Jordbruk og skogbruk
FollowDownload sector report (PDF)392 companies ranked against comparable companies in four Morning company classes. Fiscal year 2024. Source: Brønnøysund Register Centre. Methodology
Ranking · 2024 · Morning class Medium
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 Medium
- Altiskog AS+36
From 2023 to 2024: the equity ratio rose from 20.6% to 63.6% and revenue grew by 35%.
- Ureist AS+34
From 2023 to 2024: revenue grew by 48% and the equity ratio rose from 38.0% to 46.8%.
- GM Skogsdrift AS+32
From 2023 to 2024: the equity ratio rose from −9.3% to 44.0% and revenue grew by 18%.
- Lågen Potetpakkeri AS−27
From 2023 to 2024: went from a profit to a loss before tax and the operating margin fell from 1.8% to −3.6%.
Top lists in the sector · 2024 · Morning class Medium
The five largest companies account for 23% of the sector's revenue. Combined profit before tax for the 48 ranked companies: 333 MNOK.
Size
The largest by revenue and employees, and who earns the most per employee.
Highest revenue
- Hvebergsmoen Potetpakkeri AS 304 MNOK
- HÅ Rugeri AS 272 MNOK
- Andersen Gartneri AS 195 MNOK
- Elstøen Salatgartneri AS 191 MNOK
- Animalia AS 185 MNOK
Operating revenue.
Most employees
- Elstøen Salatgartneri AS 221
- Huseby Gård AS 155
- BJERTNÆS & Hoel AS 124
- Lauvsnes Gartneri AS 116
- BK Gartneri og Hagesenter AS 115
Employees according to the Central Coordinating Register.
Highest revenue per employee
- Hvebergsmoen Potetpakkeri AS 8.0 MNOK
- HÅ Rugeri AS 6.8 MNOK
- Stangeskovene AS 5.4 MNOK
- Altiskog AS 5.1 MNOK
- STEINSLAND & CO AS 4.3 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
- H A Skajems Planteskole AS 25.9%
- O. Espedal Handelsgartneri AS 23.5%
- Fredrik Nannestad Jr AS 22.5%
- Mellbyes Planteskole AS 18.9%
- Næsbø Skog AS 18.7%
Operating result divided by operating revenue.
Largest profit
- HÅ Rugeri AS 28 MNOK
- Næsbø Skog AS 24 MNOK
- O. Espedal Handelsgartneri AS 24 MNOK
- Altiskog AS 23 MNOK
- Stangeskovene AS 22 MNOK
Profit before tax.
Largest loss
- Hilverda de Boer Norge AS −4 MNOK
- Lågen Potetpakkeri AS −4 MNOK
- Bergknapp AS −2 MNOK
- Lauvsnes Gartneri AS −2 MNOK
- Lyssand Gartneri AS −1 MNOK
Profit before tax, the largest negative.
Most solid
- Stangeskovene AS 87.1%
- Tin Milovanovic Skogservice AS 84.7%
- H A Skajems Planteskole AS 80.0%
- Næsbø Skog AS 73.8%
- Fredrik Nannestad Jr AS 71.0%
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
- STEINSLAND & CO AS +59.1%
- Ureist AS +47.8%
- Altiskog AS +35.1%
- Jørgensen Skog AS +33.0%
- Skjærgaarden Gartneri AS +25.7%
Revenue growth from the year before, only from at least NOK 10 million in revenue.
Largest revenue decline
- Hilverda de Boer Norge AS −24.2%
- Lågen Potetpakkeri AS −14.9%
- Bergknapp AS −14.6%
- Miljøgartneriet AS −2.2%
- Oddernes Gartneri AS −0.9%
Revenue decline from the year before, only from at least NOK 10 million in revenue.
Biggest climbers
- Altiskog AS +36.2 points
- Ureist AS +34.5 points
- GM Skogsdrift AS +32.3 points
- STEINSLAND & CO AS +22.9 points
- Frostagrønt AS +20.2 points
Change in index points from the year before.
Biggest fallers
- Lågen Potetpakkeri AS −26.9 points
- Lauvsnes Gartneri AS −26.4 points
- Oddernes Gartneri AS −26.0 points
- Viken Østre AS −19.1 points
- Mellbyes Planteskole AS −17.9 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.
Positions in the sector · 2024 · Morning class Medium
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).
- BK Gartneri og Hagesenter AS profitability 78 → 10, solidity 20 → 55
- Altiskog AS profitability 72 → 84, solidity 17 → 81
- GM Skogsdrift AS profitability 57 → 44, solidity 0 → 51
- Viken Østre AS profitability 11 → 30, solidity 68 → 28
- Ureist AS profitability 14 → 47, solidity 41 → 64
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
Summary · fiscal year 2024 · Morning class Medium
The sector's median operating margin is 6.6%. 0 of 48 companies have negative equity. The median equity ratio is 43.7%.
All figures are for fiscal year 2024. Ranked: 48 operating companies. Holding companies, excluded companies and companies without enough data are shown but not ranked. How to read the index
Climbers and fallers · Morning class Medium
Change in rank from 2023 to 2024, for 38 companies ranked in both years.
Climbers
- 18Altiskog ASfrom rank 19 to 186
- 18Ureist ASfrom rank 33 to 1562
- 11GM Skogsdrift ASfrom rank 36 to 2552
- 7STEINSLAND & CO ASfrom rank 31 to 2452
- 4Frostagrønt ASfrom rank 30 to 2652
Fallers
- 26Lauvsnes Gartneri ASfrom rank 17 to 4326
- 22Lågen Potetpakkeri ASfrom rank 23 to 4518
- 18Snarum Gartneri ASfrom rank 10 to 2850
- 18Viken Østre ASfrom rank 20 to 3829
- 14Lundstad Grønt ASfrom rank 26 to 4027
Awards · 2024 · Morning class Medium
Needs attention · 2024 · Morning class Medium
14 companies show at least one warning sign. Showing the 14 most important.
- watchHilverda de Boer Norge ASVery low equity ratio (2.4%) · Current ratio below 1 (0.79) · Loss before tax
- watchJ Karlsen Gartneri ASVery low equity ratio (1.6%) · Current ratio below 1 (0.74)
- watchLyssand Gartneri ASCurrent ratio below 1 (0.69) · Loss before tax
- watchLauvsnes Gartneri ASCurrent ratio below 1 (0.99) · Loss before tax
- watchAndersen Gartneri ASCurrent ratio below 1 (0.90)
- watchHuseby Gård ASCurrent ratio below 1 (0.95)
- watchBJERTNÆS & Hoel ASCurrent ratio below 1 (0.98)
- watchLågen Potetpakkeri ASLoss before tax
- watchLundstad Grønt ASCurrent ratio below 1 (0.50)
- watchBergknapp ASLoss before tax
- watchBK Gartneri og Hagesenter ASLoss before tax
- watchHodne Gartneri ASLoss before tax
- watchHolth Skogsdrift ASCurrent ratio below 1 (0.81)
- watchGrønt Veksthus ASCurrent ratio below 1 (0.49)
Sector map · 2024 · Morning class Medium
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
Holding and investment companies · 2024
18 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: 5 have at least 10 MNOK in assets and are listed.
| Rank | Company | Score | Equity ratio | Return on assets | Current ratio | Total assets |
|---|---|---|---|---|---|---|
| 1 | Lyngstad Holding AS | 90 | 99.5% | 55.2% | 187.04 | 36 MNOK |
| 2 | Hildenes Gartneri Holding AS | 50 | 100.0% | −0.1% | 68.45 | 14 MNOK |
| 3 | Klingsheim Holding AS | 45 | 99.3% | 4.6% | 69.39 | 11 MNOK |
| 4 | Sydsæther Holding AS | 35 | 87.0% | 15.0% | 26.80 | 77 MNOK |
| 5 | Torbjørn Mellbye 2 Holding AS | 30 | 80.1% | 50.2% | 1.06 | 11 MNOK |
Score 0–100 against the other holding companies in the sector: equity ratio 40 %, return on assets 40 % and current ratio 20 %. Methodology
In our articles
- Finance earns 58.3% on operations; the typical Norwegian industry makes 5.7%No. 9 of 22 on median operating margin
Scenario analysis: the sector's weakest year
The sector's weakest year was 2023, with a median operating margin of 5.8%.
Based on the 7 fiscal years we have. The analysis grows as more years are fetched or imported.
| Fiscal year | Median operating margin | Median equity ratio |
|---|---|---|
| 2019 | – | – |
| 2020 | – | – |
| 2021 | – | – |
| 2022 | 48.5% | 33.2% |
| 2023 · weakest year | 5.8% | 44.2% |
| 2024 | 6.9% | 46.4% |
| 2025 | 5.9% | 43.8% |
In 2023, 182 ranked companies did better than the sector, 98 about the same and 96 weaker.
Held up best in 2023
- 1Humlestad Østre ASequity ratio 29.3%96.5%
- 2AS LISTER SKOGANLÆGequity ratio 51.2%82.2%
- 3Statskog Børresen ASequity ratio 98.3%78.7%
- 4Ghs Eiendom ASequity ratio 16.5%74.8%
- 5Eikland Øko ASequity ratio 42.7%74.5%
- 6Modell og Metall ASequity ratio 35.4%73.8%
- 7Ste Eiendom ASequity ratio 30.6%73.1%
- 8Byrkjeland Drift ASequity ratio 52.6%72.1%
- 9Nubberud Skogsdrift ASequity ratio 54.8%65.6%
- 10Kringsjå Samdrift ASequity ratio 84.9%64.0%
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))
Consumer price index rose 3.0% in 2025; the sector's median operating margin fell 1.0 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 | – | 48.5% | 5.8% | 6.9% | 5.9% | – |
Source: SSB (14710, CC BY 4.0). Source · fetched 3 November 2026
EUR/NOK (kr)
EUR/NOK rose 0.8% in 2025; the sector's median operating margin fell 1.0 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| EUR/NOK, annual average | 10.16 | 10.10 | 11.42 | 11.62 | 11.72 | 11.04 (so far) |
| Change from the year before | −5.2% | −0.6% | +13.1% | +1.8% | +0.8% | −5.8% |
| Sector's median operating margin | – | 48.5% | 5.8% | 6.9% | 5.9% | – |
Source: Norges Bank (EXR, NLOD 2.0). Source · fetched 3 November 2026
Policy rate (prosent)
Policy rate fell 0.20 percentage points in 2025; the sector's median operating margin fell 1.0 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Policy rate, annual average | 0.08 | 1.32 | 3.54 | 4.50 | 4.30 | 4.17 (so far) |
| Change from the year before | −0.28 percentage points | +1.24 percentage points | +2.22 percentage points | +0.96 percentage points | −0.20 percentage points | −0.12 percentage points |
| Sector's median operating margin | – | 48.5% | 5.8% | 6.9% | 5.9% | – |
Source: Norges Bank (IR, NLOD 2.0). Source · fetched 3 November 2026
When policy rate fell in 2025, 196 of 397 ranked companies kept their operating margin at or above the year before. Among the largest: Hvebergsmoen Potetpakkeri AS (4.3% → 4.8%), Andersen Gartneri AS (2.0% → 2.9%), Animalia AS (0.9% → 2.4%), BJERTNÆS & Hoel AS (10.1% → 11.3%), Wiig Gartneri AS (6.6% → 8.3%).
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.
Bankruptcies in the industry
26 enterprise bankruptcies in the last four quarters (2025K4–2026K3). Change +52.9% against the four quarters before (17).
Source: Statistics Norway (SSB), table 10790. CC BY 4.0. Our industry codes (SN2025) are linked to SSB’s (SN2007) with SSB’s correspondence table in Klass.
Latest bankruptcies and liquidations
- Ystgård Gartneri og Blomster AS 989795562 Bankruptcy · 3 November 2026 · 7 MNOK (2025)
- Den Grønne Nabo AS 926610643 Voluntary liquidation · 31 October 2026 · 0 MNOK (2025)
- Eskilt AS 992106565 Voluntary liquidation · 31 October 2026 · 0 MNOK (2025)
- Grøde Grønt AS 993372749 Forced dissolution · 31 October 2026
- Norwegian Forestry Group AS 977298008 Voluntary liquidation · 31 October 2026 · 6 MNOK (2025)
- Svanajord Skogsdrift AS 933249727 Voluntary liquidation · 31 October 2026 · 1 MNOK (2025)
- Fetterne AS 934547489 Voluntary liquidation · 30 October 2026 · 0 MNOK (2025)
- H.E. Dalland AS 924554959 Voluntary liquidation · 30 October 2026 · 1 MNOK (2025)
Industry codes (NACE)
| Code | Description |
|---|---|
| 01* | Hele hovedgruppe 01 |
| 01.110 | Dyrking av korn, unntatt ris, belgvekster og oljeholdige vekster |
| 01.130 | Dyrking av grønnsaker, meloner, rot- og knollvekster |
| 01.150 | Dyrking av tobakk |
| 01.160 | Dyrking av fibervekster |
| 01.190 | Dyrking av ettårige vekster ellers |
| 01.210 | Dyrking av druer |
| 01.240 | Dyrking av kjernefrukter og steinfrukter |
| 01.250 | Dyrking av annen frukt som vokser på trær eller busker samt nøtter |
| 01.270 | Dyrking av vekster for produksjon av drikkevarer |
| 01.280 | Dyrking av krydder og aromatiske, medisinske og farmasøytiske vekster |
| 01.290 | Dyrking av flerårige vekster ellers |
| 01.300 | Planteformering |
| 01.410 | Melkeproduksjon på storfe og oppdrett av melkekyr |
| 01.420 | Oppdrett av annet storfe til kjøttproduksjon og sædproduksjon |
| 01.430 | Hestehold |
| 01.440 | Oppdrett av kameler og andre kameldyr |
| 01.451 | Sauehold |
| 01.452 | Geitehold |
| 01.460 | Svinehold |
| 01.471 | Hold av verpehøner for konsumeggproduksjon |
| 01.479 | Annet fjørfehold |
| 01.481 | Reindrift |
| 01.489 | Husdyrhold ikke nevnt annet sted |
| 01.500 | Kombinert husdyrhold og planteproduksjon |
| 01.610 | Tjenester tilknyttet planteproduksjon |
| 01.620 | Tjenester tilknyttet husdyrhold |
| 01.630 | Etterbehandling av vekster etter innhøsting og behandling av såfrø |
| 01.700 | Jakt, fangst, viltstell og tilknyttede tjenester |
| 02* | Hele hovedgruppe 02 |
| 02.100 | Skogskjøtsel og andre skogbruksaktiviteter |
| 02.200 | Avvirkning |
| 02.300 | Innsamling av viltvoksende produkter av annet enn tre |
| 02.400 | Tjenester tilknyttet skogbruk |