HAY GROUP AS

Key figures 2024

Revenue

51 m kr

Operating profit

14.6 m kr

Operating margin

28.5 %industry median 5.1 %

Equity ratio

45.3 %industry median 34.1 %

Equity

38.6 m kr

The industry

Where the company stands among 216 companies

Among 216 companies in this industry, the top third earned 16.7 % on every krone, against -2.5 % for the weakest third. The spread is 19 percentage points.

The comparison is limited to companies of roughly the same size, that is between 12.8 m kr and 204.2 m kr in revenue. The median company in that group had revenue of 30.5 m kr.

See the full picture for business and other management consultancy activities

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.

1.8Current 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.

1.2Debt to equitySound

The debt is manageable against the equity. How many kroner of debt the company carries per krone of equity. Lower is safer.

40.4Interest coverStrong

Interest is a small part of what the company earns. How many times the operating result covers the interest the company pays.

22.1 m krRetained earningsStrong

The company has earned back more than was put in. How much the company has earned and kept across its whole life, beyond what the owners put in.

The gap

The company is already above the top third

The margin is 11.9 percentage points higher than the median of the top third of the industry (16.7 %). There is no profitability gap to close. The question is rather whether something is holding growth back, or whether there is time and work to free up in operations.

Public contracts

Public contracts the company has won

We find no public contracts awarded to the company since 2022. 8.9 % of companies in bedriftsrådgivning og annen administrativ rådgivning have won at least one in the same period.

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).

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.