Logistics Partner AS
Not financial advice. The index, rank, signals and advice are rule-based indications from the latest filed annual accounts. They are not a credit rating, an assessment of management or a recommendation to buy, sell or do business with the company. Read more
Score · fiscal year 2025
74of 100
How to read this: the company is ahead of 91 % of companies in the Morning class Small in the same sector in 2025. What does this mean?
Rank in the Morning class Small: 121 of 1,392 · What are Morning company classes?
Place in the whole sector: 436 of 4,996 · Transport og lagring
Profile
Lion · Leader
High profitability, high resilience
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 92 and resilience 89 out of 100 among companies in the Morning class Small in the same sector in 2025. Methodology
Against the sector
Logistics Partner AS is 22 points above the median for companies in the Morning class Small in the same sector in 2025.
Median score 52 among 1,392 companies.
Against companies in the Morning class Small in the same sector in 2025: operating margin 22.0% (median 4.3%) and equity ratio 80.9% (median 34.3%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 23 MNOK | 20 MNOK |
| Operating margin | 22.0% | 4.3% |
| Profit margin | – | 3.9% |
| Return on assets | – | 9.7% |
| Equity ratio | 80.9% | 34.3% |
| Debt-to-equity | 0.24 | 1.59 |
| Current ratio | 5.96 | 1.45 |
| Revenue growth | −23.8% | 6.2% |
The median and “ahead of” refer to companies in the Morning class Small in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 74, Logistics Partner AS does better than 91% of companies in the Morning class Small in the same sector (1,392 companies) in 2025.
Score 2023–2025
- Logistics Partner AS
- Median: companies in the Morning class Small in the same sector
Working capital and debt
| Measure | Company | Median | |
|---|---|---|---|
| Working capital | |||
| Receivable days All current receivables, including those on group companies, in days of revenue. |
34 days | 49 days | |
| Inventory and other current assets, days Current assets other than receivables and bank deposits, that is inventory and short-term investments, in days of revenue. |
387 days | 0 days | |
| Net working capital to revenue Current assets less bank deposits less current liabilities, divided by revenue. Negative: short-term debt funds the operations. |
93.0% | −3.3% | |
| Cash share of current assets How much of the short-term buffer is bank deposits and cash. |
13.5% | 42.5% | |
| Debt and interest burden | |||
| Interest coverage (times) Operating result divided by all financial costs. Below 1: operations do not cover the cost of the debt. |
– | 5.3 | |
| Financial costs as a share of debt All financial costs (interest, currency losses and other) divided by all debt, interest-free debt included. Not an interest rate. |
– | 2.0% | |
| Long-term share of debt Long-term debt as a share of all debt. A low share means more falls due within a year. |
– | 23.4% | |
Net working capital (current assets less bank deposits less current liabilities): 21.6 MNOK.
The median and the bar refer to companies in the Morning class Small in the same sector in 2025. The bar shows the share of the group with a lower figure: higher is not always better, long receivable days tie up capital, for example. These figures do not count in the score.
Logistics Partner AS has a score of 74 for 2025, rank 436 of 4,996 in the sector.
Strongest: Liquidity: percentile 97 against peers, current ratio 5.96 against a median of 1.45. Solidity: percentile 95 against peers, equity ratio 80.9% against a median of 34.3%.
Weakest: Growth: percentile 25 against peers, revenue growth −23.8% against a median of 6.2%.
Worth a closer look
- What lies behind weak growth, and will it last?
- The change in operating margin in 2025 was 0.6 percentage points weaker than for comparable companies: the company −0.9, the industry −0.3 points. That is the company's own, not something that hit the whole industry.
Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made
The industry or the company: what drove the result?
In 2025 the operating margin of Logistics Partner AS fell by 0.9 percentage points. Comparable companies fell by a median 0.3 points. So the company did 0.6 points weaker than the industry, for reasons of its own.
Over 2 year-to-year changes Logistics Partner AS moved the same way as comparable companies 1 times. About 16% of the changes in operating margin were common to the industry; the rest was the company's own.
| Year | The company | Comparable (median) | Change, company | Change, industry | The company's own |
|---|---|---|---|---|---|
| 2024 | 22.9% | 4.6% | −2.0 percentage points | −0.2 percentage points | −1.8 percentage points |
| 2025 | 22.0% | 4.3% | −0.9 percentage points | −0.3 percentage points | −0.6 percentage points |
Comparable companies are those in the same industry and Morning company class. Their change shows what hit the whole industry, the sector drivers below included. The rest is the company's own: contracts, costs, one-off items or operations. The share is approximate, and we claim no cause.
The company and its sector's drivers
Prices, rate and currency that shape the sector's year, year by year beside the operating margin of Logistics Partner AS. The figures stand side by side; we claim no cause.
Service prices: transport and storage (indeks (2021 = 100))
| Measure | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Service prices: transport and storage, annual average | – | – | 114.6 | 119.3 (so far) |
| Change from the year before | – | – | – | +4.1% |
| The company's operating margin | 24.9% | 22.9% | 22.0% | – |
Source: SSB (14335, CC BY 4.0). Source
Turnover index: transport and storage (49–53, incl. shipping) (indeks (2021 = 100))
Turnover index: transport and storage (49–53, incl. shipping) rose 2.6% in 2025; the operating margin of Logistics Partner AS fell 0.9 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Turnover index: transport and storage (49–53, incl. shipping), annual average | 99.6 | 124.2 | 125.0 | 128.8 | 132.2 | 137.4 (so far) |
| Change from the year before | −2.2% | +24.7% | +0.7% | +3.1% | +2.6% | +3.9% |
| The company's operating margin | – | – | 24.9% | 22.9% | 22.0% | – |
Source: SSB (13863, CC BY 4.0). Source
Oil price (export price of crude oil) (kr per fat)
Oil price (export price of crude oil) fell 17.6% in 2025; the operating margin of Logistics Partner AS fell 0.9 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Oil price (export price of crude oil), annual average | 609 | 979 | 877 | 859 | 708 | 881 (so far) |
| Change from the year before | +61.1% | +60.8% | −10.5% | −2.0% | −17.6% | +24.5% |
| The company's operating margin | – | – | 24.9% | 22.9% | 22.0% | – |
Source: SSB (08799, CC BY 4.0). Source
Consumer price index (indeks (2025 = 100))
Consumer price index rose 3.0% in 2025; the operating margin of Logistics Partner AS fell 0.9 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Consumer price index, annual average | 84.3 | 89.2 | 94.1 | 97.0 | 100.0 | 103.0 (so far) |
| Change from the year before | +3.5% | +5.8% | +5.5% | +3.2% | +3.0% | +3.0% |
| The company's operating margin | – | – | 24.9% | 22.9% | 22.0% | – |
Source: SSB (14710, CC BY 4.0). Source
Policy rate (prosent)
Policy rate fell 0.20 percentage points in 2025; the operating margin of Logistics Partner AS fell 0.9 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Policy rate, annual average | 0.08 | 1.32 | 3.54 | 4.50 | 4.30 | 4.17 (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 |
| The company's operating margin | – | – | 24.9% | 22.9% | 22.0% | – |
Source: Norges Bank (IR, NLOD 2.0). Source
Wage index: land transport (indeks)
Wage index: land transport rose 5.1% in 2025; the operating margin of Logistics Partner AS fell 0.9 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Wage index: land transport, annual average | 87.5 | 91.1 | 95.7 | 101.0 | 106.2 | 108.9 (so far) |
| Change from the year before | +3.3% | +4.1% | +5.1% | +5.5% | +5.1% | +2.5% |
| The company's operating margin | – | – | 24.9% | 22.9% | 22.0% | – |
Source: SSB (12314, CC BY 4.0). Source
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.
What the numbers say
Logistics Partner AS had an operating margin of 22.0% and an equity ratio of 80.9% in 2025, and ranks 436 of 4,996 in Transport og lagring.
From 2024 to 2025: revenue fell by 24%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 38 MNOK and 81 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 19.6 | 80 MNOK |
| EV/EBIT | 17.7 | 81 MNOK |
| P/B | 1.8 | 38 MNOK |
| EV/EBIT: from enterprise value to equity | NOK |
|---|---|
| Enterprise value (EV) at the listed multiple | 112 MNOK |
| Enterprise value after the size adjustment | 77 MNOK |
| Less net debt (rough figure) | −4 MNOK |
| Equity value | 81 MNOK |
Net debt is a rough figure: long-term liabilities minus cash. The accounts do not split interest-bearing debt from other liabilities, and short-term borrowings are not included. The size adjustment applies to the enterprise value, not to the debt.
The listed basis is the value at listed multiples. The estimate is lowered for size: a small-company premium of 3% on the cost of equity gives a value 32% lower. No separate marketability discount is applied, because the premium already allows for the company being small and unlisted.
The multiples are from the listed industry that matches the NACE code (52): Transportation.
Not financial advice. The value range is a rough model estimate from listed-company multiples, not a valuation, a price target or a price offer. The actual value may differ greatly. Read more
A mechanical estimate from public accounts, not advice. A mechanical estimate from public accounts with listed multiples and fixed adjustments. Not a valuation and not advice to buy or sell. See the calculation
Worth a closer look
- positive
Upper quartile on profitability, solidity and liquidity. What sets this company apart from the rest of the sector?
Based on: Operating margin 22.0% (median 4.3%); Equity ratio 80.9% (median 34.3%); Current ratio 5.96 (median 1.45).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
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 1.8%. Based on the 10 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 92 | weight 40% |
|---|---|---|
| Solidity | 95 | weight 20% |
| Liquidity | 97 | weight 5% |
| Growth | 25 | weight 25% |
| Consistency | 73 | weight 10% |
Three goals: profitability 40%, growth 25%, resilience 35%. Why these weights?
Durability: 81 (average over 3 years)
Index version 3. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Logistics Partner AS?
The operating margin was 22.0% in 2025, against a median of 4.3% among companies in the Morning class Small in the same sector. Return on assets was –.
How solid is Logistics Partner AS?
The equity ratio was 80.9% in 2025 (median 34.3%). Debt-to-equity was 0.24 (median 1.59).
What is the liquidity of Logistics Partner AS like?
The current ratio was 5.96 in 2025 (median 1.45).
How does Logistics Partner AS compare in Transport og lagring?
Logistics Partner AS ranks 436 of 4,996 in Transport og lagring for 2025. Among companies in the Morning class Small it is number 121 of 1,392. Revenue changed by −23.8% from the year before.
Competitors
The 8 closest competitors in the same line of business, placed in the same matrix as the sector page: profitability up, resilience to the right. These are the companies the competitor analysis and the strategy report compare with.
Each bubble is a company: this company and its closest competitors in the same line of business and size, the same ones the competitor analysis uses. Placement is 0–100 against the whole sector and Morning company class: further right is more robust, higher up is more profitable. Bubble size is revenue. The light bubble and arrow show where the company stood the year before. Pick a profile to see fewer at a time.
| Company | Profile | Operating revenue | Operating margin | Score |
|---|---|---|---|---|
| Nordmøre Transportservice AS |  Beaver |
48 MNOK | 1.9% | 42 |
| FRAKT & Spedisjon Service AS |  Elephant |
42 MNOK | 0.5% | 44 |
| Aviationplus Norway AS |  Cheetah |
41 MNOK | 15.6% | 57 |
| Logistics Partner AS (this company) |  Lion |
23 MNOK | 22.0% | 74 |
| KM TRANSPORT & Spedisjon AS | Beaver |
18 MNOK | −1.3% | 30 |
| Oslo Budservice AS | Beaver |
15 MNOK | −42.7% | 1 |
| Scanpartners International AS | Lion |
15 MNOK | 17.0% | 85 |
| Business Air Service AS | Lion |
13 MNOK | 10.7% | 69 |
| Intercel Logistics AS | Beaver |
10 MNOK | −2.3% | 8 |
The selection is the closest in revenue within the same industry code. When you order, you can swap competitors. Order competitor analysis
Group structure · 2025
4 companies in the group according to the shareholder register for 2025. A company counts as a subsidiary when a Norwegian company owns more than half of its shares.
Private persons own 100% of the shares in Logistics Partner AS. Persons are not shown by name.
Logistics Partner AS has not filed group accounts in open data, so the group has no index of its own. Each company has its own accounts.
The group in figures
- Sectors
- Transport og lagring (1 company), Handel (2 companies), Annen tjenesteyting (1 company) 4 of 4 companies in the tree have accounts with us. Sectors are sorted by the companies' own revenue, which includes sales between the group's companies.
- Loss
- 2 companies: Bølstad AS, Bilservice AS
A subsidiary with negative equity or a loss may be backed by the group, for example with group contributions or guarantees. It is an indication of what is worth asking about, not an assessment.
-
Logistics Partner AS you are here
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.
Source: the Norwegian Tax Administration's shareholder register 2025 (majority owner with more than 50 % of the shares). Voting agreements and ownership through other countries are not included.
From the Central Coordinating Register
- Org. no.
- 928058360
- Legal form
- AS
- Sector
- Transport og lagring (52.312)
- Morning company class
- Small
- Employees
- 0–4 (not registered)
- Founded
- 14 January 1982 44 years in operation
- Share capital
- 0.10 MNOK
- Business address
- Skoltegrunnskaien 1, 5035 BERGEN
- Municipality
- Bergen rank 8 of 11 in KOSTRA group 12
- Latest accounts filed
- 2025
- LEI
- 254900WWPFY9D9M8YP05 renews 12 April 2027
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
Loading roles …
Source: Central Coordinating Register, fetched 4 November 2026. Only names are shown.
- Parent company
- No parent company: owned by persons
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 30 October 2026. The parent is the one the company itself reported to GLEIF.
Shareholders (2025)
- Number of shareholders
- 1 (one owner)
- Largest owner
- 100.0%
- Split
- companies 0% · private persons 100% · foreign 0%
- Owned from the same municipality
- 100%
- Group chain
- Ultimate owner: private person
Change 2007–2025: 20% of the shares changed owner (0 new and 1 departed owners).
Majority owner of: Bilservice AS (100%), Bølstad AS (100%)
The portfolio: 5 of the companies it owns shares in have accounts with us, 2 of them as majority owner. The average index is 33. 0 have negative equity and 3 made a loss in the latest year.
Holds shares in: Fjord Defence Group ASA (0%), DNO ASA (0%), Sparebank 1 Sør-Norge ASA (0%), Gjensidige Forsikring ASA (0%), Green Minerals AS (0%), Bilservice AS (100%), Bølstad AS (100%)
Source: the Norwegian Tax Administration's shareholder register as of 2025. Figures may be older than today's ownership. Private persons are not shown by name.
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.
Is this your company? Suggest changes or add information
Figures last fetched 9 November 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 93 | 76 | 74 | |
| Rank | 40 | 334 | 436 | |
| Operating margin | 24.9% | 22.9% | 22.0% | |
| Return on assets | 27.4% | 23.0% | – | |
| Equity ratio | 82.4% | 81.3% | 80.9% | |
| Current ratio | 4.48 | 3.95 | 5.96 | |
| Revenue growth | – | 8.9% | −23.8% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 27.9 MNOK | 30.4 MNOK | 23.2 MNOK |
| Operating profit | 7.0 MNOK | 7.0 MNOK | 5.1 MNOK |
| Profit before tax | 8.0 MNOK | 8.8 MNOK | – |
| Tax expense | 1.7 MNOK | 1.8 MNOK | – |
| Net profit | 6.3 MNOK | 7.0 MNOK | 4.8 MNOK |
| Financial expenses | 0.1 MNOK | 0.0 MNOK | – |
| Total assets | 29.5 MNOK | 38.4 MNOK | 38.3 MNOK |
| Current assets | 20.7 MNOK | 25.8 MNOK | 30.9 MNOK |
| Equity | 24.3 MNOK | 31.2 MNOK | 31.0 MNOK |
| Retained earnings | 24.2 MNOK | 31.1 MNOK | 30.9 MNOK |
| Total liabilities | 5.2 MNOK | 7.2 MNOK | 7.3 MNOK |
| Current liabilities | 4.6 MNOK | 6.5 MNOK | 5.2 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 9 November 2026, accounts id 6546819.
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