Sector

Jordbruk og skogbruk

406 companies ranked against comparable companies in four Morning company classes. Fiscal year 2025. Source: Brønnøysund Register Centre. Methodology

Morning company class

Morning company classes are our own division by revenue, not an official standard: Micro NOK 1m–10 MNOK, Small 10 MNOK–50 MNOK, Medium 50 MNOK–500 MNOK, Large from 500 MNOK. Companies are ranked only against others in the same class, and every figure below is for the class you have chosen. What are Morning company classes?

Ranking · 2025 · Morning class Medium

Morning class Medium · 2025
#	Company	Profile	Score	Change
1	Næsbø Skog AS	Leader	86	+7
2	Fredrik Nannestad Jr AS	Leader	84	0
3	Altiskog AS	Leader	82	−4
4	H A Skajems Planteskole AS	Leader	77	−3
5	Tin Milovanovic Skogservice AS	Leader	75	−5
6	Jørgensen Skog AS	Leader	72	−12
7	Grude Gartneri AS	Leader	72	+19
8	Orre Tomater AS	Leader	71	+16
9	Mellbyes Planteskole AS	Leader	71	−4
10	Wiig Gartneri AS	Leader	70	+11
11	Jæren Gulrot AS	Leader	68	+15
12	Grimstad Planteskole AS	Leader	67	+31
13	Bru Gard AS	Leader	66	+1
14	Oddernes Gartneri AS	Leader	65	+5
15	Stangeskovene AS	Leader	65	−10
16	Frisk Salat AS	Leader	65	+11
17	Skavland Gartneri AS	Leader	65	+2
18	Sikker Skogrydding AS	Sprinter	64	+9
19	TVEITAN & Bang Tynningslag AS	Leader	59	0
20	Skjærgaarden Gartneri AS	Sprinter	59	−5
21	Snarum Gartneri AS	Steward	59	+9
22	Holth Skogsdrift AS	Leader	58	+2
23	Totengrønt AS	Builder	57	+16
24	O. Espedal Handelsgartneri AS	Sprinter	55	−21
25	Hvebergsmoen Potetpakkeri AS	Steward	51	+3
26	BJERTNÆS & Hoel AS	Sprinter	51	+6
27	Viken Østre AS	Sprinter	51	+22
28	HÅ Rugeri AS	Sprinter	51	−2
29	Hodne Gartneri AS	Sprinter	50	+26
30	Animalia AS	Steward	49	−4
31	Holm Gård AS	Builder	48	+20
32	Hanasand Gartneri AS	Steward	47	−20
33	Norsk Skogrydding AS	Builder	46	−5
34	Grønt Veksthus AS	Sprinter	45	+19
35	STEINSLAND & CO AS	Steward	44	−8
36	Johansen Skogsdrift AS	Builder	43	+14
37	Lauvsnes Gartneri AS	Steward	43	+17
38	GM Skogsdrift AS	Steward	43	−9
39	Bergknapp AS	Builder	42	+12
40	Skogplanter Østnorge AS	Sprinter	41	+5
41	BK Gartneri og Hagesenter AS	Steward	41	+5
42	Miljøgartneriet AS	Builder	40	−6
43	Skogskraft AS	Builder	36	−15
44	Lundstad Grønt AS	Builder	34	+7
45	Andersen Gartneri AS	Builder	34	+5
46	Frostagrønt AS	Sprinter	33	−19
47	J Karlsen Gartneri AS	Builder	32	+6
48	Norsk Agurk AS	Steward	31	−33
49	Ureist AS	Builder	26	−36
50	Holte Gård Drangedal AS	Builder	26	−30

Download as CSV (opens in Excel)

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 Medium

Ureist AS
From 2024 to 2025: went from a profit to a loss before tax and the equity ratio fell from 46.8% to 32.1%.
−36
Norsk Agurk AS
From 2024 to 2025: the equity ratio fell from 70.7% to 43.7% and the operating margin fell from 4.1% to 0.9%.
−33
Holte Gård Drangedal AS
From 2024 to 2025: went from a profit to a loss before tax and the equity ratio fell from 55.6% to 34.9%.
−30
Hodne Gartneri AS
From 2024 to 2025: went from a loss to a profit before tax and the operating margin rose from −0.7% to 6.3%.
+26

Summary analysis

Jordbruk og skogbruk, Morning class Medium: 57 ranked companies in fiscal year 2025.

Best in the sector: Næsbø Skog AS (score 86, operating margin 28.6%, equity ratio 76.6%). Fredrik Nannestad Jr AS (score 84, operating margin 21.0%, equity ratio 80.9%). Altiskog AS (score 82, operating margin 12.4%, equity ratio 49.0%).

Weakest in the sector: Huseby Gård AS (score 10, operating margin −1.1%, equity ratio 7.1%). Hveem Nord Østre AS (score 16, operating margin −1.0%, equity ratio 7.1%). Elstøen Salatgartneri AS (score 17, operating margin −2.2%, equity ratio −0.6%).

Worth a closer look

The median operating margin fell from 6.6% in 2024 to 6.3% in 2025 (0.3 percentage points).
The median equity ratio fell from 43.7% in 2024 to 37.6% in 2025 (6.1 percentage points).
The median revenue growth fell from 10.1% in 2024 to 8.7% in 2025 (1.4 percentage points).
The share with a loss went from 15% in 2024 to 16% in 2025.

Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made

Top lists in the sector · 2025 · Morning class Medium

The five largest companies account for 23% of the sector's revenue. Combined profit before tax for the 57 ranked companies: 359 MNOK.

Size

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

Highest revenue

Hilverda de Boer Norge AS 319 MNOK
Hvebergsmoen Potetpakkeri AS 303 MNOK
HÅ Rugeri AS 280 MNOK
Elstøen Salatgartneri AS 239 MNOK
Andersen Gartneri AS 213 MNOK

Operating revenue.

Most employees

Employees according to the Central Coordinating Register.

Highest revenue per employee

Hvebergsmoen Potetpakkeri AS 8.0 MNOK
Hilverda de Boer Norge AS 7.4 MNOK
HÅ Rugeri AS 7.0 MNOK
Altiskog AS 6.3 MNOK
Stangeskovene AS 4.3 MNOK

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

Operating result divided by operating revenue.

Largest profit

Næsbø Skog AS 44 MNOK
Stangeskovene AS 32 MNOK
HÅ Rugeri AS 26 MNOK
Altiskog AS 25 MNOK
O. Espedal Handelsgartneri AS 25 MNOK

Profit before tax.

Largest loss

Hilverda de Boer Norge AS −18 MNOK
Elstøen Salatgartneri AS −6 MNOK
Holte Gård Drangedal AS −6 MNOK
Framtre Entreprenør AS −6 MNOK
Huseby Gård AS −4 MNOK

Profit before tax, the largest negative.

Most solid

Tin Milovanovic Skogservice AS 86.9%
Stangeskovene AS 86.5%
Fredrik Nannestad Jr AS 80.9%
Næsbø Skog AS 76.6%
Bru Gard AS 70.6%

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

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

Largest revenue decline

Stangeskovene AS −19.6%
STEINSLAND & CO AS −13.6%
TVEITAN & Bang Tynningslag AS −9.0%
Huseby Gård AS −6.2%
Tin Milovanovic Skogservice AS −3.9%

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

Biggest climbers

Hodne Gartneri AS +26.1 points
Viken Østre AS +22.0 points
Grude Gartneri AS +19.0 points
Grønt Veksthus AS +18.8 points
Hilverda de Boer Norge AS +18.1 points

Change in index points from the year before.

Biggest fallers

Ureist AS −36.2 points
Norsk Agurk AS −32.8 points
Holte Gård Drangedal AS −30.8 points
Hveem Nord Østre AS −25.9 points
Hanasand Gartneri AS −20.3 points

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 · 2025 · Morning class Medium

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.

Bubble size shows relative revenue, not exact figures. Dashed lines show where the 5 companies that moved most stood in 2024 (small ring).

Elstøen Salatgartneri AS profitability 53 → 3, solidity 15 → 0
Hodne Gartneri AS profitability 7 → 58, solidity 30 → 39
TVEITAN & Bang Tynningslag AS profitability 26 → 77, solidity 72 → 75
Hveem Nord Østre AS profitability 57 → 12, solidity 6 → 4
Viken Østre AS profitability 30 → 69, solidity 28 → 50

Lion · LeaderHigh profitability, high solidity
Cheetah · SprinterHigh profitability, lower solidity
Elephant · StewardLower profitability, high solidity
Beaver · BuilderLower profitability, lower solidity

Show the positions as a list

Company	Profile	Profitability	Solidity	In 2024 (profitability / solidity)
Næsbø Skog AS	Lion	92	95	82 / 94
H A Skajems Planteskole AS	Lion	92	91	96 / 96
O. Espedal Handelsgartneri AS	Cheetah	92	46	93 / 83
Altiskog AS	Lion	90	71	84 / 81
Orre Tomater AS	Lion	88	69	–
Fredrik Nannestad Jr AS	Lion	87	96	88 / 91
Mellbyes Planteskole AS	Lion	87	89	89 / 85
Jørgensen Skog AS	Lion	86	80	89 / 77
Oddernes Gartneri AS	Lion	86	57	86 / 68
Sikker Skogrydding AS	Cheetah	85	37	–
HÅ Rugeri AS	Cheetah	84	26	80 / 34
Tin Milovanovic Skogservice AS	Lion	80	100	86 / 98
TVEITAN & Bang Tynningslag AS	Lion	77	75	26 / 72
Grude Gartneri AS	Lion	76	86	46 / 70
Jæren Gulrot AS	Lion	76	82	–
BJERTNÆS & Hoel AS	Cheetah	71	17	65 / 26
Grimstad Planteskole AS	Lion	70	77	–
Viken Østre AS	Cheetah	69	50	30 / 28
Wiig Gartneri AS	Lion	68	78	50 / 62
Holth Skogsdrift AS	Lion	66	64	61 / 60
Stangeskovene AS	Lion	65	98	51 / 100
Bru Gard AS	Lion	60	93	45 / 87
Hodne Gartneri AS	Cheetah	58	39	7 / 30
Frisk Salat AS	Lion	57	84	–
Grønt Veksthus AS	Cheetah	57	28	49 / 4
Skogplanter Østnorge AS	Cheetah	56	15	64 / 21
Frostagrønt AS	Cheetah	56	19	90 / 17
Skjærgaarden Gartneri AS	Cheetah	55	48	66 / 32
Skavland Gartneri AS	Lion	54	87	64 / 79
Holm Gård AS	Beaver	48	30	–
Snarum Gartneri AS	Elephant	46	73	52 / 53
Norsk Skogrydding AS	Beaver	46	41	66 / 43
Totengrønt AS	Beaver	46	23	–
Hvebergsmoen Potetpakkeri AS	Elephant	46	66	49 / 57
Hanasand Gartneri AS	Elephant	43	68	78 / 49
Johansen Skogsdrift AS	Beaver	38	12	30 / 11
J Karlsen Gartneri AS	Beaver	38	3	60 / 0
Lundstad Grønt AS	Beaver	36	14	46 / 19
Animalia AS	Elephant	34	55	22 / 66
Bergknapp AS	Beaver	33	33	12 / 36
Andersen Gartneri AS	Beaver	33	24	20 / 23
BK Gartneri og Hagesenter AS	Elephant	29	51	10 / 55
Lauvsnes Gartneri AS	Elephant	26	53	6 / 45
Miljøgartneriet AS	Beaver	26	44	54 / 38
STEINSLAND & CO AS	Elephant	24	60	26 / 47
Skogskraft AS	Beaver	21	21	–
GM Skogsdrift AS	Elephant	17	59	44 / 51
Norsk Agurk AS	Elephant	17	62	36 / 89
Ureist AS	Beaver	14	35	47 / 64
Hveem Nord Østre AS	Beaver	12	4	57 / 6

The sector in numbers

Summary · fiscal year 2025 · Morning class Medium

The sector's median operating margin is 6.3%. 1 of 57 companies have negative equity. The median equity ratio is 37.6%.

Companies with accounts57

Total revenue6,019 MNOK

Median operating margin6.3%

Median equity ratio37.6%

Share with a loss16%

Share with negative equity2%

All figures are for fiscal year 2025. Ranked: 57 operating companies. Holding companies, excluded companies and companies without enough data are shown but not ranked. How to read the index

Climbers and fallers · Morning class Medium

Change in rank from 2024 to 2025, for 48 companies ranked in both years.

Climbers

16Grude Gartneri ASfrom rank 23 to 772
15Hodne Gartneri ASfrom rank 44 to 2950
11Viken Østre ASfrom rank 38 to 2751
8Wiig Gartneri ASfrom rank 18 to 1070
8Grønt Veksthus ASfrom rank 42 to 3445

Fallers

36Norsk Agurk ASfrom rank 12 to 4831
34Ureist ASfrom rank 15 to 4926
31Holte Gård Drangedal ASfrom rank 19 to 5026
24Hveem Nord Østre ASfrom rank 32 to 5616
22Hanasand Gartneri ASfrom rank 10 to 3247

Awards · 2025 · Morning class Medium

Most profitableNæsbø Skog AS28.6%

Fastest growthHilverda de Boer Norge AS83.4%

Strongest balance sheetTin Milovanovic Skogservice AS86.9%

Largest revenueHilverda de Boer Norge AS319 MNOK

Highest revenue per employeeHvebergsmoen Potetpakkeri AS8.0 MNOK

Needs attention · 2025 · Morning class Medium

15 companies show at least one warning sign. Showing the 15 most important.

criticalElstøen Salatgartneri ASNegative equity · Current ratio below 1 (0.98) · Loss before tax
watchHilverda de Boer Norge ASVery low equity ratio (9.7%) · Current ratio below 1 (0.97) · Loss before tax
watchHuseby Gård ASVery low equity ratio (7.1%) · Current ratio below 1 (0.66) · Loss before tax
watchFramtre Entreprenør ASVery low equity ratio (1.5%) · Current ratio below 1 (0.45) · Loss before tax
watchHveem Nord Østre ASVery low equity ratio (7.1%) · Current ratio below 1 (1.00) · Loss before tax
watchJ Karlsen Gartneri ASVery low equity ratio (1.5%) · Current ratio below 1 (0.70)
watchLyssand Gartneri ASVery low equity ratio (9.9%) · Loss before tax
watchAndersen Gartneri ASCurrent ratio below 1 (0.86)
watchLågen Potetpakkeri ASLoss before tax
watchLundstad Grønt ASCurrent ratio below 1 (0.88)
watchNorsk Agurk ASCurrent ratio below 1 (0.73)
watchUreist ASLoss before tax
watchHolte Gård Drangedal ASLoss before tax
watchHolth Skogsdrift ASCurrent ratio below 1 (0.92)
watchGrønt Veksthus ASCurrent ratio below 1 (0.51)

Sector map · 2025 · Morning class Medium

Profitability against solidity for the ranked companies. Size shows revenue. Coral triangle: negative equity. Click to open the company. Outliers are placed on the edge.

Show the map's figures as a table

Company	Operating margin	Equity ratio	Revenue
Næsbø Skog AS	28.6%	76.6%	146 MNOK
Fredrik Nannestad Jr AS	21.0%	80.9%	60 MNOK
Altiskog AS	12.4%	49.0%	195 MNOK
H A Skajems Planteskole AS	19.8%	67.6%	60 MNOK
Tin Milovanovic Skogservice AS	16.7%	86.9%	50 MNOK
Jørgensen Skog AS	11.5%	53.4%	70 MNOK
Grude Gartneri AS	13.5%	58.9%	160 MNOK
Orre Tomater AS	10.9%	47.3%	55 MNOK
Mellbyes Planteskole AS	17.8%	66.2%	59 MNOK
Wiig Gartneri AS	8.3%	52.4%	179 MNOK
Jæren Gulrot AS	8.1%	53.9%	50 MNOK
Grimstad Planteskole AS	7.4%	50.4%	51 MNOK
Bru Gard AS	8.1%	70.6%	70 MNOK
Oddernes Gartneri AS	9.2%	41.6%	75 MNOK
Stangeskovene AS	24.7%	86.5%	78 MNOK
Frisk Salat AS	6.6%	58.8%	50 MNOK
Skavland Gartneri AS	8.1%	66.2%	86 MNOK
Sikker Skogrydding AS	10.4%	34.5%	51 MNOK
TVEITAN & Bang Tynningslag AS	12.3%	49.9%	68 MNOK
Skjærgaarden Gartneri AS	6.9%	37.6%	57 MNOK
Snarum Gartneri AS	5.1%	49.8%	63 MNOK
Holth Skogsdrift AS	7.2%	44.8%	61 MNOK
Totengrønt AS	5.8%	29.3%	51 MNOK
O. Espedal Handelsgartneri AS	23.0%	35.4%	98 MNOK
Hvebergsmoen Potetpakkeri AS	4.8%	45.0%	303 MNOK
BJERTNÆS & Hoel AS	11.3%	25.2%	188 MNOK
Viken Østre AS	7.8%	37.6%	73 MNOK
HÅ Rugeri AS	9.1%	30.1%	280 MNOK
Hodne Gartneri AS	6.3%	34.7%	63 MNOK
Animalia AS	2.4%	41.0%	198 MNOK
Holm Gård AS	5.8%	30.8%	56 MNOK
Hanasand Gartneri AS	6.4%	45.3%	100 MNOK
Norsk Skogrydding AS	4.5%	34.8%	161 MNOK
Grønt Veksthus AS	9.8%	30.6%	60 MNOK
STEINSLAND & CO AS	2.1%	43.3%	89 MNOK
Johansen Skogsdrift AS	5.9%	11.1%	91 MNOK
Lauvsnes Gartneri AS	2.7%	40.6%	63 MNOK
GM Skogsdrift AS	1.1%	42.5%	103 MNOK
Bergknapp AS	4.5%	30.9%	93 MNOK
Skogplanter Østnorge AS	10.1%	22.4%	78 MNOK
BK Gartneri og Hagesenter AS	1.2%	39.7%	75 MNOK
Miljøgartneriet AS	4.1%	35.0%	124 MNOK
Skogskraft AS	1.3%	27.6%	57 MNOK
Lundstad Grønt AS	5.7%	16.6%	127 MNOK
Andersen Gartneri AS	2.9%	29.8%	213 MNOK
Frostagrønt AS	5.0%	25.3%	89 MNOK
J Karlsen Gartneri AS	2.6%	1.5%	119 MNOK
Norsk Agurk AS	0.9%	43.7%	83 MNOK
Ureist AS	−0.2%	32.1%	75 MNOK
Holte Gård Drangedal AS	−1.9%	34.9%	68 MNOK
Lågen Potetpakkeri AS	−2.5%	30.9%	133 MNOK
Hilverda de Boer Norge AS	−6.0%	9.7%	319 MNOK
Lyssand Gartneri AS	−1.4%	9.9%	68 MNOK
Framtre Entreprenør AS	−1.2%	1.5%	64 MNOK
Elstøen Salatgartneri AS	−2.2%	−0.6%	239 MNOK
Hveem Nord Østre AS	−1.0%	7.1%	55 MNOK
Huseby Gård AS	−1.1%	7.1%	166 MNOK

Holding and investment companies · 2025

18 companies in the sector are holding or investment companies. They are kept out of the ranking above, since revenue, margins and growth say little about a company that lives from ownership. They are ranked on their own here: 5 have at least 10 MNOK in assets and are listed.

Holding and investment companies
Rank	Company	Score	Equity ratio	Return on assets	Current ratio	Total assets
1	Torbjørn Mellbye 2 Holding AS	94	100.0%	34.1%	–	13 MNOK
2	Sydsæther Holding AS	60	84.4%	17.1%	11.36	67 MNOK
3	Lyngstad Holding AS	56	100.0%	13.6%	–	41 MNOK
4	Klingsheim Holding AS	30	79.5%	16.0%	3.29	12 MNOK
5	Hildenes Gartneri Holding AS	20	96.0%	0.6%	0.72	14 MNOK

Score 0–100 against the other holding companies in the sector: equity ratio 40 %, return on assets 40 % and current ratio 20 %. Methodology

In our articles

Finance earns 58.3% on operations; the typical Norwegian industry makes 5.7%No. 9 of 22 on median operating margin

All articles

Scenario analysis: the sector's weakest year

The sector's weakest year was 2023, with a median operating margin of 5.8%.

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

Fiscal year	Median operating margin	Median equity ratio
2019	–	–
2020	–	–
2021	–	–
2022	48.5%	33.2%
2023 · weakest year	5.8%	44.2%
2024	6.9%	46.4%
2025	5.9%	43.8%

In 2023, 182 ranked companies did better than the sector, 98 about the same and 96 weaker.

Held up best in 2023

1Humlestad Østre ASequity ratio 29.3%96.5%
2AS LISTER SKOGANLÆGequity ratio 51.2%82.2%
3Statskog Børresen ASequity ratio 98.3%78.7%
4Ghs Eiendom ASequity ratio 16.5%74.8%
5Eikland Øko ASequity ratio 42.7%74.5%
6Modell og Metall ASequity ratio 35.4%73.8%
7Ste Eiendom ASequity ratio 30.6%73.1%
8Byrkjeland Drift ASequity ratio 52.6%72.1%
9Nubberud Skogsdrift ASequity ratio 54.8%65.6%
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
Measure	2021	2022	2023	2024	2025	2026
Consumer price index, annual average	84.3	89.2	94.1	97.0	100.0	102.9 (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%	5.8%	6.9%	5.9%	–

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
Measure	2021	2022	2023	2024	2025	2026
EUR/NOK, annual average	10.16	10.10	11.42	11.62	11.72	11.04 (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%	5.8%	6.9%	5.9%	–

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
Measure	2021	2022	2023	2024	2025	2026
Policy rate, annual average	0.08	1.32	3.54	4.50	4.30	4.17 (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%	5.8%	6.9%	5.9%	–

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

When policy rate fell in 2025, 196 of 397 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).

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

Ystgård Gartneri og Blomster AS 989795562 Bankruptcy · 3 November 2026 · 7 MNOK (2025)
Den Grønne Nabo AS 926610643 Voluntary liquidation · 31 October 2026 · 0 MNOK (2025)
Eskilt AS 992106565 Voluntary liquidation · 31 October 2026 · 0 MNOK (2025)
Grøde Grønt AS 993372749 Forced dissolution · 31 October 2026
Norwegian Forestry Group AS 977298008 Voluntary liquidation · 31 October 2026 · 6 MNOK (2025)
Svanajord Skogsdrift AS 933249727 Voluntary liquidation · 31 October 2026 · 1 MNOK (2025)
Fetterne AS 934547489 Voluntary liquidation · 30 October 2026 · 0 MNOK (2025)
H.E. Dalland AS 924554959 Voluntary liquidation · 30 October 2026 · 1 MNOK (2025)

All bankruptcies and liquidations in the sector

Industry codes (NACE)

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