Sector

Teknisk tjenesteyting og forskning

Download sector report (PDF)

2,544 companies ranked against comparable companies in four Morning company classes. Fiscal year 2023. Source: Brønnøysund Register Centre. Methodology

Ranking · 2023 · Morning class Large

Morning class Large · 2023
#CompanyProfileScoreChangeFive years
1 Navico Holding AS Leader 98 –
2 Syncrolift AS Leader 88 –
3 Letsea AS Leader 82 –
4 Techouse AS Leader 79 –
5 Asplan Viak AS Steward 77 –
6 Bauer Media Outdoor Norge AS Leader 74 –
7 PGS Geophysical ASsubsidiary of TGS ASA Leader 71 –
8 Multiconsult Norge AS Leader 69 –
9 Norges Sjømatråd AS Steward 69 –
10 SINTEF Energi AS Steward 66 –
11 Norconsult Norge AS Leader 65 –
12 SINTEF Ocean AS Steward 64 –
13 AF Energi AS Leader 64 –
14 Afry Norway Advisory AS Sprinter 64 –
15 Sweco Norge AS Leader 63 –
16 Omd AS Steward 62 –
17 Reach Subsea AS Leader 61 –
18 Rambøll Norge AS Leader 61 –
19 Fugro Norway AS Leader 59 –
20 Hrp AS Steward 59 –
21 Nofima AS Steward 57 –
22 Cowi AS Sprinter 57 –
23 Shearwater Geoservices Norway AS Sprinter 56 –
24 Anicura AS Steward 56 0
25 Dnv AS Steward 55 –
26 Metier AS Steward 55 –
27 Siemens Mobility AS Sprinter 53 –
28 Snøhetta Oslo AS Sprinter 52 –
29 Autostore AS Builder 49 –
30 CGG SERVICES (NORWAY) AS Sprinter 49 –
31 Dnv Business Assurance Norway AS Leader 48 –
32 SINTEF AS Builder 48 –
33 Odfjell Engineering AS Sprinter 44 –
34 Element Logic AS Sprinter 42 –
35 Siemens AS Sprinter 39 –
36 TGS ASA Sprinter 35 –
37 Goodtech ASsubsidiary of Goodtech ASA Sprinter 34 –
38 Afry Norway AS Steward 32 –
39 Norce Research AS Builder 31 –
40 Dentsu Norge AS Builder 30 –
41 Siemens Energy AS Builder 30 –
42 Wsp Norge AS Steward 29 –
43 Vestas Norway AS Builder 29 −5
44 Seaonics AS Builder 28 –
45 Mediabrands AS Builder 28 –
46 Ikm Consultants AS Builder 27 –
47 Head Energy Consulting AS Builder 27 –
48 Publicis Communications Norway AS Builder 23 –
49 Scanship AS Builder 20 –
50 Rystad Energy AS Builder 20 –

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

  • Vestas Norway AS

    From 2022 to 2023: the operating margin fell from 8.8% to 1.3% and revenue grew by 37%.

    −5

Top lists in the sector · 2023 · Morning class Large

The five largest companies account for 36% of the sector's revenue. Combined profit before tax for the 52 ranked companies: 10,946 MNOK.

Size

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

Highest revenue

  1. Dnv AS 11,931 MNOK
  2. Autostore AS 6,718 MNOK
  3. Norconsult Norge AS 6,215 MNOK
  4. Multiconsult Norge AS 4,371 MNOK
  5. PGS Geophysical ASsubsidiary of TGS ASA 4,319 MNOK

Operating revenue.

Most employees

  1. Norconsult Norge AS 4,418
  2. Multiconsult Norge AS 2,884
  3. Dnv AS 2,342
  4. Sweco Norge AS 2,256
  5. SINTEF AS 1,509

Employees according to the Central Coordinating Register.

Highest revenue per employee

  1. Shearwater Geoservices Norway AS 35.8 MNOK
  2. TGS ASA 27.4 MNOK
  3. CGG SERVICES (NORWAY) AS 23.9 MNOK
  4. Omd AS 19.6 MNOK
  5. PGS Geophysical ASsubsidiary of TGS ASA 19.2 MNOK

Only companies with at least 5 employees.

Profit and balance

Who earns the most, who loses the most, and who has the strongest balance sheet.

Highest operating margin

  1. Navico Holding AS 100.0%
  2. Element Logic AS 29.3%
  3. Syncrolift AS 25.8%
  4. Fugro Norway AS 22.6%
  5. TGS ASA 22.1%

Operating result divided by operating revenue.

Largest profit

  1. Navico Holding AS 3,512 MNOK
  2. Dnv AS 2,338 MNOK
  3. Norconsult Norge AS 652 MNOK
  4. PGS Geophysical ASsubsidiary of TGS ASA 499 MNOK
  5. Autostore AS 431 MNOK

Profit before tax.

Largest loss

  1. Slb Capturi Norway AS −208 MNOK
  2. Scanship AS −95 MNOK
  3. TGS ASA −30 MNOK
  4. Wsp Norge AS −29 MNOK
  5. Afry Norway AS −25 MNOK

Profit before tax, the largest negative.

Most solid

  1. Navico Holding AS 85.9%
  2. Dnv AS 71.9%
  3. Norges Sjømatråd AS 68.3%
  4. Letsea AS 52.1%
  5. Asplan Viak AS 49.3%

Equity ratio: equity divided by total assets.

Growth and movement

Who grows and falls the most in revenue, and who has climbed or fallen the most on the index since the year before.

Fastest growth

  1. Anicura AS +1,710.6%
  2. Vestas Norway AS +36.7%

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

Largest revenue decline

No company meets the requirement this year.

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

Biggest climbers

Requires an index for two financial years.

Change in index points from the year before.

Biggest fallers

  1. Vestas Norway AS −5.4 points

Change in index points from the year before.

The lists cover ranked companies in the class: operating companies with at least NOK 1m in revenue, without holding companies and excluded ones. Size lists (revenue, profit, employees) count each group once. Source: Brønnøysund Register Centre. Amounts in other currencies are converted at Norges Bank's rates.

Quadrant analysis

Positions in the sector · 2023 · 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.

Dnv AS: 47 / 98Autostore AS: 48 / 35Norconsult Norge AS: 75 / 69Multiconsult Norge AS: 75 / 63PGS Geophysical AS: 66 / 90Siemens Energy AS: 47 / 18Sweco Norge AS: 74 / 67Dentsu Norge AS: 27 / 27Navico Holding AS: 100 / 100Shearwater Geoservices Norway AS: 83 / 45SINTEF AS: 27 / 49Cowi AS: 68 / 41Siemens AS: 69 / 24Rambøll Norge AS: 54 / 61Reach Subsea AS: 89 / 65Asplan Viak AS: 44 / 92TGS ASA: 60 / 31Slb Capturi Norway AS: 0 / 43CGG SERVICES (NORWAY) AS: 76 / 37Publicis Communications Norway AS: 37 / 6Siemens Mobility AS: 75 / 22Fugro Norway AS: 96 / 57Omd AS: 31 / 73Norce Research AS: 22 / 29Afry Norway Advisory AS: 81 / 47Wsp Norge AS: 3 / 59Afry Norway AS: 7 / 55Head Energy Consulting AS: 45 / 0Ikm Consultants AS: 39 / 4Techouse AS: 73 / 84Dnv Business Assurance Norway AS: 73 / 51SINTEF Ocean AS: 21 / 88Anicura AS: 16 / 86Rystad Energy AS: 16 / 16Vestas Norway AS: 27 / 12Goodtech AS: 56 / 25Metier AS: 40 / 76Hrp AS: 45 / 71Element Logic AS: 89 / 2Nofima AS: 16 / 75SINTEF Energi AS: 40 / 82Scanship AS: 6 / 14Norges Sjømatråd AS: 19 / 96AF Energi AS: 73 / 53Letsea AS: 54 / 94Mediabrands AS: 9 / 39Bauer Media Outdoor Norge AS: 67 / 78Odfjell Engineering AS: 91 / 10Seaonics AS: 22 / 33Syncrolift AS: 95 / 80Wpp Media Norway AS: 7 / 8Snøhetta Oslo AS: 81 / 2000252550507575100100Solidity, percentile against peers →↑ Profitability, percentile against peers

Bubble size shows relative revenue, not exact figures. Dashed lines show where the 1 companies that moved most stood in 2022 (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 2022 (profitability / solidity)
Navico Holding ASLion100100–
Fugro Norway ASLion9657–
Syncrolift ASLion9580–
Odfjell Engineering ASCheetah9110–
Reach Subsea ASLion8965–
Element Logic ASCheetah892–
Shearwater Geoservices Norway ASCheetah8345–
Afry Norway Advisory ASCheetah8147–
Snøhetta Oslo ASCheetah8120–
CGG SERVICES (NORWAY) ASCheetah7637–
Multiconsult Norge ASLion7563–
Siemens Mobility ASCheetah7522–
Norconsult Norge ASLion7569–
Sweco Norge ASLion7467–
AF Energi ASLion7353–
Techouse ASLion7384–
Dnv Business Assurance Norway ASLion7351–
Siemens ASCheetah6924–
Cowi ASCheetah6841–
Bauer Media Outdoor Norge ASLion6778–
PGS Geophysical ASLion6690–
TGS ASACheetah6031–
Goodtech ASCheetah5625–
Letsea ASLion5494–
Rambøll Norge ASLion5461–
Autostore ASBeaver4835–
Dnv ASElephant4798–
Siemens Energy ASBeaver4718–
Hrp ASElephant4571–
Head Energy Consulting ASBeaver450–
Asplan Viak ASElephant4492–
Metier ASElephant4076–
SINTEF Energi ASElephant4082–
Ikm Consultants ASBeaver394–
Publicis Communications Norway ASBeaver376–
Omd ASElephant3173–
SINTEF ASBeaver2749–
Dentsu Norge ASBeaver2727–
Vestas Norway ASBeaver271253 / 8
Norce Research ASBeaver2229–
Seaonics ASBeaver2233–
SINTEF Ocean ASElephant2188–
Norges Sjømatråd ASElephant1996–
Anicura ASElephant1686–
Rystad Energy ASBeaver1616–
Nofima ASElephant1675–
Mediabrands ASBeaver939–
Afry Norway ASElephant755–
Wpp Media Norway ASBeaver78–
Scanship ASBeaver614–
The sector in numbers

Summary · fiscal year 2023 · Morning class Large

The sector's median operating margin is 4.2%. 0 of 52 companies have negative equity. The median equity ratio is 24.0%.

Companies with accounts52
Total revenue93,713 MNOK
Median operating margin4.2%
Median equity ratio24.0%
Share with a loss15%
Share with negative equity0%

All figures are for fiscal year 2023. Ranked: 52 operating companies. Holding companies, excluded companies and companies without enough data are shown but not ranked. How to read the index

  • 4 companies report in another currency. Their revenue is converted at the mean rate for the accounting period and makes up 9% of the total.

Climbers and fallers · Morning class Large

Change in rank from 2022 to 2023, for 1 companies ranked in both years.

Climbers

None.

Fallers

  1. 42Vestas Norway ASfrom rank 1 to 4329

Awards · 2023 · Morning class Large

Most profitableNavico Holding AS100.0%
Fastest growthAnicura AS1,710.6%
Strongest balance sheetNavico Holding AS85.9%
Largest revenueDnv AS11,931 MNOK
Highest revenue per employeeShearwater Geoservices Norway AS35.8 MNOK

Needs attention · 2023 · Morning class Large

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

Sector map · 2023 · 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%5%10%15%20%0%10%20%30%40%50%Operating margin (profitability) →Equity ratio (solidity) →Dnv AS: operating margin 3.5%, equity ratio 71.9%, rank 25Autostore AS: operating margin 2.7%, equity ratio 18.0%, rank 29Norconsult Norge AS: operating margin 7.7%, equity ratio 30.2%, rank 11Multiconsult Norge AS: operating margin 9.0%, equity ratio 28.2%, rank 8PGS Geophysical AS: operating margin 8.1%, equity ratio 48.0%, rank 7Siemens Energy AS: operating margin 3.7%, equity ratio 10.4%, rank 41Sweco Norge AS: operating margin 9.0%, equity ratio 29.7%, rank 15Dentsu Norge AS: operating margin 0.1%, equity ratio 13.8%, rank 40Navico Holding AS: operating margin 100.0%, equity ratio 85.9%, rank 1Shearwater Geoservices Norway AS: operating margin 8.4%, equity ratio 20.9%, rank 23SINTEF AS: operating margin 1.9%, equity ratio 23.9%, rank 32Cowi AS: operating margin 6.7%, equity ratio 20.1%, rank 22Siemens AS: operating margin 7.1%, equity ratio 12.9%, rank 35Rambøll Norge AS: operating margin 5.2%, equity ratio 27.8%, rank 18Reach Subsea AS: operating margin 15.9%, equity ratio 28.9%, rank 17Asplan Viak AS: operating margin 3.7%, equity ratio 49.3%, rank 5TGS ASA: operating margin 22.1%, equity ratio 17.3%, rank 36Slb Capturi Norway AS: operating margin −13.7%, equity ratio 20.6%, rank 51CGG SERVICES (NORWAY) AS: operating margin 20.0%, equity ratio 18.0%, rank 30Publicis Communications Norway AS: operating margin 2.3%, equity ratio 7.3%, rank 48Siemens Mobility AS: operating margin 8.2%, equity ratio 11.7%, rank 27Fugro Norway AS: operating margin 22.6%, equity ratio 25.3%, rank 19Omd AS: operating margin 1.5%, equity ratio 36.2%, rank 16Norce Research AS: operating margin −2.2%, equity ratio 14.9%, rank 39Afry Norway Advisory AS: operating margin 8.3%, equity ratio 22.3%, rank 14Wsp Norge AS: operating margin −2.9%, equity ratio 26.3%, rank 42Afry Norway AS: operating margin −2.6%, equity ratio 24.8%, rank 38Head Energy Consulting AS: operating margin 2.7%, equity ratio 3.3%, rank 47Ikm Consultants AS: operating margin 2.3%, equity ratio 5.8%, rank 46Techouse AS: operating margin 4.9%, equity ratio 44.8%, rank 4Dnv Business Assurance Norway AS: operating margin 6.1%, equity ratio 24.0%, rank 31SINTEF Ocean AS: operating margin 0.3%, equity ratio 47.6%, rank 12Anicura AS: operating margin −0.5%, equity ratio 47.4%, rank 24Rystad Energy AS: operating margin −2.5%, equity ratio 9.8%, rank 50Vestas Norway AS: operating margin 1.3%, equity ratio 9.3%, rank 43Goodtech AS: operating margin 4.2%, equity ratio 13.2%, rank 37Metier AS: operating margin 3.6%, equity ratio 41.2%, rank 26Hrp AS: operating margin 4.1%, equity ratio 32.8%, rank 20Element Logic AS: operating margin 29.3%, equity ratio 5.6%, rank 34Nofima AS: operating margin −0.8%, equity ratio 39.8%, rank 21SINTEF Energi AS: operating margin 4.6%, equity ratio 44.0%, rank 10Scanship AS: operating margin −10.1%, equity ratio 9.8%, rank 49Norges Sjømatråd AS: operating margin −0.8%, equity ratio 68.3%, rank 9AF Energi AS: operating margin 6.8%, equity ratio 24.0%, rank 13Letsea AS: operating margin 4.3%, equity ratio 52.1%, rank 3Mediabrands AS: operating margin −2.0%, equity ratio 19.1%, rank 45Bauer Media Outdoor Norge AS: operating margin 5.9%, equity ratio 42.7%, rank 6Odfjell Engineering AS: operating margin 12.5%, equity ratio 8.8%, rank 33Seaonics AS: operating margin 1.6%, equity ratio 17.8%, rank 44Syncrolift AS: operating margin 25.8%, equity ratio 43.0%, rank 2Wpp Media Norway AS: operating margin −2.8%, equity ratio 7.7%, rank 52Snøhetta Oslo AS: operating margin 7.6%, equity ratio 11.2%, rank 28
Show the map's figures as a table
CompanyOperating marginEquity ratioRevenue
Navico Holding AS100.0%85.9%2,796 MNOK
Syncrolift AS25.8%43.0%514 MNOK
Letsea AS4.3%52.1%605 MNOK
Techouse AS4.9%44.8%824 MNOK
Asplan Viak AS3.7%49.3%1,840 MNOK
Bauer Media Outdoor Norge AS5.9%42.7%571 MNOK
PGS Geophysical AS8.1%48.0%4,319 MNOK
Multiconsult Norge AS9.0%28.2%4,371 MNOK
Norges Sjømatråd AS−0.8%68.3%640 MNOK
SINTEF Energi AS4.6%44.0%698 MNOK
Norconsult Norge AS7.7%30.2%6,215 MNOK
SINTEF Ocean AS0.3%47.6%805 MNOK
AF Energi AS6.8%24.0%607 MNOK
Afry Norway Advisory AS8.3%22.3%1,104 MNOK
Sweco Norge AS9.0%29.7%3,299 MNOK
Omd AS1.5%36.2%1,252 MNOK
Reach Subsea AS15.9%28.9%1,865 MNOK
Rambøll Norge AS5.2%27.8%1,978 MNOK
Fugro Norway AS22.6%25.3%1,268 MNOK
Hrp AS4.1%32.8%731 MNOK
Nofima AS−0.8%39.8%721 MNOK
Cowi AS6.7%20.1%2,462 MNOK
Shearwater Geoservices Norway AS8.4%20.9%2,793 MNOK
Anicura AS−0.5%47.4%801 MNOK
Dnv AS3.5%71.9%11,931 MNOK
Metier AS3.6%41.2%738 MNOK
Siemens Mobility AS8.2%11.7%1,281 MNOK
Snøhetta Oslo AS7.6%11.2%506 MNOK
Autostore AS2.7%18.0%6,718 MNOK
CGG SERVICES (NORWAY) AS20.0%18.0%1,603 MNOK
Dnv Business Assurance Norway AS6.1%24.0%820 MNOK
SINTEF AS1.9%23.9%2,610 MNOK
Odfjell Engineering AS12.5%8.8%558 MNOK
Element Logic AS29.3%5.6%722 MNOK
Siemens AS7.1%12.9%2,282 MNOK
TGS ASA22.1%17.3%1,697 MNOK
Goodtech AS4.2%13.2%741 MNOK
Afry Norway AS−2.6%24.8%876 MNOK
Norce Research AS−2.2%14.9%1,179 MNOK
Dentsu Norge AS0.1%13.8%3,002 MNOK
Siemens Energy AS3.7%10.4%3,814 MNOK
Wsp Norge AS−2.9%26.3%884 MNOK
Vestas Norway AS1.3%9.3%774 MNOK
Seaonics AS1.6%17.8%549 MNOK
Mediabrands AS−2.0%19.1%594 MNOK
Ikm Consultants AS2.3%5.8%832 MNOK
Head Energy Consulting AS2.7%3.3%838 MNOK
Publicis Communications Norway AS2.3%7.3%1,517 MNOK
Scanship AS−10.1%9.8%653 MNOK
Rystad Energy AS−2.5%9.8%784 MNOK
Slb Capturi Norway AS−13.7%20.6%1,620 MNOK
Wpp Media Norway AS−2.8%7.7%511 MNOK

Holding and investment companies · 2023

244 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: 69 have at least 10 MNOK in assets and are listed.

Holding and investment companies
RankCompanyScore Equity ratioReturn on assetsCurrent ratioTotal assets
1A-Lab Holding AS93 99.1%304.7% 32,646.0916 MNOK
2OERE INVEST & Consulting AS88 99.6%52.9% 264.7716 MNOK
3Tertit Invest AS82 97.7%81.2% 33.1130 MNOK
4Blå Holding AS81 98.5%60.1% 15.9319 MNOK
5Cfs Holding AS76 96.5%32.1% 914.9318 MNOK
6Holder Fast Invest AS76 99.5%19.3% 180.9536 MNOK
7Steinteig Invest AS76 96.5%40.7% –10 MNOK
8Camah Invest AS74 99.7%13.3% 121.5912 MNOK
9Sab Holding AS70 98.0%12.3% 358.4720 MNOK
10Snf Holding AS69 97.5%24.3% 26.4425 MNOK
11Freyja Invest AS69 90.5%59.5% 8.8017 MNOK
12Conceptum Invest AS68 99.9%7.2% 152.1516 MNOK
13OP Invest AS66 100.0%2.0% 1,020.752,298 MNOK
14Melby Investments AS64 99.7%3.8% 191.5032 MNOK
15Palander Holding AS64 100.0%3.8% –55 MNOK
16Hhg Holding AS63 100.0%0.1% 4,984.5816 MNOK
17Jaf Holding AS62 76.2%59.6% –11 MNOK
18Koj Invest AS62 99.7%8.4% 12.8737 MNOK
19Resman Holding 1 AS62 100.0%0.0% 3,963.99676 MNOK
20Finnøy Betong Holding AS61 84.4%49.3% 4.7745 MNOK
Show all 69
RankCompanyScoreTotal assets
21Basthe Invest AS6131 MNOK
22Visomi Holding AS6011 MNOK
23Karl Parmann Holding AS60102 MNOK
24Diwp Holding AS5991 MNOK
25Cosmos Invest AS5722 MNOK
26Pem Invest AS5721 MNOK
27Herbrandsen Invest AS5668 MNOK
28Knudstad Holding AS5625 MNOK
29Olje Invest AS5412 MNOK
30Structor Holding AS5311 MNOK
31Cap Nord Holding AS5226 MNOK
32Olav Olsen Holding AS5266 MNOK
33Insenti Holding AS52152 MNOK
34Mood Holding AS5020 MNOK
35Wal Holding AS4837 MNOK
36Arctic Well Invest AS4816 MNOK
37Core Group Holding AS4712 MNOK
38Devino Invest AS4613 MNOK
39Ids Invest AS46123 MNOK
40Opifex Holding AS4513 MNOK
41Morten Hillestad Holding AS4544 MNOK
42Grand Cru Holding AS4414 MNOK
43Halo Solar Holding AS4413 MNOK
44AH Holding AS4451 MNOK
45Vende Invest AS4315 MNOK
46Eisa Holding AS4312 MNOK
47R Holding AS41126 MNOK
48Statkraft Biofuel Holding II AS40131 MNOK
49Mal Invest AS3914 MNOK
50Montana Holding AS3822 MNOK
51BREKKE & Strand Holding AS3642 MNOK
52Well Cleanup Holding AS3637 MNOK
53S. Sunde Holding AS3612 MNOK
544Tau Holding AS3614 MNOK
55Ilm Invest AS3620 MNOK
56Intel Invest AS3514 MNOK
57Wallenius Wilhelmsen Solutions Holding AS337,248 MNOK
58PS Dale Holding AS3311 MNOK
59Wiwa Holding AS3115 MNOK
60Janfo Invest AS3073 MNOK
61Shearwater Geoservices Holding AS306,838 MNOK
62Telemark Technologies Holding AS3024 MNOK
63Wimp Invest AS2713 MNOK
64Hydrawell Holding AS24582 MNOK
65Rejlers Holding AS23234 MNOK
66Fire Security Holding AS2350 MNOK
67G. Greve Holding AS2031 MNOK
68Sl1 Holding AS16151 MNOK
69Saunders Holding AS1513 MNOK

Score 0–100 against the other holding companies in the sector: equity ratio 40 %, return on assets 40 % and current ratio 20 %. Methodology

Scenario analysis: the sector's weakest year

The sector's weakest year was 2021, with a median operating margin of −0.2%.

Based on the 8 fiscal years we have. The analysis grows as more years are fetched or imported.

Fiscal yearMedian operating marginMedian equity ratio
2019––
2020––
2021 · weakest year−0.2%4.0%
20224.6%35.8%
20235.8%38.6%
20246.0%38.2%
20255.5%38.6%
20266.8%35.7%

In 2021, 0 ranked companies did better than the sector, 1 about the same and 0 weaker.

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 crude oil (kr per fat)

Latest value: 1,069 (2026M09)

Export price of crude oil fell 17.6% in 2025; the sector's median operating margin fell 0.5 percentage points.

Export price of crude oil per year and the sector's median operating margin
Measure202120222023202420252026
Export price of crude oil, annual average609979877859708881 (so far)
Change from the year before+61.1%+60.8%−10.5%−2.0%−17.6%+24.5%
Sector's median operating margin−0.2%4.6%5.8%6.0%5.5%6.8%

Source: SSB (08799, CC BY 4.0). Source · fetched 2 November 2026

Policy rate (prosent)

Latest value: 4.50 (2026-10)

Policy rate fell 0.20 percentage points in 2025; the sector's median operating margin fell 0.5 percentage points.

Policy rate per year and the sector's median operating margin
Measure202120222023202420252026
Policy rate, annual average0.081.323.544.504.304.17 (so far)
Change from the year before−0.28 percentage points+1.24 percentage points+2.22 percentage points+0.96 percentage points−0.20 percentage points−0.12 percentage points
Sector's median operating margin−0.2%4.6%5.8%6.0%5.5%6.8%

Source: Norges Bank (IR, NLOD 2.0). Source · fetched 2 November 2026

EUR/NOK (kr)

Latest value: 10.59 (2026-10)

EUR/NOK rose 0.8% in 2025; the sector's median operating margin fell 0.5 percentage points.

EUR/NOK per year and the sector's median operating margin
Measure202120222023202420252026
EUR/NOK, annual average10.1610.1011.4211.6211.7211.04 (so far)
Change from the year before−5.2%−0.6%+13.1%+1.8%+0.8%−5.8%
Sector's median operating margin−0.2%4.6%5.8%6.0%5.5%6.8%

Source: Norges Bank (EXR, NLOD 2.0). Source · fetched 2 November 2026

When export price of crude oil fell in 2025, 1,257 of 2,511 ranked companies kept their operating margin at or above the year before. Among the largest: Dnv AS (2.5% → 3.9%), Norconsult Norge AS (5.3% → 8.8%), Siemens Energy AS (10.9% → 14.1%), PGS Geophysical AS (−25.2% → 0.1%), Sweco Norge AS (9.2% → 9.7%).

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
39,300
+1.8% from 2023
Persons employed
104,649
+0.9% from 2023
Turnover
NOK 270.1 bn
+6.7% from 2023
Gross operating margin
9.6%
Gross operating surplus divided by turnover

All enterprises, sole proprietorships included.

Bankruptcies in the industry

216 enterprise bankruptcies in the last four quarters (2025K4–2026K3). Change −17.9% against the four quarters before (263). That is about 5.5 per 1,000 enterprises.

612024K4852025K1652025K2522025K3612025K4502026K1512026K2542026K3

Foreign-controlled enterprises · 2024

Share of enterprises
2.6%
Share of persons employed
19.6%
Share of turnover
25.9%

SSB publishes this for groups of industries only. The figures are for the group “Faglig, vitenskapelig og teknisk tjenesteyting”.

Turnover index · Arkitekter og tekniske konsulenter

159.3 index, 2021 = 100, seasonally adjusted · 2026M08
−2.0% against 2025M08.

Monthly, 2023M08 to 2026M08.

Source: Statistics Norway (SSB), table 12910, table 10790, table 08085, table 13863. CC BY 4.0. Our industry codes (SN2025) are linked to SSB’s (SN2007) with SSB’s correspondence table in Klass.

Latest bankruptcies and liquidations

All bankruptcies and liquidations in the sector

Industry codes (NACE)

CodeDescription
71*Hele hovedgruppe 71
71.110Arkitektvirksomhet
71.121Byggeteknisk konsulentvirksomhet
71.122Geologiske undersøkelser
71.123Utarbeidelse av kart og oppmåling
71.129Annen teknisk konsulentvirksomhet
71.200Teknisk prøving og analyse
72*Hele hovedgruppe 72
72.100Forskning og eksperimentell utvikling innenfor naturvitenskap og teknikk
72.200Forskning og eksperimentell utvikling innenfor samfunnsvitenskap og humanistiske fag
73*Hele hovedgruppe 73
73.110Reklamebyråvirksomhet
73.120Medieformidlingstjenester
73.200Markeds- og opinionsundersøkelser
73.300Pr og kommunikasjonstjenester
74*Hele hovedgruppe 74
74.110Industri-, produkt- og motedesignvirksomhet
74.120Grafisk design og visuell kommunikasjonsdesign
74.130Interiørdesignvirksomhet
74.140Annen spesialisert designvirksomhet
74.200Fotografvirksomhet
74.300Oversettelses- og tolkevirksomhet
74.910Patentmeglervirksomhet og markedsføringstjenester
74.990All annen faglig, vitenskapelig og teknisk virksomhet ikke nevnt annet sted
75*Hele hovedgruppe 75
75.000Veterinærtjenester