MANPOWER AS
The company is in the weakest quarter of its industry
The company kept -0.8 % of every krone in 2025. The median among 271 companies in utleie av arbeidskraft og andre personaladministrative tjenester was 1.8 %.
Key figures 2025
- Revenue
- 1.7 bn kr
- Operating profit
- -13.7 m kr
- Operating margin
- -0.8 %industry median 1.8 %
- Equity ratio
- 38.5 %industry median 14.6 %
- Revenue growth
- -3.0 %from the year before
- Equity
- 318.6 m kr
The industry
Where the company stands among 271 companies
Among 271 companies in this industry, the top third earned 6.3 % on every krone, against -1.8 % for the weakest third. The spread is 8 percentage points.
We did not find enough companies of roughly the same size to compare within a size band, so this is the whole industry regardless of size. The median company had revenue of 55.8 m kr, against 1.7 bn kr here. Read the position with that in mind.
See the full picture for temporary employment agency activities and other human resource provisions
How the company stands
Margin says how it went, the balance sheet says how the company stands
Two companies on the same margin can be in entirely different situations. These figures come from the balance sheet and say something about how well the company would take a bad quarter.
- 1.6Current ratioSound
- The company covers what falls due, but without much room. How many kroner the company holds in current assets for every krone falling due within the year. Below 1 means the bills coming due are larger than what there is to pay them with.
- 1.6Debt to equitySound
- The debt is manageable against the equity. How many kroner of debt the company carries per krone of equity. Lower is safer.
- -1.2Interest coverWorth a look
- Interest consumes a large share of the operating result. How many times the operating result covers the interest the company pays.
- 135 m krRetained earningsSound
- The company has earned money over time, but less than was put in. How much the company has earned and kept across its whole life, beyond what the owners put in.
Public contracts
Public contracts the company has won
We find 35 public contracts awarded to the company between 2022 and 2026. Total stated value is 219.3 m kr.
| Year | Buyer | Value | Comes up again |
|---|---|---|---|
| 2026 | Vestfold fylkeskommune · framework agreement | not stated | |
| 2026 | Bergen kommune - Innkjøp konsern · framework agreement | not stated | |
| 2026 | Oslo Kommune v/ Økonomi- Og Forvaltningsetaten · framework agreement | not stated | |
| 2026 | Norges Handelshøyskole · framework agreement | not stated | |
| 2026 | Oslo kommune v/ Økonomi- og forvaltningsetaten · framework agreement | not stated | |
| 2026 | Universitetet I Bergen · framework agreement | not stated | |
| 2025 | Stiftelsen Tradebroker · framework agreement | not stated | |
| 2025 | Norges miljø- og biovitenskapelige universitet · framework agreement | not stated | |
| 2025 | Bodø Kommune · framework agreement | not stated | |
| 2025 | Randaberg kommune | not stated | |
| 2025 | Ålesund kommune · framework agreement | 16.9 m kr | |
| 2025 | Sandnes kommune · framework agreement | not stated |
and 23 more
A value is stated on 7 of 35 contracts. The total covers only those.
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.
Contract values are reported in euro and converted to kroner at the Norges Bank rate of 10.79 (2026-09-16).
History
How it has developed
| Year | Revenue | Operating profit | Margin |
|---|---|---|---|
| 2025 | 1.7 bn kr | -13.7 m kr | -0.8 % |
| 2024 | 1.7 bn kr | -28.7 m kr | -1.7 % |
| 2023 | 1.9 bn kr | -5.2 m kr | -0.3 % |
| 2022 | 2.3 bn kr | 15 m kr | 0.6 % |
| 2021 | 2.4 bn kr | 101,000 kr | 0.0 % |
| 2020 | 2.2 bn kr | 16.4 m kr | 0.7 % |
| 2019 | 2.3 bn kr | 7.1 m kr | 0.3 % |
| 2018 | 2 bn kr | 9.3 m kr | 0.5 % |
| 2017 | 2.1 bn kr | -732,000 kr | 0.0 % |
| 2016 | 1.9 bn kr | -14.3 m kr | -0.7 % |
| 2015 | 2 bn kr | -671,000 kr | 0.0 % |
Next step
The figures say where the company stands, not why
The accounts show the result of how the company is run, but say nothing about where in the working day the time and the money disappear. That is only found by walking through the flow itself, from the job coming in to the money being on the account.