Sector

Annen tjenesteyting

1,663 companies ranked against comparable companies in four Morning company classes. Fiscal year 2024. Source: Brønnøysund Register Centre. Methodology

Morning company class

Morning company classes are our own division by revenue, not an official standard: Micro NOK 1m–10 MNOK, Small 10 MNOK–50 MNOK, Medium 50 MNOK–500 MNOK, Large from 500 MNOK. Companies are ranked only against others in the same class, and every figure below is for the class you have chosen. What are Morning company classes?

Ranking · 2024 · Morning class Large

Morning class Large · 2024
#	Company	Profile	Score	Change
1	Werksta Norway AS	Leader	76	+47
2	Jæger Automobil AS	Leader	73	+2
3	Naf AS	Leader	73	+14
4	Elis Norge AS	Leader	72	−16
5	Onitio Norge AS	Steward	71	−6
6	Menarmo AS	Leader	71	−3
7	Toyota Sør AS	Leader	69	−3
8	WIST LAST & Buss AS	Sprinter	69	+1
9	Dahles Auto Sarpsborg AS	Leader	68	−12
10	BERTEL O. Steen Ullevål AS	Leader	67	−13
11	Nordic Last og Buss AS	Sprinter	66	+6
12	Nardo Bil AS	Leader	64	−18
13	Volmax AS	Leader	64	+4
14	Toyota Asker og Bærum AS	Leader	63	−3
15	Gromstad Auto AS	Leader	62	−16
16	Nor Tekstil AS	Sprinter	61	+7
17	Bilbutikk 1 AS	Leader	61	−4
18	Bertel O Steen Asker og Bærum AS	Leader	61	+2
19	Dahles Auto Fredrikstad AS	Leader	60	−29
20	Sulland Tromsø AS	Leader	59	−10
21	Bilia Norge AS	Steward	59	−17
22	BERTEL O. Steen Innlandet AS	Steward	58	−1
23	Toyota Buskerud AS	Leader	57	−4
24	Volvo Norge AS	Sprinter	56	+6
25	Toyota Oslo AS	Leader	55	−3
26	Sven Kvia AS	Sprinter	55	+4
27	Møller Bil Vestfold AS	Sprinter	52	+10
28	Yes-EU AS	Sprinter	52	+8
29	Bertel O Steen Rogaland AS	Leader	51	−31
30	Møller Bil Bergen AS	Sprinter	51	+14
31	Møller Bil Haugesund AS	Sprinter	51	+20
32	BERTEL O. Steen Lørenskog AS	Steward	51	−12
33	Ruter AS	Steward	50	+15
34	BERTEL O. Steen Bergen AS	Steward	50	−6
35	Gumpens Auto Vest AS	Sprinter	49	−2
36	Motor-Trade AS	Steward	49	−12
37	BERTEL O. Steen Trøndelag AS	Steward	49	−12
38	Norsk Scania AS	Sprinter	49	+9
39	Kolumbus AS	Steward	48	−12
40	Agder Kollektivtrafikk AS	Steward	48	−1
41	Bertel O Steen Østfold AS	Steward	48	−13
42	Kverneland Bil Vest AS	Builder	47	−6
43	Møller Bil Øst AS	Sprinter	47	+1
44	Fjellinjen AS	Sprinter	47	+8
45	Frydenbø Bil Vpl AS	Sprinter	46	+23
46	Møller Bil Innlandet AS	Builder	45	+7
47	Frydenbø Bil Asv AS	Sprinter	44	+5
48	Ferde AS	Sprinter	44	+10
49	Møller Bil Vest AS	Builder	43	+14
50	Bil-Service AS	Steward	43	+4

Download as CSV (opens in Excel)

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

Bertel O Steen Rogaland AS
From 2023 to 2024: the equity ratio fell from 48.3% to 33.6% and revenue fell by 20%.
−31
Dahles Auto Fredrikstad AS
From 2023 to 2024: the equity ratio fell from 43.0% to 34.3%.
−29
BERTEL O. Steen Vestfold og Telemark AS
From 2023 to 2024: went from a profit to a loss before tax and revenue fell by 18%.
−28
Nordvik AS
From 2023 to 2024: went from a profit to a loss before tax and revenue fell by 11%.
−23

Top lists in the sector · 2024 · Morning class Large

The five largest companies account for 33% of the sector's revenue. Combined profit before tax for the 69 ranked companies: 9,966 MNOK.

Size

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

Highest revenue

Ruter AS 12,884 MNOK
Norsk Scania AS 8,546 MNOK
Bilia Norge AS 5,542 MNOK
Fjellinjen AS 4,680 MNOK
Ferde AS 4,661 MNOK

Operating revenue.

Most employees

Nor Tekstil AS 1,648
Norsk Scania AS 1,343
Bilia Norge AS 781
Elis Norge AS 548
Naf AS 456

Employees according to the Central Coordinating Register.

Highest revenue per employee

Fjellinjen AS 156.0 MNOK
Ferde AS 119.5 MNOK
Ruter AS 30.5 MNOK
Kolumbus AS 30.0 MNOK
Atb AS 23.6 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

Ferde AS 93.8%
Fjellinjen AS 92.8%
Vegfinans E18 Vestfold AS 27.3%
Nor Tekstil AS 11.9%
Elis Norge AS 11.8%

Operating result divided by operating revenue.

Largest profit

Fjellinjen AS 4,252 MNOK
Ferde AS 3,572 MNOK
Norsk Scania AS 973 MNOK
Ruter AS 174 MNOK
Nor Tekstil AS 133 MNOK

Profit before tax.

Largest loss

Helseplattformen AS −271 MNOK
Røhneselmer AS −120 MNOK
Kolumbus AS −82 MNOK
Kverneland Bil AS −48 MNOK
BERTEL O. Steen Trøndelag AS −22 MNOK

Profit before tax, the largest negative.

Most solid

Onitio Norge AS 73.1%
Naf AS 71.0%
Bilia Norge AS 62.6%
Elis Norge AS 57.0%
BERTEL O. Steen Trøndelag AS 54.8%

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

Yes-EU AS +354.1%
Werksta Norway AS +353.0%
Kverneland Bil Vest AS +105.4%
Menarmo AS +78.2%
Helseplattformen AS +51.0%

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

Largest revenue decline

BERTEL O. Steen Ullevål AS −30.4%
Motor-Trade AS −28.6%
BERTEL O. Steen Drammen AS −23.7%
Bertel O Steen Asker og Bærum AS −23.7%
Bertel O Steen Rogaland AS −20.4%

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

Biggest climbers

Frydenbø Bil Vpl AS +22.9 points
Helseplattformen AS +20.8 points
Møller Bil Haugesund AS +19.7 points
Ruter AS +14.7 points
Møller Bil Bergen AS +14.4 points

Change in index points from the year before.

Biggest fallers

Bertel O Steen Rogaland AS −30.9 points
Dahles Auto Fredrikstad AS −28.3 points
BERTEL O. Steen Vestfold og Telemark AS −27.6 points
Nordvik AS −22.7 points
Nardo Bil AS −18.3 points

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 · 2024 · 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.

Bubble size shows relative revenue, not exact figures. Dashed lines show where the 5 companies that moved most stood in 2023 (small ring).

Frydenbø Bil Vpl AS profitability 24 → 88, solidity 19 → 24
Kverneland Bil Vest AS profitability 15 → 49, solidity 87 → 42
BERTEL O. Steen Vestfold og Telemark AS profitability 53 → 10, solidity 59 → 47
Kolumbus AS profitability 35 → 1, solidity 90 → 91
Nordvik AS profitability 46 → 14, solidity 39 → 33

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

Company	Profile	Profitability	Solidity	In 2023 (profitability / solidity)
Fjellinjen AS	Cheetah	99	4	99 / 4
Toyota Sør AS	Lion	93	53	93 / 56
Ferde AS	Cheetah	92	2	90 / 2
WIST LAST & Buss AS	Cheetah	91	50	92 / 51
Møller Bil Vestfold AS	Cheetah	90	20	76 / 23
Norsk Scania AS	Cheetah	89	7	90 / 8
Frydenbø Bil Vpl AS	Cheetah	88	24	24 / 19
Nordic Last og Buss AS	Cheetah	88	48	82 / 48
Toyota Buskerud AS	Lion	84	59	75 / 57
Yes-EU AS	Cheetah	84	8	–
Gumpens Auto Vest AS	Cheetah	84	38	81 / 36
Elis Norge AS	Lion	83	96	89 / 97
Werksta Norway AS	Lion	80	88	–
BERTEL O. Steen Ullevål AS	Lion	79	84	88 / 81
Jæger Automobil AS	Lion	77	93	68 / 84
Frydenbø Bil Asv AS	Cheetah	77	23	65 / 20
Gromstad Auto AS	Lion	76	67	90 / 79
Toyota Asker og Bærum AS	Lion	73	60	79 / 53
Volmax AS	Lion	71	72	62 / 64
Nor Tekstil AS	Cheetah	69	36	73 / 35
Volvo Norge AS	Cheetah	67	17	74 / 16
Dahles Auto Sarpsborg AS	Lion	66	81	86 / 76
Møller Bil Haugesund AS	Cheetah	65	30	40 / 26
Dahles Auto Fredrikstad AS	Lion	65	78	90 / 88
Bertel O Steen Rogaland AS	Lion	65	75	71 / 91
Vegfinans E18 Vestfold AS	Cheetah	65	1	65 / 1
Sven Kvia AS	Cheetah	63	41	60 / 41
Team Verksted AS	Cheetah	63	5	62 / 5
Menarmo AS	Lion	60	82	49 / 96
Sulland Tromsø AS	Lion	60	66	76 / 66
Frydenbø Bil Ålesund AS	Cheetah	60	19	84 / 30
Møller Bil Bergen AS	Cheetah	59	27	54 / 21
Bilbutikk 1 AS	Lion	53	76	38 / 82
Nardo Bil AS	Lion	52	87	62 / 93
Naf AS	Lion	51	99	46 / 100
Toyota Oslo AS	Lion	51	56	60 / 54
Møller Bil Øst AS	Cheetah	51	29	51 / 27
Bertel O Steen Asker og Bærum AS	Lion	50	85	51 / 73
Kverneland Bil Vest AS	Beaver	49	42	15 / 87
Møller Bil Sør-Rogaland AS	Beaver	48	26	61 / 29
Motor-Trade AS	Elephant	43	70	65 / 67
Onitio Norge AS	Elephant	43	100	–
Møller Bil Innlandet AS	Beaver	42	21	41 / 24
Bilia Norge AS	Elephant	40	97	43 / 99
BERTEL O. Steen Bergen AS	Elephant	40	64	34 / 69
Auto 8-8 Ålesund AS	Beaver	40	44	28 / 45
Ruter AS	Elephant	32	54	20 / 44
Møller Bil Vest AS	Beaver	30	35	12 / 32
Melhus Bil Trondheim AS	Elephant	30	69	18 / 78
Gumpens Auto Grenland AS	Beaver	28	39	29 / 38

The sector in numbers

Summary · fiscal year 2024 · Morning class Large

The sector's median operating margin is 2.4%. 1 of 69 companies have negative equity. The median equity ratio is 25.9%.

Companies with accounts69

Total revenue111,688 MNOK

Median operating margin2.4%

Median equity ratio25.9%

Share with a loss23%

Share with negative equity1%

All figures are for fiscal year 2024. Ranked: 69 operating companies. Holding companies, excluded companies and companies without enough data are shown but not ranked. How to read the index

Climbers and fallers · Morning class Large

Change in rank from 2023 to 2024, for 65 companies ranked in both years.

Climbers

25Naf ASfrom rank 28 to 373
25Møller Bil Haugesund ASfrom rank 56 to 3151
20Møller Bil Bergen ASfrom rank 50 to 3051
19Ruter ASfrom rank 52 to 3350
18Frydenbø Bil Vpl ASfrom rank 63 to 4546

Fallers

44BERTEL O. Steen Vestfold og Telemark ASfrom rank 18 to 6234
27Nordvik ASfrom rank 41 to 6820
26Bertel O Steen Rogaland ASfrom rank 3 to 2951
20Bertel O Steen Østfold ASfrom rank 21 to 4148
19Frydenbø Bil Ålesund ASfrom rank 37 to 5639

Awards · 2024 · Morning class Large

Most profitableFerde AS93.8%

Fastest growthYes-EU AS354.1%

Strongest balance sheetOnitio Norge AS73.1%

Largest revenueRuter AS12,884 MNOK

Highest revenue per employeeFjellinjen AS156.0 MNOK

Needs attention · 2024 · Morning class Large

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

criticalHelseplattformen ASNegative equity · Loss before tax
watchNorsk Scania ASVery low equity ratio (5.3%) · Current ratio below 1 (0.97)
watchFjellinjen ASVery low equity ratio (3.1%) · Current ratio below 1 (0.21)
watchFerde ASVery low equity ratio (0.2%) · Current ratio below 1 (0.43)
watchYes-EU ASVery low equity ratio (5.8%) · Current ratio below 1 (0.99)
watchNordvik ASCurrent ratio below 1 (0.98) · Loss before tax
watchTeam Verksted ASVery low equity ratio (4.9%) · Current ratio below 1 (0.91)
watchCarglass ASCurrent ratio below 1 (0.76) · Loss before tax
watchVegfinans E18 Vestfold ASVery low equity ratio (0.0%) · Current ratio below 1 (0.63)
watchBERTEL O. Steen Agder ASVery low equity ratio (7.9%) · Loss before tax
watchBirger N Haug ASLoss before tax
watchKolumbus ASLoss before tax
watchRøhneselmer ASLoss before tax
watchBERTEL O. Steen Lørenskog ASLoss before tax
watchKverneland Bil ASLoss before tax

Sector map · 2024 · 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.

Show the map's figures as a table

Company	Operating margin	Equity ratio	Revenue
Werksta Norway AS	4.3%	45.4%	530 MNOK
Jæger Automobil AS	3.0%	52.9%	947 MNOK
Naf AS	2.2%	71.0%	607 MNOK
Elis Norge AS	11.8%	57.0%	868 MNOK
Onitio Norge AS	2.3%	73.1%	522 MNOK
Menarmo AS	2.8%	40.5%	998 MNOK
Toyota Sør AS	6.5%	26.2%	721 MNOK
WIST LAST & Buss AS	7.9%	25.9%	1,441 MNOK
Dahles Auto Sarpsborg AS	2.8%	40.0%	587 MNOK
BERTEL O. Steen Ullevål AS	2.9%	41.8%	644 MNOK
Nordic Last og Buss AS	7.8%	25.0%	830 MNOK
Nardo Bil AS	2.8%	44.2%	1,001 MNOK
Volmax AS	3.2%	33.2%	1,435 MNOK
Toyota Asker og Bærum AS	2.8%	28.4%	834 MNOK
Gromstad Auto AS	3.3%	30.7%	569 MNOK
Nor Tekstil AS	11.9%	19.6%	1,985 MNOK
Bilbutikk 1 AS	2.6%	33.7%	1,055 MNOK
Bertel O Steen Asker og Bærum AS	1.6%	43.2%	863 MNOK
Dahles Auto Fredrikstad AS	2.8%	34.3%	590 MNOK
Sulland Tromsø AS	2.6%	29.7%	653 MNOK
Bilia Norge AS	2.1%	62.6%	5,542 MNOK
BERTEL O. Steen Innlandet AS	0.6%	45.6%	690 MNOK
Toyota Buskerud AS	3.6%	27.4%	884 MNOK
Volvo Norge AS	5.3%	12.5%	2,707 MNOK
Toyota Oslo AS	2.1%	27.0%	1,731 MNOK
Sven Kvia AS	2.5%	20.1%	602 MNOK
Møller Bil Vestfold AS	5.2%	15.0%	1,353 MNOK
Yes-EU AS	8.7%	5.8%	1,536 MNOK
Bertel O Steen Rogaland AS	2.8%	33.6%	689 MNOK
Møller Bil Bergen AS	2.4%	15.2%	2,029 MNOK
Møller Bil Haugesund AS	2.6%	15.9%	558 MNOK
BERTEL O. Steen Lørenskog AS	0.0%	34.7%	1,853 MNOK
Ruter AS	0.6%	26.9%	12,884 MNOK
BERTEL O. Steen Bergen AS	1.4%	29.6%	1,125 MNOK
Gumpens Auto Vest AS	3.4%	20.0%	690 MNOK
Motor-Trade AS	1.7%	32.3%	726 MNOK
BERTEL O. Steen Trøndelag AS	−3.0%	54.8%	606 MNOK
Norsk Scania AS	11.3%	5.3%	8,546 MNOK
Kolumbus AS	−4.5%	50.3%	2,277 MNOK
Agder Kollektivtrafikk AS	−2.1%	33.5%	1,121 MNOK
Bertel O Steen Østfold AS	0.1%	29.3%	804 MNOK
Kverneland Bil Vest AS	2.6%	20.1%	1,067 MNOK
Møller Bil Øst AS	1.9%	15.6%	3,160 MNOK
Fjellinjen AS	92.8%	3.1%	4,680 MNOK
Frydenbø Bil Vpl AS	4.9%	15.1%	2,318 MNOK
Møller Bil Innlandet AS	1.6%	15.0%	2,020 MNOK
Frydenbø Bil Asv AS	2.7%	15.1%	742 MNOK
Ferde AS	93.8%	0.2%	4,661 MNOK
Møller Bil Vest AS	0.8%	18.6%	2,783 MNOK
Bil-Service AS	0.3%	26.1%	1,733 MNOK
Melhus Bil Trondheim AS	1.4%	31.2%	519 MNOK
Auto 8-8 Ålesund AS	1.9%	21.3%	541 MNOK
Team Verksted AS	6.4%	4.9%	756 MNOK
Birger N Haug AS	0.1%	27.2%	2,726 MNOK
BERTEL O. Steen Drammen AS	−1.0%	29.0%	663 MNOK
Frydenbø Bil Ålesund AS	2.7%	15.0%	638 MNOK
Møller Bil Sør-Rogaland AS	1.9%	15.2%	1,600 MNOK
Gumpens Auto Grenland AS	0.6%	20.1%	675 MNOK
Vegfinans E18 Vestfold AS	27.3%	0.0%	694 MNOK
Atb AS	−0.7%	16.3%	3,065 MNOK
Tet Digital AS	−0.8%	22.5%	750 MNOK
BERTEL O. Steen Vestfold og Telemark AS	−0.9%	22.7%	890 MNOK
Helseplattformen AS	−12.3%	−19.2%	1,167 MNOK
Fiskeri- og Havbruksnæringens Forskningsfinansiering AS	−7.6%	6.3%	528 MNOK
BERTEL O. Steen Agder AS	−0.5%	7.9%	615 MNOK
Carglass AS	−0.5%	10.7%	713 MNOK
Røhneselmer AS	−4.0%	10.1%	2,182 MNOK
Nordvik AS	−0.7%	17.8%	1,390 MNOK
Kverneland Bil AS	−1.2%	11.9%	1,780 MNOK

Holding and investment companies · 2024

88 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
Rank	Company	Score	Equity ratio	Return on assets	Current ratio	Total assets
1	Welhaven Jr Holding AS	76	91.9%	33.8%	11.28	19 MNOK
2	Jay O Invest AS	69	95.2%	12.7%	18.61	222 MNOK
3	Bml Holding AS	66	99.2%	3.8%	101.39	35 MNOK
4	Hd-Holding AS	66	95.9%	7.8%	10.73	16 MNOK
5	Swimming Holding AS	64	99.8%	5.4%	6.85	25 MNOK
6	Monte Holding AS	62	98.7%	3.3%	54.06	12 MNOK
7	Klipperiet Holding AS	62	92.2%	13.6%	1.99	92 MNOK
8	Kork Holding AS	61	95.5%	5.8%	10.40	16 MNOK
9	Cattor Holding AS	61	73.0%	51.5%	1.77	23 MNOK
10	Linda Maaseide Holding AS	60	54.2%	32.0%	245.49	11 MNOK
11	Idar Dahl Holding AS	58	83.9%	16.0%	5.00	13 MNOK
12	Norsvin Invest AS	55	99.9%	−0.5%	8.33	15 MNOK
13	Wester Capital AS	55	58.5%	60.1%	1.37	32 MNOK
14	Andøy Energi Holding AS	50	95.3%	2.7%	3.37	237 MNOK
15	Storslett Holding AS	49	94.1%	9.0%	0.27	13 MNOK
16	Bjørndalen Invest AS	48	84.1%	14.5%	0.36	54 MNOK
17	Jon Borge Holding AS	47	91.7%	1.1%	128.62	12 MNOK
18	Motor-Trade Holding AS	45	89.1%	8.4%	1.23	134 MNOK
19	Batteri Elektro Holding AS	45	40.6%	21.9%	1.57	19 MNOK
20	Beth's Beauty Holding AS	44	85.8%	13.0%	0.12	178 MNOK

Show all 27

Rank	Company	Score	Total assets
21	Storbilvasken Holding AS	43	16 MNOK
22	AJ Saltvedt Holding AS	35	10 MNOK
23	Dahle Holding AS	31	134 MNOK
24	Auto 8-8 Holding AS	28	95 MNOK
25	Steinkjer Bil Holding AS	27	29 MNOK
26	B. Johansen Holding AS	26	55 MNOK
27	Kverneland Investering AS	17	528 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

Finance earns 58.3% on operations; the typical Norwegian industry makes 5.7%No. 21 of 22 on median operating margin

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 year	Median operating margin	Median equity ratio
2018	–	–
2019	–	–
2020	–	–
2021	–	–
2022 · weakest year	−0.2%	14.9%
2023	3.4%	27.8%
2024	3.2%	30.1%
2025	3.6%	29.9%
2026	0.9%	22.6%

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

Held up best in 2022

1Villa Granli ASequity ratio 55.6%66.5%
2Service 24 ASequity ratio 62.5%17.4%
3Hadeland Bobil ASequity ratio 1.6%2.9%
4Vinderen Rens ASequity ratio 6.9%2.7%
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
Measure	2021	2022	2023	2024	2025	2026
Consumer price index, annual average	84.3	89.2	94.1	97.0	100.0	102.9 (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
Measure	2021	2022	2023	2024	2025	2026
Policy rate, annual average	0.08	1.32	3.54	4.50	4.30	4.17 (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).

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)

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