Sector
Retail and wholesale
FollowDownload sector report (PDF)23,059 companies ranked against comparable companies in four Morning company classes. Fiscal year 2025. Source: Brønnøysund Register Centre. Methodology
Ranking · 2025 · 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
- MEKO NORWAY AS−37
From 2024 to 2025: went from a profit to a loss before tax and the operating margin fell from 8.3% to 1.2%.
- RUTEBILEIERNES STANDARDISERINGSAKSJESELSKAP+33
From 2024 to 2025: went from a loss to a profit before tax and the operating margin rose from −5.1% to 5.4%.
- EIDE SEAFOOD AS−30
From 2024 to 2025: went from a profit to a loss before tax and the operating margin fell from 5.2% to −4.3%.
- HEWLETT-PACKARD NORGE AS−29
From 2024 to 2025: revenue fell by 30% and the operating margin fell from 2.7% to −0.4%.
Summary analysis
Handel, Morning class Large: 541 ranked companies in fiscal year 2025.
Best in the sector: STENSHAGEN INVEST AS (score 93, operating margin 99.4%, equity ratio 93.5%). NORSK EDELMETALLRAFFINERING AS (score 89, operating margin 10.0%, equity ratio 73.0%). BERTEL O. STEEN HOLDING AS (score 88, operating margin 99.1%, equity ratio 81.8%).
Weakest in the sector: KID SOURCING AS (score 8, operating margin −0.1%, equity ratio 0.3%). NORWEGIAN AGRO MACHINERY AS (score 9, operating margin −7.9%, equity ratio 6.7%). NORTH SEA SEAFOOD AS (score 11, operating margin −1.4%, equity ratio 8.8%).
Worth a closer look
- The median operating margin was about unchanged: 2.5% in 2024 and 2.5% in 2025.
- The median equity ratio rose from 28.8% in 2024 to 30.9% in 2025 (2.1 percentage points).
- The median revenue growth rose from 4.6% in 2024 to 6.9% in 2025 (2.3 percentage points).
- The share with a loss went from 15% in 2024 to 12% in 2025.
Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made
Top lists in the sector · 2025 · Morning class Large
The five largest companies account for 11% of the sector's revenue. Combined profit before tax for the 534 ranked companies: 59,949 MNOK.
Highest revenue
- ELKJØP NORDIC AS 39,834 MNOK
- REMA DISTRIBUSJON NORGE AS 37,829 MNOK
- LERØY SEAFOOD AS 25,239 MNOK
- Harald A Møller ASsubsidiary of MØLLER MOBILITY GROUP AS 25,025 MNOK
- ASKO SENTRALLAGER KJØL ASsubsidiary of ASKO NORGE AS 20,669 MNOK
Operating revenue.
Highest operating margin
- FERD HOLDING AS 99.9%
- STENSHAGEN INVEST ASsubsidiary of EGIL STENSHAGEN HOLDING AS 99.4%
- BERTEL O. STEEN HOLDING AS 99.1%
- REKAP 1 ASsubsidiary of REITAN AS 96.8%
- REITAN AS 93.1%
Operating result divided by operating revenue.
Largest profit
- FERD AS 5,400 MNOK
- FERD HOLDING AS 5,348 MNOK
- STENSHAGEN INVEST ASsubsidiary of EGIL STENSHAGEN HOLDING AS 2,851 MNOK
- CIRCLE K AS 2,850 MNOK
- NORGESGRUPPEN ASA 2,389 MNOK
Profit before tax.
Largest loss
- ESSO NORGE AS −577 MNOK
- PLANTASJEN NORGE AS −492 MNOK
- HELLY HANSEN AS −341 MNOK
- MOLGAS NORWAY AS −332 MNOK
- MAXBO AS −266 MNOK
Profit before tax, the largest negative.
Most solid
- FERD HOLDING AS 98.4%
- ARROW NORWAY AS 96.8%
- VARNER AS 94.4%
- STENSHAGEN INVEST ASsubsidiary of EGIL STENSHAGEN HOLDING AS 93.5%
- FERD AS 92.1%
Equity ratio: equity divided by total assets.
Fastest growth
- NORWEGIAN ENERGY TRADING AS +4,448.7%
- PREMIUM CARS STOR-OSLO AS +2,744.9%
- EUROBUS NORDIC AS +1,109.7%
- ZEEKR NORWAY AS +785.1%
- WAYNOR TRADING AS +685.9%
Revenue growth from the year before, only from at least NOK 10 million in revenue.
Largest revenue decline
- SCANDINAVIAN FITTINGS AND FLANGES AS −63.8%
- REITAN AS −51.6%
- COUNT ENERGY TRADING AS −48.1%
- NORDISK INTERACTIVE AS −36.1%
- SVERDRUP STEEL AS −35.9%
Revenue decline from the year before, only from at least NOK 10 million in revenue.
Biggest climbers
- RUTEBILEIERNES STANDARDISERINGSAKSJESELSKAP +33.6 points
- WEST-NORWAY AS +27.2 points
- KIA BIL NORGE AS +26.9 points
- GRANDAHL BIL AS +23.3 points
- CIRCLE K DETALJIST AS +22.9 points
Change in index points from the year before.
Biggest fallers
- MEKO NORWAY AS −36.5 points
- EIDE SEAFOOD AS −30.6 points
- HEWLETT-PACKARD NORGE AS −29.2 points
- SIGNIFY NORWAY AS −26.7 points
- SCANFISH NORWAY AS −24.6 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 806.4 MNOK
- POLAR QUALITY AS 473.9 MNOK
- PLATINA SEAFOOD AS 351.9 MNOK
- GLANDER INTERNATIONAL BUNKERING (NORWAY) AS 351.4 MNOK
- VIKEN AT MARKET AS 336.1 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 · 2025 · 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 2024 (small ring).
- EIDE SEAFOOD AS profitability 83 → 2, solidity 22 → 14
- CARLINGS AS profitability 4 → 83, solidity 95 → 93
- KVARØY SALMON AS profitability 84 → 7, solidity 3 → 2
- SCANFISH NORWAY AS profitability 57 → 36, solidity 92 → 20
- SCANDINAVIAN FITTINGS AND FLANGES AS profitability 94 → 51, solidity 35 → 87
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 2025 · Morning class Large
The sector's median operating margin is 2.5%. 2 of 541 companies have negative equity. The median equity ratio is 30.9%.
Companies with accounts541
Total revenue1,375,236 MNOK
Median operating margin2.5%
Median equity ratio30.9%
Share with a loss12%
Share with negative equity0%
All figures are for fiscal year 2025. Ranked: 541 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: 7 subsidiaries (31,393 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
- 10 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 2024 to 2025, for 476 companies ranked in both years.
Climbers
- 311RUTEBILEIERNES STANDARDISERINGSAKSJESELSKAPfrom rank 446 to 13561
- 259KIA BIL NORGE ASfrom rank 435 to 17657
- 246GRANDAHL BIL ASfrom rank 400 to 15459
- 218WEST-NORWAY ASfrom rank 468 to 25051
- 208BLUE ENERGY ASfrom rank 269 to 6170
Fallers
- 382MEKO NORWAY ASfrom rank 79 to 46132
- 321EIDE SEAFOOD ASfrom rank 181 to 50225
- 307SIGNIFY NORWAY ASfrom rank 186 to 49328
- 268SCANFISH NORWAY ASfrom rank 86 to 35444
- 260RESPONSE NORDIC ASfrom rank 160 to 42038
Awards · 2025 · Morning class Large
Needs attention · 2025 · Morning class Large
167 companies show at least one warning sign. Showing the 15 most important.
- criticalFARMASIET ASNegative equity · Current ratio below 1 (0.56) · Loss before tax
- criticalBESTDRIVE NORWAY ASNegative equity · Current ratio below 1 (0.58) · Loss before tax
- watchHOFSETH SALES ASVery low equity ratio (0.7%) · Current ratio below 1 (0.92) · Loss before tax
- watchNORTH SEA SEAFOOD ASVery low equity ratio (8.8%) · Current ratio below 1 (0.94) · Loss before tax
- watchMÅSØVAL SALES ASVery low equity ratio (0.1%) · Current ratio below 1 (0.99) · Loss before tax
- watchKVARØY SALMON ASVery low equity ratio (0.7%) · Current ratio below 1 (0.90) · Loss before tax
- watchBILIA JLR IMPORT NORWAY ASVery low equity ratio (0.6%) · Current ratio below 1 (0.92) · Loss before tax
- watchNORWEGIAN AGRO MACHINERY ASVery low equity ratio (6.7%) · Current ratio below 1 (0.89) · Loss before tax
- watchAPOTEK 1 GRUPPEN ASVery low equity ratio (9.1%) · Current ratio below 1 (0.82)
- watchPOWER INTERNATIONAL ASVery low equity ratio (5.3%) · Current ratio below 1 (0.70)
- watchELKJØP NORGE ASVery low equity ratio (8.6%) · Current ratio below 1 (0.93)
- watchCOUNT ENERGY TRADING ASVery low equity ratio (5.3%) · Loss before tax
- watchTOYOTA NORGE ASVery low equity ratio (0.4%) · Current ratio below 1 (0.98)
- watchH & M HENNES & MAURITZ ASVery low equity ratio (9.3%) · Current ratio below 1 (0.79)
- watchKOLLY ASVery low equity ratio (6.8%) · Loss before tax
Sector map · 2025 · 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 |
|---|---|---|---|
| STENSHAGEN INVEST AS | 99.4% | 93.5% | 2,884 MNOK |
| NORSK EDELMETALLRAFFINERING AS | 10.0% | 73.0% | 529 MNOK |
| BERTEL O. STEEN HOLDING AS | 99.1% | 81.8% | 1,590 MNOK |
| DROPS DESIGN AS | 9.5% | 82.8% | 581 MNOK |
| E-WHEELS NORGE AS | 11.3% | 68.7% | 519 MNOK |
| KARO PHARMA AS | 24.6% | 60.6% | 790 MNOK |
| TMC COMPRESSORS AS | 25.8% | 65.0% | 1,160 MNOK |
| WAYNOR TRADING AS | 5.2% | 83.6% | 670 MNOK |
| ORTOMEDIC AS | 7.4% | 61.8% | 620 MNOK |
| NORIDANE FOODS AS | 4.1% | 63.5% | 701 MNOK |
| I K LYKKE DRIFT AS | 19.5% | 58.7% | 898 MNOK |
| EET NORGE AS | 7.5% | 49.1% | 654 MNOK |
| LEKEKASSEN AS | 6.8% | 70.8% | 556 MNOK |
| UNO-X MOBILITY AS | 45.6% | 83.3% | 563 MNOK |
| PLANDENT AS | 10.1% | 61.1% | 571 MNOK |
| FERD AS | 91.8% | 92.1% | 6,059 MNOK |
| K J BRUSDAL AS | 5.2% | 66.2% | 582 MNOK |
| PRETEC AS | 17.4% | 64.3% | 671 MNOK |
| NG KIWI MØRE AS | 3.6% | 78.4% | 1,694 MNOK |
| RUN AS | 18.0% | 45.7% | 776 MNOK |
| EUROBUS NORDIC AS | 13.9% | 36.3% | 592 MNOK |
| REITAN RETAIL AS | 83.3% | 45.0% | 2,318 MNOK |
| ALIMENTA AS | 4.8% | 55.3% | 601 MNOK |
| NORFRA EKSPORT AS | 1.1% | 63.7% | 525 MNOK |
| J A MAGNUSSEN ENGROS AS | 9.0% | 72.8% | 1,039 MNOK |
| BILTEMA NORGE AS | 5.0% | 83.0% | 5,644 MNOK |
| CARLINGS AS | 4.6% | 65.0% | 580 MNOK |
| GALLERI K-ART AS | 2.0% | 91.9% | 528 MNOK |
| SN SEAFOOD AS | 1.5% | 59.5% | 810 MNOK |
| LAGER 157 AS | 6.1% | 40.5% | 571 MNOK |
| ABBVIE AS | 5.5% | 47.7% | 754 MNOK |
| TESS VEST AS | 5.6% | 58.4% | 1,336 MNOK |
| NG KIWI ROMSDAL OG NORDMØRE AS | 4.8% | 58.2% | 1,305 MNOK |
| OTTO OLSEN AS | 18.1% | 39.4% | 803 MNOK |
| NEW WAVE NORWAY AS | 5.8% | 66.1% | 553 MNOK |
| EQOLOGY.NO AS | 21.8% | 41.1% | 1,614 MNOK |
| ABBOTT NORGE AS | 5.2% | 61.4% | 604 MNOK |
| CUBUS AS | 8.0% | 61.6% | 2,536 MNOK |
| IDÉ GROUP AS | 3.8% | 50.2% | 756 MNOK |
| Dressmann A/S | 15.0% | 47.8% | 1,704 MNOK |
| VILLOID AS | 9.2% | 40.6% | 518 MNOK |
| OLUF LORENTZEN AS | 3.8% | 54.5% | 1,057 MNOK |
| FJORDLAND AS | 6.5% | 48.7% | 2,134 MNOK |
| TESS ØST AS | 6.5% | 71.8% | 836 MNOK |
| ARROW NORWAY AS | 4.3% | 96.8% | 1,147 MNOK |
| HYDROSCAND AS | 10.4% | 58.1% | 804 MNOK |
| REKAP 1 AS | 96.8% | 72.5% | 1,166 MNOK |
| MRC GLOBAL NORWAY AS | 15.4% | 50.0% | 2,215 MNOK |
| RITUALS COSMETICS NORWAY AS | 7.7% | 52.7% | 802 MNOK |
| BAYER AS | 29.6% | 35.6% | 1,951 MNOK |
| ASTRAZENECA AS | 2.2% | 73.8% | 1,135 MNOK |
| CLOETTA NORGE AS | 6.1% | 60.2% | 586 MNOK |
| TAKEDA AS | 5.8% | 62.0% | 995 MNOK |
| SVERDRUP STEEL AS | 8.0% | 76.7% | 1,458 MNOK |
| NOVARTIS NORGE AS | 4.1% | 66.8% | 1,402 MNOK |
| PVH AS | 2.6% | 46.8% | 551 MNOK |
| OSKAR PEDERSEN AS | 4.8% | 32.1% | 1,095 MNOK |
| FRITZØE ENGROS AS | 4.6% | 71.4% | 970 MNOK |
| LINDEX AS | 3.0% | 61.7% | 1,543 MNOK |
| MENTO AS | 4.3% | 49.8% | 953 MNOK |
| BLUE ENERGY AS | 2.8% | 56.8% | 914 MNOK |
| ITAB NORGE AS | 4.1% | 62.6% | 570 MNOK |
| EUROPRIS AS | 13.7% | 47.4% | 7,311 MNOK |
| SYSTEMAIR AS | 10.2% | 46.0% | 633 MNOK |
| NORRØNA STORKJØKKEN AS | 5.6% | 31.3% | 588 MNOK |
| TESS NORD AS | 4.7% | 69.9% | 1,119 MNOK |
| THANSEN AS | 4.9% | 40.0% | 1,144 MNOK |
| TESS SØR AS | 3.8% | 52.6% | 735 MNOK |
| ROCHE DIAGNOSTICS NORGE AS | 3.6% | 53.2% | 687 MNOK |
| NG KIWI ROGALAND AS | 3.7% | 49.2% | 4,164 MNOK |
| PAULIG NORWAY AS | 4.0% | 38.9% | 663 MNOK |
| WENAAS WORKWEAR AS | 9.6% | 45.2% | 995 MNOK |
| NG KIWI VESTFOLD TELEMARK AS | 3.4% | 51.4% | 4,040 MNOK |
| FERD HOLDING AS | 99.9% | 98.4% | 5,350 MNOK |
| AS AALESUNDFISK | 1.3% | 52.2% | 513 MNOK |
| STIM AS | 5.8% | 49.8% | 1,656 MNOK |
| SPORT HOLDING RETAIL AS | 5.7% | 44.3% | 1,747 MNOK |
| BESTSELLER STORES NORWAY AS | 4.9% | 56.1% | 593 MNOK |
| MESTER GRØNN AS | 3.8% | 54.5% | 2,039 MNOK |
| GET INSPIRED AS | 7.8% | 33.9% | 933 MNOK |
| ASTRUP AS | 2.6% | 63.2% | 1,058 MNOK |
| KINNARPS AS | 4.1% | 49.9% | 630 MNOK |
| GC RIEBER MINERALS AS | 6.2% | 60.2% | 689 MNOK |
| JULA NORGE AS | 4.1% | 41.7% | 3,364 MNOK |
| NORWEGIAN SEAFOOD COMPANY AS | 2.1% | 40.8% | 1,560 MNOK |
| WHITEAWAY.NO AS | 2.4% | 50.5% | 561 MNOK |
| NG KIWI ØST AS | 3.0% | 52.4% | 3,818 MNOK |
| JOHS OLSEN AS | 5.3% | 38.0% | 829 MNOK |
| NG KIWI AGDER AS | 3.6% | 50.0% | 3,067 MNOK |
| H.I. GIØRTZ SØNNER AS | 1.4% | 64.1% | 4,846 MNOK |
| HARLEM FOOD AS | 5.2% | 47.5% | 1,494 MNOK |
| CLAS OHLSON AS | 4.2% | 39.0% | 4,695 MNOK |
| 3M NORGE AS | 3.1% | 42.7% | 871 MNOK |
| CERTEX NORGE AS | 12.2% | 42.3% | 635 MNOK |
| BOHUS BUTIKKDRIFT AS | 8.0% | 64.1% | 1,935 MNOK |
| UNITED BAKERIES NORWAY AS | 6.1% | 38.5% | 877 MNOK |
| NG KIWI VEST AS | 3.1% | 49.0% | 5,382 MNOK |
| BUNKER OIL BERGEN AS | 2.6% | 48.9% | 523 MNOK |
| NORMAL NORGE AS | 9.0% | 31.7% | 4,795 MNOK |
| TORE LIGAARD AS | 2.4% | 63.6% | 547 MNOK |
| Lindab A/S | 3.8% | 48.5% | 612 MNOK |
| TAVEX GULL OG SØLV AS | 3.4% | 21.7% | 859 MNOK |
| HELLOFRESH NORWAY AS | 3.0% | 52.7% | 636 MNOK |
| TOOLS AS | 2.7% | 52.9% | 2,638 MNOK |
| ASSA ABLOY OPENING SOLUTIONS NORWAY AS | 18.9% | 35.2% | 586 MNOK |
| ALFA LAVAL NORDIC AS | 1.5% | 81.3% | 750 MNOK |
| K. EKRHEIM AS | 1.5% | 50.1% | 2,075 MNOK |
| A/S SØRENSEN OG BALCHEN | 17.7% | 26.4% | 750 MNOK |
| MASKE AS | 5.7% | 38.4% | 1,474 MNOK |
| STARCO NORGE AS | 12.5% | 31.4% | 1,040 MNOK |
| RUSTA RETAIL AS | 4.9% | 37.2% | 2,612 MNOK |
| NORWEGIAN LAB AS | 12.5% | 20.1% | 606 MNOK |
| ROSENDAL MASKIN AS | 4.7% | 32.1% | 689 MNOK |
| NG KIWI BUSKERUD AS | 4.5% | 43.0% | 5,152 MNOK |
| BEL-MAR AS | 2.6% | 35.7% | 702 MNOK |
| FLOGAS NORGE AS | 4.8% | 45.2% | 1,090 MNOK |
| KITCH'N AS | 6.2% | 32.0% | 1,246 MNOK |
| EPIROC NORGE AS | 5.8% | 38.5% | 504 MNOK |
| STORCASH NORGE AS | 3.1% | 43.0% | 2,072 MNOK |
| ØDEGAARD ENGROS AS | 4.4% | 41.0% | 566 MNOK |
| NG KIWI MIDT-NORGE AS | 2.3% | 50.6% | 2,905 MNOK |
| NORGESGRUPPEN ØST AS | 0.7% | 88.8% | 1,240 MNOK |
| VINGMED AS | 12.1% | 25.1% | 640 MNOK |
| VILLA SEAFOOD AS | 2.9% | 40.0% | 1,481 MNOK |
| NG KIWI INNLAND AS | 4.1% | 43.7% | 6,890 MNOK |
| ELLOS NORWAY AS | 1.7% | 56.9% | 684 MNOK |
| NORGESDEKK AS | 14.4% | 24.6% | 1,275 MNOK |
| EUROSKO GRUPPEN AS | 3.8% | 50.5% | 1,210 MNOK |
| TRØNDER OIL AS | 0.9% | 51.9% | 539 MNOK |
| HP NORGE AS | 0.8% | 39.0% | 1,113 MNOK |
| JOHN DEERE FORESTRY AS | 3.7% | 35.7% | 984 MNOK |
| NK ENERGI AS | 1.0% | 39.9% | 1,488 MNOK |
| BRISTOL-MYERS SQUIBB NORWAY AS | 3.3% | 50.4% | 1,519 MNOK |
| VOLT FASHION AS | 5.3% | 47.3% | 517 MNOK |
| RUTEBILEIERNES STANDARDISERINGSAKSJESELSKAP | 5.4% | 30.0% | 5,491 MNOK |
| DAGLIGVARE GRUPPEN TROMSØ AS | 3.2% | 45.0% | 1,696 MNOK |
| AS WILFA | 2.2% | 38.9% | 532 MNOK |
| DR. OETKER NORGE AS | 6.9% | 24.4% | 726 MNOK |
| NAMRON AS | 5.7% | 20.8% | 1,211 MNOK |
| JÆGER SENTRUM AS | 2.2% | 36.5% | 989 MNOK |
| BIL I NORD AS | 3.5% | 26.3% | 2,131 MNOK |
| SWEGON AS | 3.7% | 51.8% | 617 MNOK |
| SCANDINAVIAN FITTINGS AND FLANGES AS | 3.3% | 59.1% | 791 MNOK |
| URMAKER BJERKE AS | 6.3% | 31.4% | 743 MNOK |
| SEAFOOD BRANDS AS | 3.5% | 22.8% | 587 MNOK |
| CHEFFELO NORWAY AS | 4.3% | 38.9% | 663 MNOK |
| VENTISTÅL AS | 4.6% | 48.4% | 1,509 MNOK |
| NDI NORGE AS | 5.3% | 31.7% | 824 MNOK |
| GRUNDFOS NORGE AS | 4.3% | 24.4% | 526 MNOK |
| KJOSAVIK AS | 1.4% | 46.4% | 1,574 MNOK |
| COAST SEAFOOD AS | 2.0% | 60.6% | 4,752 MNOK |
| SEAWEST AS | 2.0% | 47.1% | 694 MNOK |
| NORDIC WILDFISH SALES AS | 2.7% | 25.8% | 1,118 MNOK |
| GRANDAHL BIL AS | 4.1% | 37.6% | 584 MNOK |
| HOLDBART AS | 4.1% | 32.6% | 739 MNOK |
| HEDIN AUTOMOTIVE BAVARIA AS | 2.3% | 34.3% | 4,060 MNOK |
| NORWEGIAN ENERGY TRADING AS | 1.4% | 37.3% | 1,946 MNOK |
| NG KIWI OSLO AKERSHUS AS | 3.4% | 35.9% | 11,879 MNOK |
| BIK BOK AS | −5.1% | 81.7% | 526 MNOK |
| HOME BRANDS AS | 4.2% | 40.1% | 999 MNOK |
| EMERSON AUTOMATION SOLUTIONS AS | 8.1% | 18.4% | 1,218 MNOK |
| HAUGEN - GRUPPEN AS | 5.8% | 36.9% | 1,316 MNOK |
| BERGSENG DRIFT AS | 5.3% | 25.5% | 532 MNOK |
| NG MENY VESTFOLD TELEMARK AS | −0.1% | 78.0% | 1,645 MNOK |
| CLARIANT OIL SERVICES SCANDINAVIA AS | 8.9% | 28.9% | 760 MNOK |
| GEIA FOOD AS | 5.7% | 33.8% | 860 MNOK |
| MOTEK AS | 3.9% | 52.1% | 1,184 MNOK |
| NG SPAR ØST AS | 0.7% | 64.0% | 1,048 MNOK |
| NG SPAR VEST AS | 0.2% | 77.4% | 873 MNOK |
| PRINCESS-GRUPPEN AS | 0.8% | 70.6% | 1,055 MNOK |
| ORKLA HEALTH AS | −2.4% | 52.1% | 2,024 MNOK |
| SULLAND AUTO AS | 3.7% | 26.7% | 2,162 MNOK |
| HG HANDEL AS | 4.4% | 27.2% | 503 MNOK |
| CIRCLE K AS | −11.4% | 53.5% | 1,451 MNOK |
| AJ PRODUKTER AS | 8.3% | 25.0% | 615 MNOK |
| KIA BIL NORGE AS | 4.2% | 24.8% | 1,742 MNOK |
| LÅSSENTERET AS | 5.3% | 44.0% | 811 MNOK |
| BILGLASSGRUPPEN AS | 11.6% | 17.2% | 527 MNOK |
| NG KIWI NORD AS | 0.9% | 64.0% | 1,757 MNOK |
| HELLY HANSEN AS | 1.9% | 53.0% | 3,940 MNOK |
| SIEMENS HEALTHCARE AS | 8.6% | 24.2% | 1,007 MNOK |
| DRIV ENERGI MIDT-NORGE AS | 2.8% | 23.1% | 744 MNOK |
| LINDBAK INTERIØR AS | 2.5% | 32.2% | 888 MNOK |
| REMA DISTRIBUSJON IMPORT AS | 1.6% | 30.9% | 3,188 MNOK |
| PREEM NORGE AS | 1.3% | 49.8% | 5,660 MNOK |
| ASKO MOLDE AS | 1.4% | 44.4% | 3,049 MNOK |
| FRESENIUS KABI NORGE AS | 23.0% | 44.0% | 1,263 MNOK |
| NORGESGRUPPEN SPAR MIDT-NORGE AS | −0.1% | 74.8% | 566 MNOK |
| FIRDA SEAFOOD AS | 4.5% | 21.7% | 2,544 MNOK |
| NG MENY ØSTLANDET AS | 1.1% | 65.3% | 1,745 MNOK |
| SJØMATKOMPANIET AS | 3.9% | 40.6% | 618 MNOK |
| SERVICEGROSSISTEN ØST AS | 2.8% | 30.5% | 1,392 MNOK |
| HALLGRUPPEN AS | 7.0% | 29.8% | 733 MNOK |
| STOK AS | −0.1% | 44.9% | 651 MNOK |
| KICKS NORGE AS | 3.7% | 44.2% | 1,502 MNOK |
| UNIL AS | 1.9% | 35.4% | 12,045 MNOK |
| NG JOKER DRIFT AS | −2.4% | 66.1% | 641 MNOK |
| GEBERIT AS | 2.9% | 38.6% | 537 MNOK |
| NORGESFÔR AS | 1.5% | 28.2% | 926 MNOK |
| LERØY NORGE AS | 1.6% | 47.6% | 870 MNOK |
| ONNINEN AS | 3.7% | 45.5% | 6,153 MNOK |
| JUNGHEINRICH NORGE AS | 5.5% | 24.4% | 749 MNOK |
| BONAVENTURA SALES AS | 3.9% | 35.8% | 554 MNOK |
| NG MENY ØST AS | 2.3% | 47.1% | 6,120 MNOK |
| DEKKTEAM AS | 1.6% | 56.6% | 780 MNOK |
| NORGESGRUPPEN DATA AS | 2.0% | 37.4% | 1,636 MNOK |
| SYNSAM GROUP NORWAY AS | 9.9% | 31.3% | 1,498 MNOK |
| REITAN AS | 93.1% | 91.1% | 2,004 MNOK |
| Harald A Møller AS | 5.1% | 15.1% | 25,025 MNOK |
| BERTEL O. STEEN TRUCKS & BUSES AS | 4.4% | 36.9% | 1,313 MNOK |
| ARROW ECS NORWAY AS | 2.6% | 24.8% | 3,567 MNOK |
| AUTOSTRADA PORSGRUNN AS | 4.9% | 15.0% | 606 MNOK |
| TEKNOTHERM MARINE AS | 3.2% | 23.5% | 503 MNOK |
| NORSK BUTIKKDRIFT AS | 3.1% | 49.5% | 10,484 MNOK |
| VITA GROUP AS | 4.3% | 29.0% | 1,190 MNOK |
| PREMIUM CARS STOR-OSLO AS | 3.5% | 20.2% | 866 MNOK |
| PFIZER AS | 1.9% | 39.5% | 1,075 MNOK |
| ALSO AS | 2.8% | 21.3% | 5,065 MNOK |
| BLIVAKKER.NO AS | 5.4% | 20.3% | 973 MNOK |
| LILLEBORG AS | 4.7% | 22.5% | 572 MNOK |
| IKM FLUX AS | 6.1% | 33.8% | 1,025 MNOK |
| NG MENY VEST AS | 2.7% | 45.7% | 2,394 MNOK |
| NG MENY MIDT-NORGE AS | 4.2% | 29.8% | 773 MNOK |
| Elkem International AS | 3.3% | 41.2% | 692 MNOK |
| JYSK AS | 9.8% | 17.7% | 3,344 MNOK |
| BAMA STORKJØKKEN OSLO AS | 6.0% | 21.1% | 1,096 MNOK |
| DAIKIN AIRCONDITIONING NORWAY AS | 3.0% | 33.3% | 759 MNOK |
| AS BLOMSTERRINGEN ENGROS | 0.8% | 50.0% | 1,277 MNOK |
| INFINIGATE AS | 2.5% | 14.3% | 718 MNOK |
| RED BULL NORWAY AS | 9.9% | 19.9% | 976 MNOK |
| T MYHRVOLD AS | 2.0% | 32.1% | 573 MNOK |
| FJELLSPORT AS | 4.0% | 39.7% | 877 MNOK |
| PORSCHE NORGE AS | 1.6% | 42.9% | 1,563 MNOK |
| SCHNEIDER ELECTRIC NORGE AS | 5.8% | 18.0% | 2,596 MNOK |
| SOLBERG BIL AS | 1.3% | 24.7% | 603 MNOK |
| KOMATSU FOREST AS | 4.7% | 21.8% | 580 MNOK |
| INEOS SALES NORGE AS | 0.3% | 21.0% | 2,158 MNOK |
| VARNER AS | 3.4% | 94.4% | 827 MNOK |
| Berggård Amundsen & Co AS | 0.4% | 39.4% | 3,027 MNOK |
| KAPPAHL AS | 10.0% | 20.6% | 1,678 MNOK |
| NILLE AS | 2.9% | 43.6% | 1,772 MNOK |
| GLAXOSMITHKLINE AS | 3.0% | 28.0% | 1,264 MNOK |
| NG SPAR INNLAND AS | 0.9% | 60.4% | 1,104 MNOK |
| TEXCON AS | 0.4% | 37.3% | 1,146 MNOK |
| ASKO NORGE AS | 1.5% | 83.3% | 555 MNOK |
| ACTIVE BRANDS AS | 0.9% | 65.3% | 1,115 MNOK |
| AIRPORT RETAIL NORWAY AS | 3.6% | 22.0% | 734 MNOK |
| D. DANIELSEN AS | 2.1% | 27.4% | 729 MNOK |
| BAMA STORKJØKKEN AS | 6.3% | 22.7% | 2,433 MNOK |
| WEST-NORWAY AS | 3.0% | 25.3% | 1,146 MNOK |
| ASKO ROGALAND AS | 1.3% | 44.4% | 8,367 MNOK |
| BUNKER OIL AS | 1.2% | 43.0% | 8,884 MNOK |
| EATON ELECTRIC AS | 2.2% | 45.9% | 953 MNOK |
| MATVAREEXPRESSEN AS | 2.5% | 28.2% | 502 MNOK |
| EUROSUPPLY AS | 3.5% | 24.8% | 505 MNOK |
| DANFOSS AS | 4.7% | 12.2% | 619 MNOK |
| NG SPAR ROGALAND AS | 1.8% | 51.5% | 516 MNOK |
| BAMA BLOMSTERTORGET AS | 3.5% | 10.0% | 512 MNOK |
| HELGØ MENY ROGALAND AS | −0.8% | 58.6% | 1,236 MNOK |
| ASKO NORD AS | 0.5% | 55.3% | 6,203 MNOK |
| GARMIN NORDIC NORWAY AS | 3.0% | 21.7% | 573 MNOK |
| ROCHE NORGE AS | 2.5% | 29.3% | 771 MNOK |
| PROSHOP AS | 3.5% | 2.4% | 819 MNOK |
| SMARTOPTICS AS | 11.3% | 7.4% | 639 MNOK |
| ABK-QVILLER AS | −0.2% | 62.5% | 885 MNOK |
| LORENTZ STORESUND & SØNNER AS | 2.2% | 29.3% | 1,056 MNOK |
| GC RIEBER DISTRIBUTION AS | 4.3% | 34.4% | 632 MNOK |
| GASUM AS | 4.7% | 14.6% | 4,704 MNOK |
| SPORT HOLDING AS | 2.1% | 34.3% | 3,329 MNOK |
| SERVI AS | 1.3% | 48.9% | 941 MNOK |
| NORMARINE AS | 2.7% | 34.6% | 663 MNOK |
| SJØFRISK NORGE AS | 4.3% | 16.3% | 1,053 MNOK |
| MEDTRONIC NORGE AS | 3.6% | 58.1% | 1,007 MNOK |
| STADSSALG AS | 8.2% | 81.3% | 700 MNOK |
| XL-BYGG SØRVEST AS | 0.3% | 36.4% | 843 MNOK |
| NORDLAKS SALES AS | 2.5% | 23.4% | 4,893 MNOK |
| WESTCOAST AS | 1.1% | 38.0% | 1,094 MNOK |
| BOSTON GROUP AS | 6.0% | 1.9% | 528 MNOK |
| NÆRENERGI AS | 3.9% | 17.3% | 520 MNOK |
| ÅKRA BIL AS | 2.1% | 20.2% | 525 MNOK |
| ATEA AS | 4.2% | 20.8% | 9,464 MNOK |
| TOYOTA BILIA AS | 2.4% | 35.8% | 2,194 MNOK |
| SULLAND DRAMMEN AS | 2.2% | 30.6% | 848 MNOK |
| NASTA AS | 2.1% | 37.7% | 1,342 MNOK |
| CDS NORGE AS | −5.0% | 55.5% | 553 MNOK |
| BERTEL O STEEN MØRE OG ROMSDAL AS | −1.5% | 35.8% | 765 MNOK |
| KINLY AS | 5.9% | 9.5% | 820 MNOK |
| REBIL MOBILITY AS | 0.7% | 46.3% | 585 MNOK |
| BESTSELLER AS | 3.7% | 22.7% | 1,133 MNOK |
| ULTIMATE NORDIC AS | 1.5% | 31.6% | 572 MNOK |
| ASKO VEST AS | 1.4% | 34.8% | 13,208 MNOK |
| NORWELL AS | 1.9% | 23.6% | 3,040 MNOK |
| KNAPPHUS ENERGI AS | 1.4% | 29.2% | 1,350 MNOK |
| ASKO ØST AS | 0.4% | 38.5% | 6,670 MNOK |
| CERTEGO AS | 5.3% | 19.2% | 662 MNOK |
| NG MENY SØR AS | 0.4% | 60.0% | 1,318 MNOK |
| NG MENY ØSTFOLD AS | −0.1% | 57.3% | 911 MNOK |
| NORSK MEDISINALDEPOT AS | 4.3% | 24.8% | 11,907 MNOK |
| BAXT AS | 5.0% | 13.8% | 1,338 MNOK |
| ESSITY NORWAY AS | 13.4% | 6.4% | 2,161 MNOK |
| EUROPRIS BUTIKKDRIFT AS | 4.7% | 19.3% | 9,048 MNOK |
| LEGO NORGE AS | 4.4% | 13.4% | 642 MNOK |
| VARTDAL PLASTINDUSTRI AS | 2.4% | 21.2% | 1,348 MNOK |
| ARK BOKHANDEL AS | 3.8% | 31.6% | 2,016 MNOK |
| MIDT-NORGE MASKINSENTER AS | 3.9% | 18.9% | 745 MNOK |
| LERØY SEAFOOD AS | 2.8% | 16.3% | 25,239 MNOK |
| FREDRIK & LOUISA AS | 2.1% | 27.7% | 1,345 MNOK |
| MØLLER SPORTSBILER OSLO AS | −2.5% | 35.4% | 779 MNOK |
| LÆRE AS | 4.6% | 26.6% | 628 MNOK |
| MØLLER BIL TRØNDELAG AS | 2.7% | 15.0% | 2,546 MNOK |
| BRITISH AMERICAN TOBACCO NORWAY AS | 32.3% | 6.4% | 2,898 MNOK |
| VIANOR AS | 2.5% | 34.1% | 1,585 MNOK |
| Gausdal Landhandleri AS | −0.3% | 48.4% | 1,812 MNOK |
| NORWEGIAN MOBILITY GROUP AS | 1.9% | 22.0% | 1,634 MNOK |
| AHLSELL NORGE AS | 1.6% | 35.9% | 8,303 MNOK |
| ROBERT BOSCH AS | 2.1% | 30.5% | 626 MNOK |
| AIR BP NORWAY AS | 1.1% | 52.5% | 2,929 MNOK |
| STORA ENSO SKOG AS | 0.2% | 26.2% | 1,560 MNOK |
| ST1 NORGE AS | 1.9% | 50.3% | 16,284 MNOK |
| NORCAR AS | 4.8% | 2.8% | 893 MNOK |
| NG STORHANDEL AS | −11.0% | 36.2% | 530 MNOK |
| METSO NORWAY AS | 4.6% | 21.1% | 546 MNOK |
| ASKO HEDMARK AS | 1.5% | 37.6% | 9,092 MNOK |
| CIRCLE K DETALJIST AS | 6.8% | 7.1% | 1,752 MNOK |
| LYKO AS | 2.4% | 15.6% | 1,144 MNOK |
| ONEMED AS | 4.4% | 19.0% | 569 MNOK |
| HALEON NORWAY AS | 2.2% | 26.5% | 535 MNOK |
| KOMPLETT DISTRIBUSJON AS | 0.7% | 43.6% | 3,673 MNOK |
| NORLI AS | 4.7% | 24.0% | 1,984 MNOK |
| MHSERVICE AS | 2.1% | 35.9% | 1,027 MNOK |
| TESS LOGISTIKK AS | 3.8% | 20.5% | 1,066 MNOK |
| TEVA NORWAY AS | 3.1% | 20.7% | 536 MNOK |
| WÜRTH NORGE AS | −2.9% | 62.9% | 1,891 MNOK |
| YX NORGE AS | 1.0% | 31.7% | 3,692 MNOK |
| POLESTAR AUTOMOTIVE NORWAY AS | 1.5% | 16.8% | 2,024 MNOK |
| NG MENY BUSKERUD AS | 0.4% | 57.9% | 1,211 MNOK |
| MESTERGRUPPEN BYGGEVARE AS | 4.8% | 15.9% | 8,762 MNOK |
| SEABORN AS | 1.2% | 28.3% | 9,948 MNOK |
| ASKO OSLOFJORD AS | 0.9% | 44.4% | 18,094 MNOK |
| APOTEK 1 GRUPPEN AS | 5.7% | 9.1% | 19,648 MNOK |
| ASKO AGDER AS | 1.0% | 40.7% | 6,911 MNOK |
| KID INTERIØR AS | 12.2% | 14.7% | 2,436 MNOK |
| ASKO OSLO AS | 1.4% | 22.6% | 14,878 MNOK |
| OCEAN SUPREME AS | 1.7% | 27.6% | 1,665 MNOK |
| AVIATION FUELLING SERVICES NORWAY AS | 4.7% | 16.4% | 2,853 MNOK |
| SOLAR NORGE AS | −0.6% | 59.3% | 2,862 MNOK |
| MEGAFLIS AS | 0.5% | 42.9% | 2,301 MNOK |
| POWER NORGE AS | 1.9% | 23.3% | 8,350 MNOK |
| BYGGFAG AS | 1.4% | 25.2% | 551 MNOK |
| ZAPTEC CHARGER AS | 2.9% | 9.0% | 1,250 MNOK |
| ELEKTROIMPORTØREN NORGE AS | 1.2% | 15.6% | 1,597 MNOK |
| NOVO NORDISK NORWAY AS | 3.5% | 0.5% | 3,471 MNOK |
| MUSTI NORGE AS | 3.0% | 29.3% | 1,122 MNOK |
| SCANFISH NORWAY AS | 1.3% | 15.1% | 868 MNOK |
| TINGSTAD EMBALLASJE AS | 7.8% | 4.6% | 519 MNOK |
| MØLLER SPORTSBILER ASKER & BÆRUM AS | −0.5% | 23.6% | 779 MNOK |
| BYGGMAKKER HANDEL AS | −0.4% | 55.0% | 6,243 MNOK |
| BMW NORGE AS | 1.8% | 14.7% | 6,323 MNOK |
| INDITEX NORGE AS | 11.6% | 14.8% | 999 MNOK |
| NORGESGRUPPEN ASA | −30.1% | 41.8% | 674 MNOK |
| NORSK GJENVINNING DOWNSTREAM AS | 7.0% | 4.6% | 652 MNOK |
| TENARIS GLOBAL SERVICES NORWAY AS | 4.6% | 18.8% | 1,518 MNOK |
| ODA NORWAY AS | −2.8% | 31.3% | 4,033 MNOK |
| ORICA NORWAY AS | −7.5% | 84.7% | 744 MNOK |
| TEKNISK BUREAU AS | 1.4% | 33.5% | 551 MNOK |
| NOR SEAFOODS AS | 2.0% | 15.5% | 3,200 MNOK |
| REMA DISTRIBUSJON NORGE AS | 1.3% | 23.5% | 37,829 MNOK |
| NOKIAN DEKK AS | 2.7% | 19.3% | 1,799 MNOK |
| GRIEG SEAFOOD SALES AS | 3.0% | 3.6% | 6,163 MNOK |
| BARE FRUKT & GRØNT AS | 2.6% | 10.0% | 6,061 MNOK |
| JERNIA AS | 0.8% | 53.0% | 976 MNOK |
| ICE FISH AS | 1.8% | 31.4% | 1,057 MNOK |
| ASKO SENTRALLAGER KJØL AS | 1.1% | 22.3% | 20,669 MNOK |
| HEIDENREICH AS | −9.2% | 37.3% | 2,238 MNOK |
| SUNDE EPS AS | 0.4% | 34.3% | 958 MNOK |
| POLAR SEAFROZEN AS | 2.9% | 16.9% | 701 MNOK |
| FORD MOTOR NORGE AS | 1.3% | 12.1% | 5,408 MNOK |
| CC VEST MAT AS | 10.1% | 1.8% | 530 MNOK |
| VOICE NORGE AS | 7.1% | 18.0% | 2,271 MNOK |
| TOYOTA ROMERIKE AS | 2.6% | 29.4% | 953 MNOK |
| ZEPPELIN POWER SYSTEMS NORWAY AS | 8.7% | 15.2% | 1,484 MNOK |
| ADIDAS NORGE AS | 2.8% | 11.0% | 712 MNOK |
| MSD (NORGE) AS | 3.9% | 14.6% | 803 MNOK |
| IMPERIAL BRANDS NORWAY AS | 5.6% | 1.1% | 1,770 MNOK |
| ALLIANCE HEALTHCARE NORGE APOTEKDRIFT AS | 0.8% | 42.3% | 4,995 MNOK |
| GINA TRICOT AS | 2.5% | 10.1% | 901 MNOK |
| MARS NORGE AS | 27.3% | 3.6% | 854 MNOK |
| ASKO OPPLAND AS | 0.6% | 36.6% | 2,501 MNOK |
| KOMPLETT SERVICES AS | 3.1% | 16.8% | 5,613 MNOK |
| SEKKINGSTAD AS | 1.1% | 30.3% | 3,301 MNOK |
| L'OREAL NORGE AS | 5.5% | 11.3% | 1,283 MNOK |
| ICE SEAFOOD AS | 2.9% | 13.7% | 1,390 MNOK |
| ASKO VESTFOLD TELEMARK AS | 1.4% | 26.6% | 6,705 MNOK |
| MONDELEZ NORGE AS | 2.1% | 30.5% | 2,973 MNOK |
| JÆREN OLJE AS | 1.2% | 14.3% | 787 MNOK |
| MÅKESTAD ENGROS AS | 4.0% | 6.0% | 732 MNOK |
| VOLVO CAR STOR-OSLO AS | 2.2% | 21.2% | 2,660 MNOK |
| AGDER OLJE AS | 1.2% | 15.3% | 625 MNOK |
| HARILA AS | 1.9% | 25.3% | 771 MNOK |
| BERGEN BUNKERS AS | 0.6% | 32.9% | 2,784 MNOK |
| ALLIANCE HEALTHCARE NORGE AS | 1.6% | 24.0% | 12,370 MNOK |
| CIRCLE K NORGE AS | 2.3% | 59.3% | 14,013 MNOK |
| MØLLER BIL ROMERIKE AS | 0.7% | 15.1% | 2,197 MNOK |
| HEDIN PERFORMANCE CARS AS | −2.5% | 38.7% | 1,184 MNOK |
| DELAVAL AS | 3.5% | 6.2% | 758 MNOK |
| WULFF & CO AS | 2.1% | 9.8% | 1,012 MNOK |
| BARNAS HUS NORGE AS | 2.0% | 21.4% | 848 MNOK |
| NERGÅRD SEAFOOD AS | 1.5% | 7.1% | 2,192 MNOK |
| EXCLUSIVE NETWORKS NORWAY AS | 2.8% | 2.0% | 863 MNOK |
| BAMA DAGLIGVARE AS | 2.2% | 10.0% | 9,403 MNOK |
| KRAEMER MARITIME AS | 0.9% | 23.6% | 1,338 MNOK |
| VOLVO CAR NORWAY AS | 0.4% | 13.2% | 8,606 MNOK |
| SKAAR NORWAY AS | 1.3% | 25.5% | 624 MNOK |
| FRAM SEAFOOD AS | 0.7% | 20.9% | 1,540 MNOK |
| SJOR AS | 3.3% | 10.7% | 4,552 MNOK |
| OLJELEVERANDØREN AS | 2.2% | 22.5% | 762 MNOK |
| LENOVO GLOBAL TECHNOLOGY NORWAY AS | 2.3% | 4.9% | 1,406 MNOK |
| MSD ANIMAL HEALTH NORGE AS | 2.2% | 11.0% | 1,056 MNOK |
| VESO AS | 1.0% | 23.9% | 1,364 MNOK |
| RESPONSE NORDIC AS | 0.9% | 28.7% | 501 MNOK |
| H & M HENNES & MAURITZ AS | 4.2% | 9.3% | 4,845 MNOK |
| NORTØMMER AS | −0.6% | 24.3% | 3,167 MNOK |
| TOYOTA ØSTFOLD AS | 2.0% | 27.0% | 751 MNOK |
| SANDVIK NORGE AS | 4.2% | 15.3% | 556 MNOK |
| MOLGAS NORWAY AS | −22.1% | 60.5% | 1,494 MNOK |
| CONAXESS TRADE NORWAY AS | −0.6% | 25.4% | 543 MNOK |
| XPENG MOTORS (NORWAY) AS | 1.6% | 4.0% | 2,425 MNOK |
| TESLA NORWAY AS | 1.5% | 8.4% | 18,627 MNOK |
| XYLEM WATER SOLUTIONS NORGE AS | 2.9% | 13.3% | 870 MNOK |
| AS NESTLÉ NORGE | 2.1% | 2.7% | 1,663 MNOK |
| ELKJØP NORDIC AS | 0.9% | 18.6% | 39,834 MNOK |
| SWEDISH MATCH SALES NORWAY AS | 17.9% | 0.3% | 2,469 MNOK |
| MALORAMA AS | 1.0% | 23.5% | 2,411 MNOK |
| MODINO AS | 0.9% | 21.9% | 2,165 MNOK |
| DELL AS | 1.1% | 4.9% | 2,594 MNOK |
| GLANDER INTERNATIONAL BUNKERING (NORWAY) AS | 0.6% | 22.6% | 7,379 MNOK |
| EIKMASKIN AS | 3.8% | 13.1% | 2,835 MNOK |
| AS SPAR KJØP | −8.2% | 45.6% | 925 MNOK |
| POLAR QUALITY AS | −0.2% | 20.2% | 6,160 MNOK |
| EPLEHUSET NORGE AS | −0.3% | 34.3% | 1,371 MNOK |
| STAR SEAFOOD AS | 0.9% | 20.5% | 1,665 MNOK |
| IKEA AS | 2.7% | 17.8% | 8,887 MNOK |
| ASKO MIDT-NORGE AS | −0.5% | 38.9% | 7,825 MNOK |
| MØLLER BIL BRUKTBIL AS | −5.6% | 15.2% | 1,173 MNOK |
| FLISEKOMPANIET AS | −7.8% | 41.5% | 610 MNOK |
| NORDIC GROUP AS | 0.7% | 23.5% | 1,101 MNOK |
| ENTRACK AS | 0.5% | 19.7% | 662 MNOK |
| PLANTASJEN NORGE AS | −4.6% | 35.5% | 2,860 MNOK |
| COLDWATER PRAWNS OF NORWAY AS | 2.0% | 5.7% | 563 MNOK |
| BAMA GRUPPEN AS | −0.9% | 22.1% | 13,706 MNOK |
| HESSELBERG AS | 5.2% | 19.6% | 1,541 MNOK |
| JANSSEN-CILAG AS | 4.6% | 0.1% | 1,413 MNOK |
| ZEEKR NORWAY AS | 1.4% | 5.7% | 666 MNOK |
| CERTAS ENERGY NORWAY AS | 0.6% | 47.1% | 4,812 MNOK |
| PLATINA SEAFOOD AS | 1.1% | 18.9% | 1,759 MNOK |
| JELD-WEN NORGE AS | 1.6% | 14.2% | 522 MNOK |
| BRAVO SEAFOOD AS | 1.2% | 15.7% | 2,281 MNOK |
| CERTAS ENERGY FUELS AS | 0.0% | 33.4% | 1,863 MNOK |
| ASKO SENTRALLAGER OG TRANSPORT AS | 0.1% | 20.3% | 16,974 MNOK |
| OUTLET GROUP AS | 2.2% | 2.8% | 1,012 MNOK |
| MEKO NORWAY AS | 1.2% | 10.9% | 2,091 MNOK |
| YARA SOURCING AND TRADE AS | −0.2% | 30.4% | 639 MNOK |
| CANON NORGE AS | −1.0% | 37.6% | 1,034 MNOK |
| KOLLY AS | −1.3% | 6.8% | 4,818 MNOK |
| TD SYNNEX NORWAY AS | 0.2% | 12.7% | 2,871 MNOK |
| DRIV ENERGI AS | 1.8% | 10.1% | 4,293 MNOK |
| KNAPPHUS ENERGI BERGEN AS | 0.5% | 26.5% | 523 MNOK |
| Akershus Traktor A/S | −0.7% | 20.0% | 1,593 MNOK |
| ORIFARM HEALTHCARE AS | 1.3% | 2.3% | 773 MNOK |
| BILPAVILJONGEN AS | 0.4% | 15.1% | 724 MNOK |
| BERTEL O STEEN AS | −0.6% | 32.0% | 9,109 MNOK |
| Brødrene Dahl A/S | −0.1% | 34.4% | 7,127 MNOK |
| NORWEGIAN SEAFOOD AS | 0.1% | 10.1% | 3,538 MNOK |
| COD-EXPORT AS | 1.4% | 18.2% | 604 MNOK |
| JERNIA DETALJ AS | 0.5% | 30.9% | 1,016 MNOK |
| TOYOTA SØRVEST AS | 1.3% | 18.4% | 913 MNOK |
| CONTINENTAL DEKK NORGE AS | 3.3% | 1.2% | 1,223 MNOK |
| SULLAND ØSTFOLD AS | 0.8% | 19.2% | 673 MNOK |
| LIEBHERR-NORGE AS | 2.1% | 3.3% | 637 MNOK |
| LYRECO NORGE AS | −1.4% | 35.6% | 1,862 MNOK |
| VIKEN AT MARKET AS | 0.6% | 6.2% | 1,680 MNOK |
| AUTORINGEN OSLO AS | 0.3% | 12.2% | 1,216 MNOK |
| ELECTROLUX HOME PRODUCTS NORWAY AS | 1.7% | 7.0% | 1,249 MNOK |
| BAMA BLOMSTER SOURCING AS | 1.2% | 15.5% | 846 MNOK |
| SANOFI-AVENTIS NORGE AS | 4.0% | 3.3% | 836 MNOK |
| BOHUS LOGISTIKK AS | 0.5% | 8.0% | 2,085 MNOK |
| SNUSHJEM.NO AS | 0.5% | 12.7% | 1,086 MNOK |
| ZEPPELIN CONSTRUCTION EQUIPMENT NORWAY AS | 0.6% | 22.2% | 2,703 MNOK |
| OPTIMERA AS | −0.4% | 32.7% | 11,234 MNOK |
| NORDISK INTERACTIVE AS | 4.6% | 5.4% | 666 MNOK |
| ARTEC AQUA VAQ AS | 0.9% | 10.8% | 777 MNOK |
| VOLVO MASKIN AS | 4.3% | 12.6% | 3,778 MNOK |
| SIGNIFY NORWAY AS | −0.8% | 19.3% | 586 MNOK |
| Aktieselskapet Vinmonopolet | −1.7% | 18.5% | 18,707 MNOK |
| MÅSØVAL SALES AS | 0.2% | 0.1% | 2,414 MNOK |
| NORPOT AS | 0.3% | 6.5% | 584 MNOK |
| AUTORIA BIL AS | 0.8% | 14.2% | 1,617 MNOK |
| BILIA JLR IMPORT NORWAY AS | 0.7% | 0.6% | 844 MNOK |
| NEUMANN BYGG AS | −2.9% | 17.8% | 1,837 MNOK |
| POWER INTERNATIONAL AS | 1.0% | 5.3% | 19,295 MNOK |
| ESSO NORGE AS | −4.8% | 26.1% | 15,250 MNOK |
| EIDE SEAFOOD AS | −4.3% | 11.0% | 1,798 MNOK |
| SKEIDAR SUPPLY CHAIN AS | 0.4% | 1.5% | 1,370 MNOK |
| PB DISTRIBUSJON AS | 0.8% | 9.3% | 520 MNOK |
| VIATRIS AS | 2.8% | 14.3% | 609 MNOK |
| BARILLA NORGE AS | 2.1% | 3.6% | 614 MNOK |
| UNO-X MOBILITY NORGE AS | 1.7% | 21.2% | 15,660 MNOK |
| BERTEL O. STEEN LASTEBIL OG BUSS AS | −1.2% | 29.1% | 720 MNOK |
| PLANTASJEN SOURCE NORGE AS | 0.3% | 10.5% | 581 MNOK |
| ENGROSFRUKT LANGHUS AS | −3.7% | 17.9% | 504 MNOK |
| VINHUSET AS | −4.1% | 29.3% | 1,189 MNOK |
| HAVI LOGISTICS AS | 0.0% | 2.0% | 1,461 MNOK |
| VB HANDEL AS | 0.9% | 7.8% | 877 MNOK |
| TRAVEL RETAIL NORWAY AS | 0.3% | 16.8% | 4,916 MNOK |
| DUSTIN NORWAY AS | −0.6% | 11.4% | 3,102 MNOK |
| SAS OIL NORWAY AS | 0.2% | 0.3% | 679 MNOK |
| E.A. SMITH AS | −2.6% | 22.0% | 3,645 MNOK |
| AUTOZENTRUM BERGEN AS | −1.4% | 15.0% | 591 MNOK |
| TECHSTEP NORWAY AS | −3.5% | 38.0% | 596 MNOK |
| RØRKJØP AS | −1.3% | 19.3% | 871 MNOK |
| FOXWAY AS | −4.1% | 29.7% | 805 MNOK |
| INPUT INTERIOR NORWAY AS | −2.0% | 19.1% | 671 MNOK |
| ELKJØP NORGE AS | 0.6% | 8.6% | 13,864 MNOK |
| FUNCTION AS | −2.9% | 19.1% | 522 MNOK |
| TOYOTA NORGE AS | 2.1% | 0.4% | 7,776 MNOK |
| CARSTORE AS | −2.9% | 1.6% | 514 MNOK |
| NORTH EUROPEAN OIL TRADE AS | −0.8% | 3.7% | 14,821 MNOK |
| ARVID NORDQUIST NORGE AS | 0.6% | 0.1% | 558 MNOK |
| KVARØY SALMON AS | −2.8% | 0.7% | 1,208 MNOK |
| BR KARLSEN SALES AS | 0.3% | 2.2% | 985 MNOK |
| FARMASIET AS | −0.1% | −8.4% | 1,022 MNOK |
| RETAIL MANAGEMENT AS | −12.6% | 16.8% | 506 MNOK |
| MAXBO AS | −5.2% | 13.6% | 4,451 MNOK |
| HEWLETT-PACKARD NORGE AS | −0.4% | 8.6% | 2,317 MNOK |
| COUNT ENERGY TRADING AS | 0.1% | 5.3% | 9,288 MNOK |
| HOFSETH SALES AS | 0.3% | 0.7% | 5,565 MNOK |
| MEDIVATUS AS | 0.3% | 3.0% | 644 MNOK |
| BESTDRIVE NORWAY AS | −7.8% | −50.2% | 836 MNOK |
| NORTH SEA SEAFOOD AS | −1.4% | 8.8% | 2,692 MNOK |
| NORWEGIAN AGRO MACHINERY AS | −7.9% | 6.7% | 770 MNOK |
| KID SOURCING AS | −0.1% | 0.3% | 1,052 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 |