RELY AS
Score · fiscal year 2024
58of 100
How to read this: the company is ahead of 67 % of companies in the Morning class Small in the same sector in 2024. What does this mean?
Rank in the Morning class Small: 11,556 of 34,889 · What are Morning company classes?
Place in the whole sector: 12,339 of 37,175 · Handel
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 54 and solidity 76 out of 100 among companies in the Morning class Small in the same sector in 2024. Methodology
Against the sector
RELY AS is 8 points above the median for companies in the Morning class Small in the same sector in 2024.
Median score 50 among 34,772 companies.
Against companies in the Morning class Small in the same sector in 2024: operating margin 2.6% (median 2.2%) and equity ratio 76.6% (median 38.3%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 33 MNOK | 4 MNOK |
| Operating margin | 2.6% | 2.2% |
| Profit margin | 3.0% | 2.0% |
| Return on assets | 5.7% | 3.7% |
| Equity ratio | 76.6% | 38.3% |
| Debt-to-equity | 0.30 | 0.97 |
| Current ratio | 4.09 | 1.68 |
| Revenue growth | −29.1% | 2.2% |
| Revenue per employee | 5.45 MNOK | 1.57 MNOK |
The median and “ahead of” refer to companies in the Morning class Small in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
With an index of 58, RELY AS does better than 67% of companies in the Morning class Small in the same sector (34,889 companies) in 2024.
Score 2023–2025
- RELY AS
- Median: companies in the Morning class Small in the same sector
What the numbers say
RELY AS had an operating margin of 2.6% and an equity ratio of 76.6% in 2024, and ranks 12,339 of 37,175 in Handel.
From 2023 to 2024: revenue fell by 29%.
This text is generated automatically from the 2024 accounts.
Three simple methods
The methods give between 5 MNOK and 16 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 7 MNOK |
| EV/EBIT | 8.0 | 5 MNOK |
| P/B | 1.0 | 16 MNOK |
A mechanical estimate from public accounts, not advice. Mechanical estimate from public accounts with fixed multiples. Not a valuation and not advice to buy or sell. The multiples are provisional default values and must be adjusted per sector before the figures are used for anything. See the calculation
Worth a closer look
No rules were triggered for this year.
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 3.9% of the debt in 2024. The policy rate averaged 4.50 % the same year. This is a plain description of what the debt cost, not a model of interest sensitivity.
Data quality
No anomalies found in the figures.
Scenario analysis: the sector's weakest year
We have no accounts for 2017, the sector's weakest year, for this company.
The sector's weakest year was 2017, with a median operating margin of −65.6%. Based on the 11 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 54 | weight 30% |
|---|---|---|
| Solidity | 76 | weight 25% |
| Liquidity | 79 | weight 15% |
| Growth | 14 | weight 15% |
| Consistency | 63 | weight 15% |
Durability: 60 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is RELY AS?
The operating margin was 2.6% in 2024, against a median of 2.2% among companies in the Morning class Small in the same sector. Return on assets was 5.7%.
How solid is RELY AS?
The equity ratio was 76.6% in 2024 (median 38.3%). Debt-to-equity was 0.30 (median 0.97).
What is the liquidity of RELY AS like?
The current ratio was 4.09 in 2024 (median 1.68).
How does RELY AS compare in Handel?
RELY AS ranks 12,339 of 37,175 in Handel for 2024. Among companies in the Morning class Small it is number 11,556 of 34,889. Revenue changed by −29.1% from the year before.
Group accounts
The company is registered as part of a group, but we have no group accounts for it. Group accounts are filed by the parent company, and open data does not say which company that is.
Read the figures with care: a company in a group can look strong because of group contributions, or weak because dividends go up to the parent. The figures are indications, not the full picture.
We do not show the group structure, because open data does not say who owns whom.
From the Central Coordinating Register
- Org. no.
- 883505972
- Legal form
- AS · part of a group
- Sector
- Handel (46.390)
- Morning company class
- Small
- Employees
- 6 registered 10 September 2026
- Founded
- 1 June 2001 25 years in operation
- Share capital
- 0.20 MNOK
- Business address
- Værnes Flystasjon, 7500 STJØRDAL
- Municipality
- Stjørdal rank 11–20 of 27 in KOSTRA group 9
- Latest accounts filed
- 2025
- LEI
- 549300MPMG2FOZIHP510 renews 15 December 2026
Source: Central Coordinating Register, Brønnøysund Register Centre. The employee count is reported by the company and may be older than the accounts. See the company at the Brønnøysund Register Centre
Ownership and roles
- Chief executive
- Renate Syltern
- Chair of the board
- Odd Reitan
- Auditor
- PRICEWATERHOUSECOOPERS AS
Source: Central Coordinating Register, fetched 29 October 2026. Only names are shown.
- Parent company
- REITAN AS (Norway)
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 30 October 2026. The parent is the one the company itself reported to GLEIF.
Owners and shareholdings will appear here once the shareholder data extract is in place.
Coming · not built yet
Error in the data?
Do you see an error in the figures or in how the company is mapped (sector, holding, group)? Let us know. Corrections require documentation.
Figures last fetched 26 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 61 | 58 | 61 | |
| Rank | 10,891 | 12,339 | 10,662 | |
| Operating margin | 2.1% | 2.6% | 2.5% | |
| Return on assets | 5.5% | 5.7% | 5.3% | |
| Equity ratio | 74.2% | 76.6% | 63.5% | |
| Current ratio | 3.63 | 4.09 | 1.57 | |
| Revenue growth | – | −29.1% | 36.0% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 46.1 MNOK | 32.7 MNOK | 44.4 MNOK |
| Operating profit | 1.0 MNOK | 0.8 MNOK | 1.1 MNOK |
| Profit before tax | 1.2 MNOK | 1.0 MNOK | 1.1 MNOK |
| Net profit | 0.9 MNOK | 0.7 MNOK | 0.8 MNOK |
| Financial expenses | −0.1 MNOK | 0.2 MNOK | 0.3 MNOK |
| Total assets | 20.2 MNOK | 20.6 MNOK | 26.1 MNOK |
| Current assets | 10.8 MNOK | 12.2 MNOK | 12.7 MNOK |
| Equity | 15.0 MNOK | 15.8 MNOK | 16.6 MNOK |
| Retained earnings | 2.0 MNOK | 2.7 MNOK | 2.7 MNOK |
| Total liabilities | 5.2 MNOK | 4.8 MNOK | 9.5 MNOK |
| Current liabilities | 3.0 MNOK | 3.0 MNOK | 8.1 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 5927983.
Further
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