Sector
Retail and wholesale
FollowDownload sector report (PDF)22,333 companies ranked against comparable companies in four Morning company classes. Fiscal year 2024. Source: Brønnøysund Register Centre. Methodology
Ranking · 2024 · Morning class Large
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
- PLANTASJEN SOURCE NORGE AS−50
From 2023 to 2024: the equity ratio fell from 30.8% to −36.5% and went from a profit to a loss before tax.
- PORSCHE NORGE AS+43
From 2023 to 2024: revenue grew by 110% and went from a loss to a profit before tax.
- STIM AS+40
From 2023 to 2024: the equity ratio rose from 7.5% to 45.9% and revenue grew by 25%.
- NORCAR AS−38
From 2023 to 2024: the equity ratio fell from 49.1% to 1.0% and revenue grew by 37%.
Top lists in the sector · 2024 · Morning class Large
The five largest companies account for 11% of the sector's revenue. Combined profit before tax for the 491 ranked companies: 48,814 MNOK.
Highest revenue
- ELKJØP NORDIC AS 40,506 MNOK
- REMA DISTRIBUSJON NORGE AS 36,385 MNOK
- LERØY SEAFOOD AS 23,665 MNOK
- ESSO NORGE AS 21,643 MNOK
- ASKO SENTRALLAGER KJØL ASsubsidiary of ASKO NORGE AS 19,269 MNOK
Operating revenue.
Highest operating margin
- FERD HOLDING AS 99.8%
- VIND EQUITY ASsubsidiary of VIND HOLDING AS 99.7%
- STENSHAGEN INVEST ASsubsidiary of EGIL STENSHAGEN HOLDING AS 98.8%
- REKAP 1 ASsubsidiary of REITAN AS 96.7%
- REITAN AS 93.9%
Operating result divided by operating revenue.
Largest profit
- FERD AS 5,192 MNOK
- FERD HOLDING AS 5,045 MNOK
- REITAN AS 3,785 MNOK
- NORGESGRUPPEN ASA 2,083 MNOK
- ALFA LAVAL NORDIC AS 1,701 MNOK
Profit before tax.
Largest loss
- PLANTASJEN NORGE AS −856 MNOK
- ESSO NORGE AS −592 MNOK
- XXL SPORT & VILLMARK AS −568 MNOK
- EASEE AS −404 MNOK
- MAXBO AS −289 MNOK
Profit before tax, the largest negative.
Most solid
- FERD HOLDING AS 98.7%
- ARROW NORWAY AS 97.2%
- VARNER AS 95.2%
- STENSHAGEN INVEST ASsubsidiary of EGIL STENSHAGEN HOLDING AS 94.1%
- VIND EQUITY ASsubsidiary of VIND HOLDING AS 94.1%
Equity ratio: equity divided by total assets.
Fastest growth
- BRISTOL-MYERS SQUIBB NORWAY AS +707.6%
- VIND EQUITY ASsubsidiary of VIND HOLDING AS +304.8%
- SWEDISH MATCH SALES NORWAY AS +298.3%
- MØLLER BIL BRUKTBIL AS +221.9%
- HEWLETT-PACKARD NORGE AS +212.8%
Revenue growth from the year before, only from at least NOK 10 million in revenue.
Largest revenue decline
- JYSK AS −99.9%
- FRESENIUS KABI NORGE AS −42.2%
- EPIROC NORGE AS −40.9%
- ECO- 1 BIOENERGI AS −40.6%
- TAKEDA AS −34.3%
Revenue decline from the year before, only from at least NOK 10 million in revenue.
Biggest climbers
- PORSCHE NORGE AS +42.5 points
- STIM AS +39.7 points
- IKM FLUX AS +36.6 points
- ORKLA HEALTH AS +35.9 points
- MRC GLOBAL NORWAY AS +33.9 points
Change in index points from the year before.
Biggest fallers
- PLANTASJEN SOURCE NORGE AS −49.7 points
- NORCAR AS −37.3 points
- MOTEK AS −36.4 points
- ELLOS NORWAY AS −36.2 points
- FRESENIUS KABI NORGE AS −35.9 points
Change in index points from the year before.
Most employees
- APOTEK 1 GRUPPEN AS 7,059
- EUROPRIS BUTIKKDRIFT AS 3,864
- NORSK MEDISINALDEPOT AS 3,702
- NG KIWI OSLO AKERSHUS AS 3,096
- Aktieselskapet Vinmonopolet 2,940
Employees according to the Central Coordinating Register.
Highest revenue per employee
- NORSK BUTIKKDRIFT AS 779.9 MNOK
- PLATINA SEAFOOD AS 481.7 MNOK
- GLANDER INTERNATIONAL BUNKERING (NORWAY) AS 386.7 MNOK
- POLAR QUALITY AS 373.0 MNOK
- BERGEN BUNKERS AS 351.7 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.
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).
- PLANTASJEN SOURCE NORGE AS profitability 60 → 1, solidity 55 → 0
- ROBERT BOSCH AS profitability 88 → 11, solidity 27 → 37
- NORCAR AS profitability 89 → 93, solidity 80 → 3
- GRANDAHL BIL AS profitability 9 → 68, solidity 96 → 49
- MB ENERGY AS profitability 69 → 3, solidity 40 → 6
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
The sector in numbers
Summary · fiscal year 2024 · Morning class Large
The sector's median operating margin is 2.5%. 9 of 500 companies have negative equity. The median equity ratio is 28.8%.
Companies with accounts500
Total revenue1,299,294 MNOK
Median operating margin2.5%
Median equity ratio28.8%
Share with a loss15%
Share with negative equity2%
All figures are for fiscal year 2024. Ranked: 499 operating companies. Holding companies, excluded companies and companies without enough data are shown but not ranked. How to read the index
The total counts each group once: 8 subsidiaries (31,874 MNOK in revenue) are left out of totals and size lists because their parent in the sector has at least as much revenue, so their sales can run through the parent. They are ranked as usual. Methodology
- 8 companies report in another currency. Their revenue is converted at the mean rate for the accounting period and makes up 3% of the total.
Climbers and fallers · Morning class Large
Change in rank from 2023 to 2024, for 447 companies ranked in both years.
Climbers
- 321STIM ASfrom rank 385 to 6471
- 289ORKLA HEALTH ASfrom rank 335 to 4673
- 289IKM FLUX ASfrom rank 387 to 9867
- 280PORSCHE NORGE ASfrom rank 447 to 16757
- 271SCANFISH NORWAY ASfrom rank 357 to 8669
Fallers
- 359PLANTASJEN SOURCE NORGE ASfrom rank 135 to 49411
- 301RUTEBILEIERNES STANDARDISERINGSAKSJESELSKAPfrom rank 145 to 44628
- 280GRANDAHL BIL ASfrom rank 120 to 40036
- 278FRESENIUS KABI NORGE ASfrom rank 40 to 31844
- 251HALLGRUPPEN ASfrom rank 146 to 39736
Awards · 2024 · Morning class Large
Needs attention · 2024 · Morning class Large
165 companies show at least one warning sign. Showing the 15 most important.
- criticalPOWER INTERNATIONAL ASNegative equity · Current ratio below 1 (0.59) · Loss before tax
- criticalXXL SPORT & VILLMARK ASNegative equity · Current ratio below 1 (0.68) · Loss before tax
- criticalXPENG MOTORS (NORWAY) ASNegative equity · Current ratio below 1 (0.96) · Loss before tax
- criticalNORWEGIAN AGRO MACHINERY ASNegative equity · Current ratio below 1 (0.85) · Loss before tax
- criticalFARMASIET ASNegative equity · Current ratio below 1 (0.30) · Loss before tax
- criticalBESTDRIVE NORWAY ASNegative equity · Current ratio below 1 (0.64) · Loss before tax
- criticalPLANTASJEN SOURCE NORGE ASNegative equity · Current ratio below 1 (0.68) · Loss before tax
- criticalLIEBHERR-NORGE ASNegative equity · Current ratio below 1 (0.76) · Loss before tax
- criticalCIRCLE K DETALJIST ASNegative equity · Current ratio below 1 (0.39)
- watchMB ENERGY ASVery low equity ratio (3.4%) · Current ratio below 1 (0.77) · Loss before tax
- watchCONTINENTAL DEKK NORGE ASVery low equity ratio (0.3%) · Current ratio below 1 (0.99) · Loss before tax
- watchMEDIVATUS ASVery low equity ratio (3.8%) · Current ratio below 1 (0.91) · Loss before tax
- watchBEKO NORDIC ASVery low equity ratio (1.0%) · Current ratio below 1 (0.94) · Loss before tax
- watchELKJØP NORDIC ASCurrent ratio below 1 (0.96) · Loss before tax
- watchCOUNT ENERGY TRADING ASVery low equity ratio (2.9%) · Current ratio below 1 (0.93)
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 |
|---|---|---|---|
| VIND EQUITY AS | 99.7% | 94.1% | 1,108 MNOK |
| STENSHAGEN INVEST AS | 98.8% | 94.1% | 1,283 MNOK |
| TMC COMPRESSORS AS | 29.1% | 58.5% | 1,073 MNOK |
| SVERDRUP STEEL AS | 11.8% | 66.2% | 2,277 MNOK |
| DROPS DESIGN AS | 8.3% | 81.2% | 514 MNOK |
| FERD AS | 92.2% | 91.9% | 5,610 MNOK |
| REKAP 1 AS | 96.7% | 93.9% | 1,380 MNOK |
| PLANDENT AS | 9.4% | 60.1% | 518 MNOK |
| PRETEC AS | 19.0% | 68.6% | 635 MNOK |
| NG KIWI MØRE AS | 3.8% | 78.7% | 1,599 MNOK |
| THANSEN AS | 5.2% | 48.4% | 980 MNOK |
| NEXTRON AS | 5.6% | 45.8% | 638 MNOK |
| GET INSPIRED AS | 6.6% | 46.4% | 798 MNOK |
| Dressmann A/S | 13.0% | 60.3% | 1,600 MNOK |
| NG KIWI ROMSDAL OG NORDMØRE AS | 4.3% | 61.9% | 1,220 MNOK |
| OTTO OLSEN AS | 16.6% | 43.7% | 681 MNOK |
| K J BRUSDAL AS | 5.7% | 62.2% | 548 MNOK |
| J A MAGNUSSEN ENGROS AS | 8.3% | 67.4% | 1,015 MNOK |
| TESS VEST AS | 6.4% | 50.5% | 1,241 MNOK |
| ITAB NORGE AS | 3.4% | 64.0% | 564 MNOK |
| FERD HOLDING AS | 99.8% | 98.7% | 5,049 MNOK |
| NEW WAVE NORWAY AS | 7.3% | 52.4% | 519 MNOK |
| TESS NORD AS | 5.6% | 67.8% | 1,113 MNOK |
| MRC GLOBAL NORWAY AS | 9.1% | 54.5% | 1,641 MNOK |
| REITAN RETAIL AS | 84.5% | 49.1% | 1,820 MNOK |
| TESS ØST AS | 6.0% | 70.7% | 818 MNOK |
| ORTOMEDIC AS | 6.9% | 59.6% | 512 MNOK |
| TAKEDA AS | 10.3% | 54.1% | 1,063 MNOK |
| TESS SØR AS | 4.7% | 51.3% | 678 MNOK |
| NG KIWI VESTFOLD TELEMARK AS | 3.6% | 53.9% | 3,761 MNOK |
| KARO PHARMA AS | 25.1% | 40.4% | 714 MNOK |
| FLOGAS NORGE AS | 6.4% | 38.9% | 1,318 MNOK |
| BRISTOL-MYERS SQUIBB NORWAY AS | 2.7% | 57.6% | 1,622 MNOK |
| I K LYKKE DRIFT AS | 19.7% | 57.1% | 700 MNOK |
| RUSTA RETAIL AS | 8.3% | 36.5% | 2,385 MNOK |
| BAYER AS | 21.9% | 51.8% | 1,381 MNOK |
| ASKO NORGE AS | 4.1% | 86.7% | 524 MNOK |
| SERVI AS | 5.3% | 47.9% | 937 MNOK |
| REITAN AS | 93.9% | 88.8% | 4,138 MNOK |
| CLAS OHLSON AS | 4.5% | 41.6% | 4,238 MNOK |
| KICKS NORGE AS | 3.5% | 47.6% | 1,605 MNOK |
| MITSUI & CO NORWAY AS | 1.9% | 59.1% | 669 MNOK |
| SEAWEST AS | 6.6% | 51.4% | 561 MNOK |
| NG KIWI AGDER AS | 3.5% | 53.8% | 2,923 MNOK |
| CERTEX NORGE AS | 12.0% | 46.2% | 632 MNOK |
| ORKLA HEALTH AS | 7.4% | 37.9% | 1,884 MNOK |
| CUBUS AS | 6.6% | 60.5% | 2,418 MNOK |
| HYDROSCAND AS | 9.0% | 49.8% | 799 MNOK |
| MENTO AS | 7.2% | 37.2% | 900 MNOK |
| LEKEKASSEN AS | 10.4% | 44.8% | 502 MNOK |
| ASTRAZENECA AS | 2.5% | 70.5% | 908 MNOK |
| EQOLOGY.NO AS | 19.9% | 33.3% | 1,237 MNOK |
| RUN AS | 15.5% | 46.1% | 660 MNOK |
| BILTEMA NORGE AS | 5.3% | 69.6% | 5,336 MNOK |
| ASSA ABLOY OPENING SOLUTIONS NORWAY AS | 19.3% | 40.0% | 571 MNOK |
| ØDEGAARD ENGROS AS | 6.9% | 40.4% | 547 MNOK |
| TORE LIGAARD AS | 2.0% | 64.6% | 555 MNOK |
| NG KIWI ROGALAND AS | 3.8% | 51.8% | 3,868 MNOK |
| LINDEX AS | 3.0% | 62.4% | 1,468 MNOK |
| WENAAS WORKWEAR AS | 11.1% | 45.5% | 936 MNOK |
| FJORDLAND AS | 5.5% | 42.6% | 2,084 MNOK |
| SN SEAFOOD AS | 4.2% | 64.4% | 637 MNOK |
| NG KIWI VEST AS | 3.3% | 50.9% | 5,020 MNOK |
| STIM AS | 7.0% | 45.9% | 1,698 MNOK |
| STOK AS | 0.9% | 63.7% | 551 MNOK |
| H.I. GIØRTZ SØNNER AS | 2.0% | 59.8% | 4,594 MNOK |
| NORGESDEKK AS | 14.3% | 32.7% | 1,172 MNOK |
| BERTEL O. STEEN TRUCKS & BUSES AS | 6.8% | 38.9% | 1,415 MNOK |
| MASKE AS | 5.5% | 40.1% | 1,442 MNOK |
| ABK-QVILLER AS | 5.5% | 59.0% | 889 MNOK |
| ALIMENTA AS | 4.4% | 47.7% | 553 MNOK |
| BEL-MAR AS | 2.6% | 40.1% | 586 MNOK |
| RITUALS COSMETICS NORWAY AS | 6.5% | 48.1% | 738 MNOK |
| NORWEGIAN MOBILITY GROUP AS | 2.2% | 44.6% | 1,350 MNOK |
| UNITED BAKERIES NORWAY AS | 4.9% | 46.0% | 797 MNOK |
| NG KIWI ØST AS | 2.7% | 55.6% | 3,553 MNOK |
| NORMAL NORGE AS | 8.9% | 34.3% | 4,084 MNOK |
| NOVARTIS NORGE AS | 4.0% | 53.7% | 1,378 MNOK |
| MEKO NORWAY AS | 8.3% | 21.8% | 1,753 MNOK |
| NG KIWI MIDT-NORGE AS | 2.6% | 55.2% | 2,775 MNOK |
| OLUF LORENTZEN AS | 4.2% | 47.0% | 973 MNOK |
| DEKKTEAM AS | 4.3% | 56.2% | 740 MNOK |
| VITA GROUP AS | 6.4% | 30.5% | 1,188 MNOK |
| JULA NORGE AS | 2.1% | 47.5% | 3,144 MNOK |
| STARCO NORGE AS | 10.3% | 34.6% | 973 MNOK |
| SCANFISH NORWAY AS | 1.2% | 62.3% | 538 MNOK |
| SPORT HOLDING RETAIL AS | 4.1% | 49.5% | 1,615 MNOK |
| NG KIWI INNLAND AS | 4.1% | 45.5% | 6,544 MNOK |
| REMA DISTRIBUSJON IMPORT AS | 3.0% | 32.7% | 2,915 MNOK |
| KJOSAVIK AS | 4.5% | 54.2% | 966 MNOK |
| PRINCESS-GRUPPEN AS | 2.8% | 68.2% | 1,026 MNOK |
| CLOETTA NORGE AS | 4.8% | 53.1% | 536 MNOK |
| BESTSELLER STORES NORWAY AS | 3.3% | 52.7% | 608 MNOK |
| TSS NORWAY AS | 8.1% | 22.9% | 679 MNOK |
| ABBOTT NORGE AS | 3.8% | 46.7% | 571 MNOK |
| INTER SEA AS | 1.6% | 69.8% | 527 MNOK |
| NG KIWI BUSKERUD AS | 4.0% | 45.6% | 4,940 MNOK |
| IKM FLUX AS | 10.9% | 21.3% | 1,317 MNOK |
| WESTCOAST AS | 1.5% | 40.0% | 1,111 MNOK |
| ROCHE NORGE AS | 3.3% | 36.6% | 707 MNOK |
| ABBVIE AS | 4.7% | 36.7% | 601 MNOK |
| GC RIEBER MINERALS AS | 6.4% | 55.8% | 781 MNOK |
| FRITZØE ENGROS AS | 4.5% | 76.5% | 897 MNOK |
| KINNARPS AS | 5.1% | 42.1% | 653 MNOK |
| Lindab A/S | 4.7% | 50.3% | 605 MNOK |
| HELLOFRESH NORWAY AS | 2.0% | 52.2% | 605 MNOK |
| EMERSON AUTOMATION SOLUTIONS AS | 7.3% | 27.1% | 833 MNOK |
| EATON ELECTRIC AS | 2.8% | 39.0% | 1,291 MNOK |
| STADSSALG AS | 7.4% | 85.7% | 772 MNOK |
| EUROPRIS AS | 14.2% | 42.7% | 6,593 MNOK |
| SIEMENS HEALTHCARE AS | 8.6% | 34.1% | 809 MNOK |
| SJØMATKOMPANIET AS | 6.1% | 31.2% | 743 MNOK |
| SCANDINAVIAN FITTINGS AND FLANGES AS | 10.4% | 22.0% | 2,184 MNOK |
| SYSTEMAIR AS | 10.1% | 35.4% | 623 MNOK |
| HAUGEN - GRUPPEN AS | 6.1% | 34.5% | 1,621 MNOK |
| 3M NORGE AS | 3.7% | 49.1% | 794 MNOK |
| MESTER GRØNN AS | 2.9% | 54.0% | 1,841 MNOK |
| ARROW NORWAY AS | 4.0% | 97.2% | 1,011 MNOK |
| NG KIWI OSLO AKERSHUS AS | 3.2% | 40.3% | 10,900 MNOK |
| JOHS OLSEN AS | 3.6% | 33.6% | 815 MNOK |
| ASTRUP AS | 3.0% | 65.4% | 1,029 MNOK |
| DR. OETKER NORGE AS | 6.8% | 23.5% | 669 MNOK |
| JOHN DEERE FORESTRY AS | 4.4% | 32.4% | 823 MNOK |
| EET NORGE AS | 6.3% | 29.5% | 551 MNOK |
| SWEGON AS | 5.7% | 39.3% | 715 MNOK |
| OSKAR PEDERSEN AS | 3.5% | 24.2% | 842 MNOK |
| NG SPAR ØST AS | 0.9% | 65.6% | 978 MNOK |
| KITCH'N AS | 5.6% | 28.4% | 1,118 MNOK |
| GC RIEBER DISTRIBUTION AS | 2.1% | 33.7% | 826 MNOK |
| RED BULL NORWAY AS | 10.0% | 22.4% | 936 MNOK |
| VILLA SEAFOOD AS | 2.1% | 29.4% | 1,525 MNOK |
| HOME BRANDS AS | 5.2% | 33.5% | 942 MNOK |
| FREDRIK & LOUISA AS | 4.8% | 30.2% | 1,255 MNOK |
| STORCASH NORGE AS | 3.7% | 40.8% | 1,952 MNOK |
| SYNOPTIK NORGE AS | 4.4% | 48.4% | 864 MNOK |
| BLIVAKKER.NO AS | 7.2% | 19.6% | 920 MNOK |
| MEDTRONIC NORGE AS | 3.5% | 65.1% | 977 MNOK |
| BAMA STORKJØKKEN OSLO AS | 5.6% | 27.9% | 974 MNOK |
| TENARIS GLOBAL SERVICES NORWAY AS | 4.7% | 43.4% | 1,781 MNOK |
| MEGAFLIS AS | 2.1% | 44.7% | 2,291 MNOK |
| ASKO MOLDE AS | 1.8% | 44.0% | 2,870 MNOK |
| COAST SEAFOOD AS | 0.9% | 61.3% | 5,648 MNOK |
| GLAXOSMITHKLINE AS | 3.2% | 37.3% | 1,039 MNOK |
| HELLY HANSEN AS | 6.6% | 41.9% | 3,552 MNOK |
| VIANOR AS | 5.2% | 31.3% | 1,556 MNOK |
| NORGESGRUPPEN ØST AS | −0.7% | 88.3% | 1,124 MNOK |
| AUKSJONEN.NO AS | 32.4% | 13.3% | 504 MNOK |
| BERGSENG DRIFT AS | 5.2% | 25.6% | 514 MNOK |
| FIRDA SEAFOOD AS | 5.1% | 20.3% | 2,408 MNOK |
| DRIV ENERGI MIDT-NORGE AS | 2.8% | 25.2% | 611 MNOK |
| VINGMED AS | 10.3% | 25.7% | 550 MNOK |
| LÅSSENTERET AS | 3.5% | 43.5% | 875 MNOK |
| SERVICEGROSSISTEN ØST AS | 2.6% | 28.2% | 1,281 MNOK |
| SULLAND DRAMMEN AS | 3.1% | 38.1% | 805 MNOK |
| CARLINGS AS | −3.7% | 66.5% | 530 MNOK |
| ONNINEN AS | 1.6% | 43.8% | 6,085 MNOK |
| MÅKESTAD ENGROS AS | 5.0% | 39.9% | 647 MNOK |
| ALFA LAVAL NORDIC AS | 6.3% | 83.9% | 596 MNOK |
| EPIROC NORGE AS | 6.0% | 30.2% | 571 MNOK |
| RESPONSE NORDIC AS | 3.0% | 35.3% | 548 MNOK |
| NG MENY ØST AS | 2.6% | 44.5% | 5,843 MNOK |
| METSO NORWAY AS | 4.9% | 20.5% | 534 MNOK |
| NORDIC WILDFISH SALES AS | 3.0% | 31.8% | 687 MNOK |
| HALEON NORWAY AS | 2.3% | 31.3% | 557 MNOK |
| MUSTI NORGE AS | 3.1% | 31.2% | 1,201 MNOK |
| AJ PRODUKTER AS | 9.9% | 24.6% | 578 MNOK |
| PORSCHE NORGE AS | 2.8% | 20.7% | 1,924 MNOK |
| NG KIWI NORD AS | 0.4% | 63.3% | 1,614 MNOK |
| XXL GROSSIST NORGE AS | 16.0% | 29.1% | 2,880 MNOK |
| NORGESFÔR AS | 1.9% | 25.0% | 752 MNOK |
| AHLSELL NORGE AS | 4.6% | 34.1% | 8,059 MNOK |
| DAGLIGVARE GRUPPEN TROMSØ AS | 2.8% | 33.4% | 1,636 MNOK |
| ROCHE DIAGNOSTICS NORGE AS | 2.2% | 43.6% | 628 MNOK |
| URMAKER BJERKE AS | 6.4% | 29.0% | 603 MNOK |
| SEABORN AS | 2.1% | 25.7% | 9,797 MNOK |
| ECO- 1 BIOENERGI AS | 15.0% | 25.7% | 933 MNOK |
| BAMA STORKJØKKEN AS | 5.0% | 24.5% | 2,254 MNOK |
| SYNSAM GROUP NORWAY AS | 8.7% | 34.9% | 1,334 MNOK |
| DAIKIN AIRCONDITIONING NORWAY AS | 4.1% | 22.6% | 1,032 MNOK |
| ZEPPELIN POWER SYSTEMS NORWAY AS | 4.3% | 18.3% | 2,239 MNOK |
| EIDE SEAFOOD AS | 5.2% | 15.5% | 1,409 MNOK |
| KAPPAHL AS | 8.5% | 20.7% | 1,569 MNOK |
| NG MENY ØSTLANDET AS | 1.5% | 57.2% | 1,675 MNOK |
| LERØY NORGE AS | 1.7% | 45.0% | 853 MNOK |
| NORTØMMER AS | 1.5% | 28.0% | 2,365 MNOK |
| SIGNIFY NORWAY AS | 2.5% | 22.3% | 569 MNOK |
| SOLAR NORGE AS | 1.6% | 55.3% | 2,931 MNOK |
| LEGO NORGE AS | 5.6% | 13.1% | 590 MNOK |
| NG SPAR VEST AS | −0.3% | 75.5% | 818 MNOK |
| FJELLSPORT AS | 1.4% | 42.8% | 911 MNOK |
| NK ENERGI AS | 1.0% | 21.3% | 1,160 MNOK |
| CLARIANT OIL SERVICES SCANDINAVIA AS | 9.0% | 10.9% | 874 MNOK |
| ASKO NORD AS | 0.8% | 52.3% | 5,879 MNOK |
| LÆRE AS | 5.0% | 32.7% | 739 MNOK |
| BONAVENTURA SALES AS | 5.6% | 24.0% | 609 MNOK |
| NORWEGIAN SEAFOOD COMPANY AS | 2.2% | 33.1% | 1,189 MNOK |
| UNIL AS | 1.8% | 31.7% | 11,644 MNOK |
| HOLDBART AS | 4.0% | 30.0% | 579 MNOK |
| EUROSKO GRUPPEN AS | 0.6% | 52.9% | 1,113 MNOK |
| GEIA FOOD AS | 4.5% | 28.1% | 887 MNOK |
| ACTIVE BRANDS AS | −0.5% | 61.0% | 1,099 MNOK |
| NDI NORGE AS | 4.8% | 30.8% | 748 MNOK |
| Berggård Amundsen & Co AS | −1.2% | 41.8% | 2,858 MNOK |
| NORDLAKS SALES AS | 2.2% | 20.1% | 4,740 MNOK |
| MOLGAS NORWAY AS | −6.5% | 71.5% | 1,628 MNOK |
| TOYOTA BILIA AS | 2.7% | 35.7% | 2,366 MNOK |
| VENTISTÅL AS | 6.8% | 25.2% | 1,550 MNOK |
| CERTEGO AS | 6.1% | 18.3% | 676 MNOK |
| SØRLANDETS ELEKTRO ENGROS AS | 12.3% | 4.7% | 646 MNOK |
| NOKIAN DEKK AS | 5.0% | 24.0% | 1,527 MNOK |
| ALSO AS | 3.3% | 20.1% | 4,434 MNOK |
| HEDIN PERFORMANCE CARS AS | 1.1% | 38.9% | 1,054 MNOK |
| A/S SØRENSEN OG BALCHEN | 21.7% | 19.2% | 669 MNOK |
| BRITISH AMERICAN TOBACCO NORWAY AS | 32.1% | 7.4% | 2,753 MNOK |
| MOTEK AS | 4.8% | 37.7% | 1,211 MNOK |
| CERTAS ENERGY NORWAY AS | 2.9% | 44.5% | 5,630 MNOK |
| JUNGHEINRICH NORGE AS | 6.2% | 23.8% | 706 MNOK |
| ASKO ROGALAND AS | 1.2% | 46.6% | 7,827 MNOK |
| NORSK BUTIKKDRIFT AS | 2.3% | 50.7% | 10,138 MNOK |
| TOYOTA ROMERIKE AS | 3.9% | 28.1% | 1,074 MNOK |
| NG MENY VESTFOLD TELEMARK AS | 0.3% | 70.1% | 1,239 MNOK |
| SWEDISH MATCH SALES NORWAY AS | 14.7% | 0.3% | 2,801 MNOK |
| ELLOS NORWAY AS | −1.4% | 57.4% | 614 MNOK |
| BIK BOK AS | −6.3% | 77.5% | 558 MNOK |
| NORGESGRUPPEN SPAR MIDT-NORGE AS | 0.5% | 54.0% | 551 MNOK |
| ASKO OSLOFJORD AS | 0.7% | 36.0% | 17,270 MNOK |
| VARTDAL PLASTINDUSTRI AS | 2.4% | 25.6% | 1,260 MNOK |
| K. EKRHEIM AS | −0.2% | 47.8% | 1,970 MNOK |
| ASKO AGDER AS | 1.3% | 41.8% | 6,571 MNOK |
| ASKO OPPLAND AS | 0.8% | 42.4% | 2,400 MNOK |
| VOLT FASHION AS | 0.1% | 52.8% | 502 MNOK |
| MARS NORGE AS | 28.8% | 3.2% | 908 MNOK |
| VESO AS | 2.3% | 24.6% | 1,234 MNOK |
| OLJELEVERANDØREN AS | 2.0% | 26.3% | 769 MNOK |
| AS BLOMSTERRINGEN ENGROS | 0.6% | 41.4% | 1,428 MNOK |
| GEBERIT AS | 2.9% | 38.6% | 524 MNOK |
| NORMARINE AS | 5.2% | 17.6% | 661 MNOK |
| NAMRON AS | 4.8% | 21.2% | 1,109 MNOK |
| KID INTERIØR AS | 17.9% | 13.0% | 2,338 MNOK |
| LYKO AS | 2.9% | 16.8% | 917 MNOK |
| NG SPAR ROGALAND AS | 0.9% | 47.4% | 547 MNOK |
| ASKO HEDMARK AS | 1.7% | 40.1% | 8,689 MNOK |
| NORCAR AS | 7.3% | 1.0% | 796 MNOK |
| PREEM NORGE AS | 0.9% | 41.1% | 6,696 MNOK |
| HP NORGE AS | 0.6% | 40.7% | 905 MNOK |
| STORA ENSO SKOG AS | −0.1% | 43.1% | 1,296 MNOK |
| KROKEN CARAVAN AS | −3.9% | 32.6% | 605 MNOK |
| BUNKER OIL AS | 1.3% | 38.8% | 9,241 MNOK |
| POLAR SEAFROZEN AS | 2.4% | 15.8% | 706 MNOK |
| TEXCON AS | 0.3% | 34.4% | 1,082 MNOK |
| ESSITY NORWAY AS | 12.1% | 7.0% | 1,995 MNOK |
| SKAAR NORWAY AS | 1.6% | 21.2% | 791 MNOK |
| PAULIG NORWAY AS | 4.0% | 13.8% | 643 MNOK |
| NG MENY VEST AS | 2.1% | 49.5% | 2,114 MNOK |
| KOMPLETT DISTRIBUSJON AS | 0.6% | 46.4% | 3,848 MNOK |
| AVIATION FUELLING SERVICES NORWAY AS | 5.0% | 19.3% | 3,299 MNOK |
| ARROW ECS NORWAY AS | 2.3% | 19.6% | 3,023 MNOK |
| NASTA AS | 2.7% | 33.2% | 1,352 MNOK |
| OCEAN SUPREME AS | 2.1% | 28.0% | 1,848 MNOK |
| WÜRTH NORGE AS | −1.8% | 64.5% | 1,924 MNOK |
| HELGØ MENY ROGALAND AS | −0.5% | 56.8% | 1,168 MNOK |
| VARNER AS | 3.7% | 95.2% | 823 MNOK |
| MALORAMA AS | 5.6% | 19.4% | 2,287 MNOK |
| PROSHOP AS | 3.2% | 3.6% | 540 MNOK |
| ASKO ØST AS | 0.5% | 40.7% | 6,315 MNOK |
| ATEA AS | 4.0% | 20.1% | 8,693 MNOK |
| JYSK AS | 10.8% | 20.7% | 3,128 MNOK |
| NORLI AS | 4.7% | 27.9% | 1,766 MNOK |
| BLUE ENERGY AS | 3.9% | 30.8% | 869 MNOK |
| BAXT AS | 4.0% | 14.0% | 1,290 MNOK |
| SMARTOPTICS AS | 3.2% | 13.0% | 597 MNOK |
| CIRCLE K AS | −12.7% | 54.6% | 1,216 MNOK |
| NG MENY ØSTFOLD AS | −0.4% | 58.4% | 885 MNOK |
| HARILA AS | 2.1% | 32.4% | 730 MNOK |
| ASKO VEST AS | 1.5% | 32.5% | 12,382 MNOK |
| CHEFFELO NORWAY AS | −0.2% | 58.2% | 531 MNOK |
| NG SPAR INNLAND AS | −0.2% | 60.3% | 1,048 MNOK |
| HEIDENREICH AS | −6.9% | 66.1% | 1,998 MNOK |
| TOOLS AS | 0.4% | 32.6% | 2,405 MNOK |
| SUNDE EPS AS | 1.0% | 31.1% | 970 MNOK |
| TOYOTA SØRVEST AS | 2.1% | 25.4% | 932 MNOK |
| VOICE NORGE AS | 9.5% | 16.3% | 2,215 MNOK |
| SOLBERG BIL AS | 1.3% | 18.0% | 528 MNOK |
| POLAR QUALITY AS | 1.7% | 18.7% | 4,849 MNOK |
| NILLE AS | 1.2% | 43.5% | 1,668 MNOK |
| GASUM AS | 4.6% | 19.4% | 4,229 MNOK |
| DANFOSS AS | 3.7% | 16.8% | 519 MNOK |
| COD-EXPORT AS | 1.7% | 21.6% | 659 MNOK |
| BRAVO SEAFOOD AS | 1.2% | 20.5% | 2,377 MNOK |
| ULTIMATE NORDIC AS | 0.9% | 27.5% | 513 MNOK |
| TETRA PAK NORGE AS | 1.6% | 12.9% | 506 MNOK |
| HEWLETT-PACKARD NORGE AS | 2.7% | 13.3% | 3,302 MNOK |
| NG MENY MIDT-NORGE AS | 3.2% | 27.3% | 708 MNOK |
| KOSAN GAS NORGE AS | 7.2% | 14.4% | 519 MNOK |
| POWER NORGE AS | 2.0% | 27.9% | 7,309 MNOK |
| BILPAVILJONGEN AS | 2.5% | 17.1% | 615 MNOK |
| NORWELL AS | 0.7% | 24.2% | 2,927 MNOK |
| APOTEK 1 GRUPPEN AS | 6.2% | 7.3% | 17,735 MNOK |
| ICE SEAFOOD AS | 2.8% | 7.3% | 1,390 MNOK |
| T MYHRVOLD AS | 0.7% | 31.0% | 515 MNOK |
| ENTRACK AS | 1.5% | 17.6% | 717 MNOK |
| WULFF & CO AS | 3.3% | 11.2% | 762 MNOK |
| SANOFI-AVENTIS NORGE AS | 6.0% | 4.1% | 844 MNOK |
| ALLIANCE HEALTHCARE NORGE APOTEKDRIFT AS | 0.2% | 46.4% | 5,041 MNOK |
| Aktieselskapet Vinmonopolet | 0.8% | 25.2% | 18,672 MNOK |
| NORSK GJENVINNING DOWNSTREAM AS | 8.6% | 7.8% | 585 MNOK |
| Miele A/S | 2.7% | 39.3% | 502 MNOK |
| Akershus Traktor A/S | 3.7% | 22.5% | 1,424 MNOK |
| ADIDAS NORGE AS | 2.3% | 16.0% | 633 MNOK |
| MSD (NORGE) AS | 3.7% | 14.2% | 812 MNOK |
| IMPERIAL BRANDS NORWAY AS | 6.0% | 1.1% | 1,596 MNOK |
| ALLIANCE HEALTHCARE NORGE AS | 1.2% | 29.8% | 11,864 MNOK |
| KRAEMER MARITIME AS | 0.5% | 22.7% | 1,270 MNOK |
| TESS LOGISTIKK AS | 2.1% | 19.4% | 1,033 MNOK |
| Harald A Møller AS | 4.2% | 14.9% | 17,962 MNOK |
| ORIFARM HEALTHCARE AS | 2.0% | 19.6% | 664 MNOK |
| ASKO MIDT-NORGE AS | 0.4% | 42.2% | 7,469 MNOK |
| FRESENIUS KABI NORGE AS | 6.0% | 35.5% | 1,314 MNOK |
| DELAVAL AS | 4.7% | 5.6% | 687 MNOK |
| MSD ANIMAL HEALTH NORGE AS | 2.6% | 16.2% | 726 MNOK |
| EPLEHUSET NORGE AS | 0.3% | 34.5% | 1,403 MNOK |
| BIL I NORD AS | 1.8% | 25.0% | 1,658 MNOK |
| SEKKINGSTAD AS | 0.8% | 21.1% | 4,744 MNOK |
| SCHNEIDER ELECTRIC NORGE AS | 4.9% | 33.6% | 2,145 MNOK |
| CC VEST MAT AS | 9.5% | 2.5% | 518 MNOK |
| NG MENY SØR AS | −0.6% | 59.7% | 1,248 MNOK |
| NOVO NORDISK NORWAY AS | 3.5% | 0.5% | 2,993 MNOK |
| SULLAND ØSTFOLD AS | 2.2% | 23.1% | 634 MNOK |
| Elkem International AS | 4.3% | 27.4% | 766 MNOK |
| ASKO OSLO AS | 1.4% | 22.0% | 13,530 MNOK |
| GLANDER INTERNATIONAL BUNKERING (NORWAY) AS | 0.9% | 22.1% | 8,121 MNOK |
| REMA DISTRIBUSJON NORGE AS | 1.4% | 21.2% | 36,385 MNOK |
| XL-BYGG SØRVEST AS | 1.1% | 25.7% | 533 MNOK |
| MØLLER SPORTSBILER ASKER & BÆRUM AS | −1.3% | 15.8% | 597 MNOK |
| JÆGER SENTRUM AS | 2.3% | 31.4% | 851 MNOK |
| L'OREAL NORGE AS | 5.2% | 10.7% | 1,386 MNOK |
| HESSELBERG AS | 2.2% | 20.3% | 1,630 MNOK |
| MONDELEZ NORGE AS | 1.9% | 30.0% | 2,704 MNOK |
| ST1 NORGE AS | 1.0% | 46.3% | 17,741 MNOK |
| FUNCTION AS | 1.4% | 22.3% | 521 MNOK |
| MIDT-NORGE MASKINSENTER AS | 3.3% | 20.5% | 672 MNOK |
| D. DANIELSEN AS | 0.9% | 22.0% | 653 MNOK |
| SJØFRISK NORGE AS | 4.3% | 0.6% | 1,110 MNOK |
| INDITEX NORGE AS | 12.2% | 15.2% | 958 MNOK |
| AIRPORT RETAIL NORWAY AS | 2.4% | 19.3% | 695 MNOK |
| KVARØY SALMON AS | 5.0% | 0.7% | 1,009 MNOK |
| ARVID NORDQUIST NORGE AS | 3.2% | 0.3% | 577 MNOK |
| NERGÅRD SEAFOOD AS | 1.4% | 7.9% | 1,943 MNOK |
| Gausdal Landhandleri AS | −2.0% | 47.9% | 1,705 MNOK |
| ICE FISH AS | 2.6% | 23.2% | 1,218 MNOK |
| KNAPPHUS ENERGI AS | 1.0% | 28.0% | 1,206 MNOK |
| NG MENY BUSKERUD AS | −0.2% | 57.5% | 1,124 MNOK |
| SULLAND AUTO AS | 2.5% | 26.6% | 1,726 MNOK |
| FORD MOTOR NORGE AS | 1.3% | 11.6% | 4,692 MNOK |
| NORGESGRUPPEN ASA | −39.1% | 40.3% | 590 MNOK |
| GINA TRICOT AS | 2.0% | 10.9% | 756 MNOK |
| BYGGMAKKER HANDEL AS | −2.0% | 51.2% | 6,214 MNOK |
| XYLEM WATER SOLUTIONS NORGE AS | 3.4% | 14.6% | 839 MNOK |
| ORICA NORWAY AS | −8.3% | 55.8% | 745 MNOK |
| JANSSEN-CILAG AS | 4.2% | 12.6% | 1,385 MNOK |
| HEDIN AUTOMOTIVE BAVARIA AS | 1.7% | 28.8% | 3,357 MNOK |
| MØLLER SPORTSBILER OSLO AS | −16.6% | 15.7% | 599 MNOK |
| VIKEN AT MARKET AS | 1.5% | 11.4% | 1,115 MNOK |
| LINDBAK OFFICE AS | 0.3% | 40.0% | 615 MNOK |
| AGDER OLJE AS | 1.0% | 17.0% | 575 MNOK |
| MØLLER BIL TRØNDELAG AS | 1.9% | 14.9% | 2,032 MNOK |
| STAR SEAFOOD AS | 1.5% | 18.8% | 1,941 MNOK |
| PFIZER AS | 1.9% | 31.1% | 975 MNOK |
| ARK BOKHANDEL AS | 2.0% | 29.2% | 1,843 MNOK |
| EUROPRIS BUTIKKDRIFT AS | 4.3% | 13.9% | 8,323 MNOK |
| COLDWATER PRAWNS OF NORWAY AS | 1.1% | 3.4% | 653 MNOK |
| JÆREN OLJE AS | 1.3% | 14.2% | 592 MNOK |
| FRAM SEAFOOD AS | 0.7% | 26.7% | 1,340 MNOK |
| VOLVO CAR STOR-OSLO AS | 4.5% | 20.1% | 2,153 MNOK |
| MESTERGRUPPEN BYGGEVARE AS | 5.2% | 15.0% | 8,126 MNOK |
| INEOS SALES NORGE AS | 0.2% | 18.0% | 1,813 MNOK |
| ASKO SENTRALLAGER KJØL AS | 0.8% | 22.1% | 19,269 MNOK |
| BESTSELLER AS | 1.9% | 16.9% | 1,123 MNOK |
| NORSK MEDISINALDEPOT AS | 5.1% | 18.5% | 10,921 MNOK |
| TECHSTEP NORWAY AS | 0.6% | 43.8% | 675 MNOK |
| BARE FRUKT & GRØNT AS | 2.7% | 10.0% | 5,357 MNOK |
| INFINIGATE AS | 2.2% | 10.5% | 548 MNOK |
| GRIEG SEAFOOD SALES AS | 2.9% | 8.1% | 5,251 MNOK |
| MØLLER BIL BRUKTBIL AS | −3.5% | 15.0% | 833 MNOK |
| BERGEN BUNKERS AS | 0.5% | 24.2% | 3,517 MNOK |
| AS SPAR KJØP | −11.0% | 50.0% | 917 MNOK |
| NOR SEAFOODS AS | 2.2% | 15.8% | 2,630 MNOK |
| KINLY AS | 5.6% | 7.8% | 738 MNOK |
| NORGESGRUPPEN DATA AS | 0.8% | 27.4% | 1,413 MNOK |
| BARILLA NORGE AS | 4.5% | 3.2% | 607 MNOK |
| MØLLER BIL ROMERIKE AS | 0.2% | 15.3% | 1,824 MNOK |
| VINHUSET AS | −1.6% | 32.7% | 1,180 MNOK |
| NORDIC GROUP AS | 1.1% | 19.7% | 1,211 MNOK |
| BAMA BLOMSTER SOURCING AS | 1.4% | 15.0% | 840 MNOK |
| SPORT HOLDING AS | 0.4% | 30.1% | 2,985 MNOK |
| MHSERVICE AS | 0.8% | 29.0% | 1,177 MNOK |
| HALLGRUPPEN AS | 1.6% | 22.3% | 771 MNOK |
| LERØY SEAFOOD AS | 2.4% | 11.3% | 23,665 MNOK |
| NORWEGIAN SEAFOOD AS | 0.6% | 10.0% | 3,152 MNOK |
| GRANDAHL BIL AS | 4.3% | 28.7% | 539 MNOK |
| CANON NORGE AS | −0.4% | 39.7% | 1,017 MNOK |
| SANDVIK NORGE AS | 4.8% | 13.9% | 568 MNOK |
| BAMA DAGLIGVARE AS | 2.2% | 10.0% | 8,693 MNOK |
| DUSTIN NORWAY AS | 1.4% | 19.8% | 2,846 MNOK |
| INPUT INTERIOR NORWAY AS | 0.8% | 22.6% | 754 MNOK |
| JELD-WEN NORGE AS | 2.0% | 12.8% | 669 MNOK |
| ASKO VESTFOLD TELEMARK AS | 1.3% | 24.9% | 6,467 MNOK |
| H & M HENNES & MAURITZ AS | 3.5% | 9.4% | 4,772 MNOK |
| AS NESTLÉ NORGE | 3.0% | 2.5% | 1,563 MNOK |
| POLESTAR AUTOMOTIVE NORWAY AS | 1.3% | 9.7% | 1,223 MNOK |
| TEKNISK BUREAU AS | −0.3% | 31.1% | 543 MNOK |
| NORPOT AS | 0.3% | 13.3% | 541 MNOK |
| TOYOTA ØSTFOLD AS | 1.7% | 25.0% | 728 MNOK |
| IKEA AS | 2.2% | 15.4% | 8,812 MNOK |
| YX NORGE AS | 1.0% | 29.1% | 3,258 MNOK |
| AIR BP NORWAY AS | −1.1% | 49.3% | 2,954 MNOK |
| BAMA GRUPPEN AS | 0.2% | 23.4% | 12,864 MNOK |
| KOMPLETT SERVICES AS | 1.5% | 22.6% | 5,034 MNOK |
| NORDISK INTERACTIVE AS | 5.5% | 4.7% | 1,042 MNOK |
| BARNAS HUS NORGE AS | 1.3% | 15.6% | 787 MNOK |
| DRIV ENERGI AS | 0.8% | 8.2% | 4,815 MNOK |
| VIATRIS AS | 2.0% | 12.3% | 752 MNOK |
| Brødrene Dahl A/S | 1.1% | 25.8% | 7,424 MNOK |
| SNUSHJEM.NO AS | 0.4% | 14.8% | 920 MNOK |
| JERNIA AS | −0.2% | 40.9% | 953 MNOK |
| LYRECO NORGE AS | −3.8% | 39.2% | 1,861 MNOK |
| BMW NORGE AS | 0.5% | 10.6% | 4,956 MNOK |
| TESLA NORWAY AS | 1.5% | 14.6% | 13,577 MNOK |
| BERTEL O STEEN MØRE OG ROMSDAL AS | −1.8% | 29.2% | 646 MNOK |
| ASKO SENTRALLAGER OG TRANSPORT AS | −0.2% | 22.3% | 15,177 MNOK |
| JERNIA DETALJ AS | −1.2% | 29.7% | 969 MNOK |
| SJOR AS | 1.8% | 12.8% | 4,495 MNOK |
| KOLLY AS | −1.8% | 6.4% | 4,308 MNOK |
| VOLVO MASKIN AS | 4.4% | 14.5% | 4,326 MNOK |
| KIA BIL NORGE AS | 0.4% | 24.3% | 939 MNOK |
| EIKMASKIN AS | 3.8% | 10.4% | 2,775 MNOK |
| MAN TRUCK & BUS NORGE AS | 4.1% | 7.4% | 1,391 MNOK |
| SKEIDAR SUPPLY CHAIN AS | 0.5% | 1.7% | 1,161 MNOK |
| ROBERT BOSCH AS | −0.6% | 22.6% | 625 MNOK |
| PLATINA SEAFOOD AS | −0.2% | 14.3% | 2,409 MNOK |
| ELKJØP NORDIC AS | −0.2% | 17.6% | 40,506 MNOK |
| KNAPPHUS ENERGI BERGEN AS | 0.4% | 17.6% | 558 MNOK |
| AUTORINGEN OSLO AS | 0.1% | 16.0% | 1,191 MNOK |
| NORTH SEA SEAFOOD AS | 0.5% | 13.0% | 3,291 MNOK |
| FOXWAY AS | −1.7% | 36.1% | 785 MNOK |
| RUTEBILEIERNES STANDARDISERINGSAKSJESELSKAP | −5.1% | 26.2% | 3,691 MNOK |
| BR KARLSEN SALES AS | 0.2% | 1.5% | 1,022 MNOK |
| TRAVEL RETAIL NORWAY AS | 0.3% | 14.1% | 4,903 MNOK |
| BOHUS LOGISTIKK AS | 0.3% | 9.7% | 1,702 MNOK |
| BERTEL O. STEEN LASTEBIL OG BUSS AS | −0.5% | 32.3% | 813 MNOK |
| FLISEKOMPANIET AS | −9.8% | 25.9% | 631 MNOK |
| COUNT ENERGY TRADING AS | 0.0% | 2.9% | 17,754 MNOK |
| ELECTROLUX HOME PRODUCTS NORWAY AS | 1.4% | 7.9% | 1,140 MNOK |
| SAS OIL NORWAY AS | 0.4% | 0.3% | 769 MNOK |
| NIO NORWAY AS | −44.6% | 27.6% | 562 MNOK |
| VB HANDEL AS | 1.1% | 11.3% | 925 MNOK |
| BERTEL O STEEN AS | −2.2% | 37.6% | 8,634 MNOK |
| ZEPPELIN CONSTRUCTION EQUIPMENT NORWAY AS | 0.7% | 18.4% | 3,024 MNOK |
| FENOR AS | −5.8% | 17.1% | 895 MNOK |
| XPENG MOTORS (NORWAY) AS | 0.9% | −2.5% | 1,273 MNOK |
| ESSO NORGE AS | −1.9% | 20.3% | 21,643 MNOK |
| RØRKJØP AS | −0.6% | 23.6% | 858 MNOK |
| ZAPTEC CHARGER AS | −0.1% | 7.5% | 1,041 MNOK |
| CONTINENTAL DEKK NORGE AS | 3.1% | 0.3% | 1,075 MNOK |
| ELEKTROIMPORTØREN NORGE AS | 0.6% | 14.4% | 1,466 MNOK |
| E.A. SMITH AS | −3.8% | 23.0% | 3,599 MNOK |
| ODA NORWAY AS | −7.3% | 0.1% | 3,532 MNOK |
| WEST-NORWAY AS | 1.4% | 11.1% | 1,079 MNOK |
| MEDIVATUS AS | −3.8% | 3.8% | 667 MNOK |
| CIRCLE K DETALJIST AS | 3.3% | −2.0% | 1,622 MNOK |
| DELL AS | 1.2% | 1.4% | 2,330 MNOK |
| CERTAS ENERGY FUELS AS | −0.7% | 25.9% | 1,944 MNOK |
| MODINO AS | −0.1% | 22.6% | 1,962 MNOK |
| VOLVO CAR NORWAY AS | 1.2% | 4.6% | 6,012 MNOK |
| OUTLET GROUP AS | 0.4% | 2.1% | 784 MNOK |
| TD SYNNEX NORWAY AS | −0.8% | 14.0% | 2,298 MNOK |
| OPTIMERA AS | −1.6% | 17.7% | 11,164 MNOK |
| PLANTASJEN NORGE AS | −22.3% | 33.0% | 2,303 MNOK |
| CIRCLE K NORGE AS | −0.1% | 27.7% | 17,138 MNOK |
| ELKJØP NORGE AS | 0.9% | 8.7% | 13,891 MNOK |
| NORTH EUROPEAN OIL TRADE AS | 0.2% | 2.4% | 16,353 MNOK |
| TOYOTA NORGE AS | 2.2% | 0.5% | 8,446 MNOK |
| HALTBAKK LOGISTICS AS | 0.6% | 10.0% | 588 MNOK |
| HOFSETH SALES AS | 0.7% | 1.1% | 5,749 MNOK |
| POWER INTERNATIONAL AS | −0.6% | −8.3% | 16,905 MNOK |
| AUTORIA BIL AS | −1.7% | 14.3% | 1,380 MNOK |
| HAVI LOGISTICS AS | 0.0% | 2.0% | 1,336 MNOK |
| EASEE AS | −9.4% | 24.6% | 590 MNOK |
| FARMASIET AS | −6.4% | −36.6% | 778 MNOK |
| NEUMANN BYGG AS | −2.7% | 5.7% | 1,799 MNOK |
| UNO-X MOBILITY NORGE AS | −0.4% | 12.1% | 17,073 MNOK |
| LIEBHERR-NORGE AS | −7.4% | −0.7% | 571 MNOK |
| BEKO NORDIC AS | −0.3% | 1.0% | 630 MNOK |
| PLANTASJEN SOURCE NORGE AS | −10.9% | −36.5% | 707 MNOK |
| MAXBO AS | −5.9% | 11.7% | 4,307 MNOK |
| NORWEGIAN AGRO MACHINERY AS | −3.6% | −3.2% | 805 MNOK |
| MB ENERGY AS | −4.6% | 3.4% | 1,258 MNOK |
| XXL SPORT & VILLMARK AS | −27.4% | −33.2% | 3,693 MNOK |
| BESTDRIVE NORWAY AS | −11.1% | −32.2% | 732 MNOK |
Scenario analysis: the sector's weakest year
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.
| Fiscal year | Median operating margin | Median equity ratio |
|---|---|---|
| 2016 | 14.9% | −59.5% |
| 2017 | 3.7% | −53.9% |
| 2018 | 13.3% | −34.0% |
| 2019 | – | – |
| 2020 | – | – |
| 2021 | 14.9% | 48.0% |
| 2022 · weakest year | 1.5% | 19.7% |
| 2023 | 2.9% | 34.3% |
| 2024 | 2.7% | 34.1% |
| 2025 | 3.0% | 33.7% |
| 2026 | 4.4% | 28.9% |
In 2022, 123 ranked companies did better than the sector, 49 about the same and 118 weaker.
Held up best in 2022
- 1MARITIM GRUPPEN ASequity ratio 63.9%92.4%
- 2TESA ASequity ratio 32.0%47.0%
- 3RETAIL & BRANDING ASequity ratio 13.6%41.5%
- 4PASCAL WEAR ASequity ratio 40.5%39.8%
- 5SAMIRC NORGE ASequity ratio 51.2%36.5%
- 6FLEXIFIKS ASequity ratio 53.9%34.9%
- 7OSLO FRIMERKE- OG MYNTAUKSJONER ASequity ratio 33.8%32.5%
- 8SEVEN AGENCY ASequity ratio 80.5%31.6%
- 9LA COSMETICA ASequity ratio 74.7%31.2%
- 10COMBISAFE NORGE ASequity ratio 85.4%29.9%
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 0.3 percentage points.
| 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 | 14.9% | 1.5% | 2.9% | 2.7% | 3.0% | 4.4% |
Source: SSB (14710, CC BY 4.0). Source · fetched 31 October 2026
Policy rate (prosent)
Latest value: 4.30 (2026-09)
Policy rate fell 0.20 percentage points in 2025; the sector's median operating margin rose 0.3 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 | 14.9% | 1.5% | 2.9% | 2.7% | 3.0% | 4.4% |
Source: Norges Bank (IR, NLOD 2.0). Source · fetched 30 October 2026
When policy rate fell in 2025, 11,351 of 22,103 ranked companies kept their operating margin at or above the year before. Among the largest: ELKJØP NORDIC AS (−0.2% → 0.9%), LERØY SEAFOOD AS (2.4% → 2.8%), Harald A Møller AS (4.2% → 5.1%), ASKO SENTRALLAGER KJØL AS (0.8% → 1.1%), POWER INTERNATIONAL AS (−0.6% → 1.0%).
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
- 48,396
- −2.2% from 2023
- Persons employed
- 384,188
- −0.6% from 2023
- Turnover
- NOK 2,381.9 bn
- +1.6% from 2023
- Gross operating margin
- 3.7%
- Gross operating surplus divided by turnover
All enterprises, sole proprietorships included.
Bankruptcies in the industry
574 enterprise bankruptcies in the last four quarters (2025K4–2026K3). Change −22.2% against the four quarters before (738). That is about 11.9 per 1,000 enterprises.
Foreign-controlled enterprises · 2024
- Share of enterprises
- 6.2%
- Share of persons employed
- 25.1%
- Share of turnover
- 32.0%
SSB publishes this for groups of industries only. The figures are for the group “Varehandel, reparasjon av motorvogner”.
Retail and wholesale index, volume · Varehandel, reparasjon av motorvogner
95.7 index, 2021 = 100, seasonally adjusted · 2026M09
+3.1% against 2025M09.
Monthly, 2023M09 to 2026M09.
Source: Statistics Norway (SSB), table 12910, table 10790, table 08085, table 07129. 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
- AARVIK LAGER AS 922843759 Voluntary liquidation · 31 October 2026
- AGDER STEIN & MONUMENT AS 921405855 Voluntary liquidation · 31 October 2026 · 4 MNOK (2025)
- ANTIKVARIAT SØR AS 923049967 Voluntary liquidation · 31 October 2026 · 0 MNOK (2025)
- ARNE MJØSUND AS 992562854 Voluntary liquidation · 31 October 2026 · 1 MNOK (2025)
- ATELIÈR AGAPI AS 928460851 Voluntary liquidation · 31 October 2026 · 0 MNOK (2025)
- BASE TRADING AS 922018170 Voluntary liquidation · 31 October 2026
- BEDRE HVERDAG AS 921190409 Voluntary liquidation · 31 October 2026 · 0 MNOK (2025)
- BIL INDUSTRI AS 916247362 Voluntary liquidation · 31 October 2026 · 1 MNOK (2025)
Industry codes (NACE)
| Code | Description |
|---|---|
| 45* | Hele hovedgruppe 45 |
| 46* | Engroshandel (hele hovedgruppen) |
| 46.110 | Agenturhandel med jordbruksråvarer, levende dyr, tekstilråvarer og halvfabrikater |
| 46.120 | Agenturhandel med brensel, drivstoff, malm, metaller og industrikjemikalier |
| 46.130 | Agenturhandel med tømmer, trelast og byggevarer |
| 46.140 | Agenturhandel med maskiner, produksjonsutstyr, båter og luftfartøy |
| 46.150 | Agenturhandel med møbler, husholdningsvarer og jernvarer |
| 46.160 | Agenturhandel med tekstiler, klær, pelsskinn, skotøy og lærvarer |
| 46.170 | Agenturhandel med nærings- og nytelsesmidler |
| 46.180 | Agenturhandel med spesialisert vareutvalg ellers |
| 46.190 | Agenturhandel med bredt vareutvalg |
| 46.210 | Engroshandel med korn, råtobakk, såvarer og fôrvarer |
| 46.220 | Engroshandel med blomster og planter |
| 46.230 | Engroshandel med levende dyr |
| 46.240 | Engroshandel med huder, skinn og lær |
| 46.310 | Engroshandel med frukt og grønnsaker |
| 46.321 | Engroshandel med kjøtt og kjøttvarer |
| 46.322 | Engroshandel med fisk, skalldyr og bløtdyr |
| 46.330 | Engroshandel med meierivarer, egg, matolje og -fett |
| 46.340 | Engroshandel med drikkevarer |
| 46.350 | Engroshandel med tobakksvarer |
| 46.360 | Engroshandel med sukker, sjokolade og sukkervarer |
| 46.370 | Engroshandel med kaffe, te, kakao og krydder |
| 46.380 | Engroshandel med andre næringsmidler |
| 46.390 | Engroshandel med bredt utvalg av nærings- og nytelsesmidler |
| 46.410 | Engroshandel med tekstiler og utstyrsvarer |
| 46.420 | Engroshandel med klær og skotøy |
| 46.430 | Engroshandel med elektriske husholdningsapparater |
| 46.440 | Engroshandel med kjøkkenutstyr av porselen, glass og steintøy og rengjøringsmidler |
| 46.450 | Engroshandel med parfyme og kosmetikk |
| 46.460 | Engroshandel med apotekvarer og medisinske varer |
| 46.470 | Engroshandel med husholdnings-, kontor- og butikkmøbler, gulvtepper og belysningsutstyr |
| 46.480 | Engroshandel med klokker, ur og smykker |
| 46.490 | Engroshandel med andre husholdningsvarer |
| 46.500 | Engroshandel med informasjons- og kommunikasjonsteknologiutstyr |
| 46.610 | Engroshandel med maskiner og utstyr til jordbruk og skogbruk |
| 46.620 | Engroshandel med maskinverktøy |
| 46.630 | Engroshandel med maskiner og utstyr til bergverksdrift, olje- og gassutvinning og bygge- og anleggsvirksomhet |
| 46.640 | Engroshandel med maskiner og utstyr ellers |
| 46.710 | Engroshandel med motorvogner |
| 46.720 | Engroshandel med deler og utstyr for motorvogner |
| 46.730 | Engroshandel med motorsykler og tilhørende deler og utstyr |
| 46.810 | Engroshandel med drivstoff, brensel og beslektede produkter |
| 46.820 | Engroshandel med metaller og metallholdig malm |
| 46.830 | Engroshandel med tømmer, trelast, byggevarer og sanitærutstyr |
| 46.840 | Engroshandel med jernvarer, rørleggerartikler og oppvarmingsutstyr |
| 46.850 | Engroshandel med kjemiske produkter |
| 46.860 | Engroshandel med innsatsvarer ellers |
| 46.870 | Engroshandel med avfall og skrap |
| 46.890 | Engroshandel med spesialisert vareutvalg ikke nevnt annet sted |
| 46.900 | Uspesifisert engroshandel |
| 47* | Detaljhandel (hele hovedgruppen) |
| 47.110 | Detaljhandel med bredt vareutvalg med hovedvekt på nærings- og nytelsesmidler |
| 47.120 | Detaljhandel med bredt vareutvalg ellers |
| 47.210 | Detaljhandel med frukt og grønnsaker |
| 47.220 | Detaljhandel med kjøtt og kjøttvarer |
| 47.230 | Detaljhandel med fisk, skalldyr og bløtdyr |
| 47.240 | Detaljhandel med bakervarer, konditorvarer og sukkervarer |
| 47.250 | Detaljhandel med drikkevarer |
| 47.260 | Detaljhandel med tobakksvarer |
| 47.270 | Detaljhandel med nærings- og nytelsesmidler ellers |
| 47.300 | Detaljhandel med drivstoff til motorvogner |
| 47.400 | Detaljhandel med informasjons- og kommunikasjonsteknologiutstyr |
| 47.510 | Detaljhandel med tekstiler og utstyrsvarer |
| 47.520 | Detaljhandel med jernvarer, byggevarer, fargevarer og glass |
| 47.530 | Detaljhandel med tapet, gulvtepper og gulvbelegg |
| 47.540 | Detaljhandel med elektriske husholdningsapparater |
| 47.551 | Detaljhandel med møbler, gjelder også madrasser |
| 47.552 | Detaljhandel med belysningsartikler |
| 47.553 | Detaljhandel med husholdningsredskaper og bestikk, servise, glassvarer, porselen og keramikk |
| 47.559 | Detaljhandel med innredningsartikler ikke nevnt annet sted |
| 47.610 | Detaljhandel med bøker |
| 47.620 | Detaljhandel med aviser og papirvarer |
| 47.631 | Detaljhandel med sportsvarer |
| 47.632 | Detaljhandel med fritidsbåter og tilhørende utstyr |
| 47.640 | Detaljhandel med spill og leker |
| 47.690 | Detaljhandel med kulturvarer ikke nevnt annet sted |
| 47.710 | Detaljhandel med klær |
| 47.720 | Detaljhandel med skotøy og lærvarer |
| 47.730 | Detaljhandel med apotekvarer |
| 47.740 | Detaljhandel med medisinske og ortopediske artikler |
| 47.750 | Detaljhandel med kosmetikk og toalettartikler |
| 47.761 | Detaljhandel med blomster, planter, gjødsel og plantevernmidler |
| 47.762 | Detaljhandel med kjæledyr og varer til kjæledyr |
| 47.770 | Detaljhandel med ur, klokker og smykker |
| 47.780 | Annen detaljhandel med andre nye varer |
| 47.790 | Detaljhandel med brukte varer |
| 47.810 | Detaljhandel med motorvogner |
| 47.820 | Detaljhandel med deler og utstyr til motorvogner |
| 47.830 | Detaljhandel med motorsykler og tilhørende deler og utstyr |
| 47.910 | Formidlingstjenester tilknyttet detaljhandel med bredt vareutvalg |
| 47.920 | Formidlingstjenester tilknyttet detaljhandel med spesialisert vareutvalg |