Haugli Bakeri Butikk AS
Score · fiscal year 2025
46of 100
How to read this: the company is ahead of 43 % of companies in the Morning class Medium in the same sector in 2025. What does this mean?
Rank in the Morning class Medium: 2,128 of 3,705 · What are Morning company classes?
Place in the whole sector: 13,304 of 22,940 · Handel
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 36 and solidity 47 out of 100 among companies in the Morning class Medium in the same sector in 2025. Methodology
Against the sector
Haugli Bakeri Butikk AS is 4 points below the median for companies in the Morning class Medium in the same sector in 2025.
Median score 50 among 3,705 companies.
Against companies in the Morning class Medium in the same sector in 2025: operating margin 1.8% (median 3.0%) and equity ratio 28.7% (median 30.1%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 58 MNOK | 93 MNOK |
| Operating margin | 1.8% | 3.0% |
| Profit margin | 1.7% | 2.8% |
| Return on assets | 7.6% | 11.6% |
| Equity ratio | 28.7% | 30.1% |
| Debt-to-equity | 2.48 | 2.23 |
| Current ratio | 1.07 | 1.39 |
| Revenue growth | 25.0% | 6.1% |
| Revenue per employee | 0.50 MNOK | 5.07 MNOK |
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 46, Haugli Bakeri Butikk AS does better than 43% of companies in the Morning class Medium in the same sector (3,705 companies) in 2025.
Score 2023–2025
- Haugli Bakeri Butikk AS
- Median: companies in the Morning class Medium in the same sector
Haugli Bakeri Butikk AS has a score of 46 for 2025, rank 13,304 of 22,940 in the sector.
Strongest: Growth: percentile 83 against peers, revenue growth 25.0% against a median of 6.1%.
Weakest: Liquidity: percentile 20 against peers, current ratio 1.07 against a median of 1.39. Profitability: percentile 36 against peers, operating margin 1.8% against a median of 3.0%.
Worth a closer look
- Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have? Based on: revenue growth 25.0% (median 6.1%); current ratio 1.07 (median 1.39).
- What lies behind weak profitability, 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
The industry or the company: what drove the result?
In 2025 the operating margin of Haugli Bakeri Butikk AS fell by 0.4 percentage points. Comparable companies fell by a median 0.1 points. So the company did 0.3 points weaker than the industry, for reasons of its own.
Over 2 year-to-year changes Haugli Bakeri Butikk AS moved the same way as comparable companies 1 times. About 28% 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 | 2.2% | 3.0% | +0.1 percentage points | −0.1 percentage points | +0.2 percentage points |
| 2025 | 1.8% | 3.0% | −0.4 percentage points | −0.1 percentage points | −0.3 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 Haugli Bakeri Butikk AS. The figures stand side by side; we claim no cause.
Consumer price index (indeks (2025 = 100))
Consumer price index rose 3.0% in 2025; the operating margin of Haugli Bakeri Butikk AS fell 0.4 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Consumer price index, annual average | 84.3 | 89.2 | 94.1 | 97.0 | 100.0 | 102.9 (so far) |
| Change from the year before | +3.5% | +5.8% | +5.5% | +3.2% | +3.0% | +2.9% |
| The company's operating margin | – | – | 2.1% | 2.2% | 1.8% | – |
Source: SSB (14710, CC BY 4.0). Source
Policy rate (prosent)
Policy rate fell 0.20 percentage points in 2025; the operating margin of Haugli Bakeri Butikk AS fell 0.4 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 | – | – | 2.1% | 2.2% | 1.8% | – |
Source: Norges Bank (IR, NLOD 2.0). 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
Haugli Bakeri Butikk AS had an operating margin of 1.8% and an equity ratio of 28.7% in 2025, and ranks 13,304 of 22,940 in Handel.
From 2024 to 2025: revenue grew by 25%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 4 MNOK and 8 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 21.2 | 8 MNOK |
| EV/EBIT | 16.6 | 8 MNOK |
| P/B | 2.2 | 4 MNOK |
The listed basis is the value at listed multiples. The estimate is lowered by 51% for an unlisted company: 20% for lack of marketability and 38% for size (a small-company premium of 4% on the cost of equity).
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
- 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 25.0% (median 6.1%); Current ratio 1.07 (median 1.39).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 1.1% 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 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 | 36 | weight 30% |
|---|---|---|
| Solidity | 47 | weight 25% |
| Liquidity | 20 | weight 15% |
| Growth | 83 | weight 15% |
| Consistency | 56 | weight 15% |
Durability: 41 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Haugli Bakeri Butikk AS?
The operating margin was 1.8% in 2025, against a median of 3.0% among companies in the Morning class Medium in the same sector. Return on assets was 7.6%.
How solid is Haugli Bakeri Butikk AS?
The equity ratio was 28.7% in 2025 (median 30.1%). Debt-to-equity was 2.48 (median 2.23).
What is the liquidity of Haugli Bakeri Butikk AS like?
The current ratio was 1.07 in 2025 (median 1.39).
How does Haugli Bakeri Butikk AS compare in Handel?
Haugli Bakeri Butikk AS ranks 13,304 of 22,940 in Handel for 2025. Among companies in the Morning class Medium it is number 2,128 of 3,705. Revenue changed by 25.0% from the year before.
Group accounts
The company is registered as part of a group, but we have no group accounts for it. Group accounts are filed by the parent company, and open data does not say which company that is.
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.
We do not show the group structure, because open data does not say who owns whom.
From the Central Coordinating Register
- Org. no.
- 941240801
- Legal form
- AS · part of a group
- Sector
- Handel (47.240)
- Morning company class
- Medium
- Employees
- 116 registered 10 October 2026
- Founded
- 13 October 1986 40 years in operation
- Share capital
- 0.25 MNOK
- Business address
- Rennesøygata 10, 5537 HAUGESUND
- Municipality
- Haugesund rank 1–6 of 13 in KOSTRA group 10
- 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
Loading roles …
Source: Central Coordinating Register, fetched 29 October 2026. Only names are shown.
Shareholders (2025)
- Number of shareholders
- 1 (one owner)
- Largest owner
- 100.0%
- Split
- companies 100% · private persons 0% · foreign 0%
- Owned from the same municipality
- 100%
- Group chain
-
Owned by: Haugli Bakeri AS (100%)
Ultimate owner: Haugli AS
- Haugli Bakeri AS · 100.0%
Change 2007–2025:
100% of the shares changed owner (1 new and 1 departed owners). The majority owner changed.
New owners (companies): Haugli Bakeri AS
Departed (companies): Haugli AS
Holds shares in: Haugesund Sentrum Næringsdrift AS (1%)
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.
Figures last fetched 28 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 33 | 44 | 46 | |
| Rank | 15,646 | 13,534 | 13,304 | |
| Operating margin | 2.1% | 2.2% | 1.8% | |
| Return on assets | 9.2% | 9.5% | 7.6% | |
| Equity ratio | 29.9% | 33.3% | 28.7% | |
| Current ratio | 0.89 | 1.06 | 1.07 | |
| Revenue growth | – | 5.2% | 25.0% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 44.2 MNOK | 46.5 MNOK | 58.1 MNOK |
| Operating profit | 0.9 MNOK | 1.0 MNOK | 1.0 MNOK |
| Profit before tax | 0.9 MNOK | 1.0 MNOK | 1.0 MNOK |
| Tax expense | 0.2 MNOK | 0.2 MNOK | 0.2 MNOK |
| Net profit | 0.7 MNOK | 0.8 MNOK | 0.8 MNOK |
| Financial expenses | 0.1 MNOK | 0.1 MNOK | 0.1 MNOK |
| Total assets | 10.0 MNOK | 11.1 MNOK | 14.2 MNOK |
| Current assets | 5.5 MNOK | 7.9 MNOK | 9.9 MNOK |
| Equity | 3.0 MNOK | 3.7 MNOK | 4.1 MNOK |
| Retained earnings | 0.5 MNOK | 1.2 MNOK | 1.6 MNOK |
| Total liabilities | 7.0 MNOK | 7.4 MNOK | 10.1 MNOK |
| Current liabilities | 6.2 MNOK | 7.4 MNOK | 9.3 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 28 October 2026, accounts id 7034486.
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