NACE 43.222
Margins and profitability in refrigeration installation, heat pump installation and installation of fireplaces
378 Norwegian companies in this industry. The median operating margin was 5.2 %, meaning what was left of revenue once every cost had been paid.
25 % of the companies in this industry posted a negative operating result that year.
In kroner
Revenue and operating profit
| Median company | Top third | |
|---|---|---|
| Revenue | NOK 5,299,329 | NOK 5,799,434 |
| Operating profit | NOK 227,020 | NOK 842,170 |
| Revenue per employee | NOK 1,997,784 | NOK 2,145,802 |
Revenue per employee is calculated on the 143 of 378 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 -5.7 %, and one tenth above 18.1 %. That is the real spread in the industry, not an average.
Top against weakest third
- Top third
- 14.2 %
- Weakest third
- -2.4 %
- Spread
- 17 percentage points
- Equity ratio
- 34.1 %median of 378
Size
Profitability by size
| Revenue | Companies | Median operating margin |
|---|---|---|
| 1 to 5 m | 186 | 3.8 % |
| 5 to 20 m | 119 | 5.7 % |
| 20 to 100 m | 62 | 6.0 % |
| over 100 m | 11 | 6.4 % |
Companies are split into revenue bands, with the median margin in each. Bands with fewer than ten companies are omitted, because the median becomes too unstable to show.
Geography
Where the companies are based
| Oslo | 26 | |
| Kristiansand S | 7 | |
| Sandnes | 5 | |
| Drammen | 5 | |
| Stord | 5 | |
| Bodø | 5 |
The six postal towns with the most companies in this industry, by registered business address.
Public contracts
Who in the industry wins public contracts
17 of 378 companies in the industry have won at least one public contract since 2022, that is 4.5 %.
Those that win have median revenue of NOK 42m, against NOK 4.8m for those that do not. That is 8.8× as much. It describes who wins, not evidence that contracts make companies large; large companies also find it easier to bid.
Who puts them out to tender
The 35 contracts we find come most often from these buyers.
| Vestland fylkeskommune | 5 | |
| Forsvarsbygg | 2 | |
| Steinkjer kommune | 2 | |
| NTNU | 2 | |
| Vestby kommune | 2 |
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 refrigeration installation, heat pump installation and installation of fireplaces
- What is a normal operating margin in refrigeration installation, heat pump installation and installation of fireplaces?
- The median operating margin was 5.2 %, meaning what was left of revenue once every cost had been paid. Half of the 378 companies in the sample were above it, and half below.
- What separates the best from the weakest in refrigeration installation, heat pump installation and installation of fireplaces?
- The top third had an operating margin of 14.2 %, against -2.4 % for the weakest. The spread is 17 percentage points, within the same industry, the same country and the same year.
- How many companies are there in refrigeration installation, heat pump installation and installation of fireplaces in Norway?
- We hold filed accounts for 378 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 Refrigeration installation, heat pump installation and installation of fireplaces generate per employee?
- The median company in Refrigeration installation, heat pump installation and installation of fireplaces turns over NOK 2m per employee. The figure is calculated on the 143 of 378 companies that report an employee count.
- How many are loss-making in refrigeration installation, heat pump installation and installation of fireplaces?
- 25 % of the companies in the sample posted a negative operating result.
- How large is a typical company in refrigeration installation, heat pump installation and installation of fireplaces?
- Median revenue is NOK 5.3m. Half of the companies fall between NOK 2.5m and NOK 13.7m.
- How much do public contracts matter in refrigeration installation, heat pump installation and installation of fireplaces?
- 17 of 378 companies, that is 4.5 %, have won at least one public contract since 2022. They have median revenue of NOK 42m, against NOK 4.8m for the rest.
Next
- ToolsTools and systems in refrigeration installation, heat pump installation and installation of fireplaces
- Open tenders in this industryNotices with a deadline still ahead, collected from Doffin and TED every morning.
- Check a companyEnter the name and see operating margin, equity and public contracts measured against everyone else in the same industry.
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