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Kraft og energi ranking 2023

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Benchmarks · fiscal year 2023

Quartiles among the 829 ranked companies, all sizes. Half of them lie between the lower and upper quartile.

Key figureLower quartileMedianUpper quartile
Operating margin1.0%22.6%49.0%
Profit margin−1.9%19.4%49.4%
Return on assets2.4%7.1%14.7%
Equity ratio20.3%36.4%58.0%
Debt-to-equity0.671.603.39
Current ratio0.871.442.76
Revenue growth−7.5%24.2%55.9%

Ranked per Morning company class: Micro: 408 · Small: 151 · Medium: 205 · Large: 65. 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

086172Index 0–10: 16 companies160Index 10–20: 51 companies5110Index 20–30: 69 companies6920Index 30–40: 110 companies11030Index 40–50: 161 companies16140Index 50–60: 172 companies17250Index 60–70: 131 companies13160Index 70–80: 68 companies6870Index 80–90: 43 companies4380Index 90–100: 8 companies890100Index →

Best in each category · 2023

Operating marginMidt-Telemark Kraft AS98.1%
Return on assetsViul Kraft AS62.4%
Equity ratioFinnmark Kraft AS98.5%
Current ratioIntegrated Wind Solutions ASA18.19
Revenue growthKinect Energy AS87.7%

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 Bjergaelva Kraft AS Microno. 1 in the class 95 79.8% 92.8% 6.79 – 2 MNOK
2 Øvre Hallingdal Kraftproduksjon AS Mediumno. 1 in the class 95 79.6% 71.8% 65.04 – 283 MNOK
3 Norsk Vind AS Smallno. 1 in the class 94 146.8% 82.8% 5.53 – 17 MNOK
4 Skien Kraftproduksjon AS Mediumno. 2 in the class 93 72.7% 79.3% 34.78 – 231 MNOK
5 Fossekallen Kraft AS Microno. 2 in the class 92 67.3% 93.9% 4.86 – 2 MNOK
6 Kongsberg Energiselskap AS Mediumno. 3 in the class 91 64.3% 72.5% 2.45 – 59 MNOK
7 Smievoll Kraft AS Microno. 3 in the class 91 65.5% 90.3% 4.51 – 1 MNOK
8 Lågen og Øvre Glomma Kraftproduksjon AS Largeno. 1 in the class 91 78.8% 67.0% 13.32 – 617 MNOK
9 Tinfos AS Mediumno. 4 in the class 90 53.0% 66.7% 6.28 – 290 MNOK
10 Suldal Elverk AS Microno. 4 in the class 90 76.0% 97.0% 6.59 – 10 MNOK
11 Lista Vindkraftverk AS Mediumno. 5 in the class 90 69.8% 66.2% 1.88 – 187 MNOK
12 Kjøllefjord Vind AS Smallno. 2 in the class 89 114.6% 79.5% 12.18 – 31 MNOK
13 Storebekk Kraftverk AS Microno. 5 in the class 89 66.4% 82.1% 3.00 – 7 MNOK
14 Halden Kraftproduksjon AS Mediumno. 6 in the class 89 64.8% 71.3% 1.96 – 110 MNOK
15 Kjetland Kraft AS Microno. 6 in the class 88 61.0% 90.7% 4.29 – 3 MNOK
16 Kittilsviken Kraftverk AS Microno. 7 in the class 88 57.8% 88.6% 3.49 – 4 MNOK
17 Sarp Kraftstasjon AS Mediumno. 7 in the class 87 89.9% 58.0% 1.60 – 212 MNOK
18 Oslo Lysverker AS Mediumno. 8 in the class 87 76.4% 56.1% 2.09 – 169 MNOK
19 Vindedal Kraftverk AS Microno. 8 in the class 87 48.2% 92.1% 9.48 – 7 MNOK
20 Jotun Kraftproduksjon AS Smallno. 3 in the class 87 79.5% 70.4% 2.88 – 20 MNOK
21 Kirkesundet Kraft AS Smallno. 4 in the class 86 68.9% 86.0% 6.82 – 17 MNOK
22 Botnakraft AS Microno. 9 in the class 86 42.1% 86.1% 15.91 – 2 MNOK
23 Norgesgruppen Fornybar AS Mediumno. 9 in the class 86 64.5% 76.3% 4.92 – 64 MNOK
24 Skagerak Kraft ASsubsidiary of Skagerak Energi AS Largeno. 2 in the class 85 78.4% 56.5% 1.28 – 5,447 MNOK
25 Sagevikelv Kraft AS Microno. 10 in the class 85 50.7% 84.9% 3.89 – 5 MNOK
26 Rosendal Elektrisitetsverk AS Microno. 11 in the class 85 58.0% 73.6% 2.99 – 4 MNOK
27 Lundsfoss Kraftstasjon AS Microno. 12 in the class 85 84.9% 65.6% 2.49 – 5 MNOK
28 Gryto Kraft AS Microno. 13 in the class 84 58.2% 82.5% 3.26 – 8 MNOK
29 Gryte Kraft AS Microno. 14 in the class 84 47.5% 88.5% 3.47 – 5 MNOK
30 Green Gold AS Microno. 15 in the class 84 82.4% 74.9% 3.90 – 5 MNOK
31 Erdal Minikraft AS Microno. 16 in the class 84 54.3% 85.2% 5.64 – 1 MNOK
32 Inntre Energi Steinkjer AS Smallno. 5 in the class 84 34.6% 77.6% 2.83 – 27 MNOK
33 Vrådal Kraft AS Microno. 17 in the class 84 68.0% 62.9% 4.50 – 7 MNOK
34 Tinn Bioenergi AS Microno. 18 in the class 84 47.8% 83.5% 3.16 – 2 MNOK
35 Nordlysenergi AS Mediumno. 10 in the class 83 16.6% 67.7% 3.09 – 119 MNOK
36 Sage Kraftverk AS Smallno. 6 in the class 83 66.1% 71.4% 3.07 – 19 MNOK
37 Arendals Fossekompani ASA Largeno. 3 in the class 83 64.5% 61.2% 3.36 – 519 MNOK
38 Østerdalen Kraftproduksjon ASsubsidiary of Elverum Energi AS Mediumno. 11 in the class 83 68.5% 68.4% 1.19 – 162 MNOK
39 Sunnmøre Energi AS Smallno. 7 in the class 82 78.6% 78.0% 1.33 – 38 MNOK
40 Arowya AS Smallno. 8 in the class 82 25.3% 84.6% 6.50 – 11 MNOK
41 Fucap AS Microno. 19 in the class 82 51.4% 79.0% 1.78 – 8 MNOK
42 Sks Produksjon ASsubsidiary of Salten Kraftsamband AS Largeno. 4 in the class 82 56.8% 63.9% 1.77 – 740 MNOK
43 Breivold Energi AS Microno. 20 in the class 82 54.8% 84.7% 2.01 – 2 MNOK
44 ELKRAFT AKSJESELSKAP Largeno. 5 in the class 82 4.2% 70.0% 3.76 – 720 MNOK
45 Valen Kraftverk AS Smallno. 9 in the class 81 70.3% 68.7% 2.19 – 18 MNOK
46 Tjøstheim Kraft AS Microno. 21 in the class 81 65.2% 78.0% 1.48 – 9 MNOK
47 Ren Energi Ramsland AS Microno. 22 in the class 81 49.6% 71.4% 2.28 – 1 MNOK
48 Helganes Kraft AS Microno. 23 in the class 81 70.9% 70.2% 1.52 – 7 MNOK
49 Horpedal Kraft AS Microno. 24 in the class 81 47.1% 80.7% 2.17 – 6 MNOK
50 Årdal Kraftlag AS Mediumno. 12 in the class 80 40.5% 51.6% 2.32 – 83 MNOK

Bankrupt or being wound up

These companies are left out of the ranking.

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.