DICO AS
Score · fiscal year 2025
89of 100
How to read this: the company is ahead of 100 % of companies in the Morning class Medium in the same sector in 2025. What does this mean?
Rank in the Morning class Medium: 14 of 3,712 · What are Morning company classes?
Place in the whole sector: 73 of 23,059 · Handel
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 99 and solidity 92 out of 100 among companies in the Morning class Medium in the same sector in 2025. Methodology
Against the sector
DICO AS is 39 points above 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 29.4% (median 3.0%) and equity ratio 69.9% (median 30.0%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 110 MNOK | 93 MNOK |
| Operating margin | 29.4% | 3.0% |
| Profit margin | 30.5% | 2.8% |
| Return on assets | 56.9% | 11.6% |
| Equity ratio | 69.9% | 30.0% |
| Debt-to-equity | 0.43 | 2.24 |
| Current ratio | 3.30 | 1.39 |
| Revenue growth | 25.7% | 6.1% |
| Revenue per employee | 12.20 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 89, DICO AS does better than 100% of companies in the Morning class Medium in the same sector (3,712 companies) in 2025.
Score 2023–2025
- DICO AS
- Median: companies in the Morning class Medium in the same sector
DICO AS has a score of 89 for 2025, rank 73 of 23,059 in the sector.
Strongest: Profitability: percentile 99 against peers, operating margin 29.4% against a median of 3.0%. Solidity: percentile 92 against peers, equity ratio 69.9% against a median of 30.0%.
No area is clearly below its peers.
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
DICO AS had an operating margin of 29.4% and an equity ratio of 69.9% in 2025, and ranks 73 of 23,059 in Handel.
From 2024 to 2025: the operating margin rose from 19.4% to 29.4% and the equity ratio rose from 45.0% to 69.9%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 41 MNOK and 287 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 261 MNOK |
| EV/EBIT | 8.0 | 287 MNOK |
| P/B | 1.0 | 41 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
- positive
Upper quartile on profitability, solidity and liquidity. What sets this company apart from the rest of the sector?
Based on: Operating margin 29.4% (median 3.0%); Equity ratio 69.9% (median 30.0%); Current ratio 3.30 (median 1.39).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 0.3% 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 | 99 | weight 30% |
|---|---|---|
| Solidity | 92 | weight 25% |
| Liquidity | 91 | weight 15% |
| Growth | 84 | weight 15% |
| Consistency | 65 | weight 15% |
Durability: 77 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is DICO AS?
The operating margin was 29.4% in 2025, against a median of 3.0% among companies in the Morning class Medium in the same sector. Return on assets was 56.9%.
How solid is DICO AS?
The equity ratio was 69.9% in 2025 (median 30.0%). Debt-to-equity was 0.43 (median 2.24).
What is the liquidity of DICO AS like?
The current ratio was 3.30 in 2025 (median 1.39).
How does DICO AS compare in Handel?
DICO AS ranks 73 of 23,059 in Handel for 2025. Among companies in the Morning class Medium it is number 14 of 3,712. Revenue changed by 25.7% from the year before.
Public contracts
- Contracts awarded since 2024
- 5
- Total awarded value since 2024
- 11.6 MNOK
- 2 contracts without a stated value are not in the total.
- Framework agreements
- 2
- Left out of the total: the value is a ceiling, not actual spend.
| Date | Buyer | Notice | Value |
|---|---|---|---|
| 14 April 2025 | Sykehusbygg HF | K9400 Fastmontert utstyr operasjon og intensiv *KUNNGJØRING KONTRAKTSTILDELING* | value not stated |
| 6 December 2024 | SYKEHUSINNKJØP HF | Kontraktstildeling: Leiringsprodukter av mykt materiale for operasjon til foretakene i Helse Vest | value not stated |
| 28 October 2024 | SYKEHUSINNKJØP HF | CTG til Nye Hammerfest sykehus NY | value not stated |
| 15 October 2024 | Oslo Universitetssykehus HF (hovedenhet) | 76511 RH HHA ØNH Poliklinikk ØNH unit | value not stated |
| 17 January 2024 | SYKEHUSINNKJØP HF | Operasjonsbord med søyler til hovedoperasjon SSA til Sørlandet Sykehus HF | 11.6 MNOK |
| 29 May 2018 | SYKEHUSINNKJØP HF | Medisinsk teknisk infrastruktur; Uttakssentraler for operasjon og anestesi til Vestre Viken HF | value not stated |
| 13 June 2017 | Sykehuset Østfold HF | MR-UL fusjonsbiopsi prostata | value not stated |
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.
- 985691088
- Legal form
- AS
- Sector
- Handel (46.460)
- Morning company class
- Medium
- Employees
- 9 registered 10 October 2026
- Founded
- 2 May 2003 23 years in operation
- Share capital
- 1.24 MNOK
- Business address
- Strandveien 55, 1366 LYSAKER (BÆRUM)
- Municipality
- Bærum rank 1 of 11 in KOSTRA group 12
- Latest accounts filed
- 2025
- Website
- www.dico.no
- LEI
- 254900ICIYJ75VKM5Y57 renews 7 September 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
- Øyvind Rustand Dahl
- Chair of the board
- Jan Knoph
- Board member
- Robert Andrzej Kolakowski
- Board member
- Øyvind Rustand Dahl
- Auditor
- RRO AS
- Accountant
- TALLENT AS
Source: Central Coordinating Register, fetched 29 October 2026. Only names are shown.
- Parent company
- No parent company: owned by persons
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 29 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 60 | 81 | 89 | |
| Rank | 7,192 | 755 | 73 | |
| Operating margin | 9.3% | 19.4% | 29.4% | |
| Return on assets | 16.5% | 31.2% | 56.9% | |
| Equity ratio | 39.7% | 45.0% | 69.9% | |
| Current ratio | 1.61 | 1.80 | 3.30 | |
| Revenue growth | – | 74.9% | 25.7% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 49.9 MNOK | 87.3 MNOK | 109.8 MNOK |
| Operating profit | 4.7 MNOK | 16.9 MNOK | 32.3 MNOK |
| Profit before tax | 4.9 MNOK | 17.7 MNOK | 33.4 MNOK |
| Net profit | 3.8 MNOK | 13.9 MNOK | 26.1 MNOK |
| Financial expenses | 0.0 MNOK | 0.1 MNOK | 0.1 MNOK |
| Total assets | 29.7 MNOK | 57.1 MNOK | 58.8 MNOK |
| Current assets | 28.8 MNOK | 56.5 MNOK | 58.5 MNOK |
| Equity | 11.8 MNOK | 25.7 MNOK | 41.1 MNOK |
| Retained earnings | 10.3 MNOK | 24.2 MNOK | 39.6 MNOK |
| Total liabilities | 17.9 MNOK | 31.4 MNOK | 17.7 MNOK |
| Current liabilities | 17.9 MNOK | 31.4 MNOK | 17.7 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 29 October 2026, accounts id 6372723.
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