HOLGER HARTMANN AS
The company is among the top 10 per cent in its industry
The company kept 14.8 % of every krone in 2025. The median among 151 companies in engroshandel med maskiner og utstyr ellers was 5.3 %.
Key figures 2025
- Revenue
- 228.9 m kr
- Operating profit
- 33.8 m kr
- Operating margin
- 14.8 %industry median 5.3 %
- Equity ratio
- 25.4 %industry median 33.5 %
- Revenue growth
- +33.7 %from the year before
- Equity
- 27.7 m kr
The industry
Where the company stands among 151 companies
Among 151 companies in this industry, the top third earned 12.8 % on every krone, against 1.2 % for the weakest third. The spread is 12 percentage points.
The comparison is limited to companies of roughly the same size, that is between 57.2 m kr and 915.6 m kr in revenue. The median company in that group had revenue of 166.1 m kr.
See the full picture for wholesale of other machinery and equipment
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.
- 1.2Current 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.
- 2.9Debt to equitySound
- The debt is manageable against the equity. How many kroner of debt the company carries per krone of equity. Lower is safer.
- 98.8Interest coverStrong
- Interest is a small part of what the company earns. How many times the operating result covers the interest the company pays.
- 26.7 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 2.0 percentage points higher than the median of the top third of the industry (12.8 %). 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 10 public contracts awarded to the company between 2023 and 2026. Total stated value is 4.3 m kr.
| Year | Buyer | Value | Comes up again |
|---|---|---|---|
| 2026 | Helse Sør-Øst RHF | not stated | |
| 2026 | Statsbygg | 4.3 m kr | |
| 2026 | Ntnu | not stated | |
| 2025 | Universitetet i Stavanger | not stated | |
| 2025 | Universitetet i Oslo | not stated | |
| 2025 | Ntnu | not stated | |
| 2025 | Ntnu | not stated | |
| 2024 | Universitetet I Bergen | not stated | |
| 2024 | Norges miljø- og biovitenskapelige universitet | not stated | |
| 2023 | Universitetet i Oslo | 1 kr |
A value is stated on 2 of 10 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 | 228.9 m kr | 33.8 m kr | 14.8 % |
| 2023 | 171.2 m kr | 28.4 m kr | 16.6 % |
| 2022 | 123.3 m kr | 14.3 m kr | 11.6 % |
| 2021 | 98.1 m kr | 4.2 m kr | 4.3 % |
| 2020 | 116.3 m kr | 5.9 m kr | 5.1 % |
| 2019 | 110.4 m kr | 5.6 m kr | 5.1 % |
| 2018 | 118.4 m kr | 9.3 m kr | 7.9 % |
| 2017 | 96.9 m kr | 5.2 m kr | 5.4 % |
| 2016 | 98.9 m kr | 8.4 m kr | 8.4 % |
| 2015 | 98.9 m kr | 5.1 m kr | 5.2 % |
| 2014 | 115.1 m kr | 14.7 m kr | 12.8 % |
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.