenskog AS Steward 63 –
18 BERTEL O. Steen Vestfold og Telemark AS Leader 62 –
19 Toyota Buskerud AS Leader 61 –
20 Motor-Trade AS Leader 61 –
21 Bertel O Steen Østfold AS Steward 61 –
22 BERTEL O. Steen Trøndelag AS Steward 61 –
23 Nordic Last og Buss AS Sprinter 60 –
24 Kolumbus AS Steward 60 –
25 Volmax AS Leader 60 –
26 Bertel O Steen Asker og Bærum AS Leader 59 –
27 BERTEL O. Steen Innlandet AS Steward 59 –
28 Naf AS Steward 59 –
29 Toyota Oslo AS Leader 58 –
30 BERTEL O. Steen Bergen AS Steward 56 –
31 Andresen Bil AS Steward 56 –
32 Nor Tekstil AS Sprinter 54 –
33 Kverneland Bil Vest AS Steward 53 –
34 Gumpens Auto Vest AS Sprinter 51 –
35 Sven Kvia AS Sprinter 51 –
36 Volvo Norge AS Sprinter 50 –
37 Frydenbø Bil Ålesund AS Sprinter 49 –
38 Agder Kollektivtrafikk AS Steward 49 –
39 Melhus Bil Trondheim AS Steward 46 –
40 Møller Bil Øst AS Sprinter 46 –
41 Nordvik AS Builder 43 –
42 Møller Bil Vestfold AS Sprinter 42 –
43 Auto 8-8 Ålesund AS Builder 41 –
44 Møller Bil Sør-Rogaland AS Sprinter 41 –
45 Norsk Scania AS Sprinter 40 –
46 Bil-Service AS Steward 39 –
47 Frydenbø Bil Asv AS Sprinter 39 –
48 Fjellinjen AS Sprinter 39 –
49 Møller Bil Innlandet AS Builder 38 –
50 Møller Bil Bergen AS Sprinter 37 –

The rank is the rank in the class. A class with fewer than ten companies is compared with the whole sector. Full ranking · Press mode

Biggest moves · Morning class Large

Climbers and fallers need at least two fiscal years with a score. Coming when next year's figures are fetched.

Top lists in the sector · 2023 · Morning class Large

The five largest companies account for 32% of the sector's revenue. Combined profit before tax for the 69 ranked companies: 9,434 MNOK.

Size

The largest by revenue and employees, and who earns the most per employee.

Highest revenue

  1. Ruter AS 12,191 MNOK
  2. Norsk Scania AS 7,100 MNOK
  3. Bilia Norge AS 6,052 MNOK
  4. Fjellinjen AS 4,526 MNOK
  5. Ferde AS 4,420 MNOK

Operating revenue.

Most employees

  1. Nor Tekstil AS 1,648
  2. Norsk Scania AS 1,343
  3. Bilia Norge AS 781
  4. Elis Norge AS 548
  5. Naf AS 456

Employees according to the Central Coordinating Register.

Highest revenue per employee

  1. Fjellinjen AS 150.9 MNOK
  2. Ferde AS 113.3 MNOK
  3. Kolumbus AS 30.5 MNOK
  4. Ruter AS 28.8 MNOK
  5. Atb AS 21.7 MNOK

Only companies with at least 5 employees.

Profit and balance

Who earns the most, who loses the most, and who has the strongest balance sheet.

Highest operating margin

  1. Ferde AS 93.7%
  2. Fjellinjen AS 91.7%
  3. Vegfinans E18 Vestfold AS 27.0%
  4. Elis Norge AS 13.4%
  5. Nor Tekstil AS 12.9%

Operating result divided by operating revenue.

Largest profit

  1. Fjellinjen AS 4,052 MNOK
  2. Ferde AS 3,518 MNOK
  3. Norsk Scania AS 897 MNOK
  4. Volvo Norge AS 153 MNOK
  5. Nor Tekstil AS 125 MNOK

Profit before tax.

Largest loss

  1. Helseplattformen AS −121 MNOK
  2. Birger N Haug AS −79 MNOK
  3. Møller Bil Vest AS −29 MNOK
  4. Bil-Service AS −24 MNOK
  5. Røhneselmer AS −23 MNOK

Profit before tax, the largest negative.

Most solid

  1. Naf AS 69.5%
  2. Bilia Norge AS 67.6%
  3. Elis Norge AS 60.5%
  4. Menarmo AS 58.3%
  5. BERTEL O. Steen Trøndelag AS 54.5%

Equity ratio: equity divided by total assets.

Growth and movement

Who grows and falls the most in revenue, and who has climbed or fallen the most on the index since the year before.

Fastest growth

No company meets the requirement this year.

Revenue growth from the year before, only from at least NOK 10 million in revenue.

Largest revenue decline

No company meets the requirement this year.

Revenue decline from the year before, only from at least NOK 10 million in revenue.

Biggest climbers

Requires an index for two financial years.

Change in index points from the year before.

Biggest fallers

Requires an index for two financial years.

Change in index points from the year before.

The lists cover ranked companies in the class: operating companies with at least NOK 1m in revenue, without holding companies and excluded ones. Size lists (revenue, profit, employees) count each group once. Source: Brønnøysund Register Centre. Amounts in other currencies are converted at Norges Bank's rates.

Quadrant analysis

Positions in the sector · 2023 · Morning class Large

Each company is placed by profitability and solidity, measured as a place from 0 to 100 against the others in the same sector and Morning company class. The bubble shows revenue. Hover over or tap a bubble for the figures, filter by profile or search for a company.

Ruter AS: 20 / 44Norsk Scania AS: 90 / 8Bilia Norge AS: 43 / 99Fjellinjen AS: 99 / 4Ferde AS: 90 / 2Møller Bil Øst AS: 51 / 27Birger N Haug AS: 2 / 47Atb AS: 16 / 17Møller Bil Vest AS: 12 / 32Frydenbø Bil Vpl AS: 24 / 19Volvo Norge AS: 74 / 16Kolumbus AS: 35 / 90Kverneland Bil AS: 25 / 42BERTEL O. Steen Lørenskog AS: 45 / 63Møller Bil Bergen AS: 54 / 21Møller Bil Innlandet AS: 41 / 24Røhneselmer AS: 23 / 11Møller Bil Sør-Rogaland AS: 61 / 29Toyota Oslo AS: 60 / 54Nor Tekstil AS: 73 / 35Nordvik AS: 46 / 39Volmax AS: 62 / 64Bil-Service AS: 9 / 61WIST LAST & Buss AS: 92 / 51BERTEL O. Steen Bergen AS: 34 / 69Møller Bil Vestfold AS: 76 / 23Bertel O Steen Asker og Bærum AS: 51 / 73BERTEL O. Steen Vestfold og Telemark AS: 53 / 59Nardo Bil AS: 62 / 93Jæger Automobil AS: 68 / 84Agder Kollektivtrafikk AS: 2 / 75Bilbutikk 1 AS: 38 / 82Motor-Trade AS: 65 / 67Bertel O Steen Østfold AS: 43 / 72Toyota Buskerud AS: 75 / 57BERTEL O. Steen Ullevål AS: 88 / 81BERTEL O. Steen Drammen AS: 6 / 50Bertel O Steen Rogaland AS: 71 / 91Toyota Asker og Bærum AS: 79 / 53Elis Norge AS: 89 / 97Frydenbø Bil Asv AS: 65 / 20Helseplattformen AS: 6 / 0Gumpens Auto Vest AS: 81 / 36Andresen Bil AS: 18 / 70BERTEL O. Steen Agder AS: 22 / 14BERTEL O. Steen Innlandet AS: 46 / 85Nordic Last og Buss AS: 82 / 48BERTEL O. Steen Trøndelag AS: 6 / 94Toyota Sør AS: 93 / 56Gumpens Auto Grenland AS: 29 / 38Frydenbø Bil Ålesund AS: 84 / 30Dahles Auto Sarpsborg AS: 86 / 76Vegfinans E18 Vestfold AS: 65 / 1Team Verksted AS: 62 / 5Dahles Auto Fredrikstad AS: 90 / 88Carglass AS: 38 / 13Sulland Tromsø AS: 76 / 66Møller Bil Haugesund AS: 40 / 26Gromstad Auto AS: 90 / 79Auto 8-8 Ålesund AS: 28 / 45Menarmo AS: 49 / 96Sulland Lier AS: 77 / 60Melhus Bil Trondheim AS: 18 / 78Sven Kvia AS: 60 / 41Naf AS: 46 / 100Kverneland Bil Vest AS: 15 / 87Fiskeri- og Havbruksnæringens Forskningsfinansiering AS: 14 / 7Erik Arnesen Helsfyr AS: 6 / 33Formula Automobile Norge AS: 10 / 1000252550507575100100Solidity, percentile against peers →↑ Profitability, percentile against peers
Ruter AS: 20 / 44Norsk Scania AS: 90 / 8Bilia Norge AS: 43 / 99Fjellinjen AS: 99 / 4Ferde AS: 90 / 2Møller Bil Øst AS: 51 / 27Birger N Haug AS: 2 / 47Atb AS: 16 / 17Møller Bil Vest AS: 12 / 32Frydenbø Bil Vpl AS: 24 / 19Volvo Norge AS: 74 / 16Kolumbus AS: 35 / 90Kverneland Bil AS: 25 / 42BERTEL O. Steen Lørenskog AS: 45 / 63Møller Bil Bergen AS: 54 / 21Møller Bil Innlandet AS: 41 / 24Røhneselmer AS: 23 / 11Møller Bil Sør-Rogaland AS: 61 / 29Toyota Oslo AS: 60 / 54Nor Tekstil AS: 73 / 35Nordvik AS: 46 / 39Volmax AS: 62 / 64Bil-Service AS: 9 / 61WIST LAST & Buss AS: 92 / 51BERTEL O. Steen Bergen AS: 34 / 69Møller Bil Vestfold AS: 76 / 23Bertel O Steen Asker og Bærum AS: 51 / 73BERTEL O. Steen Vestfold og Telemark AS: 53 / 59Nardo Bil AS: 62 / 93Jæger Automobil AS: 68 / 84Agder Kollektivtrafikk AS: 2 / 75Bilbutikk 1 AS: 38 / 82Motor-Trade AS: 65 / 67Bertel O Steen Østfold AS: 43 / 72Toyota Buskerud AS: 75 / 57BERTEL O. Steen Ullevål AS: 88 / 81BERTEL O. Steen Drammen AS: 6 / 50Bertel O Steen Rogaland AS: 71 / 91Toyota Asker og Bærum AS: 79 / 53Elis Norge AS: 89 / 97Frydenbø Bil Asv AS: 65 / 20Helseplattformen AS: 6 / 0Gumpens Auto Vest AS: 81 / 36Andresen Bil AS: 18 / 70BERTEL O. Steen Agder AS: 22 / 14BERTEL O. Steen Innlandet AS: 46 / 85Nordic Last og Buss AS: 82 / 48BERTEL O. Steen Trøndelag AS: 6 / 94Toyota Sør AS: 93 / 56Gumpens Auto Grenland AS: 29 / 38Frydenbø Bil Ålesund AS: 84 / 30Dahles Auto Sarpsborg AS: 86 / 76Vegfinans E18 Vestfold AS: 65 / 1Team Verksted AS: 62 / 5Dahles Auto Fredrikstad AS: 90 / 88Carglass AS: 38 / 13Sulland Tromsø AS: 76 / 66Møller Bil Haugesund AS: 40 / 26Gromstad Auto AS: 90 / 79Auto 8-8 Ålesund AS: 28 / 45Menarmo AS: 49 / 96Sulland Lier AS: 77 / 60Melhus Bil Trondheim AS: 18 / 78Sven Kvia AS: 60 / 41Naf AS: 46 / 100Kverneland Bil Vest AS: 15 / 87Fiskeri- og Havbruksnæringens Forskningsfinansiering AS: 14 / 7Erik Arnesen Helsfyr AS: 6 / 33Formula Automobile Norge AS: 10 / 1000252550507575100100Solidity, percentile against peers →↑ Profitability, percentile against peers

Bubble size shows relative revenue, not exact figures.

  • Lion · LeaderHigh profitability, high solidity
  • Cheetah · SprinterHigh profitability, lower solidity
  • Elephant · StewardLower profitability, high solidity
  • Beaver · BuilderLower profitability, lower solidity
Show the positions as a list
CompanyProfileProfitabilitySolidityIn 2022 (profitability / solidity)
Fjellinjen ASCheetah994–
Toyota Sør ASLion9356–
WIST LAST & Buss ASLion9251–
Dahles Auto Fredrikstad ASLion9088–
Gromstad Auto ASLion9079–
Ferde ASCheetah902–
Norsk Scania ASCheetah908–
Elis Norge ASLion8997–
BERTEL O. Steen Ullevål ASLion8881–
Dahles Auto Sarpsborg ASLion8676–
Frydenbø Bil Ålesund ASCheetah8430–
Nordic Last og Buss ASCheetah8248–
Gumpens Auto Vest ASCheetah8136–
Toyota Asker og Bærum ASLion7953–
Sulland Lier ASLion7760–
Sulland Tromsø ASLion7666–
Møller Bil Vestfold ASCheetah7623–
Toyota Buskerud ASLion7557–
Volvo Norge ASCheetah7416–
Nor Tekstil ASCheetah7335–
Bertel O Steen Rogaland ASLion7191–
Jæger Automobil ASLion6884–
Motor-Trade ASLion6567–
Frydenbø Bil Asv ASCheetah6520–
Vegfinans E18 Vestfold ASCheetah651–
Team Verksted ASCheetah625–
Nardo Bil ASLion6293–
Volmax ASLion6264–
Møller Bil Sør-Rogaland ASCheetah6129–
Toyota Oslo ASLion6054–
Sven Kvia ASCheetah6041–
Møller Bil Bergen ASCheetah5421–
BERTEL O. Steen Vestfold og Telemark ASLion5359–
Bertel O Steen Asker og Bærum ASLion5173–
Møller Bil Øst ASCheetah5127–
Menarmo ASElephant4996–
BERTEL O. Steen Innlandet ASElephant4685–
Nordvik ASBeaver4639–
Naf ASElephant46100–
BERTEL O. Steen Lørenskog ASElephant4563–
Bilia Norge ASElephant4399–
Bertel O Steen Østfold ASElephant4372–
Møller Bil Innlandet ASBeaver4124–
Møller Bil Haugesund ASBeaver4026–
Bilbutikk 1 ASElephant3882–
Carglass ASBeaver3813–
Kolumbus ASElephant3590–
BERTEL O. Steen Bergen ASElephant3469–
Gumpens Auto Grenland ASBeaver2938–
Auto 8-8 Ålesund ASBeaver2845–
The sector in numbers

Summary · fiscal year 2023 · Morning class Large

The sector's median operating margin is 1.5%. 1 of 69 companies have negative equity. The median equity ratio is 24.1%.

Companies with accounts69
Total revenue108,626 MNOK
Median operating margin1.5%
Median equity ratio24.1%
Share with a loss26%
Share with negative equity1%

All figures are for fiscal year 2023. Ranked: 69 operating companies. Holding companies, excluded companies and companies without enough data are shown but not ranked. How to read the index

  • Growth is not included in the index: it needs the previous year's accounts.

Climbers and fallers · Morning class Large

Climbers need at least two fiscal years. They appear once next year's accounts are fetched or history is imported.

Awards · 2023 · Morning class Large

Most profitableFerde AS93.7%
Strongest balance sheetNaf AS69.5%
Largest revenueRuter AS12,191 MNOK
Highest revenue per employeeFjellinjen AS150.9 MNOK

Needs attention · 2023 · Morning class Large

27 companies show at least one warning sign. Showing the 15 most important.

Sector map · 2023 · Morning class Large

Profitability against solidity for the ranked companies. Size shows revenue. Coral triangle: negative equity. Click to open the company. Outliers are placed on the edge.

0%5%10%0%10%20%30%40%50%Operating margin (profitability) →Equity ratio (solidity) →Ruter AS: operating margin −0.4%, equity ratio 21.4%, rank 52Norsk Scania AS: operating margin 12.4%, equity ratio 5.8%, rank 45Bilia Norge AS: operating margin 1.4%, equity ratio 67.6%, rank 8Fjellinjen AS: operating margin 91.7%, equity ratio 3.0%, rank 48Ferde AS: operating margin 93.7%, equity ratio 0.2%, rank 54Møller Bil Øst AS: operating margin 1.6%, equity ratio 15.2%, rank 40Birger N Haug AS: operating margin −2.2%, equity ratio 22.2%, rank 58Atb AS: operating margin −0.5%, equity ratio 12.8%, rank 64Møller Bil Vest AS: operating margin −0.5%, equity ratio 16.7%, rank 57Frydenbø Bil Vpl AS: operating margin 0.1%, equity ratio 15.0%, rank 63Volvo Norge AS: operating margin 3.7%, equity ratio 12.5%, rank 36Kolumbus AS: operating margin 0.5%, equity ratio 43.9%, rank 24Kverneland Bil AS: operating margin 0.0%, equity ratio 20.1%, rank 59BERTEL O. Steen Lørenskog AS: operating margin 1.2%, equity ratio 29.4%, rank 17Møller Bil Bergen AS: operating margin 1.4%, equity ratio 15.0%, rank 50Møller Bil Innlandet AS: operating margin 1.0%, equity ratio 15.2%, rank 49Røhneselmer AS: operating margin 0.2%, equity ratio 8.3%, rank 66Møller Bil Sør-Rogaland AS: operating margin 1.8%, equity ratio 15.2%, rank 44Toyota Oslo AS: operating margin 2.1%, equity ratio 25.0%, rank 29Nor Tekstil AS: operating margin 12.9%, equity ratio 19.6%, rank 32Nordvik AS: operating margin 1.1%, equity ratio 20.0%, rank 41Volmax AS: operating margin 3.0%, equity ratio 30.1%, rank 25Bil-Service AS: operating margin −0.9%, equity ratio 28.2%, rank 46WIST LAST & Buss AS: operating margin 8.1%, equity ratio 24.6%, rank 13BERTEL O. Steen Bergen AS: operating margin 0.6%, equity ratio 30.5%, rank 30Møller Bil Vestfold AS: operating margin 3.0%, equity ratio 15.1%, rank 42Bertel O Steen Asker og Bærum AS: operating margin 1.5%, equity ratio 31.8%, rank 26BERTEL O. Steen Vestfold og Telemark AS: operating margin 1.5%, equity ratio 26.5%, rank 18Nardo Bil AS: operating margin 2.8%, equity ratio 52.5%, rank 4Jæger Automobil AS: operating margin 2.7%, equity ratio 39.5%, rank 11Agder Kollektivtrafikk AS: operating margin −3.0%, equity ratio 32.3%, rank 38Bilbutikk 1 AS: operating margin 1.0%, equity ratio 37.7%, rank 16Motor-Trade AS: operating margin 2.1%, equity ratio 30.5%, rank 20Bertel O Steen Østfold AS: operating margin 0.9%, equity ratio 31.1%, rank 21Toyota Buskerud AS: operating margin 3.4%, equity ratio 25.0%, rank 19BERTEL O. Steen Ullevål AS: operating margin 3.7%, equity ratio 34.6%, rank 6BERTEL O. Steen Drammen AS: operating margin −1.6%, equity ratio 24.1%, rank 53Bertel O Steen Rogaland AS: operating margin 3.1%, equity ratio 48.3%, rank 3Toyota Asker og Bærum AS: operating margin 3.5%, equity ratio 25.0%, rank 15Elis Norge AS: operating margin 13.4%, equity ratio 60.5%, rank 2Frydenbø Bil Asv AS: operating margin 2.2%, equity ratio 15.0%, rank 47Helseplattformen AS: operating margin −10.1%, equity ratio −11.8%, rank 69Gumpens Auto Vest AS: operating margin 3.4%, equity ratio 20.0%, rank 34Andresen Bil AS: operating margin −0.1%, equity ratio 31.0%, rank 31BERTEL O. Steen Agder AS: operating margin 0.1%, equity ratio 12.2%, rank 61BERTEL O. Steen Innlandet AS: operating margin 0.3%, equity ratio 40.3%, rank 27Nordic Last og Buss AS: operating margin 6.5%, equity ratio 23.1%, rank 23BERTEL O. Steen Trøndelag AS: operating margin −1.6%, equity ratio 54.5%, rank 22Toyota Sør AS: operating margin 5.1%, equity ratio 25.0%, rank 10Gumpens Auto Grenland AS: operating margin 0.4%, equity ratio 20.0%, rank 51Frydenbø Bil Ålesund AS: operating margin 3.5%, equity ratio 15.4%, rank 37Dahles Auto Sarpsborg AS: operating margin 3.8%, equity ratio 32.6%, rank 5Vegfinans E18 Vestfold AS: operating margin 27.0%, equity ratio 0.0%, rank 62Team Verksted AS: operating margin 4.6%, equity ratio 4.9%, rank 60Dahles Auto Fredrikstad AS: operating margin 4.4%, equity ratio 43.0%, rank 1Carglass AS: operating margin 1.2%, equity ratio 11.2%, rank 65Sulland Tromsø AS: operating margin 3.4%, equity ratio 30.1%, rank 12Møller Bil Haugesund AS: operating margin 0.9%, equity ratio 15.2%, rank 56Gromstad Auto AS: operating margin 4.6%, equity ratio 34.1%, rank 7Auto 8-8 Ålesund AS: operating margin 0.5%, equity ratio 21.6%, rank 43Menarmo AS: operating margin 1.9%, equity ratio 58.3%, rank 9Sulland Lier AS: operating margin 3.3%, equity ratio 27.6%, rank 14Melhus Bil Trondheim AS: operating margin −0.3%, equity ratio 33.2%, rank 39Sven Kvia AS: operating margin 2.0%, equity ratio 20.0%, rank 35Naf AS: operating margin 0.5%, equity ratio 69.5%, rank 28Kverneland Bil Vest AS: operating margin −0.4%, equity ratio 40.4%, rank 33Fiskeri- og Havbruksnæringens Forskningsfinansiering AS: operating margin −3.8%, equity ratio 5.8%, rank 67Erik Arnesen Helsfyr AS: operating margin −1.4%, equity ratio 16.9%, rank 55Formula Automobile Norge AS: operating margin −0.6%, equity ratio 7.3%, rank 68
Show the map's figures as a table
CompanyOperating marginEquity ratioRevenue
Dahles Auto Fredrikstad AS4.4%43.0%633 MNOK
Elis Norge AS13.4%60.5%820 MNOK
Bertel O Steen Rogaland AS3.1%48.3%866 MNOK
Nardo Bil AS2.8%52.5%1,047 MNOK
Dahles Auto Sarpsborg AS3.8%32.6%641 MNOK
BERTEL O. Steen Ullevål AS3.7%34.6%926 MNOK
Gromstad Auto AS4.6%34.1%588 MNOK
Bilia Norge AS1.4%67.6%6,052 MNOK
Menarmo AS1.9%58.3%560 MNOK
Toyota Sør AS5.1%25.0%684 MNOK
Jæger Automobil AS2.7%39.5%1,039 MNOK
Sulland Tromsø AS3.4%30.1%621 MNOK
WIST LAST & Buss AS8.1%24.6%1,313 MNOK
Sulland Lier AS3.3%27.6%556 MNOK
Toyota Asker og Bærum AS3.5%25.0%833 MNOK
Bilbutikk 1 AS1.0%37.7%1,024 MNOK
BERTEL O. Steen Lørenskog AS1.2%29.4%2,086 MNOK
BERTEL O. Steen Vestfold og Telemark AS1.5%26.5%1,080 MNOK
Toyota Buskerud AS3.4%25.0%974 MNOK
Motor-Trade AS2.1%30.5%1,017 MNOK
Bertel O Steen Østfold AS0.9%31.1%975 MNOK
BERTEL O. Steen Trøndelag AS−1.6%54.5%686 MNOK
Nordic Last og Buss AS6.5%23.1%694 MNOK
Kolumbus AS0.5%43.9%2,314 MNOK
Volmax AS3.0%30.1%1,399 MNOK
Bertel O Steen Asker og Bærum AS1.5%31.8%1,131 MNOK
BERTEL O. Steen Innlandet AS0.3%40.3%732 MNOK
Naf AS0.5%69.5%535 MNOK
Toyota Oslo AS2.1%25.0%1,761 MNOK
BERTEL O. Steen Bergen AS0.6%30.5%1,291 MNOK
Andresen Bil AS−0.1%31.0%763 MNOK
Nor Tekstil AS12.9%19.6%1,752 MNOK
Kverneland Bil Vest AS−0.4%40.4%520 MNOK
Gumpens Auto Vest AS3.4%20.0%771 MNOK
Sven Kvia AS2.0%20.0%538 MNOK
Volvo Norge AS3.7%12.5%2,349 MNOK
Frydenbø Bil Ålesund AS3.5%15.4%666 MNOK
Agder Kollektivtrafikk AS−3.0%32.3%1,025 MNOK
Melhus Bil Trondheim AS−0.3%33.2%548 MNOK
Møller Bil Øst AS1.6%15.2%3,180 MNOK
Nordvik AS1.1%20.0%1,556 MNOK
Møller Bil Vestfold AS3.0%15.1%1,228 MNOK
Auto 8-8 Ålesund AS0.5%21.6%562 MNOK
Møller Bil Sør-Rogaland AS1.8%15.2%1,770 MNOK
Norsk Scania AS12.4%5.8%7,100 MNOK
Bil-Service AS−0.9%28.2%1,376 MNOK
Frydenbø Bil Asv AS2.2%15.0%803 MNOK
Fjellinjen AS91.7%3.0%4,526 MNOK
Møller Bil Innlandet AS1.0%15.2%1,998 MNOK
Møller Bil Bergen AS1.4%15.0%2,068 MNOK
Gumpens Auto Grenland AS0.4%20.0%673 MNOK
Ruter AS−0.4%21.4%12,191 MNOK
BERTEL O. Steen Drammen AS−1.6%24.1%870 MNOK
Ferde AS93.7%0.2%4,420 MNOK
Erik Arnesen Helsfyr AS−1.4%16.9%513 MNOK
Møller Bil Haugesund AS0.9%15.2%606 MNOK
Møller Bil Vest AS−0.5%16.7%2,808 MNOK
Birger N Haug AS−2.2%22.2%2,838 MNOK
Kverneland Bil AS0.0%20.1%2,189 MNOK
Team Verksted AS4.6%4.9%634 MNOK
BERTEL O. Steen Agder AS0.1%12.2%756 MNOK
Vegfinans E18 Vestfold AS27.0%0.0%640 MNOK
Frydenbø Bil Vpl AS0.1%15.0%2,427 MNOK
Atb AS−0.5%12.8%2,819 MNOK
Carglass AS1.2%11.2%626 MNOK
Røhneselmer AS0.2%8.3%1,839 MNOK
Fiskeri- og Havbruksnæringens Forskningsfinansiering AS−3.8%5.8%518 MNOK
Formula Automobile Norge AS−0.6%7.3%509 MNOK
Helseplattformen AS−10.1%−11.8%772 MNOK

Holding and investment companies · 2023

81 companies in the sector are holding or investment companies. They are kept out of the ranking above, since revenue, margins and growth say little about a company that lives from ownership. They are ranked on their own here: 27 have at least 10 MNOK in assets and are listed.

Holding and investment companies
RankCompanyScore Equity ratioReturn on assetsCurrent ratioTotal assets
1Bml Holding AS83 99.3%17.6% 115.9034 MNOK
2Monte Holding AS82 98.4%22.3% 47.8911 MNOK
3Pmh Holding AS68 91.5%21.7% 7.5912 MNOK
4Jay O Invest AS65 93.3%11.8% 12.59200 MNOK
5Kork Holding AS63 83.6%23.1% 3.1818 MNOK
6Svendsen Eksos Holding AS63 100.0%−0.2% 912.2529 MNOK
7Welhaven Jr Holding AS61 70.2%58.3% 3.1318 MNOK
8Hd-Holding AS61 97.5%1.7% 17.2415 MNOK
9Andøy Energi Holding AS58 96.0%1.8% 5.17251 MNOK
10Idar Dahl Holding AS57 71.7%29.5% 2.8313 MNOK
11Norsvin Invest AS55 100.0%−0.4% 45.4915 MNOK
12Swimming Holding AS54 99.0%1.1% 1.7524 MNOK
13Batteri Elektro Holding AS54 49.0%29.8% 3.4415 MNOK
14Cattor Holding AS52 60.4%52.5% 1.2423 MNOK
15Jon Borge Holding AS52 91.9%0.2% 474.9812 MNOK
16Dahle Holding AS52 90.5%7.1% 3.21148 MNOK
17Klipperiet Holding AS50 82.5%13.6% 2.8293 MNOK
18B. Johansen Holding AS48 95.4%0.0% 12.5748 MNOK
19Bjørndalen Invest AS48 82.6%15.6% 0.4054 MNOK
20Motor-Trade Holding AS47 85.9%11.4% 1.07124 MNOK
Show all 27
RankCompanyScoreTotal assets
21Beth's Beauty Holding AS40179 MNOK
22Storbilvasken Holding AS4014 MNOK
23Auto 8-8 Holding AS3294 MNOK
24Kverneland Investering AS28525 MNOK
25Egrøb Holding AS1811 MNOK
26Langørgen Holding AS1222 MNOK
27Steinkjer Bil Holding AS1020 MNOK

Score 0–100 against the other holding companies in the sector: equity ratio 40 %, return on assets 40 % and current ratio 20 %. Methodology

In our articles

All articles

Scenario analysis: the sector's weakest year

The sector's weakest year was 2022, with a median operating margin of −0.2%.

Based on the 9 fiscal years we have. The analysis grows as more years are fetched or imported.

Fiscal yearMedian operating marginMedian equity ratio
2018––
2019––
2020––
2021––
2022 · weakest year−0.2%14.9%
20233.4%27.8%
20243.2%30.1%
20253.6%29.9%
20260.9%22.6%

In 2022, 5 ranked companies did better than the sector, 3 about the same and 7 weaker.

Held up best in 2022

  1. 1Villa Granli ASequity ratio 55.6%66.5%
  2. 2Service 24 ASequity ratio 62.5%17.4%
  3. 3Hadeland Bobil ASequity ratio 1.6%2.9%
  4. 4Vinderen Rens ASequity ratio 6.9%2.7%
  5. 5Skedsmo Lakk og Karosseri ASequity ratio 33.5%2.2%

Better than the sector: operating margin at or above the sector median and no loss or negative equity. Weaker: operating margin below the median and a loss or negative equity. Otherwise about the same as the sector. Methodology

Drivers in the sector

Interest rates, prices and exchange rates that shape the sector's year, next to the sector's median operating margin. The drivers are context and are not part of the index.

Consumer price index (indeks (2025 = 100))

Latest value: 104.0 (2026M09)

Consumer price index rose 3.0% in 2025; the sector's median operating margin rose 0.4 percentage points.

Consumer price index per year and the sector's median operating margin
Measure202120222023202420252026
Consumer price index, annual average84.389.294.197.0100.0102.9 (so far)
Change from the year before+3.5%+5.8%+5.5%+3.2%+3.0%+2.9%
Sector's median operating margin–−0.2%3.4%3.2%3.6%0.9%

Source: SSB (14710, CC BY 4.0). Source · fetched 3 November 2026

Policy rate (prosent)

Latest value: 4.50 (2026-10)

Policy rate fell 0.20 percentage points in 2025; the sector's median operating margin rose 0.4 percentage points.

Policy rate per year and the sector's median operating margin
Measure202120222023202420252026
Policy rate, annual average0.081.323.544.504.304.17 (so far)
Change from the year before−0.28 percentage points+1.24 percentage points+2.22 percentage points+0.96 percentage points−0.20 percentage points−0.12 percentage points
Sector's median operating margin–−0.2%3.4%3.2%3.6%0.9%

Source: Norges Bank (IR, NLOD 2.0). Source · fetched 3 November 2026

When policy rate fell in 2025, 888 of 1,663 ranked companies kept their operating margin at or above the year before. Among the largest: Norsk Scania AS (11.3% → 13.9%), Bilia Norge AS (2.1% → 2.9%), Ferde AS (93.8% → 94.1%), Fjellinjen AS (92.8% → 93.1%), Møller Bil Øst AS (1.9% → 2.2%).

We show the drivers and the margin side by side and claim no cause. Sensitivity per company is not computed until we have at least 10 years of accounts per company: with three years such figures are false precision.

The sector in Norway (SSB)

The whole industry as Statistics Norway counts it: every enterprise, not only the limited companies we rank. Use these figures as background for the ranking above.

Enterprises, employment and turnover · 2024

Enterprises
18,232
+2.1% from 2023
Persons employed
29,837
+1.8% from 2023
Turnover
NOK 27.1 bn
+6.5% from 2023
Gross operating margin
17.9%
Gross operating surplus divided by turnover

All enterprises, sole proprietorships included. The table has no figures for 84, 94, 97, 98, 99.

Bankruptcies in the industry

88 enterprise bankruptcies in the last four quarters (2025K4–2026K3). Change −11.1% against the four quarters before (99).

242024K4342025K1272025K2142025K3142025K4202026K1272026K2272026K3

Source: Statistics Norway (SSB), table 12910, table 10790. CC BY 4.0. Our industry codes (SN2025) are linked to SSB’s (SN2007) with SSB’s correspondence table in Klass.

Latest bankruptcies and liquidations

  • Pigment AS 925176958 Bankruptcy · 2 November 2026 · 2 MNOK (2024)
  • Didi AS 923592555 Voluntary liquidation · 31 October 2026 · 0 MNOK (2025)
  • Frisør Kjersti AS 926661132 Voluntary liquidation · 31 October 2026 · 1 MNOK (2025)
  • Frisørstugu AS 985278601 Voluntary liquidation · 31 October 2026 · 1 MNOK (2025)
  • Kaira AS 999019870 Voluntary liquidation · 31 October 2026 · 0 MNOK (2025)
  • Kur Frisør AS 925695823 Voluntary liquidation · 31 October 2026 · 1 MNOK (2025)
  • Marias Velvære AS 998744180 Voluntary liquidation · 31 October 2026 · 0 MNOK (2025)
  • Nyseth Bilverksted AS 899608402 Voluntary liquidation · 31 October 2026 · 2 MNOK (2025)

All bankruptcies and liquidations in the sector

Industry codes (NACE)

CodeDescription
84*Hele hovedgruppe 84
84.110Generell offentlig administrasjon
84.120Offentlig administrasjon tilknyttet helsestell, undervisning, kultur og annen sosial virksomhet
84.130Offentlig administrasjon tilknyttet næringsvirksomhet og arbeidsmarked
84.220Forsvarsaktiviteter
84.250Brannvernaktiviteter
94*Hele hovedgruppe 94
94.110Aktiviteter i næringslivs- og arbeidsgiverorganisasjoner
94.120Aktiviteter i yrkessammenslutninger
94.200Aktiviteter i arbeidstakerorganisasjoner
94.910Aktiviteter i religiøse organisasjoner
94.920Aktiviteter i partipolitiske organisasjoner
94.991Aktiviteter i fond/legat som støtter veldedige og allmennyttige formål
94.992Aktiviteter i andre medlemsorganisasjoner ellers
95*Hele hovedgruppe 95
95.100Reparasjon og vedlikehold av datamaskiner og kommunikasjonsutstyr
95.210Reparasjon og vedlikehold av elektronikk til husholdningsbruk
95.220Reparasjon og vedlikehold av husholdningsvarer og hageredskaper
95.230Reparasjon og vedlikehold av skotøy og lærvarer
95.240Reparasjon og vedlikehold av møbler og boliginnredning
95.250Reparasjon og vedlikehold av ur, klokker og smykker
95.290Reparasjon og vedlikehold av andre husholdningsvarer og varer til personlig bruk ikke nevnt annet sted
95.310Reparasjon og vedlikehold av motorvogner
95.320Reparasjon og vedlikehold av motorsykler
95.400Formidlingstjenester tilknyttet reparasjon og vedlikehold av datamaskiner, husholdningsvarer og varer til personlig bruk, og motorvogner og motorsykler
96*Hele hovedgruppe 96
96.100Vaskeri- og renserivirksomhet
96.210Frisering og barbering
96.220Skjønnhetspleie
96.230Aktiviteter i dagspa, badstue og dampbad
96.300Begravelsesbyråvirksomhet og lignende tjenester
96.400Formidlingstjenester tilknyttet personlig tjenesteyting
96.910Personlig tjenesteyting i husholdninger
96.990Andre personlige tjenester ikke nevnt annet sted
97*Hele hovedgruppe 97
97.001Aktiviteter i borettslag og boligsameier
98*Hele hovedgruppe 98
99*Hele hovedgruppe 99