Bergverk og utvinning
FollowDownload sector report (PDF)1 companies ranked against comparable companies in four Morning company classes. Fiscal year 2022. Source: Brønnøysund Register Centre. Methodology
Ranking · 2022 · Morning class Small
Too few companies in this class (1, at least 10 needed) for a ranking of its own. They are compared with the whole sector.
| # | Company | Score | Change |
|---|---|---|---|
| 1 | A. Storhaug AS | 50 | – |
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 Small
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 · 2022 · Morning class Small
Combined profit before tax for the 1 ranked companies: 0 MNOK.
Highest revenue
- A. Storhaug AS 39 MNOK
Operating revenue.
Highest operating margin
- A. Storhaug AS 0.1%
Operating result divided by operating revenue.
Largest profit
No company meets the requirement this year.
Profit before tax.
Largest loss
- A. Storhaug AS 0 MNOK
Profit before tax, the largest negative.
Most solid
- A. Storhaug AS 20.0%
Equity ratio: equity divided by total assets.
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.
Most employees
Employees according to the Central Coordinating Register.
Highest revenue per employee
- A. Storhaug AS 2.8 MNOK
Only companies with at least 5 employees.
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.
Positions in the sector · 2022 · Morning class Small
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.
Too few ranked companies to draw the map.
Summary · fiscal year 2022 · Morning class Small
The sector's median operating margin is 0.1%. 0 of 2 companies have negative equity. The median equity ratio is 20.0%.
All figures are for fiscal year 2022. Ranked: 1 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 Small
Climbers need at least two fiscal years. They appear once next year's accounts are fetched or history is imported.
Awards · 2022 · Morning class Small
Needs attention · 2022 · Morning class Small
2 companies show at least one warning sign. Showing the 2 most important.
- watchA. Storhaug ASCurrent ratio below 1 (0.78) · Loss before tax
- watchMR. Pukk Øst ASLoss before tax
Sector map · 2022 · Morning class Small
Too few ranked companies to draw the map.
Scenario analysis: the sector's weakest year
The sector's weakest year was 2022, with a median operating margin of 0.1%.
Based on the 4 fiscal years we have. The analysis grows as more years are fetched or imported.
| Fiscal year | Median operating margin | Median equity ratio |
|---|---|---|
| 2022 · weakest year | 0.1% | 20.0% |
| 2023 | 7.5% | 39.4% |
| 2024 | 7.9% | 42.9% |
| 2025 | 6.5% | 41.4% |
In 2022, 0 ranked companies did better than the sector, 1 about the same and 0 weaker.
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.
USD/NOK (kr)
USD/NOK fell 3.3% in 2025; the sector's median operating margin fell 1.4 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| USD/NOK, annual average | 8.59 | 9.61 | 10.56 | 10.75 | 10.39 | 9.54 (so far) |
| Change from the year before | −8.8% | +11.9% | +9.9% | +1.7% | −3.3% | −8.2% |
| Sector's median operating margin | – | 0.1% | 7.5% | 7.9% | 6.5% | – |
Source: Norges Bank (EXR, NLOD 2.0). Source · fetched 1 November 2026
EUR/NOK (kr)
EUR/NOK rose 0.8% in 2025; the sector's median operating margin fell 1.4 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| EUR/NOK, annual average | 10.16 | 10.10 | 11.42 | 11.62 | 11.72 | 11.04 (so far) |
| Change from the year before | −5.2% | −0.6% | +13.1% | +1.8% | +0.8% | −5.8% |
| Sector's median operating margin | – | 0.1% | 7.5% | 7.9% | 6.5% | – |
Source: Norges Bank (EXR, NLOD 2.0). Source · fetched 1 November 2026
Policy rate (prosent)
Policy rate fell 0.20 percentage points in 2025; the sector's median operating margin fell 1.4 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Policy rate, annual average | 0.08 | 1.32 | 3.54 | 4.50 | 4.30 | 4.14 (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 | −0.16 percentage points |
| Sector's median operating margin | – | 0.1% | 7.5% | 7.9% | 6.5% | – |
Source: Norges Bank (IR, NLOD 2.0). Source · fetched 1 November 2026
When USD/NOK fell in 2025, 47 of 90 ranked companies kept their operating margin at or above the year before. Among the largest: Sibelco Nordic AS (10.1% → 17.1%), Franzefoss Minerals AS (11.5% → 11.8%), Franzefoss Pukk AS (−3.3% → −1.4%), Gunnar Holth Grusforretning AS (5.5% → 7.1%), Feiring Bruk AS (−6.9% → −6.2%).
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
- 1,025
- −2.8% from 2023
All enterprises, sole proprietorships included. SSB withholds some figures for confidentiality. The figure then shows the latest year with every value, and the year is given beside it.
Bankruptcies in the industry
5 enterprise bankruptcies in the last four quarters (2025K4–2026K3). Change +150.0% against the four quarters before (2). That is about 4.9 per 1,000 enterprises.
Foreign-controlled enterprises · 2024
- Share of enterprises
- 13.5%
- Share of persons employed
- 47.2%
- Share of turnover
- –
SSB publishes this for groups of industries only. The figures are for the group “Olje- og gassutvinning og bergverksdrift”. A dash means SSB withholds the figure.
Production index · Bergverksdrift
93.8 index, 2021 = 100, seasonally adjusted · 2026M08
−0.4% against 2025M08.
Monthly, 2023M08 to 2026M08.
Source: Statistics Norway (SSB), table 12910, table 10790, table 08085, table 07095. 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
- MØLLENG MASKIN & Pukk AS 876081172 Voluntary liquidation · 19 October 2026 · 0 MNOK (2025)
- Aco Pukk AS 923116710 Voluntary liquidation · 16 October 2026 · 0 MNOK (2025)
- MR. Pukk Øst AS 914385083 Bankruptcy · 15 October 2026 · 28 MNOK (2024)
- Ascent Graphite AS 928132250 Forced dissolution · 6 October 2026
- Ordalen AS 990650578 Voluntary liquidation · 5 October 2026 · 1 MNOK (2025)
- Norsk Uteservice AS 930795224 Bankruptcy · 8 September 2026 · 0 MNOK (2024)
- Brickstep AS 935247020 Voluntary liquidation · 22 July 2026
- B&G Stein AS 827398292 Bankruptcy · 16 March 2026
Industry codes (NACE)
| Code | Description |
|---|---|
| 05* | Hele hovedgruppe 05 |
| 05.100 | Bryting av steinkull |
| 07* | Hele hovedgruppe 07 |
| 07.100 | Bryting av jernmalm |
| 07.290 | Bryting av ikke-jernholdig malm ellers |
| 08* | Hele hovedgruppe 08 |
| 08.110 | Bryting av dekorstein, kalkstein, gips, skifer og annen stein |
| 08.120 | Utvinning fra grus- og sandtak, og utvinning av leire og kaolin |
| 08.910 | Bryting og utvinning av kjemiske mineraler og gjødselmineraler |
| 08.920 | Stikking av torv |
| 08.930 | Utvinning av salt |
| 08.990 | Annen bryting og utvinning ikke nevnt annet sted |
| 09* | Hele hovedgruppe 09 |
| 09.900 | Tjenester tilknyttet annen bergverksdrift |