NACE 03.211

Margins and profitability in operation of marine fish farms

73 Norwegian companies in this industry. The median operating margin was 7.2 %, meaning what was left of revenue once every cost had been paid.

21 % of the companies in this industry posted a negative operating result that year.

In kroner

Revenue and operating profit

Revenue and operating profit
Median companyTop third
RevenueNOK 432,234,587NOK 305,356,266
Operating profitNOK 28,094,520NOK 79,737,201
Revenue per employeeNOK 9,672,579NOK 8,077,911

Revenue per employee is calculated on the 72 of 73 companies that report an employee count, as the median of the ratio within each company.

Median, not mean. A mean would be pulled up by the largest companies in the industry, and would say little about a typical one.

The distribution

What companies in the industry earned

One tenth of companies fell below -12.5 %, and one tenth above 25.0 %. That is the real spread in the industry, not an average.

Top against weakest third

Top third
19.4 %
Weakest third
-1.9 %
Spread
21 percentage points
Equity ratio
42.2 %median of 73

Geography

Where the companies are based

Where the companies are based
Storebø4
Bergen4
Eikelandsosen4
Onarheim3
Norheimsund2
Rørvik2

The six postal towns with the most companies in this industry, by registered business address.

Public contracts

Who in the industry wins public contracts

4 of 73 companies in the industry have won at least one public contract since 2022, that is 5.5 %.

Only 4 companies in the industry have won a public contract since 2022. That is too few for us to say how large they are compared with the rest.

Who puts them out to tender

The 4 contracts we find come most often from these buyers.

Who puts them out to tender
UiT Norges arktiske universitet4

Contracts come from Doffin and TED. Our collection is not complete, and TED covers only contracts above the EEA threshold, so the figures are a floor and not a full count. We say what we find, not what exists.

Questions and answers

Common questions about operation of marine fish farms

What is a normal operating margin in operation of marine fish farms?
The median operating margin was 7.2 %, meaning what was left of revenue once every cost had been paid. Half of the 73 companies in the sample were above it, and half below.
What separates the best from the weakest in operation of marine fish farms?
The top third had an operating margin of 19.4 %, against -1.9 % for the weakest. The spread is 21 percentage points, within the same industry, the same country and the same year.
How many companies are there in operation of marine fish farms in Norway?
We hold filed accounts for 73 Norwegian companies on this industry code with at least one million kroner in revenue. The real number is higher, since dormant and very small companies are excluded.
How much revenue does a company in Operation of marine fish farms generate per employee?
The median company in Operation of marine fish farms turns over NOK 9.7m per employee. The figure is calculated on the 72 of 73 companies that report an employee count.
How many are loss-making in operation of marine fish farms?
21 % of the companies in the sample posted a negative operating result.
How large is a typical company in operation of marine fish farms?
Median revenue is NOK 432.2m. Half of the companies fall between NOK 185.6m and NOK 976.9m.
How much do public contracts matter in operation of marine fish farms?
We find almost no public contracts in this industry since 2022, so public procurement appears to play little role here.

Next

Related industries

Other industries in the same group

Method. 73 companies registered on industry code 03.211 (Operation of marine fish farms) with filed accounts and at least one million kroner in revenue. The figures come from the Norwegian Register of Business Enterprises and are public. Operating margin is operating profit divided by operating revenue.

All figures are from the 2025 accounts as filed with the Brønnøysund Register Centre. The year comes from the accounting period, not from the filing date, so every company appears with the year its figures actually cover.

We show one cross-section and no trend line. Our database has broad coverage for 2024 and 2025, but only a small and non-random sample for the years before. A curve over a longer period would therefore measure who we happened to collect, not what happened in the industry.

Companies with under one million in revenue are excluded, because dormant limited companies would otherwise pull the median down. We do not publish an industry page until we hold at least 30 companies.

This is a description of an industry, not a ranking of companies. We name no individual company here.

73 companies · Brønnøysund Register Centre · Open tenders in this industry