Sector

2,010 companies ranked against comparable companies in four Morning company classes. Fiscal year 2024. Source: Brønnøysund Register Centre. Methodology

Ranking · 2024 · Morning class Large

Morning class Large · 2024
#CompanyProfileScoreChangeFive years
1 GILDESKÅL FORSKNINGSSTASJON AS Leader 86 −6
2 KVERVA FINANS ASsubsidiary of KVERVA AS Leader 84 +5
3 LOVUNDLAKS SJØ ASsubsidiary of SJYBOL AS Leader 83 +5
4 AQUAGEN AS Leader 82 −6
5 ERVIKS LAKS OG ØRRET AS Leader 79 +4
6 FJELBERG FJORDBRUK AS Leader 79 −11
7 ELLINGSEN SEAFOOD AS Leader 79 −5
8 KVERVA INDUSTRIER AS Leader 78 −1
9 KOBBEVIK OG FURUHOLMEN OPPDRETT AS Leader 77 −8
10 LOFOTEN VIKING ASsubsidiary of NERGÅRD AS Leader 74 −12
11 GLOBAL FLORØ ASsubsidiary of GLOBAL FISH AS Leader 74 −2
12 STEINVIK FISKEFARM AS Steward 73 +6
13 AS MØRE CODFISH COMPsubsidiary of GUSTAV STOKKE HOLDING AS Leader 72 −4
14 CERMAQ NORWAY SALMON AS Leader 71 –
15 TOMBRE FISKEANLEGG AS Leader 71 +34
16 LOFOTEN SJØPRODUKTER AS Leader 71 −3
17 TRIPLENINE VEDDE AS Leader 70 +2
18 NOVA SEA HAVBRUK AS Leader 70 −4
19 HELGELAND SMOLT AS Leader 70 +3
20 MOWI MARKETS NORWAY AS Leader 68 +33
21 NORDSJØ FJORDBRUK AS Leader 68 +15
22 NORDLAKS HAVBRUK AS Leader 67 +10
23 LERØY AURORA SJØ AS Leader 67 +28
24 KARMSUND PROTEIN ASsubsidiary of PELAGIA AS Leader 67 +8
25 BOLAKS FJORDBRUK AS Leader 66 −17
26 SINKABERG DRIFT AS Leader 64 −9
27 HOLMØY HAVBRUK AS Leader 62 −8
28 PRESTFJORD ASsubsidiary of HOLMØY HOLDING INVEST AS Leader 62 +8
29 FIRDA SJØFARMER AS Sprinter 62 +1
30 NILS SPERRE AS Leader 61 0
31 OLAV E FISKERSTRAND AS Steward 58 −6
32 SALAKS PRODUKSJON AS Sprinter 58 −17
33 OSLAND SEAFOOD AS Sprinter 57 +7
34 SJØTROLL HAVBRUK AS Leader 57 +15
35 LERØY MIDT SJØ AS Leader 57 +13
36 CERMAQ NORWAY ASsubsidiary of CERMAQ GROUP AS Sprinter 57 –
37 AS BOLAKS Steward 56 +4
38 LOFOTPRODUKT AS Steward 56 +4
39 PRIMA PROTEIN AS Leader 56 +2
40 SALMAR SETTEFISK AS Sprinter 55 +6
41 LERØY VEST AS Steward 55 +15
42 BJØRØYA AS Sprinter 55 +1
43 EMILSEN HAVBRUK AS Steward 55 +7
44 FOSNAVAAG PELAGIC AS Steward 54 +33
45 MOWI SEAWATER NORWAY AS Steward 54 +21
46 BRØDRENE SPERRE AS Builder 53 +4
47 LERØY FOSSEN AS Sprinter 52 +18
48 NORDLAKS PRODUKTER ASsubsidiary of NORDLAKS HOLDING AS Steward 51 −24
49 SUFI AS Sprinter 51 +5
50 NORSK SJØMAT STRANDA AS Sprinter 51 +5

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

  • HOFSETH SEA FARMING AS

    From 2023 to 2024: the equity ratio fell from 52.5% to 15.8% and the operating margin fell from 15.9% to 1.2%.

    −66
  • GRIEG SEAFOOD ROGALAND AS

    From 2023 to 2024: the equity ratio fell from 47.6% to 19.0% and the operating margin fell from 26.6% to 15.7%.

    −36
  • Kleiva Fiskefarm AS

    From 2023 to 2024: the operating margin fell from 33.9% to 4.0% and the equity ratio fell from 45.3% to 39.3%.

    −35
  • TOMBRE FISKEANLEGG AS

    From 2023 to 2024: the equity ratio rose from 8.6% to 47.2% and revenue grew by 43%.

    +34

Top lists in the sector · 2024 · Morning class Large

The five largest companies account for 40% of the sector's revenue. Combined profit before tax for the 101 ranked companies: 26,169 MNOK.

Highest revenue

  1. MOWI MARKETS NORWAY AS 26,974 MNOK
  2. SALMAR ASsubsidiary of SALMAR ASA 23,720 MNOK
  3. MOWI ASA 22,453 MNOK
  4. SALMAR OPPDRETT AS 18,608 MNOK
  5. MOWI SEAWATER NORWAY AS 18,571 MNOK

Operating revenue.

Highest operating margin

  1. KVERVA INDUSTRIER AS 96.4%
  2. KVERVA FINANS ASsubsidiary of KVERVA AS 95.0%
  3. ERVIKS LAKS OG ØRRET AS 40.1%
  4. SALMAR SETTEFISK AS 33.4%
  5. ELLINGSEN SEAFOOD AS 33.2%

Operating result divided by operating revenue.

Largest profit

  1. MOWI ASA 2,767 MNOK
  2. KVERVA INDUSTRIER AS 2,275 MNOK
  3. MOWI MARKETS NORWAY AS 2,036 MNOK
  4. SALMAR FARMING AS 1,854 MNOK
  5. CERMAQ NORWAY ASsubsidiary of CERMAQ GROUP AS 1,539 MNOK

Profit before tax.

Largest loss

  1. AKER BIOMARINE AS −473 MNOK
  2. LERØY NORWAY SEAFOODS AS −267 MNOK
  3. SJØTROLL HAVBRUK SJØ AS −226 MNOK
  4. GRØNTVEDT PELAGIC AS −196 MNOK
  5. LERØY VEST SJØ AS −125 MNOK

Profit before tax, the largest negative.

Most solid

  1. KVERVA FINANS ASsubsidiary of KVERVA AS 84.4%
  2. TRIPLENINE VEDDE AS 82.7%
  3. LOFOTEN VIKING ASsubsidiary of NERGÅRD AS 82.1%
  4. AS MØRE CODFISH COMPsubsidiary of GUSTAV STOKKE HOLDING AS 81.1%
  5. AQUAGEN AS 81.1%

Equity ratio: equity divided by total assets.

Fastest growth

  1. AKER BIOMARINE AS +810.4%
  2. FJELBERG FJORDBRUK AS +559.6%
  3. EIDSFJORD SJØFARM ASsubsidiary of HOLMØY MARITIME AS +330.8%
  4. AS BOLAKS +290.1%
  5. FINEFISH AS +185.7%

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

Largest revenue decline

  1. SEASHORE INDUSTRI ASsubsidiary of SEASHORE SJØ AS −53.1%
  2. ERKO SEAFOOD AS −45.5%
  3. THE QRILL COMPANY AS −35.3%
  4. NORDSJØ FJORDBRUK AS −34.9%
  5. LERØY NORWAY SEAFOODS AS −22.9%

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

Biggest climbers

  1. TOMBRE FISKEANLEGG AS +34.0 points
  2. MOWI MARKETS NORWAY AS +33.1 points
  3. FOSNAVAAG PELAGIC AS +32.9 points
  4. LERØY AURORA SJØ AS +27.8 points
  5. LERØY VEST SJØ AS +26.9 points

Change in index points from the year before.

Biggest fallers

  1. HOFSETH SEA FARMING AS −65.2 points
  2. GRIEG SEAFOOD ROGALAND AS −36.7 points
  3. Kleiva Fiskefarm AS −35.6 points
  4. SEASHORE INDUSTRI ASsubsidiary of SEASHORE SJØ AS −31.0 points
  5. LINGALAKS AS −28.1 points

Change in index points from the year before.

Most employees

  1. MOWI ASA 2,913
  2. SALMAR ASsubsidiary of SALMAR ASA 1,379
  3. SALMAR FARMING AS 1,278
  4. CERMAQ NORWAY ASsubsidiary of CERMAQ GROUP AS 1,254
  5. PELAGIA ASsubsidiary of PELAGIA HOLDING AS 881

Employees according to the Central Coordinating Register.

Highest revenue per employee

  1. CERMAQ NORWAY SALMON AS 461.9 MNOK
  2. MOWI SEAWATER NORWAY AS 431.9 MNOK
  3. NORDLAKS HAVBRUK AS 356.5 MNOK
  4. MÅSØVAL AS 310.2 MNOK
  5. MOWI MARKETS NORWAY AS 118.3 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.

MOWI MARKETS NORWAY AS: 74 / 80SALMAR AS: 62 / 5MOWI ASA: 45 / 65SALMAR OPPDRETT AS: 56 / 0MOWI SEAWATER NORWAY AS: 17 / 84SALMAR FARMING AS: 48 / 34PELAGIA AS: 32 / 53CERMAQ NORWAY SALMON AS: 80 / 93LERØY MIDT AS: 55 / 30CERMAQ NORWAY AS: 88 / 41VIKENCO AS: 62 / 28LERØY MIDT SJØ AS: 50 / 54NORDLAKS HAVBRUK AS: 52 / 90NOVA SEA HAVBRUK AS: 69 / 79LERØY AURORA AS: 47 / 51SINKABERG DRIFT AS: 62 / 87LERØY AURORA SJØ AS: 51 / 94BRØDRENE SPERRE AS: 45 / 49NORDLAKS OPPDRETT AS: 32 / 52LERØY VEST AS: 40 / 82LERØY VEST SJØ AS: 6 / 59KVERVA INDUSTRIER AS: 95 / 89SEASHORE SJØ AS: 42 / 2GRIEG SEAFOOD ROGALAND AS: 69 / 12PURE NORWEGIAN SEAFOOD AS: 13 / 24SJØTROLL HAVBRUK AS: 57 / 86HOFSETH AALESUND AS: 41 / 37THE QRILL COMPANY AS: 37 / 17SJØTROLL HAVBRUK SJØ AS: 5 / 50SALMAR SETTEFISK AS: 80 / 10FIRST SEAFOOD AS: 48 / 8FIRDA SJØFARMER AS: 85 / 42NORSK SJØMAT STRANDA AS: 65 / 36HOLMØY HAVBRUK AS: 83 / 55LOVUNDLAKS SJØ AS: 91 / 92HOFSETH AS: 49 / 58MÅSØVAL AS: 45 / 47NILS SPERRE AS: 58 / 64KARLSØYBRUKET AS: 15 / 19SINKABERG HAVBRUK AS: 22 / 9HOFSETH AQUA AS: 28 / 1BJØRØYA AS: 76 / 31GLOBAL FLORØ AS: 71 / 81EIDSFJORD SJØFARM AS: 34 / 61JANGAARD EXPORT AS: 30 / 56LOFOTEN VIKING AS: 67 / 98EIDE FJORDBRUK AS: 49 / 27GRØNTVEDT PELAGIC AS: 5 / 0BOLAKS FJORDBRUK AS: 84 / 60ELLINGSEN SEAFOOD AS: 92 / 88ISFJORD NORWAY AS: 23 / 16VIKOMAR AS: 26 / 39MYRE FISKEMOTTAK AS: 44 / 48LERØY NORWAY SEAFOODS AS: 1 / 77NORDSJØ FJORDBRUK AS: 95 / 70AKER BIOMARINE AS: 0 / 0AS BOLAKS: 39 / 66PRIMA PROTEIN AS: 89 / 57DOMSTEIN SJØMAT AS: 23 / 21SALAKS PRODUKSJON AS: 66 / 40TOMBRE FISKEANLEGG AS: 76 / 71LINGALAKS AS: 48 / 26LOFOTPRODUKT AS: 22 / 72AS MØRE CODFISH COMP: 52 / 97TRIPLENINE VEDDE AS: 57 / 99NERGÅRD HAVFISKE AS: 67 / 33GILDESKÅL FORSKNINGSSTASJON AS: 95 / 83FJORDLAKS AS: 23 / 35NORDLAND HAVFISKE AS: 70 / 38KOBBEVIK OG FURUHOLMEN OPPDRETT AS: 88 / 85SOTRA FISKEINDUSTRI AS: 9 / 32SJØMATHUSET AS: 26 / 43AQUAGEN AS: 87 / 96PRESTFJORD AS: 65 / 67ERKO SEAFOOD AS: 22 / 69SEAFOOD FARMERS OF NORWAY AS: 5 / 25FJELBERG FJORDBRUK AS: 91 / 75FLAKSTADVÅG LAKS AS: 86 / 18POLARFEED AS: 40 / 3FOSNAVAAG PELAGIC AS: 26 / 76LOFOTEN SJØPRODUKTER AS: 86 / 62HOFSETH SEA FARMING AS: 12 / 7Kvarøy Fiskeoppdrett A/S: 59 / 11STEINVIK FISKEFARM AS: 43 / 91BLOM FISKEOPPDRETT AS: 5 / 22HELGELAND SMOLT AS: 72 / 74OSLAND SEAFOOD AS: 79 / 20BRØDRENE KARLSEN AS: 5 / 14FINEFISH AS: 61 / 13SEASHORE INDUSTRI AS: 2 / 39NORDLAKS PRODUKTER AS: 33 / 95FINNMARK HAVFISKE AS: 69 / 63EMILSEN HAVBRUK AS: 11 / 68Kleiva Fiskefarm AS: 22 / 45KVERVA FINANS AS: 76 / 100OLAV E FISKERSTRAND AS: 39 / 73KARMSUND PROTEIN AS: 56 / 78STELLA POLARIS NORWAY AS: 42 / 4SUFI AS: 60 / 44TUFJORDBRUKET AS: 20 / 29ABYSS AS: 40 / 6LERØY FOSSEN AS: 61 / 46TYTLANDSVIK AQUA AS: 62 / 15ERVIKS LAKS OG ØRRET AS: 98 / 85STELLA POLARIS AS: 69 / 2300252550507575100100Solidity, percentile against peers →↑ Profitability, percentile against peers
MOWI MARKETS NORWAY AS: 74 / 80SALMAR AS: 62 / 5MOWI ASA: 45 / 65SALMAR OPPDRETT AS: 56 / 0MOWI SEAWATER NORWAY AS: 17 / 84SALMAR FARMING AS: 48 / 34PELAGIA AS: 32 / 53CERMAQ NORWAY SALMON AS: 80 / 93LERØY MIDT AS: 55 / 30CERMAQ NORWAY AS: 88 / 41VIKENCO AS: 62 / 28LERØY MIDT SJØ AS: 50 / 54NORDLAKS HAVBRUK AS: 52 / 90NOVA SEA HAVBRUK AS: 69 / 79LERØY AURORA AS: 47 / 51SINKABERG DRIFT AS: 62 / 87LERØY AURORA SJØ AS: 51 / 94BRØDRENE SPERRE AS: 45 / 49NORDLAKS OPPDRETT AS: 32 / 52LERØY VEST AS: 40 / 82LERØY VEST SJØ AS: 6 / 59KVERVA INDUSTRIER AS: 95 / 89SEASHORE SJØ AS: 42 / 2GRIEG SEAFOOD ROGALAND AS: 69 / 12PURE NORWEGIAN SEAFOOD AS: 13 / 24SJØTROLL HAVBRUK AS: 57 / 86HOFSETH AALESUND AS: 41 / 37THE QRILL COMPANY AS: 37 / 17SJØTROLL HAVBRUK SJØ AS: 5 / 50SALMAR SETTEFISK AS: 80 / 10FIRST SEAFOOD AS: 48 / 8FIRDA SJØFARMER AS: 85 / 42NORSK SJØMAT STRANDA AS: 65 / 36HOLMØY HAVBRUK AS: 83 / 55LOVUNDLAKS SJØ AS: 91 / 92HOFSETH AS: 49 / 58MÅSØVAL AS: 45 / 47NILS SPERRE AS: 58 / 64KARLSØYBRUKET AS: 15 / 19SINKABERG HAVBRUK AS: 22 / 9HOFSETH AQUA AS: 28 / 1BJØRØYA AS: 76 / 31GLOBAL FLORØ AS: 71 / 81EIDSFJORD SJØFARM AS: 34 / 61JANGAARD EXPORT AS: 30 / 56LOFOTEN VIKING AS: 67 / 98EIDE FJORDBRUK AS: 49 / 27GRØNTVEDT PELAGIC AS: 5 / 0BOLAKS FJORDBRUK AS: 84 / 60ELLINGSEN SEAFOOD AS: 92 / 88ISFJORD NORWAY AS: 23 / 16VIKOMAR AS: 26 / 39MYRE FISKEMOTTAK AS: 44 / 48LERØY NORWAY SEAFOODS AS: 1 / 77NORDSJØ FJORDBRUK AS: 95 / 70AKER BIOMARINE AS: 0 / 0AS BOLAKS: 39 / 66PRIMA PROTEIN AS: 89 / 57DOMSTEIN SJØMAT AS: 23 / 21SALAKS PRODUKSJON AS: 66 / 40TOMBRE FISKEANLEGG AS: 76 / 71LINGALAKS AS: 48 / 26LOFOTPRODUKT AS: 22 / 72AS MØRE CODFISH COMP: 52 / 97TRIPLENINE VEDDE AS: 57 / 99NERGÅRD HAVFISKE AS: 67 / 33GILDESKÅL FORSKNINGSSTASJON AS: 95 / 83FJORDLAKS AS: 23 / 35NORDLAND HAVFISKE AS: 70 / 38KOBBEVIK OG FURUHOLMEN OPPDRETT AS: 88 / 85SOTRA FISKEINDUSTRI AS: 9 / 32SJØMATHUSET AS: 26 / 43AQUAGEN AS: 87 / 96PRESTFJORD AS: 65 / 67ERKO SEAFOOD AS: 22 / 69SEAFOOD FARMERS OF NORWAY AS: 5 / 25FJELBERG FJORDBRUK AS: 91 / 75FLAKSTADVÅG LAKS AS: 86 / 18POLARFEED AS: 40 / 3FOSNAVAAG PELAGIC AS: 26 / 76LOFOTEN SJØPRODUKTER AS: 86 / 62HOFSETH SEA FARMING AS: 12 / 7Kvarøy Fiskeoppdrett A/S: 59 / 11STEINVIK FISKEFARM AS: 43 / 91BLOM FISKEOPPDRETT AS: 5 / 22HELGELAND SMOLT AS: 72 / 74OSLAND SEAFOOD AS: 79 / 20BRØDRENE KARLSEN AS: 5 / 14FINEFISH AS: 61 / 13SEASHORE INDUSTRI AS: 2 / 39NORDLAKS PRODUKTER AS: 33 / 95FINNMARK HAVFISKE AS: 69 / 63EMILSEN HAVBRUK AS: 11 / 68Kleiva Fiskefarm AS: 22 / 45KVERVA FINANS AS: 76 / 100OLAV E FISKERSTRAND AS: 39 / 73KARMSUND PROTEIN AS: 56 / 78STELLA POLARIS NORWAY AS: 42 / 4SUFI AS: 60 / 44TUFJORDBRUKET AS: 20 / 29ABYSS AS: 40 / 6LERØY FOSSEN AS: 61 / 46TYTLANDSVIK AQUA AS: 62 / 15ERVIKS LAKS OG ØRRET AS: 98 / 85STELLA POLARIS AS: 69 / 2300252550507575100100Solidity, percentile against peers →↑ Profitability, percentile against peers

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

  • Lion · LeaderHigh profitability, high solidity
  • Cheetah · SprinterHigh profitability, lower solidity
  • Elephant · StewardLower profitability, high solidity
  • Beaver · BuilderLower profitability, lower solidity
Show the positions as a list
CompanyProfileProfitabilitySolidityIn 2023 (profitability / solidity)
ERVIKS LAKS OG ØRRET ASLion9885–
GILDESKÅL FORSKNINGSSTASJON ASLion958392 / 87
KVERVA INDUSTRIER ASLion958975 / 95
NORDSJØ FJORDBRUK ASLion957091 / 31
ELLINGSEN SEAFOOD ASLion928892 / 84
LOVUNDLAKS SJØ ASLion919288 / 83
FJELBERG FJORDBRUK ASLion9175–
PRIMA PROTEIN ASLion895782 / 56
KOBBEVIK OG FURUHOLMEN OPPDRETT ASLion888589 / 76
CERMAQ NORWAY ASCheetah8841–
AQUAGEN ASLion879676 / 99
FLAKSTADVÅG LAKS ASCheetah861893 / 26
LOFOTEN SJØPRODUKTER ASLion866284 / 66
FIRDA SJØFARMER ASCheetah854286 / 34
BOLAKS FJORDBRUK ASLion846085 / 79
HOLMØY HAVBRUK ASLion835592 / 65
SALMAR SETTEFISK ASCheetah801081 / 10
CERMAQ NORWAY SALMON ASLion8093–
OSLAND SEAFOOD ASCheetah792023 / 54
TOMBRE FISKEANLEGG ASLion767154 / 5
KVERVA FINANS ASLion7610068 / 93
BJØRØYA ASCheetah763190 / 14
MOWI MARKETS NORWAY ASLion748047 / 20
HELGELAND SMOLT ASLion7274–
GLOBAL FLORØ ASLion718154 / 88
NORDLAND HAVFISKE ASCheetah703872 / 43
NOVA SEA HAVBRUK ASLion697977 / 73
FINNMARK HAVFISKE ASLion696359 / 51
STELLA POLARIS ASCheetah6923–
GRIEG SEAFOOD ROGALAND ASCheetah691285 / 72
LOFOTEN VIKING ASLion679861 / 100
NERGÅRD HAVFISKE ASCheetah673355 / 35
SALAKS PRODUKSJON ASCheetah664086 / 70
NORSK SJØMAT STRANDA ASCheetah653660 / 32
PRESTFJORD ASLion656730 / 62
SINKABERG DRIFT ASLion628761 / 85
TYTLANDSVIK AQUA ASCheetah6215–
SALMAR ASCheetah62554 / 8
VIKENCO ASCheetah622849 / 30
LERØY FOSSEN ASCheetah614638 / 39
FINEFISH ASCheetah6113–
SUFI ASCheetah604442 / 44
Kvarøy Fiskeoppdrett A/SCheetah591110 / 7
NILS SPERRE ASLion586434 / 69
TRIPLENINE VEDDE ASLion579980 / 71
SJØTROLL HAVBRUK ASLion578634 / 58
KARMSUND PROTEIN ASLion567845 / 77
SALMAR OPPDRETT ASCheetah56043 / 0
LERØY MIDT ASCheetah553045 / 33
AS MØRE CODFISH COMPLion529744 / 96
NORDLAKS HAVBRUK ASLion529032 / 91
LERØY AURORA SJØ ASLion519469 / 23
LERØY MIDT SJØ ASLion505462 / 22
EIDE FJORDBRUK ASBeaver492759 / 36
HOFSETH ASElephant495837 / 82
FIRST SEAFOOD ASBeaver48838 / 15
LINGALAKS ASBeaver482663 / 67
SALMAR FARMING ASBeaver483451 / 27
LERØY AURORA ASElephant475153 / 40
MÅSØVAL ASBeaver454750 / 47
BRØDRENE SPERRE ASBeaver454926 / 53
MOWI ASAElephant456537 / 52
MYRE FISKEMOTTAK ASBeaver444823 / 45
STEINVIK FISKEFARM ASElephant439142 / 80
SEASHORE SJØ ASBeaver42261 / 9
STELLA POLARIS NORWAY ASBeaver424–
HOFSETH AALESUND ASBeaver413747 / 28
ABYSS ASBeaver406–
LERØY VEST ASElephant408234 / 50
POLARFEED ASBeaver40334 / 3
OLAV E FISKERSTRAND ASElephant3973–
AS BOLAKSElephant3966–
THE QRILL COMPANY ASBeaver371744 / 4
EIDSFJORD SJØFARM ASElephant3461–
NORDLAKS PRODUKTER ASElephant339567 / 94
NORDLAKS OPPDRETT ASElephant325232 / 74
PELAGIA ASElephant325351 / 64
JANGAARD EXPORT ASElephant30569 / 75
HOFSETH AQUA ASBeaver28132 / 6
FOSNAVAAG PELAGIC ASElephant267620 / 19
SJØMATHUSET ASBeaver264320 / 41
VIKOMAR ASBeaver263914 / 59
FJORDLAKS ASBeaver233514 / 38
DOMSTEIN SJØMAT ASBeaver232121 / 24
ISFJORD NORWAY ASBeaver231627 / 12
Kleiva Fiskefarm ASBeaver224586 / 68
LOFOTPRODUKT ASElephant227234 / 63
ERKO SEAFOOD ASElephant226985 / 49
SINKABERG HAVBRUK ASBeaver22973 / 13
TUFJORDBRUKET ASBeaver202918 / 25
MOWI SEAWATER NORWAY ASElephant178446 / 18
KARLSØYBRUKET ASBeaver151925 / 21
PURE NORWEGIAN SEAFOOD ASBeaver132410 / 11
HOFSETH SEA FARMING ASBeaver12781 / 78
EMILSEN HAVBRUK ASElephant1168–
SOTRA FISKEINDUSTRI ASBeaver93224 / 55
LERØY VEST SJØ ASElephant6593 / 17
SJØTROLL HAVBRUK SJØ ASElephant5506 / 16
BLOM FISKEOPPDRETT ASBeaver522–
SEAFOOD FARMERS OF NORWAY ASBeaver5254 / 37
BRØDRENE KARLSEN ASBeaver51411 / 46
GRØNTVEDT PELAGIC ASBeaver502 / 2
SEASHORE INDUSTRI ASBeaver2392 / 81
LERØY NORWAY SEAFOODS ASElephant1770 / 48
AKER BIOMARINE ASBeaver00–
The sector in numbers

Summary · fiscal year 2024 · Morning class Large

The sector's median operating margin is 7.7%. 3 of 105 companies have negative equity. The median equity ratio is 39.8%.

Companies with accounts105
Total revenue274,155 MNOK
Median operating margin7.7%
Median equity ratio39.8%
Share with a loss13%
Share with negative equity3%

All figures are for fiscal year 2024. Ranked: 105 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: 4 subsidiaries (7,613 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

  • 5 companies report in another currency. Their revenue is converted at the mean rate for the accounting period and makes up 26% of the total.

Climbers and fallers · Morning class Large

Change in rank from 2023 to 2024, for 89 companies ranked in both years.

Climbers

  1. 54TOMBRE FISKEANLEGG ASfrom rank 69 to 1571
  2. 53MOWI MARKETS NORWAY ASfrom rank 73 to 2068
  3. 45FOSNAVAAG PELAGIC ASfrom rank 89 to 4454
  4. 43LERØY AURORA SJØ ASfrom rank 66 to 2367
  5. 31MOWI SEAWATER NORWAY ASfrom rank 76 to 4554

Fallers

  1. 91HOFSETH SEA FARMING ASfrom rank 10 to 10117
  2. 58GRIEG SEAFOOD ROGALAND ASfrom rank 25 to 8335
  3. 53Kleiva Fiskefarm ASfrom rank 14 to 6742
  4. 49SEASHORE INDUSTRI ASfrom rank 55 to 10413
  5. 46LINGALAKS ASfrom rank 28 to 7439

Awards · 2024 · Morning class Large

Most profitableKVERVA INDUSTRIER AS96.4%
Fastest growthAKER BIOMARINE AS810.4%
Strongest balance sheetKVERVA FINANS AS84.4%
Largest revenueMOWI MARKETS NORWAY AS26,974 MNOK
Highest revenue per employeeCERMAQ NORWAY SALMON AS461.9 MNOK

Needs attention · 2024 · Morning class Large

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

Sector map · 2024 · Morning class Large

Profitability against solidity for the ranked companies. Size shows revenue. Coral triangle: negative equity. Click to open the company. Outliers are placed on the edge.

0%10%20%30%0%20%40%60%Operating margin (profitability) →Equity ratio (solidity) →MOWI MARKETS NORWAY AS: operating margin 7.4%, equity ratio 56.8%, rank 20SALMAR AS: operating margin 5.7%, equity ratio 15.0%, rank 89MOWI ASA: operating margin 13.8%, equity ratio 45.3%, rank 59SALMAR OPPDRETT AS: operating margin 11.2%, equity ratio −0.6%, rank 84MOWI SEAWATER NORWAY AS: operating margin 1.8%, equity ratio 62.4%, rank 45SALMAR FARMING AS: operating margin 8.6%, equity ratio 33.7%, rank 82PELAGIA AS: operating margin 3.8%, equity ratio 41.2%, rank 71CERMAQ NORWAY SALMON AS: operating margin 21.9%, equity ratio 70.4%, rank 14LERØY MIDT AS: operating margin 13.3%, equity ratio 31.2%, rank 62CERMAQ NORWAY AS: operating margin 26.4%, equity ratio 36.3%, rank 36VIKENCO AS: operating margin 6.3%, equity ratio 29.9%, rank 69LERØY MIDT SJØ AS: operating margin 10.4%, equity ratio 42.6%, rank 35NORDLAKS HAVBRUK AS: operating margin 13.9%, equity ratio 68.0%, rank 22NOVA SEA HAVBRUK AS: operating margin 17.7%, equity ratio 53.4%, rank 18LERØY AURORA AS: operating margin 14.2%, equity ratio 40.6%, rank 56SINKABERG DRIFT AS: operating margin 10.0%, equity ratio 64.6%, rank 26LERØY AURORA SJØ AS: operating margin 9.2%, equity ratio 74.9%, rank 23BRØDRENE SPERRE AS: operating margin 4.6%, equity ratio 39.8%, rank 46NORDLAKS OPPDRETT AS: operating margin 6.7%, equity ratio 40.6%, rank 58LERØY VEST AS: operating margin 8.5%, equity ratio 60.7%, rank 41LERØY VEST SJØ AS: operating margin −6.3%, equity ratio 43.8%, rank 73KVERVA INDUSTRIER AS: operating margin 96.4%, equity ratio 66.2%, rank 8SEASHORE SJØ AS: operating margin 6.9%, equity ratio 11.0%, rank 87GRIEG SEAFOOD ROGALAND AS: operating margin 15.7%, equity ratio 19.0%, rank 83PURE NORWEGIAN SEAFOOD AS: operating margin −0.5%, equity ratio 27.8%, rank 98SJØTROLL HAVBRUK AS: operating margin 8.9%, equity ratio 64.0%, rank 34HOFSETH AALESUND AS: operating margin 4.8%, equity ratio 35.1%, rank 63THE QRILL COMPANY AS: operating margin 7.9%, equity ratio 23.4%, rank 85SJØTROLL HAVBRUK SJØ AS: operating margin −8.5%, equity ratio 40.6%, rank 88SALMAR SETTEFISK AS: operating margin 33.4%, equity ratio 18.6%, rank 40FIRST SEAFOOD AS: operating margin 2.9%, equity ratio 16.2%, rank 79FIRDA SJØFARMER AS: operating margin 16.9%, equity ratio 36.9%, rank 29NORSK SJØMAT STRANDA AS: operating margin 7.5%, equity ratio 34.6%, rank 50HOLMØY HAVBRUK AS: operating margin 32.1%, equity ratio 43.2%, rank 27LOVUNDLAKS SJØ AS: operating margin 28.4%, equity ratio 68.9%, rank 3HOFSETH AS: operating margin 5.7%, equity ratio 43.8%, rank 70MÅSØVAL AS: operating margin 12.8%, equity ratio 39.5%, rank 68NILS SPERRE AS: operating margin 6.1%, equity ratio 45.3%, rank 30KARLSØYBRUKET AS: operating margin 2.8%, equity ratio 24.6%, rank 91SINKABERG HAVBRUK AS: operating margin 3.9%, equity ratio 17.1%, rank 76HOFSETH AQUA AS: operating margin 5.7%, equity ratio 9.0%, rank 99BJØRØYA AS: operating margin 19.7%, equity ratio 31.8%, rank 42GLOBAL FLORØ AS: operating margin 7.7%, equity ratio 56.9%, rank 11EIDSFJORD SJØFARM AS: operating margin 4.8%, equity ratio 44.7%, rank 51JANGAARD EXPORT AS: operating margin 4.1%, equity ratio 43.2%, rank 66LOFOTEN VIKING AS: operating margin 10.6%, equity ratio 82.1%, rank 10EIDE FJORDBRUK AS: operating margin 10.5%, equity ratio 29.3%, rank 54GRØNTVEDT PELAGIC AS: operating margin −8.0%, equity ratio −10.8%, rank 105BOLAKS FJORDBRUK AS: operating margin 18.4%, equity ratio 44.3%, rank 25ELLINGSEN SEAFOOD AS: operating margin 33.2%, equity ratio 65.1%, rank 7ISFJORD NORWAY AS: operating margin 2.4%, equity ratio 22.3%, rank 96VIKOMAR AS: operating margin 2.8%, equity ratio 35.4%, rank 77MYRE FISKEMOTTAK AS: operating margin 3.0%, equity ratio 39.6%, rank 64LERØY NORWAY SEAFOODS AS: operating margin −23.5%, equity ratio 52.9%, rank 81NORDSJØ FJORDBRUK AS: operating margin 29.1%, equity ratio 46.7%, rank 21AKER BIOMARINE AS: operating margin −38.0%, equity ratio −12.4%, rank 100AS BOLAKS: operating margin 4.8%, equity ratio 45.4%, rank 37PRIMA PROTEIN AS: operating margin 19.1%, equity ratio 43.5%, rank 39DOMSTEIN SJØMAT AS: operating margin 1.7%, equity ratio 25.2%, rank 86SALAKS PRODUKSJON AS: operating margin 19.7%, equity ratio 35.7%, rank 32TOMBRE FISKEANLEGG AS: operating margin 15.2%, equity ratio 47.2%, rank 15LINGALAKS AS: operating margin 11.5%, equity ratio 28.5%, rank 74LOFOTPRODUKT AS: operating margin 2.8%, equity ratio 47.5%, rank 38AS MØRE CODFISH COMP: operating margin 3.9%, equity ratio 81.1%, rank 13TRIPLENINE VEDDE AS: operating margin 7.0%, equity ratio 82.7%, rank 17NERGÅRD HAVFISKE AS: operating margin 25.3%, equity ratio 32.9%, rank 65GILDESKÅL FORSKNINGSSTASJON AS: operating margin 32.0%, equity ratio 61.6%, rank 1FJORDLAKS AS: operating margin 4.7%, equity ratio 34.3%, rank 92NORDLAND HAVFISKE AS: operating margin 18.6%, equity ratio 35.1%, rank 78KOBBEVIK OG FURUHOLMEN OPPDRETT AS: operating margin 24.3%, equity ratio 72.5%, rank 9SOTRA FISKEINDUSTRI AS: operating margin −0.1%, equity ratio 32.2%, rank 95SJØMATHUSET AS: operating margin 2.2%, equity ratio 37.2%, rank 72AQUAGEN AS: operating margin 28.8%, equity ratio 81.1%, rank 4PRESTFJORD AS: operating margin 24.7%, equity ratio 45.8%, rank 28ERKO SEAFOOD AS: operating margin 4.0%, equity ratio 46.6%, rank 61SEAFOOD FARMERS OF NORWAY AS: operating margin −5.4%, equity ratio 28.4%, rank 102FJELBERG FJORDBRUK AS: operating margin 28.1%, equity ratio 51.5%, rank 6FLAKSTADVÅG LAKS AS: operating margin 25.2%, equity ratio 24.5%, rank 52POLARFEED AS: operating margin 3.6%, equity ratio 11.1%, rank 75FOSNAVAAG PELAGIC AS: operating margin 1.8%, equity ratio 52.7%, rank 44LOFOTEN SJØPRODUKTER AS: operating margin 31.8%, equity ratio 44.9%, rank 16HOFSETH SEA FARMING AS: operating margin 1.2%, equity ratio 15.8%, rank 101Kvarøy Fiskeoppdrett A/S: operating margin 9.4%, equity ratio 18.8%, rank 80STEINVIK FISKEFARM AS: operating margin 6.2%, equity ratio 68.1%, rank 12BLOM FISKEOPPDRETT AS: operating margin −10.8%, equity ratio 26.0%, rank 94HELGELAND SMOLT AS: operating margin 31.8%, equity ratio 50.8%, rank 19OSLAND SEAFOOD AS: operating margin 14.6%, equity ratio 24.9%, rank 33BRØDRENE KARLSEN AS: operating margin −4.2%, equity ratio 20.8%, rank 103FINEFISH AS: operating margin 5.7%, equity ratio 20.4%, rank 57SEASHORE INDUSTRI AS: operating margin −22.7%, equity ratio 35.2%, rank 104NORDLAKS PRODUKTER AS: operating margin 5.2%, equity ratio 78.5%, rank 48FINNMARK HAVFISKE AS: operating margin 19.0%, equity ratio 45.0%, rank 55EMILSEN HAVBRUK AS: operating margin 0.9%, equity ratio 46.5%, rank 43Kleiva Fiskefarm AS: operating margin 4.0%, equity ratio 39.3%, rank 67KVERVA FINANS AS: operating margin 95.0%, equity ratio 84.4%, rank 2OLAV E FISKERSTRAND AS: operating margin 3.2%, equity ratio 47.6%, rank 31KARMSUND PROTEIN AS: operating margin 9.7%, equity ratio 53.1%, rank 24STELLA POLARIS NORWAY AS: operating margin 0.3%, equity ratio 13.2%, rank 90SUFI AS: operating margin 7.8%, equity ratio 37.2%, rank 49TUFJORDBRUKET AS: operating margin 3.9%, equity ratio 30.3%, rank 97ABYSS AS: operating margin 9.2%, equity ratio 15.1%, rank 93LERØY FOSSEN AS: operating margin 6.7%, equity ratio 39.4%, rank 47TYTLANDSVIK AQUA AS: operating margin 16.7%, equity ratio 21.8%, rank 53ERVIKS LAKS OG ØRRET AS: operating margin 40.1%, equity ratio 63.3%, rank 5STELLA POLARIS AS: operating margin 13.8%, equity ratio 26.0%, rank 60
Show the map's figures as a table
CompanyOperating marginEquity ratioRevenue
GILDESKÅL FORSKNINGSSTASJON AS32.0%61.6%883 MNOK
KVERVA FINANS AS95.0%84.4%616 MNOK
LOVUNDLAKS SJØ AS28.4%68.9%1,608 MNOK
AQUAGEN AS28.8%81.1%820 MNOK
ERVIKS LAKS OG ØRRET AS40.1%63.3%505 MNOK
FJELBERG FJORDBRUK AS28.1%51.5%759 MNOK
ELLINGSEN SEAFOOD AS33.2%65.1%1,162 MNOK
KVERVA INDUSTRIER AS96.4%66.2%2,389 MNOK
KOBBEVIK OG FURUHOLMEN OPPDRETT AS24.3%72.5%869 MNOK
LOFOTEN VIKING AS10.6%82.1%1,234 MNOK
GLOBAL FLORØ AS7.7%56.9%1,304 MNOK
STEINVIK FISKEFARM AS6.2%68.1%670 MNOK
AS MØRE CODFISH COMP3.9%81.1%915 MNOK
CERMAQ NORWAY SALMON AS21.9%70.4%7,852 MNOK
TOMBRE FISKEANLEGG AS15.2%47.2%955 MNOK
LOFOTEN SJØPRODUKTER AS31.8%44.9%726 MNOK
TRIPLENINE VEDDE AS7.0%82.7%884 MNOK
NOVA SEA HAVBRUK AS17.7%53.4%3,510 MNOK
HELGELAND SMOLT AS31.8%50.8%663 MNOK
MOWI MARKETS NORWAY AS7.4%56.8%26,974 MNOK
NORDSJØ FJORDBRUK AS29.1%46.7%1,049 MNOK
NORDLAKS HAVBRUK AS13.9%68.0%4,278 MNOK
LERØY AURORA SJØ AS9.2%74.9%3,075 MNOK
KARMSUND PROTEIN AS9.7%53.1%597 MNOK
BOLAKS FJORDBRUK AS18.4%44.3%1,168 MNOK
SINKABERG DRIFT AS10.0%64.6%3,179 MNOK
HOLMØY HAVBRUK AS32.1%43.2%1,620 MNOK
PRESTFJORD AS24.7%45.8%810 MNOK
FIRDA SJØFARMER AS16.9%36.9%1,690 MNOK
NILS SPERRE AS6.1%45.3%1,512 MNOK
OLAV E FISKERSTRAND AS3.2%47.6%598 MNOK
SALAKS PRODUKSJON AS19.7%35.7%961 MNOK
OSLAND SEAFOOD AS14.6%24.9%654 MNOK
SJØTROLL HAVBRUK AS8.9%64.0%2,125 MNOK
LERØY MIDT SJØ AS10.4%42.6%4,956 MNOK
CERMAQ NORWAY AS26.4%36.3%5,212 MNOK
AS BOLAKS4.8%45.4%1,009 MNOK
LOFOTPRODUKT AS2.8%47.5%918 MNOK
PRIMA PROTEIN AS19.1%43.5%1,001 MNOK
SALMAR SETTEFISK AS33.4%18.6%1,724 MNOK
LERØY VEST AS8.5%60.7%2,624 MNOK
BJØRØYA AS19.7%31.8%1,330 MNOK
EMILSEN HAVBRUK AS0.9%46.5%626 MNOK
FOSNAVAAG PELAGIC AS1.8%52.7%747 MNOK
MOWI SEAWATER NORWAY AS1.8%62.4%18,571 MNOK
BRØDRENE SPERRE AS4.6%39.8%3,053 MNOK
LERØY FOSSEN AS6.7%39.4%534 MNOK
NORDLAKS PRODUKTER AS5.2%78.5%630 MNOK
SUFI AS7.8%37.2%580 MNOK
NORSK SJØMAT STRANDA AS7.5%34.6%1,678 MNOK
EIDSFJORD SJØFARM AS4.8%44.7%1,302 MNOK
FLAKSTADVÅG LAKS AS25.2%24.5%751 MNOK
TYTLANDSVIK AQUA AS16.7%21.8%506 MNOK
EIDE FJORDBRUK AS10.5%29.3%1,203 MNOK
FINNMARK HAVFISKE AS19.0%45.0%628 MNOK
LERØY AURORA AS14.2%40.6%3,335 MNOK
FINEFISH AS5.7%20.4%643 MNOK
NORDLAKS OPPDRETT AS6.7%40.6%2,670 MNOK
MOWI ASA13.8%45.3%22,453 MNOK
STELLA POLARIS AS13.8%26.0%505 MNOK
ERKO SEAFOOD AS4.0%46.6%797 MNOK
LERØY MIDT AS13.3%31.2%5,630 MNOK
HOFSETH AALESUND AS4.8%35.1%1,981 MNOK
MYRE FISKEMOTTAK AS3.0%39.6%1,072 MNOK
NERGÅRD HAVFISKE AS25.3%32.9%883 MNOK
JANGAARD EXPORT AS4.1%43.2%1,265 MNOK
Kleiva Fiskefarm AS4.0%39.3%621 MNOK
MÅSØVAL AS12.8%39.5%1,551 MNOK
VIKENCO AS6.3%29.9%4,966 MNOK
HOFSETH AS5.7%43.8%1,585 MNOK
PELAGIA AS3.8%41.2%11,239 MNOK
SJØMATHUSET AS2.2%37.2%827 MNOK
LERØY VEST SJØ AS−6.3%43.8%2,436 MNOK
LINGALAKS AS11.5%28.5%954 MNOK
POLARFEED AS3.6%11.1%749 MNOK
SINKABERG HAVBRUK AS3.9%17.1%1,415 MNOK
VIKOMAR AS2.8%35.4%1,099 MNOK
NORDLAND HAVFISKE AS18.6%35.1%871 MNOK
FIRST SEAFOOD AS2.9%16.2%1,707 MNOK
Kvarøy Fiskeoppdrett A/S9.4%18.8%693 MNOK
LERØY NORWAY SEAFOODS AS−23.5%52.9%1,061 MNOK
SALMAR FARMING AS8.6%33.7%13,475 MNOK
GRIEG SEAFOOD ROGALAND AS15.7%19.0%2,337 MNOK
SALMAR OPPDRETT AS11.2%−0.6%18,608 MNOK
THE QRILL COMPANY AS7.9%23.4%1,933 MNOK
DOMSTEIN SJØMAT AS1.7%25.2%984 MNOK
SEASHORE SJØ AS6.9%11.0%2,351 MNOK
SJØTROLL HAVBRUK SJØ AS−8.5%40.6%1,768 MNOK
SALMAR AS5.7%15.0%23,720 MNOK
STELLA POLARIS NORWAY AS0.3%13.2%582 MNOK
KARLSØYBRUKET AS2.8%24.6%1,427 MNOK
FJORDLAKS AS4.7%34.3%875 MNOK
ABYSS AS9.2%15.1%555 MNOK
BLOM FISKEOPPDRETT AS−10.8%26.0%667 MNOK
SOTRA FISKEINDUSTRI AS−0.1%32.2%852 MNOK
ISFJORD NORWAY AS2.4%22.3%1,161 MNOK
TUFJORDBRUKET AS3.9%30.3%569 MNOK
PURE NORWEGIAN SEAFOOD AS−0.5%27.8%2,312 MNOK
HOFSETH AQUA AS5.7%9.0%1,364 MNOK
AKER BIOMARINE AS−38.0%−12.4%1,038 MNOK
HOFSETH SEA FARMING AS1.2%15.8%715 MNOK
SEAFOOD FARMERS OF NORWAY AS−5.4%28.4%788 MNOK
BRØDRENE KARLSEN AS−4.2%20.8%648 MNOK
SEASHORE INDUSTRI AS−22.7%35.2%635 MNOK
GRØNTVEDT PELAGIC AS−8.0%−10.8%1,200 MNOK

Scenario analysis: the sector's weakest year

The sector's weakest year was 2022, with a median operating margin of −0.5%.

Based on the 10 fiscal years we have. The analysis grows as more years are fetched or imported.

Fiscal yearMedian operating marginMedian equity ratio
2017––
2018––
2019––
2020––
2021––
2022 · weakest year−0.5%21.6%
202312.3%33.8%
20248.7%33.3%
202512.4%34.0%
202613.8%67.6%

In 2022, 5 ranked companies did better than the sector, 4 about the same and 9 weaker.

Held up best in 2022

  1. 1ØYTIND ASequity ratio 92.5%53.2%
  2. 2BR. OLAFSEN KYSTFISKE ASequity ratio 35.9%44.9%
  3. 3L. FISKHOLMEN ASequity ratio 54.2%20.2%
  4. 4NORDKYN EIENDOM ASequity ratio 14.7%11.1%
  5. 5SKJÅNESBRUKET ASequity ratio 8.4%1.1%

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.

Export price of fresh salmon (kr per kg)

Latest value: 76.0 (2026U43)

Export price of fresh salmon fell 13.4% in 2025; the sector's median operating margin rose 3.7 percentage points.

Export price of fresh salmon per year and the sector's median operating margin
Measure202120222023202420252026
Export price of fresh salmon, annual average59.280.895.294.481.878.8 (so far)
Change from the year before+3.0%+36.3%+17.9%−0.8%−13.4%−3.6%
Sector's median operating margin–−0.5%12.3%8.7%12.4%13.8%

Source: SSB (03024, CC BY 4.0). Source · fetched 30 October 2026

EUR/NOK (kr)

Latest value: 10.80 (2026-09)

EUR/NOK rose 0.8% in 2025; the sector's median operating margin rose 3.7 percentage points.

EUR/NOK per year and the sector's median operating margin
Measure202120222023202420252026
EUR/NOK, annual average10.1610.1011.4211.6211.7211.09 (so far)
Change from the year before−5.2%−0.6%+13.1%+1.8%+0.8%−5.4%
Sector's median operating margin–−0.5%12.3%8.7%12.4%13.8%

Source: Norges Bank (EXR, NLOD 2.0). Source · fetched 30 October 2026

When export price of fresh salmon fell in 2025, 1,280 of 2,142 ranked companies kept their operating margin at or above the year before. Among the largest: VIKENCO AS (6.3% → 7.0%), BRØDRENE SPERRE AS (4.6% → 5.1%), NORDLAKS OPPDRETT AS (6.7% → 7.2%), LERØY VEST SJØ AS (−6.3% → −4.9%), SINKABERG DRIFT AS (10.0% → 11.3%).

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.

Enterprises, employment and turnover · 2024

Enterprises
416
−1.2% from 2023
Persons employed · 2023
12,035
Turnover · 2023
NOK 108.6 bn
Gross operating margin · 2023
5.7%
Gross operating surplus divided by turnover

All enterprises, sole proprietorships included. SSB withholds some figures for confidentiality. The figure then shows the latest year with every value, and the year is given beside it. The table has no figures for 03.

Bankruptcies in the industry

27 enterprise bankruptcies in the last four quarters (2025K4–2026K3). Change −28.9% against the four quarters before (38).

112024K482025K182025K2112025K392025K482026K162026K242026K3

Foreign-controlled enterprises · 2024

Share of enterprises
2.7%
Share of persons employed
10.6%
Share of turnover
20.6%

SSB publishes this for groups of industries only. The figures are for the group “Nærings-, drikkevare- og tobakksindustri”.

Export price · Fersk oppalen laks

76.0 NOK per kg · 2026U43
−2.8% against 2025U43.

Weekly, 2024U43 to 2026U43.

Source: Statistics Norway (SSB), table 12910, table 10790, table 08085, table 03024. CC BY 4.0. Our industry codes (SN2025) are linked to SSB’s (SN2007) with SSB’s correspondence table in Klass.

Latest bankruptcies and liquidations

All bankruptcies and liquidations in the sector

Industry codes (NACE)

CodeDescription
03*Hele hovedgruppe 03
03.110Fiske og fangst i sjø
03.120Fiske og fangst i ferskvann
03.211Produksjon av fisk, bløtdyr, krepsdyr og pigghuder i sjø og brakkvann
03.212Produksjon av yngel og settefisk i sjø og brakkvann
03.221Produksjon av fisk, bløtdyr, krepsdyr og andre dyr som lever i ferskvann
03.222Produksjon av yngel og settefisk i ferskvann
03.300Tjenester tilknyttet fiske, fangst og akvakultur
10.201Produksjon av saltfisk, tørrfisk og klippfisk
10.202Slakting av fisk, skalldyr og bløtdyr
10.203Frysing og videre bearbeiding av fisk, skalldyr og bløtdyr