Mandals AS
Score · fiscal year 2025
76of 100
How to read this: the company is ahead of 93 % of companies in the Morning class Medium in the same sector in 2025. What does this mean?
Rank in the Morning class Medium: 58 of 775 · What are Morning company classes?
Place in the whole sector: 168 of 2,392 · Industri
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 67 and solidity 97 out of 100 among companies in the Morning class Medium in the same sector in 2025. Methodology
Against the sector
Mandals AS is 25 points above the median for companies in the Morning class Medium in the same sector in 2025.
Median score 51 among 775 companies.
Against companies in the Morning class Medium in the same sector in 2025: operating margin 9.8% (median 4.6%) and equity ratio 79.2% (median 37.9%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 268 MNOK | 164 MNOK |
| Operating margin | 9.8% | 4.6% |
| Profit margin | 9.7% | 4.4% |
| Return on assets | 11.7% | 9.6% |
| Equity ratio | 79.2% | 37.9% |
| Debt-to-equity | 0.26 | 1.56 |
| Current ratio | 2.97 | 1.51 |
| Revenue growth | 21.4% | 6.9% |
| Revenue per employee | 2.85 MNOK | 2.67 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 76, Mandals AS does better than 93% of companies in the Morning class Medium in the same sector (775 companies) in 2025.
Score 2023–2025
- Mandals AS
- Median: companies in the Morning class Medium in the same sector
Mandals AS has a score of 76 for 2025, rank 168 of 2,392 in the sector.
Strongest: Solidity: percentile 97 against peers, equity ratio 79.2% against a median of 37.9%. Liquidity: percentile 89 against peers, current ratio 2.97 against a median of 1.51.
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
Mandals AS had an operating margin of 9.8% and an equity ratio of 79.2% in 2025, and ranks 168 of 2,392 in Industri.
From 2024 to 2025: the operating margin rose from −0.4% to 9.8% and revenue grew by 21%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 202 MNOK and 244 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 202 MNOK |
| EV/EBIT | 8.0 | 213 MNOK |
| P/B | 1.0 | 244 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 9.8% (median 4.6%); Equity ratio 79.2% (median 37.9%); Current ratio 2.97 (median 1.51).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 15.4% 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.
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 −0.8%. 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 | 67 | weight 30% |
|---|---|---|
| Solidity | 97 | weight 25% |
| Liquidity | 89 | weight 15% |
| Growth | 78 | weight 15% |
| Consistency | 40 | weight 15% |
Durability: 67 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Mandals AS?
The operating margin was 9.8% in 2025, against a median of 4.6% among companies in the Morning class Medium in the same sector. Return on assets was 11.7%.
How solid is Mandals AS?
The equity ratio was 79.2% in 2025 (median 37.9%). Debt-to-equity was 0.26 (median 1.56).
What is the liquidity of Mandals AS like?
The current ratio was 2.97 in 2025 (median 1.51).
How does Mandals AS compare in Industri?
Mandals AS ranks 168 of 2,392 in Industri for 2025. Among companies in the Morning class Medium it is number 58 of 775. Revenue changed by 21.4% from the year before.
From the Central Coordinating Register
- Org. no.
- 998281636
- Legal form
- AS
- Sector
- Industri (13.960)
- Morning company class
- Medium
- Employees
- 94 registered 10 October 2026
- Founded
- 30 March 2012 14 years in operation
- Share capital
- 3.54 MNOK
- Business address
- Nordre Banegate 26, 4515 MANDAL (LINDESNES)
- Municipality
- Lindesnes rank 6–21 of 27 in KOSTRA group 9
- Latest accounts filed
- 2025
- Website
- www.mandals.com
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 1 November 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 72 | 54 | 76 | |
| Rank | 416 | 1,049 | 168 | |
| Operating margin | 6.6% | −0.4% | 9.8% | |
| Return on assets | 11.3% | 4.3% | 11.7% | |
| Equity ratio | 83.6% | 82.9% | 79.2% | |
| Current ratio | 3.68 | 3.27 | 2.97 | |
| Revenue growth | – | −21.0% | 21.4% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 278.9 MNOK | 220.4 MNOK | 267.5 MNOK |
| Operating profit | 18.4 MNOK | −0.8 MNOK | 26.3 MNOK |
| Profit before tax | 16.1 MNOK | 2.0 MNOK | 26.1 MNOK |
| Net profit | 12.4 MNOK | 1.9 MNOK | 20.2 MNOK |
| Financial expenses | 16.0 MNOK | 9.7 MNOK | 9.9 MNOK |
| Total assets | 283.1 MNOK | 272.8 MNOK | 308.7 MNOK |
| Current assets | 171.0 MNOK | 152.1 MNOK | 190.5 MNOK |
| Equity | 236.6 MNOK | 226.2 MNOK | 244.5 MNOK |
| Retained earnings | 43.3 MNOK | 32.9 MNOK | 51.2 MNOK |
| Total liabilities | 46.5 MNOK | 46.6 MNOK | 64.2 MNOK |
| Current liabilities | 46.5 MNOK | 46.6 MNOK | 64.2 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 1 November 2026, accounts id 6662302.
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