FUNCTION AS
Score · fiscal year 2023
58of 100
How to read this: the company is ahead of 63 % of companies in the Morning class Medium in the same sector in 2023. What does this mean?
Rank in the Morning class Medium: 1,227 of 3,284 · What are Morning company classes?
Place in the whole sector: 7,971 of 21,201 · Handel
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2023, not a verdict on the company. Based on profitability 58 and solidity 50 out of 100 among companies in the Morning class Medium in the same sector in 2023. Methodology
Against the sector
FUNCTION AS is 8 points above the median for companies in the Morning class Medium in the same sector in 2023.
Median score 50 among 3,284 companies.
Against companies in the Morning class Medium in the same sector in 2023: operating margin 5.8% (median 2.9%) and equity ratio 29.8% (median 29.5%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 413 MNOK | 91 MNOK |
| Operating margin | 5.8% | 2.9% |
| Profit margin | 5.0% | 2.7% |
| Return on assets | 9.7% | 11.6% |
| Equity ratio | 29.8% | 29.5% |
| Debt-to-equity | 2.35 | 2.32 |
| Current ratio | 1.72 | 1.39 |
| Revenue growth | – | 5.2% |
| Revenue per employee | 4.05 MNOK | 4.75 MNOK |
The median and “ahead of” refer to companies in the Morning class Medium in the same sector in 2023. The bar shows the share of companies the figure is ahead of.
With an index of 58, FUNCTION AS does better than 63% of companies in the Morning class Medium in the same sector (3,284 companies) in 2023.
Score 2023–2025
- FUNCTION AS
- Median: companies in the Morning class Medium in the same sector
What the numbers say
FUNCTION AS had an operating margin of 5.8% and an equity ratio of 29.8% in 2023, and ranks 7,971 of 21,201 in Handel.
This text is generated automatically from the 2023 accounts.
Three simple methods
The methods give between 97 MNOK and 147 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 147 MNOK |
| EV/EBIT | 8.0 | 100 MNOK |
| P/B | 1.0 | 97 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 4.8% of the debt in 2023. The policy rate averaged 3.54 % the same year. This is a plain description of what the debt cost, not a model of interest sensitivity.
See interest rates, prices and exchange rates for the sector
Data quality
No anomalies found in the figures.
Scenario analysis: the sector's weakest year
We have no accounts for 2022, the sector's weakest year, for this company.
The sector's weakest year was 2022, with a median operating margin of 1.5%. 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 | 58 | weight 30% |
|---|---|---|
| Solidity | 50 | weight 25% |
| Liquidity | 67 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 61 | weight 15% |
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is FUNCTION AS?
The operating margin was 5.8% in 2023, against a median of 2.9% among companies in the Morning class Medium in the same sector. Return on assets was 9.7%.
How solid is FUNCTION AS?
The equity ratio was 29.8% in 2023 (median 29.5%). Debt-to-equity was 2.35 (median 2.32).
What is the liquidity of FUNCTION AS like?
The current ratio was 1.72 in 2023 (median 1.39).
How does FUNCTION AS compare in Handel?
FUNCTION AS ranks 7,971 of 21,201 in Handel for 2023. Among companies in the Morning class Medium it is number 1,227 of 3,284.
Public contracts
- Contracts awarded since 2024
- 1
- Total awarded value since 2024
- value not stated
- Framework agreements
- 1
- Left out of the total: the value is a ceiling, not actual spend.
| Date | Buyer | Notice | Value |
|---|---|---|---|
| 27 August 2026 | Oslo kommune v/ Bymiljøetaten | 129-BYM-2025 Rammeavtale for utendørs belysnings armaturer og hardware for styringssystemer | 65.0 MNOK (framework) |
Based on notices in Doffin. Does not show call-offs under framework agreements or purchases below the publication threshold. Values are as stated by the buyer.
Source: Doffin (DFØ), fetched 27 October 2026. Winners are matched on organisation number.
Contains data under the Norwegian licence for public data (NLOD 2.0) made available by Doffin/the Norwegian Agency for Public and Financial Management (DFØ). NLOD 2.0
From the Central Coordinating Register
- Org. no.
- 919327901
- Legal form
- AS
- Sector
- Handel (46.640)
- Morning company class
- Medium
- Employees
- 102 registered 10 September 2026
- Founded
- 26 August 1969 57 years in operation
- Share capital
- 6.00 MNOK
- Business address
- Jørgen Kanitz' gate 28, 1337 SANDVIKA (BÆRUM)
- Municipality
- Bærum rank 1 of 11 in KOSTRA group 12
- Latest accounts filed
- 2025
- Website
- www.function.no
- LEI
- 5493000F3S1VTB34ZJ20 renews 18 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
- Kjetil Kaldestad
- Chair of the board
- Kjetil Kaldestad
- Board member
- Andreas Prøven Bogsrud
- Auditor
- PRICEWATERHOUSECOOPERS AS
Source: Central Coordinating Register, fetched 29 October 2026. Only names are shown.
- Parent company
- Parent not reported
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 29 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 | 58 | 42 | 20 | |
| Rank | 7,971 | 14,570 | 21,127 | |
| Operating margin | 5.8% | 1.4% | −2.9% | |
| Return on assets | 9.7% | 4.4% | 3.5% | |
| Equity ratio | 29.8% | 22.3% | 19.1% | |
| Current ratio | 1.72 | 1.11 | 1.04 | |
| Revenue growth | – | 26.3% | 0.0% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 412.9 MNOK | 521.3 MNOK | 521.5 MNOK |
| Operating profit | 24.1 MNOK | 7.1 MNOK | −14.9 MNOK |
| Profit before tax | 20.6 MNOK | 2.6 MNOK | −19.5 MNOK |
| Net profit | 14.7 MNOK | 2.2 MNOK | −20.2 MNOK |
| Financial expenses | 11.1 MNOK | 16.4 MNOK | 33.7 MNOK |
| Total assets | 325.3 MNOK | 430.9 MNOK | 406.0 MNOK |
| Current assets | 168.7 MNOK | 227.4 MNOK | 206.0 MNOK |
| Equity | 97.0 MNOK | 96.0 MNOK | 77.6 MNOK |
| Retained earnings | 91.0 MNOK | 90.0 MNOK | 71.6 MNOK |
| Total liabilities | 228.3 MNOK | 334.9 MNOK | 328.4 MNOK |
| Current liabilities | 98.3 MNOK | 204.4 MNOK | 198.0 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 4979731.
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