IVECO NORGE AS
Score · fiscal year 2025
38of 100
How to read this: the company is ahead of 26 % of companies in the Morning class Medium in the same sector in 2025. What does this mean?
Rank in the Morning class Medium: 2,765 of 3,712 · What are Morning company classes?
Place in the whole sector: 16,629 of 23,065 · Handel
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 34 and solidity 0 out of 100 among companies in the Morning class Medium in the same sector in 2025. Methodology
Against the sector
IVECO NORGE AS is 12 points below the median for companies in the Morning class Medium in the same sector in 2025.
Median score 50 among 3,712 companies.
Against companies in the Morning class Medium in the same sector in 2025: operating margin 2.6% (median 3.0%) and equity ratio −0.9% (median 30.0%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 249 MNOK | 93 MNOK |
| Operating margin | 2.6% | 3.0% |
| Profit margin | −0.5% | 2.8% |
| Return on assets | 3.9% | 11.6% |
| Equity ratio | −0.9% | 30.0% |
| Debt-to-equity | – | 2.24 |
| Current ratio | 1.52 | 1.39 |
| Revenue growth | 109.0% | 6.1% |
The median and “ahead of” refer to companies in the Morning class Medium in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 38, IVECO NORGE AS does better than 26% of companies in the Morning class Medium in the same sector (3,712 companies) in 2025.
Score 2023–2025
- IVECO NORGE AS
- Median: companies in the Morning class Medium in the same sector
IVECO NORGE AS has a score of 38 for 2025, rank 16,629 of 23,065 in the sector.
Strongest: Growth: percentile 97 against peers, revenue growth 109.0% against a median of 6.1%.
Weakest: Solidity: percentile 0 against peers, equity ratio −0.9% against a median of 30.0%. Consistency: percentile 32 against peers.
Worth a closer look
- Equity is negative. How will it be rebuilt, and what do lenders and the auditor say about going concern? Based on: equity ratio −0.9% (median 30.0%).
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −0.5% (median 2.8%).
- What lies behind weak solidity, and will it last?
- What lies behind weak consistency, and will it last?
Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made
What the numbers say
IVECO NORGE AS had an operating margin of 2.6% and an equity ratio of −0.9% in 2025, and ranks 16,629 of 23,065 in Handel.
From 2024 to 2025: revenue grew by 109% and went from a profit to a loss before tax.
This text is generated automatically from the 2025 accounts.
Three simple methods
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | debt above value |
| P/B | 1.0 | not meaningful |
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
- critical
Equity is negative. How will it be rebuilt, and what do lenders and the auditor say about going concern?
Based on: Equity ratio −0.9% (median 30.0%).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −0.5% (median 2.8%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 4.4% of the debt in 2025. The policy rate averaged 4.30 % the same year. This is a plain description of what the debt cost, not a model of interest sensitivity.
Data quality
- critical Negative equity
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 | 34 | weight 30% |
|---|---|---|
| Solidity | 0 | weight 25% |
| Liquidity | 57 | weight 15% |
| Growth | 97 | weight 15% |
| Consistency | 32 | weight 15% |
Durability: 29 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is IVECO NORGE AS?
The operating margin was 2.6% in 2025, against a median of 3.0% among companies in the Morning class Medium in the same sector. Return on assets was 3.9%. The company made a loss before tax.
How solid is IVECO NORGE AS?
The equity ratio was −0.9% in 2025 (median 30.0%). Equity is negative, so liabilities exceed assets.
What is the liquidity of IVECO NORGE AS like?
The current ratio was 1.52 in 2025 (median 1.39).
How does IVECO NORGE AS compare in Handel?
IVECO NORGE AS ranks 16,629 of 23,065 in Handel for 2025. Among companies in the Morning class Medium it is number 2,765 of 3,712. Revenue changed by 109.0% from the year before.
Public contracts
- Contracts awarded since 2024
- 1
- Total awarded value since 2024
- value not stated
- 1 contracts without a stated value are not in the total.
| Date | Buyer | Notice | Value |
|---|---|---|---|
| 7 October 2024 | Departementenes sikkerhets- og serviceorganisasjon | Anskaffelse av to elektriske lastebiler | value not stated |
| 1 June 2023 | NTNU | Elektrisk lastebil | 1.4 MNOK |
| 5 December 2022 | BIR AS | Kjøp av nyttekjøretøy - diverse renovasjonskjøretøy | 50.0 MNOK (framework) |
| 19 May 2021 | Movar Iks | 2 stk. lett renovasjonsbil | 2.6 MNOK |
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.
- 934621328
- Legal form
- AS
- Sector
- Handel (46.710)
- Morning company class
- Medium
- Employees
- 0–4 (not registered)
- Founded
- 2 January 1984 42 years in operation
- Share capital
- 13.02 MNOK
- Business address
- Lysaker torg 5, 1366 LYSAKER (BÆRUM)
- Municipality
- Bærum rank 1 of 11 in KOSTRA group 12
- Latest accounts filed
- 2025
- Website
- www.iveco.com
- LEI
- 5493000VYDC21BNFG813 renews 13 March 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
- Chief executive
- Jan Kimla
- Chair of the board
- Kristof Leo W Gestels
- Board member
- Siril Steinsholt Visnes
- Board member
- Jan Kimla
- Auditor
- DELOITTE AS
- Accountant
- AIDER AS
- Accountant
- KPMG ACCOUNTING AS
Source: Central Coordinating Register, fetched 31 October 2026. Only names are shown.
- Parent company
- IVECO GROUP N.V. (Italy)
- Ultimate parent
- EXOR N.V. (Netherlands)
Foreign-owned according to GLEIF.
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 27 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 25 | 22 | 38 | |
| Rank | 17,583 | 19,967 | 16,629 | |
| Operating margin | 1.7% | 1.8% | 2.6% | |
| Return on assets | 3.2% | 1.1% | 3.9% | |
| Equity ratio | 5.0% | −4.6% | −0.9% | |
| Current ratio | 2.05 | 1.85 | 1.52 | |
| Revenue growth | – | −69.8% | 109.0% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 395.8 MNOK | 119.3 MNOK | 249.4 MNOK |
| Operating profit | 6.6 MNOK | 2.1 MNOK | 6.5 MNOK |
| Profit before tax | 3.6 MNOK | 1.7 MNOK | −1.3 MNOK |
| Net profit | 3.1 MNOK | 14.3 MNOK | −5.4 MNOK |
| Financial expenses | 7.7 MNOK | 0.5 MNOK | 11.7 MNOK |
| Total assets | 356.8 MNOK | 194.9 MNOK | 265.0 MNOK |
| Current assets | 254.7 MNOK | 120.0 MNOK | 164.2 MNOK |
| Equity | 18.0 MNOK | −8.9 MNOK | −2.5 MNOK |
| Retained earnings | −6.2 MNOK | −74.7 MNOK | −80.1 MNOK |
| Total liabilities | 338.8 MNOK | 203.9 MNOK | 267.5 MNOK |
| Current liabilities | 124.1 MNOK | 64.9 MNOK | 108.1 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 27 October 2026, accounts id 7164237.
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