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Industri ranking 2023

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Benchmarks · fiscal year 2023

Quartiles among the 1,971 ranked companies, all sizes. Half of them lie between the lower and upper quartile.

Key figureLower quartileMedianUpper quartile
Operating margin−0.4%4.4%10.8%
Profit margin−0.8%3.9%11.3%
Return on assets0.8%8.9%18.5%
Equity ratio20.6%39.2%59.0%
Debt-to-equity0.651.393.04
Current ratio1.071.532.35
Revenue growth−9.7%4.7%45.3%

Ranked per Morning company class: Micro: 800 · Medium: 440 · Small: 473 · Large: 258. Morning company classes by revenue: Micro 1–10 MNOK, Small 10 MNOK–50 MNOK, Medium 50 MNOK–500 MNOK, Large from 500 MNOK. Methodology

Distribution of the overall index · 2023

0157313Index 0–10: 83 companies830Index 10–20: 143 companies14310Index 20–30: 193 companies19320Index 30–40: 266 companies26630Index 40–50: 313 companies31340Index 50–60: 290 companies29050Index 60–70: 300 companies30060Index 70–80: 212 companies21270Index 80–90: 129 companies12980Index 90–100: 42 companies4290100Index →

Best in each category · 2023

Operating marginBettina Burud Holding AS98.7%
Return on assetsPowerjaws AS75.4%
Equity ratioStokke Industri AS99.3%
Current ratioSolenis Norway AS12.59
Revenue growthGrains Majorstuen AS9.9%

Among ranked companies with at least NOK 10m in revenue. Margins and equity ratios above 100 %, a current ratio above 20 and growth from a base below NOK 10m count as one-off effects and are left out.

Ranking · 2023

Morning Enterprise Index 0–100, version 2: every key figure is compared with companies in the same sector and size tier. Click a column heading to sort.

Rank Company Class Index Operating margin Equity ratio Current ratio Revenue growth Revenue
1 Pharmaq AS Largeno. 1 in the class 99 60.6% 88.1% 7.69 – 2,180 MNOK
2 Elkem Carbon AS Largeno. 2 in the class 99 30.7% 87.7% 5.95 – 1,596 MNOK
3 Wergeland AS Mediumno. 1 in the class 98 26.3% 87.9% 6.26 – 99 MNOK
4 Gastromat AS Smallno. 1 in the class 97 33.0% 83.9% 5.89 – 16 MNOK
5 Gunnebo Anja Industrier AS Mediumno. 2 in the class 96 22.1% 79.6% 4.64 – 226 MNOK
6 Andreas Waldeland AS Microno. 1 in the class 96 36.1% 96.1% 17.57 – 1 MNOK
7 N.H. Lerum AS Smallno. 2 in the class 96 91.3% 89.1% 3.31 – 12 MNOK
8 Elreg AS Smallno. 3 in the class 95 40.2% 89.6% 8.43 – 21 MNOK
9 Mettler-Toledo Cargoscan AS Mediumno. 3 in the class 95 31.7% 74.4% 3.79 – 160 MNOK
10 Halland Instruments AS Microno. 2 in the class 94 48.1% 83.4% 6.03 – 4 MNOK
11 Sero AS Mediumno. 4 in the class 94 23.7% 74.9% 4.15 – 167 MNOK
12 Eltra AS Microno. 3 in the class 94 23.0% 103.0% – – 3 MNOK
13 Napro AS Microno. 4 in the class 94 43.0% 87.1% 6.58 – 5 MNOK
14 Tenfjord Industrier AS Smallno. 4 in the class 94 40.3% 74.5% 3.44 – 19 MNOK
15 Baco AS Smallno. 5 in the class 93 23.5% 76.0% 4.06 – 15 MNOK
16 AS FRICHS CONDITORI Microno. 5 in the class 93 34.1% 89.4% 9.06 – 6 MNOK
17 Hand M Aid AS Microno. 6 in the class 93 38.4% 88.5% 8.72 – 5 MNOK
18 Norrøna Sport AS Largeno. 3 in the class 92 14.0% 75.0% 3.83 – 696 MNOK
19 Valdres Hytter AS Microno. 7 in the class 92 25.8% 83.8% 6.01 – 5 MNOK
20 Elite Helse Laboratory AS Microno. 8 in the class 92 15.5% 91.2% 11.31 – 1 MNOK
21 Inkeria AS Mediumno. 5 in the class 92 7.4% 81.6% 4.70 – 77 MNOK
22 Vepak AS Smallno. 6 in the class 92 19.1% 83.0% 5.76 – 25 MNOK
23 Bangs Hardmetall AS Microno. 9 in the class 92 25.3% 88.4% 8.55 – 1 MNOK
24 Propersdesign AS Microno. 10 in the class 92 37.1% 84.7% 6.32 – 2 MNOK
25 HD Solskjerming AS Largeno. 4 in the class 92 27.3% 59.3% 2.23 – 950 MNOK
26 Hjembu Eiendom AS Microno. 11 in the class 92 47.4% 98.8% 80.25 – 1 MNOK
27 Mellum AS Microno. 12 in the class 92 28.5% 86.5% 7.56 – 1 MNOK
28 Lippe AS Smallno. 7 in the class 91 12.9% 80.6% 4.94 – 16 MNOK
29 Grøvik Verk AS Mediumno. 6 in the class 91 20.2% 88.6% 4.46 – 84 MNOK
30 Hafsil AS Mediumno. 7 in the class 91 15.9% 70.4% 2.99 – 78 MNOK
31 Mi-Control AS Microno. 13 in the class 91 19.2% 83.4% 4.15 – 4 MNOK
32 Altieng AS Microno. 14 in the class 91 20.2% 96.4% – – 4 MNOK
33 Inter-Sun AS Mediumno. 8 in the class 91 37.8% 65.8% 2.24 – 256 MNOK
34 Pcc Norway AS Microno. 15 in the class 91 36.0% 78.2% 4.58 – 9 MNOK
35 Bonzai AS Microno. 16 in the class 91 5.5% 500.4% – – 1 MNOK
36 PEDERS MEK. Verksted AS Microno. 17 in the class 90 28.2% 90.5% 10.96 – 3 MNOK
37 Baker Hansen AS Mediumno. 9 in the class 90 18.9% 75.2% 2.21 – 243 MNOK
38 Det Øde Bakeri AS Microno. 18 in the class 90 38.1% 79.2% 4.82 – 2 MNOK
39 GABRIELSEN & Olsen Eiendom AS Microno. 19 in the class 90 63.7% 89.7% 3.21 – 2 MNOK
40 SG Armaturen AS Largeno. 5 in the class 90 20.6% 65.9% 2.06 – 1,557 MNOK
41 AS REGULATOR Mediumno. 10 in the class 90 25.4% 61.6% 3.75 – 50 MNOK
42 Pro-Dent Lab AS Microno. 20 in the class 90 21.0% 87.9% 8.27 – 1 MNOK
43 A. Idsøe Holding AS Microno. 21 in the class 90 9.6% 93.0% 9.77 – 5 MNOK
44 Borg Sandblåsing AS Microno. 22 in the class 90 18.2% 91.6% 11.69 – 3 MNOK
45 Holmen Betong AS Mediumno. 11 in the class 90 15.6% 73.8% 2.63 – 57 MNOK
46 Mjøsbetong AS Smallno. 8 in the class 89 19.5% 77.2% 3.90 – 32 MNOK
47 Megacon AS Smallno. 9 in the class 89 14.4% 73.2% 3.73 – 17 MNOK
48 Nittedal Torvindustri AS Mediumno. 12 in the class 89 12.7% 79.3% 6.61 – 122 MNOK
49 Algea AS Mediumno. 13 in the class 89 15.9% 78.5% 2.88 – 235 MNOK
50 Nordan Gruppen AS Mediumno. 14 in the class 89 49.0% 69.1% 2.07 – 249 MNOK

Bankrupt or being wound up

These companies are left out of the ranking.

Showing 50 of 383. See all bankruptcies and liquidations

About the figures

  • Only limited companies (AS and ASA) are included. Sole proprietorships are normally not required to file annual accounts and are therefore missing.
  • The Brønnøysund Register Centre only checks that accounts are filed, not their content. Suspicious figures are flagged on the company page, not hidden.
  • Figures are company accounts, not group accounts. Holding companies can be marked in admin and then do not count in sector averages.