THON HOTELS AS
The company is in the weakest quarter of its industry
The company kept -13.1 % of every krone in 2025. The median among 47 companies in drift av hoteller was 3.2 %.
Key figures 2025
- Revenue
- 536.4 m kr
- Operating profit
- -70.1 m kr
- Operating margin
- -13.1 %industry median 3.2 %
- Equity ratio
- 21.3 %industry median 24.2 %
- Revenue growth
- +16.7 %from the year before
- Equity
- 91.9 m kr
The industry
Where the company stands among 47 companies
Among 47 companies in this industry, the top third earned 12.6 % on every krone, against -8.2 % for the weakest third. The spread is 21 percentage points.
The comparison is limited to companies of roughly the same size, that is between 134.1 m kr and 2.1 bn kr in revenue. The median company in that group had revenue of 202.3 m kr.
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.
- 0.6Current ratioWorth a look
- What the company owes within the year is larger than what it holds to pay it. This is the most common reason otherwise healthy companies get into trouble. 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.
- 3.7Debt to equityWorth a look
- The debt is large against the equity, so little needs to go wrong before the company depends on its bank's goodwill. How many kroner of debt the company carries per krone of equity. Lower is safer.
- -7.9Interest coverWorth a look
- Interest consumes a large share of the operating result. How many times the operating result covers the interest the company pays.
- -83.3 m krRetained earningsWorth a look
- On balance the company has consumed more than it has earned. The paid-in capital has funded operations. How much the company has earned and kept across its whole life, beyond what the owners put in.
The gap
What the distance to the best performers amounts to
That is how much larger the operating profit would have been in 2025, had the company held the same margin as the median company in the top third of its industry (12.6 %), on the revenue it actually had. It is arithmetic on a distance, not a promise of a result.
Public contracts
Public contracts the company has won
We find 14 public contracts awarded to the company between 2022 and 2026. Total stated value is 60,237,906 euro.
| Year | Buyer | Value | Comes up again |
|---|---|---|---|
| 2026 | Vestland fylkeskommune · framework agreement | not stated | |
| 2026 | Arktisk Filharmoni AS | not stated | |
| 2026 | Stavanger Symfoniorkester Stiftelse · framework agreement | not stated | |
| 2025 | Stiftelsen Tradebroker · framework agreement | not stated | |
| 2025 | Universitetet i Oslo · framework agreement | not stated | |
| 2025 | Rogaland fylkeskommune · framework agreement | not stated | |
| 2024 | Rogaland fylkeskommune · framework agreement | not stated | |
| 2024 | Bane NOR SF · framework agreement | not stated | |
| 2023 | Statped · framework agreement | 544,414 euro | |
| 2023 | OFA - Konkurranseportal · framework agreement | 10,294,380 euro | |
| 2022 | Asker kommune | 3,148,584 euro | |
| 2022 | Politiets fellestjenester · framework agreement | 787,146 euro |
and 2 more
A value is stated on 6 of 14 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.
History
How it has developed
| Year | Revenue | Operating profit | Margin |
|---|---|---|---|
| 2025 | 536.4 m kr | -70.1 m kr | -13.1 % |
| 2023 | 459.5 m kr | -2.2 m kr | -0.5 % |
| 2022 | 410.1 m kr | 15.4 m kr | 3.7 % |
| 2021 | 258.5 m kr | 16.6 m kr | 6.4 % |
| 2020 | 196.4 m kr | -38 m kr | -19.3 % |
| 2019 | 314.5 m kr | -4.8 m kr | -1.5 % |
| 2018 | 276.8 m kr | 3.6 m kr | 1.3 % |
| 2017 | 244.4 m kr | -7.1 m kr | -2.9 % |
| 2016 | 229.5 m kr | -7.6 m kr | -3.3 % |
| 2015 | 221 m kr | -23.3 m kr | -10.5 % |
| 2014 | 203.1 m kr | 480,000 kr | 0.2 % |
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.