Adecco Norge AS
Score · fiscal year 2025
32of 100
How to read this: the company is ahead of 9 % of companies in the Morning class Large in the same sector in 2025. What does this mean?
Rank in the Morning class Large: 60 of 66 · What are Morning company classes?
Place in the whole sector: 1,750 of 2,178 · Forretningsmessig tjenesteyting
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 4 and solidity 60 out of 100 among companies in the Morning class Large in the same sector in 2025. Methodology
Against the sector
Adecco Norge AS is 17 points below the median for companies in the Morning class Large in the same sector in 2025.
Median score 49 among 66 companies.
Against companies in the Morning class Large in the same sector in 2025: operating margin −2.2% (median 3.5%) and equity ratio 25.2% (median 20.3%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 1,443 MNOK | 904 MNOK |
| Operating margin | −2.2% | 3.5% |
| Profit margin | −1.9% | 3.7% |
| Return on assets | −2.3% | 9.2% |
| Equity ratio | 25.2% | 20.3% |
| Debt-to-equity | 2.97 | 3.93 |
| Current ratio | 1.09 | 1.09 |
| Revenue growth | −5.7% | 5.1% |
| Revenue per employee | 0.27 MNOK | 3.74 MNOK |
The median and “ahead of” refer to companies in the Morning class Large in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 32, Adecco Norge AS does better than 9% of companies in the Morning class Large in the same sector (66 companies) in 2025.
Score 2023–2025
- Adecco Norge AS
- Median: companies in the Morning class Large in the same sector
Adecco Norge AS has a score of 32 for 2025, rank 1,750 of 2,178 in the sector.
Strongest: Solidity: percentile 60 against peers, equity ratio 25.2% against a median of 20.3%.
Weakest: Profitability: percentile 4 against peers, operating margin −2.2% against a median of 3.5%. Growth: percentile 17 against peers, revenue growth −5.7% against a median of 5.1%.
Worth a closer look
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −1.9% (median 3.7%).
- The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors? Based on: operating margin −2.2% (median 3.5%).
- What lies behind weak profitability, and will it last?
- What lies behind weak growth, 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
Adecco Norge AS had an operating margin of −2.2% and an equity ratio of 25.2% in 2025, and ranks 1,750 of 2,178 in Forretningsmessig tjenesteyting.
From 2024 to 2025: the equity ratio rose from 20.0% to 25.2%.
This text is generated automatically from the 2025 accounts.
Three simple methods
One method gives a figure: 159 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 159 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
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −1.9% (median 3.7%).
- watch
The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors?
Based on: Operating margin −2.2% (median 3.5%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 2.8% 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.
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 2026, the sector's weakest year, for this company.
The sector's weakest year was 2026, with a median operating margin of −3.2%. Based on the 9 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 4 | weight 30% |
|---|---|---|
| Solidity | 60 | weight 25% |
| Liquidity | 48 | weight 15% |
| Growth | 17 | weight 15% |
| Consistency | 41 | weight 15% |
Durability: 31 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Adecco Norge AS?
The operating margin was −2.2% in 2025, against a median of 3.5% among companies in the Morning class Large in the same sector. Return on assets was −2.3%. The company made a loss before tax.
How solid is Adecco Norge AS?
The equity ratio was 25.2% in 2025 (median 20.3%). Debt-to-equity was 2.97 (median 3.93).
What is the liquidity of Adecco Norge AS like?
The current ratio was 1.09 in 2025 (median 1.09).
How does Adecco Norge AS compare in Forretningsmessig tjenesteyting?
Adecco Norge AS ranks 1,750 of 2,178 in Forretningsmessig tjenesteyting for 2025. Among companies in the Morning class Large it is number 60 of 66. Revenue changed by −5.7% from the year before.
Public contracts
- Contracts awarded since 2024
- 35
- in 29 notices (lots counted separately)
- Total awarded value since 2024
- value not stated
- 2 contracts without a stated value are not in the total.
- Framework agreements
- 33
- Left out of the total: the value is a ceiling, not actual spend.
| Date | Buyer | Notice | Value |
|---|---|---|---|
| 23 March 2026 | Oslo kommune v/ Utviklings- og kompetanseetaten | Rammeavtale for kjøp av vikartjenester - renholdspersonell | 88.0 MNOK (framework) |
| 23 February 2026 | Oslo kommune v/ Økonomi- og forvaltningsetaten | Kjøp av vikartjenester - Pedagogisk personell til barnehager | 1,950.0 MNOK (framework) |
| 2 February 2026 | INNOVASJON NORGE | Rammeavtale for kjøp av vikartjenester | 12.0 MNOK (framework) |
| 23 January 2026 | Oslo kommune v/ Økonomi- og forvaltningsetaten | Kjøp av vikartjenester - Pedagogisk personell til skoler | 120.0 MNOK (framework) |
| 15 December 2025 | Stiftelsen Tradebroker | Bemannings- og rekrutteringstjenester | 2,500.0 MNOK (framework) |
| 9 July 2025 | FORSVARSMATERIELL | Anskaffelse av rekrutteringstjenester | 30.0 MNOK (framework) |
| 8 July 2025 | Bodø Kommune | 2024/7314 - Anskaffelse av vikartjenester for barnehager | 70.0 MNOK (framework) |
| 21 May 2025 | Randaberg kommune | Rammeavtale - for innleie av vikarer til barnehage, SFO og grunnskolen | value not stated |
| 24 April 2025 | VENNESLA KOMMUNE | 3 sykepleiere til avvikling av hovedferien 2025 - Venneslaheimen - Vennesla kommune | value not stated |
| 31 March 2025 | Sandnes kommune | Rammeavtale - Vikartjenester pedagogisk personell | 1.0 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 28 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.
- 935333156
- Legal form
- AS
- Sector
- Forretningsmessig tjenesteyting (78.200)
- Morning company class
- Large
- Employees
- 5,358 registered 10 October 2026
- Founded
- 29 May 1984 42 years in operation
- Share capital
- 51.00 MNOK
- Business address
- Askekroken 11, 0277 OSLO
- Municipality
- Oslo rank 63–220 of 357 in Norway
- Latest accounts filed
- 2025
- Website
- www.adecco.no
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 31 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 31 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 35 | 25 | 32 | |
| Rank | 1,504 | 1,893 | 1,750 | |
| Operating margin | −4.8% | −3.2% | −2.2% | |
| Return on assets | −4.6% | −3.6% | −2.3% | |
| Equity ratio | 20.9% | 20.0% | 25.2% | |
| Current ratio | 1.17 | 1.15 | 1.09 | |
| Revenue growth | – | −12.4% | −5.7% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 1,747.0 MNOK | 1,530.6 MNOK | 1,442.8 MNOK |
| Operating profit | −84.3 MNOK | −48.8 MNOK | −31.3 MNOK |
| Profit before tax | −44.5 MNOK | −40.7 MNOK | −27.4 MNOK |
| Net profit | −44.5 MNOK | −38.6 MNOK | −21.1 MNOK |
| Financial expenses | 6.7 MNOK | 12.4 MNOK | 13.1 MNOK |
| Total assets | 824.2 MNOK | 786.3 MNOK | 629.9 MNOK |
| Current assets | 761.6 MNOK | 721.2 MNOK | 513.3 MNOK |
| Equity | 171.9 MNOK | 157.6 MNOK | 158.8 MNOK |
| Retained earnings | – | – | – |
| Total liabilities | 652.3 MNOK | 628.6 MNOK | 471.2 MNOK |
| Current liabilities | 652.3 MNOK | 628.6 MNOK | 471.2 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 31 October 2026, accounts id 7148945.
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