NORMAL NORGE AS
Score · fiscal year 2024
68of 100
How to read this: the company is ahead of 86 % of large companies in the same sector in 2024. What does this mean?
Rank: 5,867 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 94 and solidity 50 out of 100 among large companies in the same sector in 2024. Methodology
Against the sector
NORMAL NORGE AS is 19 points above the median for large companies in the same sector in 2024.
Median score 49 among 342 companies.
Against large companies in the same sector in 2024: operating margin 8.9% (median 2.1%) and equity ratio 34.3% (median 33.5%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 4,084 MNOK | 2,084 MNOK |
| Operating margin | 8.9% | 2.1% |
| Profit margin | 8.7% | 2.0% |
| Return on assets | 36.5% | 8.4% |
| Equity ratio | 34.3% | 33.5% |
| Debt-to-equity | 1.91 | 1.92 |
| Current ratio | 0.98 | 1.23 |
| Revenue growth | 25.6% | 4.5% |
| Revenue per employee | 1.42 MNOK | 14.18 MNOK |
The median and “ahead of” refer to large companies in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
With an index of 68, NORMAL NORGE AS does better than 86% of large companies in the same sector (342 companies) in 2024.
Score 2023–2025
- NORMAL NORGE AS
- Median: large companies in the same sector
What the numbers say
NORMAL NORGE AS had an operating margin of 8.9% and an equity ratio of 34.3% in 2024, and ranks 5,867 of 37,175 in Handel.
From 2023 to 2024: revenue grew by 26% and the equity ratio rose from 26.6% to 34.3%.
This text is generated automatically from the 2024 accounts.
Three simple methods
The methods give between 346 MNOK and 2,937 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 2,771 MNOK |
| EV/EBIT | 8.0 | 2,937 MNOK |
| P/B | 1.0 | 346 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
- watch
Consider strengthening liquidity: current liabilities are 1.0 times current assets.
Based on: Current ratio 0.98 (median 1.23).
- watch
Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have?
Based on: Revenue growth 25.6% (median 4.5%); Current ratio 0.98 (median 1.23).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 1.8% 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 | 94 | weight 30% |
|---|---|---|
| Solidity | 50 | weight 25% |
| Liquidity | 20 | weight 15% |
| Growth | 87 | weight 15% |
| Consistency | 75 | weight 15% |
Durability: 63 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is NORMAL NORGE AS?
The operating margin was 8.9% in 2024, against a median of 2.1% among large companies in the same sector. Return on assets was 36.5%.
How solid is NORMAL NORGE AS?
The equity ratio was 34.3% in 2024 (median 33.5%). Debt-to-equity was 1.91 (median 1.92).
What is the liquidity of NORMAL NORGE AS like?
The current ratio was 0.98 in 2024 (median 1.23). Current assets did not cover current liabilities.
How does NORMAL NORGE AS compare in Handel?
NORMAL NORGE AS ranks 5,867 of 37,175 in Handel for 2024. Among companies of the same size (large companies) it ranks 50 of 342. Revenue changed by 25.6% from the year before.
From the Central Coordinating Register
- Org. no.
- 917019738
- Legal form
- AS
- Sector
- Handel (47.750)
- Size tier
- large
- Employees
- 2,878 registered 10 October 2026
- Founded
- 10 March 2016 10 years in operation
- Share capital
- 7.20 MNOK
- Business address
- Barstølveien 30, 4636 KRISTIANSAND S
- Municipality
- Kristiansand rank 2–6 of 11 in KOSTRA group 12
- Latest accounts filed
- 2025
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
- Thomas Harsvik
- Chair of the board
- Jakob Frølich Maarbjerg
- Board member
- Steen Overholdt Hansen
- Board member
- Torben Østergaard Mouritsen
- Board member
- Liselotte Kirkelund Nielsen
- Board member
- Susanne Hounsgaard
- Board member
- Petter Lange Brevik
- Auditor
- ERNST & YOUNG AS
Source: Central Coordinating Register, fetched 29 October 2026. Only names are shown.
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 | 59 | 68 | 65 | |
| Rank | 12,119 | 5,867 | 7,775 | |
| Operating margin | 10.6% | 8.9% | 9.0% | |
| Return on assets | 42.9% | 36.5% | 36.3% | |
| Equity ratio | 26.6% | 34.3% | 31.7% | |
| Current ratio | 0.87 | 0.98 | 1.05 | |
| Revenue growth | – | 25.6% | 17.4% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 3,252.6 MNOK | 4,084.1 MNOK | 4,794.6 MNOK |
| Operating profit | 346.2 MNOK | 363.5 MNOK | 430.8 MNOK |
| Profit before tax | 344.1 MNOK | 355.4 MNOK | 428.7 MNOK |
| Net profit | 268.4 MNOK | 277.1 MNOK | 334.4 MNOK |
| Financial expenses | 8.8 MNOK | 12.2 MNOK | 6.9 MNOK |
| Total assets | 822.2 MNOK | 1,006.5 MNOK | 1,199.1 MNOK |
| Current assets | 522.3 MNOK | 647.9 MNOK | 860.0 MNOK |
| Equity | 218.5 MNOK | 345.6 MNOK | 380.0 MNOK |
| Retained earnings | 188.5 MNOK | 315.6 MNOK | 350.0 MNOK |
| Total liabilities | 603.7 MNOK | 660.9 MNOK | 819.1 MNOK |
| Current liabilities | 599.2 MNOK | 659.1 MNOK | 819.1 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 5441917.
Further
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