Sector

0 companies ranked against comparable companies in four Morning company classes. Fiscal year 2021. Source: Brønnøysund Register Centre. Methodology

Ranking · 2021 · Morning class Micro

No ranked companies in this class this year.

The rank is the rank in the class. A class with fewer than ten companies is compared with the whole sector. Full ranking · Press mode

Biggest moves · Morning class Micro

Climbers and fallers need at least two fiscal years with a score. Coming when next year's figures are fetched.

Top lists in the sector · 2021 · Morning class Micro

Size

The largest by revenue and employees, and who earns the most per employee.

Highest revenue

No company meets the requirement this year.

Operating revenue.

Most employees

No company meets the requirement this year.

Employees according to the Central Coordinating Register.

Highest revenue per employee

No company meets the requirement this year.

Only companies with at least 5 employees.

Profit and balance

Who earns the most, who loses the most, and who has the strongest balance sheet.

Highest operating margin

No company meets the requirement this year.

Operating result divided by operating revenue.

Largest profit

No company meets the requirement this year.

Profit before tax.

Largest loss

No company meets the requirement this year.

Profit before tax, the largest negative.

Most solid

No company meets the requirement this year.

Equity ratio: equity divided by total assets.

Growth and movement

Who grows and falls the most in revenue, and who has climbed or fallen the most on the index since the year before.

Fastest growth

No company meets the requirement this year.

Revenue growth from the year before, only from at least NOK 10 million in revenue.

Largest revenue decline

No company meets the requirement this year.

Revenue decline from the year before, only from at least NOK 10 million in revenue.

Biggest climbers

Requires an index for two financial years.

Change in index points from the year before.

Biggest fallers

Requires an index for two financial years.

Change in index points from the year before.

The lists cover ranked companies in the class: operating companies with at least NOK 1m in revenue, without holding companies and excluded ones. Size lists (revenue, profit, employees) count each group once. Source: Brønnøysund Register Centre. Amounts in other currencies are converted at Norges Bank's rates.

Quadrant analysis

Positions in the sector · 2021 · Morning class Micro

Each company is placed by profitability and solidity, measured as a place from 0 to 100 against the others in the same sector and Morning company class. The bubble shows revenue. Hover over or tap a bubble for the figures, filter by profile or search for a company.

Too few ranked companies to draw the map.

The sector in numbers

Summary · fiscal year 2021 · Morning class Micro

0 of 2 companies have negative equity.

Companies with accounts2
Total revenue1 MNOK
Median operating margin–
Median equity ratio–
Share with a loss0%
Share with negative equity0%

All figures are for fiscal year 2021. Ranked: 0 operating companies. Holding companies, excluded companies and companies without enough data are shown but not ranked. How to read the index

  • Growth is not included in the index: it needs the previous year's accounts.
  • Consistency is not included in the index: it needs accounts for several years.

Climbers and fallers · Morning class Micro

Climbers need at least two fiscal years. They appear once next year's accounts are fetched or history is imported.

Needs attention · 2021 · Morning class Micro

No company has negative equity, a loss or weak liquidity.

Sector map · 2021 · Morning class Micro

Too few ranked companies to draw the map.

In our articles

All articles

Scenario analysis: the sector's weakest year

The sector's weakest year was 2023, with a median operating margin of 6.0%.

Based on the 7 fiscal years we have. The analysis grows as more years are fetched or imported.

Fiscal yearMedian operating marginMedian equity ratio
2019––
2020––
2021––
202248.5%33.2%
2023 · weakest year6.0%44.0%
20247.1%45.4%
20256.1%43.6%

In 2023, 172 ranked companies did better than the sector, 88 about the same and 93 weaker.

Held up best in 2023

  1. 1Humlestad Østre ASequity ratio 29.3%96.5%
  2. 2AS LISTER SKOGANLÆGequity ratio 51.2%82.2%
  3. 3Statskog Børresen ASequity ratio 98.3%78.7%
  4. 4Ghs Eiendom ASequity ratio 16.5%74.8%
  5. 5Eikland Øko ASequity ratio 42.7%74.5%
  6. 6Modell og Metall ASequity ratio 35.4%73.8%
  7. 7Ste Eiendom ASequity ratio 30.6%73.1%
  8. 8Byrkjeland Drift ASequity ratio 52.6%72.1%
  9. 9Nubberud Skogsdrift ASequity ratio 54.8%65.6%
  10. 10Kringsjå Samdrift ASequity ratio 84.9%64.0%

Better than the sector: operating margin at or above the sector median and no loss or negative equity. Weaker: operating margin below the median and a loss or negative equity. Otherwise about the same as the sector. Methodology

Drivers in the sector

Interest rates, prices and exchange rates that shape the sector's year, next to the sector's median operating margin. The drivers are context and are not part of the index.

Consumer price index (indeks (2025 = 100))

Latest value: 104.0 (2026M09)

Consumer price index rose 3.0% in 2025; the sector's median operating margin fell 1.0 percentage points.

Consumer price index per year and the sector's median operating margin
Measure202120222023202420252026
Consumer price index, annual average84.389.294.197.0100.0102.9 (so far)
Change from the year before+3.5%+5.8%+5.5%+3.2%+3.0%+2.9%
Sector's median operating margin–48.5%6.0%7.1%6.1%–

Source: SSB (14710, CC BY 4.0). Source · fetched 3 November 2026

EUR/NOK (kr)

Latest value: 10.59 (2026-10)

EUR/NOK rose 0.8% in 2025; the sector's median operating margin fell 1.0 percentage points.

EUR/NOK per year and the sector's median operating margin
Measure202120222023202420252026
EUR/NOK, annual average10.1610.1011.4211.6211.7211.04 (so far)
Change from the year before−5.2%−0.6%+13.1%+1.8%+0.8%−5.8%
Sector's median operating margin–48.5%6.0%7.1%6.1%–

Source: Norges Bank (EXR, NLOD 2.0). Source · fetched 3 November 2026

Policy rate (prosent)

Latest value: 4.50 (2026-10)

Policy rate fell 0.20 percentage points in 2025; the sector's median operating margin fell 1.0 percentage points.

Policy rate per year and the sector's median operating margin
Measure202120222023202420252026
Policy rate, annual average0.081.323.544.504.304.17 (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
Sector's median operating margin–48.5%6.0%7.1%6.1%–

Source: Norges Bank (IR, NLOD 2.0). Source · fetched 3 November 2026

When policy rate fell in 2025, 185 of 374 ranked companies kept their operating margin at or above the year before. Among the largest: Hvebergsmoen Potetpakkeri AS (4.3% → 4.8%), Andersen Gartneri AS (2.0% → 2.9%), Animalia AS (0.9% → 2.4%), BJERTNÆS & Hoel AS (10.1% → 11.3%), Wiig Gartneri AS (6.6% → 8.3%).

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.

The sector in Norway (SSB)

The whole industry as Statistics Norway counts it: every enterprise, not only the limited companies we rank. Use these figures as background for the ranking above.

Bankruptcies in the industry

26 enterprise bankruptcies in the last four quarters (2025K4–2026K3). Change +52.9% against the four quarters before (17).

62024K412025K132025K272025K3122025K482026K132026K232026K3

Source: Statistics Norway (SSB), table 10790. CC BY 4.0. Our industry codes (SN2025) are linked to SSB’s (SN2007) with SSB’s correspondence table in Klass.

Latest bankruptcies and liquidations

All bankruptcies and liquidations in the sector

Industry codes (NACE)

CodeDescription
01*Hele hovedgruppe 01
01.110Dyrking av korn, unntatt ris, belgvekster og oljeholdige vekster
01.130Dyrking av grønnsaker, meloner, rot- og knollvekster
01.150Dyrking av tobakk
01.160Dyrking av fibervekster
01.190Dyrking av ettårige vekster ellers
01.210Dyrking av druer
01.240Dyrking av kjernefrukter og steinfrukter
01.250Dyrking av annen frukt som vokser på trær eller busker samt nøtter
01.270Dyrking av vekster for produksjon av drikkevarer
01.280Dyrking av krydder og aromatiske, medisinske og farmasøytiske vekster
01.290Dyrking av flerårige vekster ellers
01.300Planteformering
01.410Melkeproduksjon på storfe og oppdrett av melkekyr
01.420Oppdrett av annet storfe til kjøttproduksjon og sædproduksjon
01.430Hestehold
01.440Oppdrett av kameler og andre kameldyr
01.451Sauehold
01.452Geitehold
01.460Svinehold
01.471Hold av verpehøner for konsumeggproduksjon
01.479Annet fjørfehold
01.481Reindrift
01.489Husdyrhold ikke nevnt annet sted
01.500Kombinert husdyrhold og planteproduksjon
01.610Tjenester tilknyttet planteproduksjon
01.620Tjenester tilknyttet husdyrhold
01.630Etterbehandling av vekster etter innhøsting og behandling av såfrø
01.700Jakt, fangst, viltstell og tilknyttede tjenester
02*Hele hovedgruppe 02
02.100Skogskjøtsel og andre skogbruksaktiviteter
02.200Avvirkning
02.300Innsamling av viltvoksende produkter av annet enn tre
02.400Tjenester tilknyttet skogbruk