Sector

Transport og lagring

6 companies ranked against comparable companies in four Morning company classes. Fiscal year 2026. Source: Brønnøysund Register Centre. Methodology

Morning company class

Morning company classes are our own division by revenue, not an official standard: Micro NOK 1m–10 MNOK, Small 10 MNOK–50 MNOK, Medium 50 MNOK–500 MNOK, Large from 500 MNOK. Companies are ranked only against others in the same class, and every figure below is for the class you have chosen. What are Morning company classes?

Ranking · 2026 · Morning class Large

Too few companies in this class (5, at least 10 needed) for a ranking of its own. They are compared with the whole sector.

Morning class Large · 2026
#	Company	Profile	Score	Change
1	AIMO PARK NORWAY AS	Leader	74	+5
2	FREJA TRANSPORT & LOGISTICS AS	Leader	67	+17
3	INTEGRA LEASING AS	Steward	65	+22
4	CHC HELIKOPTER SERVICE AS	Builder	27	−27
5	NOBINA AS	Builder	12	−9

Download as CSV (opens in Excel)

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

CHC HELIKOPTER SERVICE AS
From 2025 to 2026: went from a profit to a loss before tax and the operating margin fell from 1.8% to −6.6%.
−27
INTEGRA LEASING AS
From 2025 to 2026: the equity ratio rose from 41.4% to 66.8%.
+22
FREJA TRANSPORT & LOGISTICS AS
No large changes in the key figures from 2025 to 2026.
+17
NOBINA AS
From 2025 to 2026: the equity ratio fell from 17.2% to −6.0%.
−9

Top lists in the sector · 2026 · Morning class Large

Combined profit before tax for the 5 ranked companies: −294 MNOK.

Highest revenue

CHC HELIKOPTER SERVICE AS 2,415 MNOK
NOBINA AS 1,620 MNOK
AIMO PARK NORWAY AS 978 MNOK
FREJA TRANSPORT & LOGISTICS AS 953 MNOK
INTEGRA LEASING AS 529 MNOK

Operating revenue.

Highest operating margin

Operating result divided by operating revenue.

Largest profit

AIMO PARK NORWAY AS 43 MNOK
FREJA TRANSPORT & LOGISTICS AS 41 MNOK

Profit before tax.

Largest loss

CHC HELIKOPTER SERVICE AS −215 MNOK
NOBINA AS −140 MNOK
INTEGRA LEASING AS −22 MNOK

Profit before tax, the largest negative.

Most solid

INTEGRA LEASING AS 66.8%
FREJA TRANSPORT & LOGISTICS AS 21.1%
AIMO PARK NORWAY AS 20.3%
CHC HELIKOPTER SERVICE AS 9.6%
NOBINA AS −6.0%

Equity ratio: equity divided by total assets.

Fastest growth

AIMO PARK NORWAY AS +8.8%
FREJA TRANSPORT & LOGISTICS AS +2.3%

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

Largest revenue decline

CHC HELIKOPTER SERVICE AS −4.1%
INTEGRA LEASING AS −3.1%
NOBINA AS −1.1%

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

Biggest climbers

INTEGRA LEASING AS +22.6 points
FREJA TRANSPORT & LOGISTICS AS +17.0 points
AIMO PARK NORWAY AS +5.2 points

Change in index points from the year before.

Biggest fallers

CHC HELIKOPTER SERVICE AS −26.3 points
NOBINA AS −9.9 points

Change in index points from the year before.

Most employees

Employees according to the Central Coordinating Register.

Highest revenue per employee

AIMO PARK NORWAY AS 6.9 MNOK
CHC HELIKOPTER SERVICE AS 6.2 MNOK
FREJA TRANSPORT & LOGISTICS AS 4.7 MNOK
NOBINA AS 1.3 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 · 2026 · 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 2025 (small ring).

CHC HELIKOPTER SERVICE AS profitability 39 → 20, solidity 55 → 10
FREJA TRANSPORT & LOGISTICS AS profitability 72 → 70, solidity 36 → 78
NOBINA AS profitability 3 → 0, solidity 37 → 0
INTEGRA LEASING AS profitability 10 → 40, solidity 83 → 100
AIMO PARK NORWAY AS profitability 75 → 90, solidity 65 → 55

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

Company	Profile	Profitability	Solidity	In 2025 (profitability / solidity)
AIMO PARK NORWAY AS	Lion	90	55	75 / 65
FREJA TRANSPORT & LOGISTICS AS	Lion	70	78	72 / 36
INTEGRA LEASING AS	Elephant	40	100	10 / 83
CHC HELIKOPTER SERVICE AS	Beaver	20	10	39 / 55
NOBINA AS	Beaver	0	0	3 / 37

The sector in numbers

Summary · fiscal year 2026 · Morning class Large

The sector's median operating margin is −3.6%. 1 of 5 companies have negative equity. The median equity ratio is 20.3%.

Companies with accounts5

Total revenue6,495 MNOK

Median operating margin−3.6%

Median equity ratio20.3%

Share with a loss60%

Share with negative equity20%

All figures are for fiscal year 2026. Ranked: 5 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 Large

Change in rank from 2025 to 2026, for 5 companies ranked in both years.

Climbers

63NOBINA ASfrom rank 68 to 512
47INTEGRA LEASING ASfrom rank 50 to 365
37FREJA TRANSPORT & LOGISTICS ASfrom rank 39 to 267
29CHC HELIKOPTER SERVICE ASfrom rank 33 to 427
9AIMO PARK NORWAY ASfrom rank 10 to 174

Fallers

None.

Awards · 2026 · Morning class Large

Most profitableAIMO PARK NORWAY AS4.1%

Fastest growthAIMO PARK NORWAY AS8.8%

Strongest balance sheetINTEGRA LEASING AS66.8%

Largest revenueCHC HELIKOPTER SERVICE AS2,415 MNOK

Highest revenue per employeeAIMO PARK NORWAY AS6.9 MNOK

Needs attention · 2026 · Morning class Large

4 companies show at least one warning sign. Showing the 4 most important.

criticalNOBINA ASNegative equity · Current ratio below 1 (0.67) · Loss before tax
watchCHC HELIKOPTER SERVICE ASVery low equity ratio (9.6%) · Loss before tax
watchFREJA TRANSPORT & LOGISTICS ASCurrent ratio below 1 (0.82)
watchINTEGRA LEASING ASLoss before tax

Sector map · 2026 · 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
AIMO PARK NORWAY AS	4.1%	20.3%	978 MNOK
FREJA TRANSPORT & LOGISTICS AS	4.1%	21.1%	953 MNOK
INTEGRA LEASING AS	−3.6%	66.8%	529 MNOK
CHC HELIKOPTER SERVICE AS	−6.6%	9.6%	2,415 MNOK
NOBINA AS	−7.6%	−6.0%	1,620 MNOK

Scenario analysis: the sector's weakest year

The sector's weakest year was 2026, 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 year	Median operating margin	Median equity ratio
2019	–	–
2020	–	–
2021	–	–
2022	5.5%	17.7%
2023	4.3%	32.9%
2024	4.2%	32.2%
2025	4.0%	31.4%
2026 · weakest year	0.2%	19.3%

In 2026, 3 ranked companies did better than the sector, 0 about the same and 3 weaker.

Held up best in 2026

1CIRCLE K TRANSPORT ASequity ratio 18.4%4.7%
2AIMO PARK NORWAY ASequity ratio 20.3%4.1%
3FREJA TRANSPORT & LOGISTICS ASequity ratio 21.1%4.1%

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

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: 20,701; −0.1% from 2023
Persons employed: 128,218; +0.2% from 2023
Turnover: NOK 335.7 bn; +7.9% from 2023
Gross operating margin: 7.7%; Gross operating surplus divided by turnover

All enterprises, sole proprietorships included.

Bankruptcies in the industry

175 enterprise bankruptcies in the last four quarters (2025K4–2026K3). Change −3.3% against the four quarters before (181). That is about 8.5 per 1,000 enterprises.

Foreign-controlled enterprises · 2024

Share of enterprises: 2.3%
Share of persons employed: 19.9%
Share of turnover: 24.5%

SSB publishes this for groups of industries only. The figures are for the group “Transport og lagring”.

Source: Statistics Norway (SSB), table 12910, table 10790, table 08085. 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

ALPHA TRANSPORT & IMPORT AS 917482772 Voluntary liquidation · 31 October 2026 · 1 MNOK (2025)
EGSTAD TRANSPORT AS 815523962 Voluntary liquidation · 31 October 2026 · 1 MNOK (2025)
LIBERTY SHIPPING AS 989039350 Voluntary liquidation · 31 October 2026
SAGA AVIATION AS 923801790 Voluntary liquidation · 31 October 2026
SYLA BIL AS 918602216 Voluntary liquidation · 31 October 2026
AD-FRAKT AS 996557677 Voluntary liquidation · 30 October 2026 · 1 MNOK (2025)
EQUINOX INVEST AS 913130235 Voluntary liquidation · 30 October 2026
GORICH AS 830225382 Bankruptcy · 30 October 2026 · 0 MNOK (2025)

All bankruptcies and liquidations in the sector

Industry codes (NACE)

Code	Description
49*	Hele hovedgruppe 49
49.110	Passasjertransport med jernbane
49.120	Passasjertransport med sporvei
49.200	Godstransport med jernbane
49.310	Passasjertransport med rutebil
49.320	Passasjertransport utenom rutetabell
49.330	Passasjertransport på forespørsel utført av fører med kjøretøy
49.340	Passasjertransport med kabelbaner og skiheiser
49.390	Annen landtransport med passasjerer ikke nevnt annet sted
49.410	Godstransport på vei
49.420	Flyttetransport
51*	Hele hovedgruppe 51
51.100	Lufttransport med passasjerer
51.210	Lufttransport med gods
51.220	Romfart
52*	Hele hovedgruppe 52
52.100	Lagring
52.211	Drift av gods- og transportsentraler
52.212	Drift av parkeringsplasser og parkeringshus
52.219	Tjenester tilknyttet landtransport ikke nevnt annet sted
52.220	Andre tjenester tilknyttet sjøtransport
52.230	Andre tjenester tilknyttet lufttransport
52.240	Lasting og lossing
52.250	Logistikktjenester
52.260	Andre støttetjenester for transport
52.311	Formidlingstjenester tilknyttet godstransport via skip
52.312	Formidlingstjenester tilknyttet godstransport via jernbane, luftfartøy eller på vei
52.320	Formidlingstjenester tilknyttet passasjertransport
53*	Hele hovedgruppe 53
53.100	Landsdekkende posttjenester
53.200	Andre post- og budtjenester
53.300	Formidlingstjenester tilknyttet post- og budtjenester