Sector

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2,171 companies ranked against comparable companies in four Morning company classes. Fiscal year 2024. Source: Brønnøysund Register Centre. Methodology

Ranking · 2024 · Morning class Large

Morning class Large · 2024
#CompanyProfileScoreChangeFive years
1 Anticimex A/S Leader 82 −8
2 Kiwi Minidrift AS Leader 77 −3
3 Coor Cleaning Catering and Property AS Leader 75 −8
4 Norsk Lastbærer Pool AS Leader 74 −5
5 Specsavers Norway AS Steward 69 –
6 Ses Energy AS Leader 69 +28
7 Autoplan AS Leader 68 +7
8 Polygon AS Leader 67 +30
9 Vend Marketplaces AS Sprinter 66 +18
10 Rental Group Norway AS Sprinter 64 +31
11 Agaia AS Leader 63 −1
12 Ramirent AS Leader 63 −4
13 Seadrill Norway Crew AS Leader 63 +24
14 Dovre Solutions AS Leader 63 +3
15 ISS Facility Services AS Leader 60 −5
16 Food Folk Norge AS Sprinter 60 −11
17 Coor Service Management AS Leader 60 +6
18 Dedicare AS Sprinter 59 −5
19 Avarn Security ASsubsidiary of Avarn Security Group AS Steward 58 +12
20 First Rent A Car Norway AS Sprinter 57 +10
21 4Service Eir Renhold AS Sprinter 56 +3
22 Utleiecompagniet AS Leader 56 −3
23 Yabimo Norge AS Sprinter 55 +18
24 ISS Service Management AS Steward 55 +3
25 REMA 1000 AS Sprinter 53 −6
26 Kredinor AS Steward 53 +15
27 Norwegian Crew Services AS Sprinter 52 +33
28 Arval AS Sprinter 50 +14
29 Manpower AS Steward 50 −10
30 Wex Europe Services AS Steward 49 0
31 Insider Facility Solutions AS Steward 49 −21
32 Grieg Shipping II AS Steward 49 −40
33 Ving Norge AS Sprinter 48 0
34 Norske Tog AS Leader 48 −3
35 Intrum AS Steward 48 −6
36 European Cruise Service AS Sprinter 48 −5
37 Drivalia Lease Norge AS Sprinter 48 +12
38 Ability FM AS Builder 47 +5
39 Ayvens Norge AS Sprinter 47 +6
40 Meny AS Steward 46 +12
41 Reitan Convenience Norway AS Steward 45 +7
42 EP Engros AS Steward 45 −12
43 Nes Advantage AS Builder 45 +18
44 Renta AS Steward 44 −9
45 Securitas AS Sprinter 44 +2
46 Ventor Energi Norge AS Steward 44 −23
47 REMA 1000 Norge AS Sprinter 43 +13
48 Verisure AS Sprinter 42 +3
49 3 Step IT AS Builder 42 +11
50 Scale Aquaculture Rental AS Builder 40 +4

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

  • Grieg Shipping II AS

    From 2023 to 2024: the operating margin fell from 19.9% to −2.6% and went from a profit to a loss before tax.

    −40
  • Securitas Technology AS

    From 2023 to 2024: went from a profit to a loss before tax and the operating margin fell from 3.4% to −7.0%.

    −39
  • Norwegian Crew Services AS

    From 2023 to 2024: the equity ratio rose from 0.2% to 20.7% and revenue grew by 24%.

    +33
  • Polygon AS

    From 2023 to 2024: the equity ratio rose from 24.2% to 34.2% and revenue grew by 15%.

    +30

Top lists in the sector · 2024 · Morning class Large

The five largest companies account for 27% of the sector's revenue. Combined profit before tax for the 63 ranked companies: 6,009 MNOK.

Size

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

Highest revenue

  1. ISS Facility Services AS 5,740 MNOK
  2. REMA 1000 Norge AS 5,360 MNOK
  3. Ayvens Norge AS 5,268 MNOK
  4. Ving Norge AS 4,347 MNOK
  5. Norwegian Crew Services AS 4,300 MNOK

Operating revenue.

Most employees

  1. ISS Facility Services AS 7,243
  2. Manpower AS 5,551
  3. Adecco Norge AS 5,358
  4. 4Service Eir Renhold AS 3,888
  5. Jobzone Norge AS 3,663

Employees according to the Central Coordinating Register.

Highest revenue per employee

  1. Wex Europe Services AS 102.3 MNOK
  2. Norwegian Crew Services AS 95.6 MNOK
  3. Ving Norge AS 83.6 MNOK
  4. Ework Group Norway AS 56.7 MNOK
  5. Tui Norge AS 41.4 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. REMA 1000 AS 99.8%
  2. Mst Grand Banks Shipping AS 60.6%
  3. Kiwi Minidrift AS 41.9%
  4. Food Folk Norge AS 38.3%
  5. Vend Marketplaces AS 32.3%

Operating result divided by operating revenue.

Largest profit

  1. REMA 1000 AS 1,891 MNOK
  2. Vend Marketplaces AS 1,214 MNOK
  3. Ayvens Norge AS 682 MNOK
  4. REMA 1000 Norge AS 643 MNOK
  5. Kiwi Minidrift AS 361 MNOK

Profit before tax.

Largest loss

  1. Kredinor AS −380 MNOK
  2. Mst Grand Banks Shipping AS −287 MNOK
  3. Cramo AS −273 MNOK
  4. Grieg Shipping II AS −78 MNOK
  5. Reitan Convenience Norway AS −68 MNOK

Profit before tax, the largest negative.

Most solid

  1. Grieg Shipping II AS 67.9%
  2. Coor Cleaning Catering and Property AS 52.2%
  3. Anticimex A/S 44.9%
  4. Avarn Security ASsubsidiary of Avarn Security Group AS 43.3%
  5. Norsk Lastbærer Pool AS 42.2%

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

  1. Rental Group Norway AS +799.6%
  2. Scale Aquaculture Rental AS +283.2%
  3. Ability FM AS +85.6%
  4. Yabimo Norge AS +71.9%
  5. Arval AS +38.7%

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

Largest revenue decline

  1. Ework Group Norway AS −28.7%
  2. Grieg Shipping II AS −24.3%
  3. Mde Stavanger AS −18.7%
  4. Wex Europe Services AS −16.3%
  5. Adecco Norge AS −12.4%

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

Biggest climbers

  1. Norwegian Crew Services AS +33.8 points
  2. Polygon AS +30.2 points
  3. Seadrill Norway Crew AS +23.8 points
  4. Vend Marketplaces AS +18.2 points
  5. Nes Advantage AS +17.5 points

Change in index points from the year before.

Biggest fallers

  1. Grieg Shipping II AS −40.4 points
  2. Securitas Technology AS −38.9 points
  3. Ventor Energi Norge AS −23.0 points
  4. Insider Facility Solutions AS −21.4 points
  5. EP Engros AS −11.8 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.

ISS Facility Services AS: 77 / 61REMA 1000 Norge AS: 70 / 20Ayvens Norge AS: 76 / 24Ving Norge AS: 60 / 30Norwegian Crew Services AS: 60 / 50Vend Marketplaces AS: 97 / 37Tui Norge AS: 15 / 7Autoplan AS: 69 / 59Avarn Security AS: 47 / 95Coor Service Management AS: 50 / 80Securitas AS: 69 / 28Nes Advantage AS: 42 / 12REMA 1000 AS: 98 / 41Manpower AS: 16 / 924Service Eir Renhold AS: 81 / 25EP Engros AS: 21 / 66Adecco Norge AS: 6 / 48European Cruise Service AS: 71 / 22Norske Tog AS: 56 / 67Ramirent AS: 73 / 85Wex Europe Services AS: 30 / 71Verisure AS: 81 / 1Ework Group Norway AS: 42 / 6Renta AS: 39 / 563 Step IT AS: 46 / 9Rental Group Norway AS: 60 / 38Utleiecompagniet AS: 74 / 64First Rent A Car Norway AS: 74 / 45Nes Fircroft Norge AS: 27 / 15Vaktmesterkompaniet AS: 15 / 51Grieg Shipping II AS: 11 / 100Insider Facility Solutions AS: 37 / 90Cramo AS: 2 / 35Avarn Security Aviation AS: 69 / 4Intrum AS: 23 / 77Personalhuset Staffing Group AS: 10 / 2Dedicare AS: 80 / 40Jobzone Norge AS: 38 / 17Polygon AS: 55 / 79Agaia AS: 77 / 69Kiwi Minidrift AS: 98 / 76Reitan Convenience Norway AS: 4 / 84Drivalia Lease Norge AS: 62 / 11Kredinor AS: 12 / 89Ability FM AS: 31 / 32Securitas Technology AS: 2 / 53Mde Stavanger AS: 44 / 27Seadrill Norway Crew AS: 79 / 54Dovre Solutions AS: 53 / 74Specsavers Norway AS: 48 / 82Food Folk Norge AS: 86 / 46Yabimo Norge AS: 55 / 33Coor Cleaning Catering and Property AS: 65 / 98Meny AS: 9 / 63Scale Aquaculture Rental AS: 37 / 14Anticimex A/S: 83 / 97Ventor Energi Norge AS: 19 / 58Mst Grand Banks Shipping AS: 80 / 0Kjøpmannshuset Norge AS: 8 / 43Norsk Lastbærer Pool AS: 70 / 93Ses Energy AS: 77 / 87Arval AS: 52 / 19ISS Service Management AS: 31 / 7200252550507575100100Solidity, percentile against peers →↑ Profitability, percentile against peers
ISS Facility Services AS: 77 / 61REMA 1000 Norge AS: 70 / 20Ayvens Norge AS: 76 / 24Ving Norge AS: 60 / 30Norwegian Crew Services AS: 60 / 50Vend Marketplaces AS: 97 / 37Tui Norge AS: 15 / 7Autoplan AS: 69 / 59Avarn Security AS: 47 / 95Coor Service Management AS: 50 / 80Securitas AS: 69 / 28Nes Advantage AS: 42 / 12REMA 1000 AS: 98 / 41Manpower AS: 16 / 924Service Eir Renhold AS: 81 / 25EP Engros AS: 21 / 66Adecco Norge AS: 6 / 48European Cruise Service AS: 71 / 22Norske Tog AS: 56 / 67Ramirent AS: 73 / 85Wex Europe Services AS: 30 / 71Verisure AS: 81 / 1Ework Group Norway AS: 42 / 6Renta AS: 39 / 563 Step IT AS: 46 / 9Rental Group Norway AS: 60 / 38Utleiecompagniet AS: 74 / 64First Rent A Car Norway AS: 74 / 45Nes Fircroft Norge AS: 27 / 15Vaktmesterkompaniet AS: 15 / 51Grieg Shipping II AS: 11 / 100Insider Facility Solutions AS: 37 / 90Cramo AS: 2 / 35Avarn Security Aviation AS: 69 / 4Intrum AS: 23 / 77Personalhuset Staffing Group AS: 10 / 2Dedicare AS: 80 / 40Jobzone Norge AS: 38 / 17Polygon AS: 55 / 79Agaia AS: 77 / 69Kiwi Minidrift AS: 98 / 76Reitan Convenience Norway AS: 4 / 84Drivalia Lease Norge AS: 62 / 11Kredinor AS: 12 / 89Ability FM AS: 31 / 32Securitas Technology AS: 2 / 53Mde Stavanger AS: 44 / 27Seadrill Norway Crew AS: 79 / 54Dovre Solutions AS: 53 / 74Specsavers Norway AS: 48 / 82Food Folk Norge AS: 86 / 46Yabimo Norge AS: 55 / 33Coor Cleaning Catering and Property AS: 65 / 98Meny AS: 9 / 63Scale Aquaculture Rental AS: 37 / 14Anticimex A/S: 83 / 97Ventor Energi Norge AS: 19 / 58Mst Grand Banks Shipping AS: 80 / 0Kjøpmannshuset Norge AS: 8 / 43Norsk Lastbærer Pool AS: 70 / 93Ses Energy AS: 77 / 87Arval AS: 52 / 19ISS Service Management AS: 31 / 7200252550507575100100Solidity, percentile against peers →↑ Profitability, percentile against peers

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

  • 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 2023 (profitability / solidity)
REMA 1000 ASCheetah984196 / 42
Kiwi Minidrift ASLion987697 / 82
Vend Marketplaces ASCheetah973796 / 15
Food Folk Norge ASCheetah864688 / 44
Anticimex A/SLion839781 / 93
4Service Eir Renhold ASCheetah812583 / 28
Verisure ASCheetah81174 / 3
Dedicare ASCheetah804087 / 41
Mst Grand Banks Shipping ASCheetah80080 / 0
Seadrill Norway Crew ASLion795471 / 23
Ses Energy ASLion7787–
Agaia ASLion776977 / 66
ISS Facility Services ASLion776177 / 53
Ayvens Norge ASCheetah762468 / 33
First Rent A Car Norway ASCheetah744566 / 50
Utleiecompagniet ASLion746479 / 59
Ramirent ASLion738561 / 89
European Cruise Service ASCheetah712273 / 37
Norsk Lastbærer Pool ASLion7093–
REMA 1000 Norge ASCheetah702046 / 30
Securitas ASCheetah692849 / 39
Avarn Security Aviation ASCheetah69464 / 8
Autoplan ASLion695957 / 46
Coor Cleaning Catering and Property ASLion659862 / 95
Drivalia Lease Norge ASCheetah621161 / 19
Rental Group Norway ASCheetah6038–
Norwegian Crew Services ASCheetah605029 / 1
Ving Norge ASCheetah603058 / 35
Norske Tog ASLion566759 / 69
Polygon ASLion557916 / 64
Yabimo Norge ASCheetah5533–
Dovre Solutions ASLion537432 / 80
Arval ASCheetah5219–
Coor Service Management ASLion508026 / 84
Specsavers Norway ASElephant4882–
Avarn Security ASElephant479542 / 87
3 Step IT ASBeaver46943 / 14
Mde Stavanger ASBeaver442751 / 32
Nes Advantage ASBeaver421236 / 6
Ework Group Norway ASBeaver42657 / 4
Renta ASElephant395639 / 78
Jobzone Norge ASBeaver381740 / 17
Insider Facility Solutions ASElephant379037 / 98
Scale Aquaculture Rental ASBeaver3714–
ISS Service Management ASElephant3172–
Ability FM ASBeaver3132–
Wex Europe Services ASElephant307128 / 60
Nes Fircroft Norge ASBeaver271546 / 24
Intrum ASElephant23774 / 86
EP Engros ASElephant216620 / 73
The sector in numbers

Summary · fiscal year 2024 · Morning class Large

The sector's median operating margin is 2.4%. 1 of 64 companies have negative equity. The median equity ratio is 20.7%.

Companies with accounts64
Total revenue93,210 MNOK
Median operating margin2.4%
Median equity ratio20.7%
Share with a loss25%
Share with negative equity2%

All figures are for fiscal year 2024. Ranked: 63 operating companies. Holding companies, excluded companies and companies without enough data are shown but not ranked. How to read the index

  • 2 companies report in another currency. Their revenue is converted at the mean rate for the accounting period and makes up 2% of the total.

Climbers and fallers · Morning class Large

Change in rank from 2023 to 2024, for 53 companies ranked in both years.

Climbers

  1. 35Polygon ASfrom rank 43 to 867
  2. 29Norwegian Crew Services ASfrom rank 56 to 2752
  3. 24Seadrill Norway Crew ASfrom rank 37 to 1363
  4. 21Vend Marketplaces ASfrom rank 30 to 966
  5. 15Kredinor ASfrom rank 41 to 2653

Fallers

  1. 51Securitas Technology ASfrom rank 8 to 5930
  2. 36Ventor Energi Norge ASfrom rank 10 to 4644
  3. 30Grieg Shipping II ASfrom rank 2 to 3249
  4. 24Insider Facility Solutions ASfrom rank 7 to 3149
  5. 22EP Engros ASfrom rank 20 to 4245

Awards · 2024 · Morning class Large

Most profitableREMA 1000 AS99.8%
Fastest growthRental Group Norway AS799.6%
Strongest balance sheetGrieg Shipping II AS67.9%
Largest revenueISS Facility Services AS5,740 MNOK
Highest revenue per employeeWex Europe Services AS102.3 MNOK

Needs attention · 2024 · Morning class Large

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

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.

0%10%20%30%0%10%20%30%40%Operating margin (profitability) →Equity ratio (solidity) →ISS Facility Services AS: operating margin 4.5%, equity ratio 25.1%, rank 15REMA 1000 Norge AS: operating margin 20.3%, equity ratio 9.5%, rank 47Ayvens Norge AS: operating margin 24.0%, equity ratio 9.9%, rank 39Ving Norge AS: operating margin 2.1%, equity ratio 12.7%, rank 33Norwegian Crew Services AS: operating margin 0.9%, equity ratio 20.7%, rank 27Vend Marketplaces AS: operating margin 32.3%, equity ratio 15.9%, rank 9Tui Norge AS: operating margin −0.9%, equity ratio 3.4%, rank 62Autoplan AS: operating margin 4.5%, equity ratio 25.0%, rank 7Avarn Security AS: operating margin 2.4%, equity ratio 43.3%, rank 19Coor Service Management AS: operating margin 2.4%, equity ratio 34.6%, rank 17Securitas AS: operating margin 4.0%, equity ratio 12.1%, rank 45Nes Advantage AS: operating margin 1.3%, equity ratio 7.6%, rank 43REMA 1000 AS: operating margin 99.8%, equity ratio 18.1%, rank 25Manpower AS: operating margin −1.7%, equity ratio 41.3%, rank 294Service Eir Renhold AS: operating margin 7.2%, equity ratio 10.1%, rank 21EP Engros AS: operating margin 0.1%, equity ratio 25.4%, rank 42Adecco Norge AS: operating margin −3.2%, equity ratio 20.0%, rank 61European Cruise Service AS: operating margin 2.4%, equity ratio 9.6%, rank 36Norske Tog AS: operating margin 23.2%, equity ratio 25.7%, rank 34Ramirent AS: operating margin 10.3%, equity ratio 35.8%, rank 12Wex Europe Services AS: operating margin 0.6%, equity ratio 26.9%, rank 30Verisure AS: operating margin 18.9%, equity ratio 0.2%, rank 48Ework Group Norway AS: operating margin 1.5%, equity ratio 2.8%, rank 60Renta AS: operating margin 3.3%, equity ratio 24.0%, rank 443 Step IT AS: operating margin 1.2%, equity ratio 7.1%, rank 49Rental Group Norway AS: operating margin 12.3%, equity ratio 17.4%, rank 10Utleiecompagniet AS: operating margin 15.8%, equity ratio 25.3%, rank 22First Rent A Car Norway AS: operating margin 10.9%, equity ratio 19.9%, rank 20Nes Fircroft Norge AS: operating margin 0.6%, equity ratio 8.6%, rank 53Vaktmesterkompaniet AS: operating margin −0.3%, equity ratio 21.0%, rank 52Grieg Shipping II AS: operating margin −2.6%, equity ratio 67.9%, rank 32Insider Facility Solutions AS: operating margin 1.4%, equity ratio 39.4%, rank 31Cramo AS: operating margin −22.6%, equity ratio 15.2%, rank 54Avarn Security Aviation AS: operating margin 3.5%, equity ratio 1.5%, rank 51Intrum AS: operating margin −0.3%, equity ratio 33.8%, rank 35Personalhuset Staffing Group AS: operating margin −1.7%, equity ratio 0.9%, rank 63Dedicare AS: operating margin 4.8%, equity ratio 17.9%, rank 18Jobzone Norge AS: operating margin 1.2%, equity ratio 8.7%, rank 56Polygon AS: operating margin 2.3%, equity ratio 34.2%, rank 8Agaia AS: operating margin 5.7%, equity ratio 26.4%, rank 11Kiwi Minidrift AS: operating margin 41.9%, equity ratio 33.5%, rank 2Reitan Convenience Norway AS: operating margin −6.9%, equity ratio 34.8%, rank 41Drivalia Lease Norge AS: operating margin 22.2%, equity ratio 7.4%, rank 37Kredinor AS: operating margin −33.9%, equity ratio 37.8%, rank 26Ability FM AS: operating margin 0.6%, equity ratio 13.0%, rank 38Securitas Technology AS: operating margin −7.0%, equity ratio 21.1%, rank 59Mde Stavanger AS: operating margin 1.6%, equity ratio 11.5%, rank 58Seadrill Norway Crew AS: operating margin 4.3%, equity ratio 22.9%, rank 13Dovre Solutions AS: operating margin 2.6%, equity ratio 28.2%, rank 14Specsavers Norway AS: operating margin 1.8%, equity ratio 34.7%, rank 5Food Folk Norge AS: operating margin 38.3%, equity ratio 20.0%, rank 16Yabimo Norge AS: operating margin 2.5%, equity ratio 14.9%, rank 23Coor Cleaning Catering and Property AS: operating margin 4.1%, equity ratio 52.2%, rank 3Meny AS: operating margin −2.2%, equity ratio 25.2%, rank 40Scale Aquaculture Rental AS: operating margin 1.8%, equity ratio 7.6%, rank 50Anticimex A/S: operating margin 12.4%, equity ratio 44.9%, rank 1Ventor Energi Norge AS: operating margin 0.1%, equity ratio 25.0%, rank 46Mst Grand Banks Shipping AS: operating margin 60.6%, equity ratio −9.7%, rank 55Kjøpmannshuset Norge AS: operating margin −4.1%, equity ratio 18.7%, rank 57Norsk Lastbærer Pool AS: operating margin 9.4%, equity ratio 42.2%, rank 4Ses Energy AS: operating margin 8.2%, equity ratio 36.6%, rank 6Arval AS: operating margin 11.4%, equity ratio 8.7%, rank 28ISS Service Management AS: operating margin 0.2%, equity ratio 28.2%, rank 24
Show the map's figures as a table
CompanyOperating marginEquity ratioRevenue
Anticimex A/S12.4%44.9%591 MNOK
Kiwi Minidrift AS41.9%33.5%796 MNOK
Coor Cleaning Catering and Property AS4.1%52.2%617 MNOK
Norsk Lastbærer Pool AS9.4%42.2%530 MNOK
Specsavers Norway AS1.8%34.7%690 MNOK
Ses Energy AS8.2%36.6%525 MNOK
Autoplan AS4.5%25.0%2,431 MNOK
Polygon AS2.3%34.2%814 MNOK
Vend Marketplaces AS32.3%15.9%3,806 MNOK
Rental Group Norway AS12.3%17.4%1,208 MNOK
Agaia AS5.7%26.4%813 MNOK
Ramirent AS10.3%35.8%1,437 MNOK
Seadrill Norway Crew AS4.3%22.9%713 MNOK
Dovre Solutions AS2.6%28.2%691 MNOK
ISS Facility Services AS4.5%25.1%5,740 MNOK
Food Folk Norge AS38.3%20.0%640 MNOK
Coor Service Management AS2.4%34.6%2,207 MNOK
Dedicare AS4.8%17.9%822 MNOK
Avarn Security AS2.4%43.3%2,385 MNOK
First Rent A Car Norway AS10.9%19.9%1,141 MNOK
4Service Eir Renhold AS7.2%10.1%1,589 MNOK
Utleiecompagniet AS15.8%25.3%1,200 MNOK
Yabimo Norge AS2.5%14.9%635 MNOK
ISS Service Management AS0.2%28.2%503 MNOK
REMA 1000 AS99.8%18.1%1,889 MNOK
Kredinor AS−33.9%37.8%780 MNOK
Norwegian Crew Services AS0.9%20.7%4,300 MNOK
Arval AS11.4%8.7%504 MNOK
Manpower AS−1.7%41.3%1,709 MNOK
Wex Europe Services AS0.6%26.9%1,433 MNOK
Insider Facility Solutions AS1.4%39.4%1,017 MNOK
Grieg Shipping II AS−2.6%67.9%1,067 MNOK
Ving Norge AS2.1%12.7%4,347 MNOK
Norske Tog AS23.2%25.7%1,488 MNOK
Intrum AS−0.3%33.8%868 MNOK
European Cruise Service AS2.4%9.6%1,516 MNOK
Drivalia Lease Norge AS22.2%7.4%784 MNOK
Ability FM AS0.6%13.0%739 MNOK
Ayvens Norge AS24.0%9.9%5,268 MNOK
Meny AS−2.2%25.2%616 MNOK
Reitan Convenience Norway AS−6.9%34.8%789 MNOK
EP Engros AS0.1%25.4%1,584 MNOK
Nes Advantage AS1.3%7.6%1,923 MNOK
Renta AS3.3%24.0%1,331 MNOK
Securitas AS4.0%12.1%1,975 MNOK
Ventor Energi Norge AS0.1%25.0%577 MNOK
REMA 1000 Norge AS20.3%9.5%5,360 MNOK
Verisure AS18.9%0.2%1,381 MNOK
3 Step IT AS1.2%7.1%1,236 MNOK
Scale Aquaculture Rental AS1.8%7.6%605 MNOK
Avarn Security Aviation AS3.5%1.5%895 MNOK
Vaktmesterkompaniet AS−0.3%21.0%1,118 MNOK
Nes Fircroft Norge AS0.6%8.6%1,121 MNOK
Cramo AS−22.6%15.2%980 MNOK
Mst Grand Banks Shipping AS60.6%−9.7%571 MNOK
Jobzone Norge AS1.2%8.7%820 MNOK
Kjøpmannshuset Norge AS−4.1%18.7%531 MNOK
Mde Stavanger AS1.6%11.5%721 MNOK
Securitas Technology AS−7.0%21.1%733 MNOK
Ework Group Norway AS1.5%2.8%1,360 MNOK
Adecco Norge AS−3.2%20.0%1,531 MNOK
Tui Norge AS−0.9%3.4%2,774 MNOK
Personalhuset Staffing Group AS−1.7%0.9%838 MNOK

Holding and investment companies · 2024

147 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: 51 have at least 10 MNOK in assets and are listed.

Holding and investment companies
RankCompanyScore Equity ratioReturn on assetsCurrent ratioTotal assets
1IÅ Invest AS95 99.9%69.0% 550.1013 MNOK
2Sinclair Holding AS83 99.9%14.4% 1,265.0330 MNOK
3Løå Invest AS82 100.0%11.1% 8,208.9316 MNOK
4Andvari Investment Research AS80 98.7%25.3% 319.07269 MNOK
5Sterud Holding AS80 99.0%28.2% 81.6682 MNOK
6Khv Holding AS77 99.5%16.3% 165.1633 MNOK
7Kvamnet Holding AS76 94.3%81.0% 33.0163 MNOK
8Ahw Holding AS74 99.7%10.2% 314.2370 MNOK
9Tee Invest AS74 99.8%9.5% 211.7214 MNOK
10Sixsides Holding AS73 96.6%34.5% 23.4810 MNOK
11Naboen Holding AS72 97.3%28.2% 14.3269 MNOK
12Egner Holding AS71 94.1%41.1% 14.7089 MNOK
13LJ IP Holding AS70 99.9%4.7% 475.1111 MNOK
14Grøjbdle Invest AS69 98.3%12.1% 50.3625 MNOK
15Eckhoff Invest AS62 100.0%3.8% –16 MNOK
16Voco Invest AS60 98.9%4.4% 96.3422 MNOK
17NP Bodø Holding AS59 97.8%5.9% 40.8321 MNOK
18Fjelldal Holding AS59 93.7%16.7% 10.0612 MNOK
19Almehagen Holding AS55 91.1%12.7% 9.0024 MNOK
20Brødrene Kverneland Invest AS54 90.6%30.8% 1.2127 MNOK
Show all 51
RankCompanyScoreTotal assets
21Kolle Holding AS5158 MNOK
22Tøn Holding AS5016 MNOK
23Traa Holding AS5013 MNOK
24Betongforbedring Holding AS48101 MNOK
25HD Invest AS4839 MNOK
26Z&E Holding AS4618 MNOK
27Habberstad Holding AS4611 MNOK
28Knas Holding AS4514 MNOK
29Hetu Holding AS4536 MNOK
30Netfair Holding AS4424 MNOK
31Anleggsgartner SB Holding AS4435 MNOK
32Fecadu Invest AS4339 MNOK
33Activity Holding AS4212 MNOK
34Vestland Invest AS41378 MNOK
35Park Holding AS4026 MNOK
36Vss Holdings AS402,035 MNOK
37Synkron Holding AS3913 MNOK
38Peaas Invest AS3691 MNOK
39Fløysand Invest AS3522 MNOK
40Pap Stavanger Holding AS3413 MNOK
41Olympic Wind Holding AS34511 MNOK
42Malelu Holding AS3412 MNOK
43Gammel Nok Holding AS3138 MNOK
44Kai Canari Holding AS27329 MNOK
45Trevland Holding AS2610 MNOK
46Premium Travel Holding AS2614 MNOK
47Eidnes Holding AS2514 MNOK
48Norsvin International Holding AS22194 MNOK
49Bogstadveien 48 Invest AS20156 MNOK
50Amundsen Holding Bodø AS922 MNOK
51Opedia Holding AS817 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 2026, with a median operating margin of −3.2%.

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

Fiscal yearMedian operating marginMedian equity ratio
2017––
2019––
2020––
20210.4%−57.3%
20224.6%18.9%
20234.1%24.5%
20243.8%24.2%
20254.3%24.4%
2026 · weakest year−3.2%33.1%

In 2026, 3 ranked companies did better than the sector, 0 about the same and 3 weaker.

Held up best in 2026

  1. 1Wings Travel Management ASequity ratio 33.4%21.7%
  2. 2Releasy ASequity ratio 3.0%6.1%
  3. 3Specsavers Norway ASequity ratio 32.7%1.8%

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 margin0.4%4.6%4.1%3.8%4.3%−3.2%

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 margin0.4%4.6%4.1%3.8%4.3%−3.2%

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

When policy rate fell in 2025, 1,072 of 2,135 ranked companies kept their operating margin at or above the year before. Among the largest: Ving Norge AS (2.1% → 2.9%), Tui Norge AS (−0.9% → 0.4%), Nes Advantage AS (1.3% → 1.7%), Norwegian Crew Services AS (0.9% → 1.6%), Securitas AS (4.0% → 5.0%).

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
24,037
+0.8% from 2023
Persons employed
135,093
−2.5% from 2023
Turnover
NOK 263.7 bn
+6.7% from 2023
Gross operating margin
15.3%
Gross operating surplus divided by turnover

All enterprises, sole proprietorships included.

Bankruptcies in the industry

194 enterprise bankruptcies in the last four quarters (2025K4–2026K3). Change +3.2% against the four quarters before (188). That is about 8.1 per 1,000 enterprises.

462024K4422025K1562025K2442025K3442025K4532026K1572026K2402026K3

Foreign-controlled enterprises · 2024

Share of enterprises
2.6%
Share of persons employed
36.2%
Share of turnover
36.9%

SSB publishes this for groups of industries only. The figures are for the group “Forretningsmessig tjenesteyting”.

Turnover index · Forretningsmessig tjenesteyting

145.4 index, 2021 = 100, seasonally adjusted · 2026M08
+2.3% against 2025M08.

Monthly, 2023M08 to 2026M08.

Source: Statistics Norway (SSB), table 12910, table 10790, table 08085, table 13863. 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

All bankruptcies and liquidations in the sector

Industry codes (NACE)

CodeDescription
77*Hele hovedgruppe 77
77.110Utleie og leasing av biler og andre lette motorvogner
77.120Utleie og leasing av lastebiler
77.210Utleie og leasing av sports- og fritidsutstyr
77.220Utleie og leasing av andre husholdningsvarer og varer til personlig bruk
77.310Utleie og leasing av landbruksmaskiner og -utstyr
77.320Utleie og leasing av bygge- og anleggsmaskiner og -utstyr
77.330Utleie og leasing av kontor- og datamaskiner
77.340Utleie og leasing av sjøtransportmateriell
77.350Utleie og leasing av lufttransportmateriell
77.390Utleie og leasing av andre maskiner og annet utstyr og materiell ikke nevnt annet sted
77.400Leasing av immateriell eiendom og lignende produkter, unntatt opphavsrettsbeskyttede verker
77.510Formidlingstjenester tilknyttet utleie og leasing av biler, campingbiler og tilhengere
77.520Formidlingstjenester tilknyttet utleie og leasing av andre materielle varer og immateriell eiendom og lignende produkter
78*Hele hovedgruppe 78
78.100Rekruttering og formidling av arbeidskraft
78.200Utleie av arbeidskraft og andre personaladministrative tjenester
79*Hele hovedgruppe 79
79.110Reisebyråvirksomhet
79.121Aktiviteter utført av utflukts- og eventarrangører
79.122Reisearrangørvirksomhet ellers
79.901Aktiviteter utført av turistkontorer og destinasjonsselskaper
79.902Guide- og reiseledervirksomhet
80*Hele hovedgruppe 80
80.010Etterforskningstjenester og private vakttjenester
80.090Vakttjenester ikke nevnt annet sted
81*Hele hovedgruppe 81
81.100Kombinerte tjenester tilknyttet eiendomsdrift
81.210Rengjøring av bygninger
81.220Utvendig rengjøring av bygninger og industriell rengjøring
81.230Annen rengjøringsvirksomhet og snømåking
81.300Beplantning av hager og parkanlegg
82*Hele hovedgruppe 82
82.100Kontortjenester
82.200Telefonvakttjenester og telefonsalg
82.300Kongress-, messe- og utstillingsvirksomhet
82.400Formidlingstjenester tilknyttet forretningsmessig tjenesteyting ikke nevnt annet sted
82.910Inkasso- og kredittopplysningsvirksomhet
82.920Pakkevirksomhet
82.990Annen forretningsmessig tjenesteyting ikke nevnt annet sted