Margins and profitability in production of electricity from hydropower

Production of electricity from hydropowerNACE 35.121

34 Norwegian companies in this industry. The median company kept 32.6 % of every krone.

18 % of the companies in this industry posted a negative operating result that year.

The distribution

What companies in the industry earned

One tenth of companies fell below -28.6 %, and one tenth above 71.8 %. That is the real spread in the industry, not an average.

Top against weakest third

Top third
59.6 %
Weakest third
-10.8 %
Spread
70 percentage points
Equity ratio
51.7 %median of 33

Public contracts

Who in the industry wins public contracts

3 of 34 companies in the industry have won at least one public contract since 2022, that is 8.8 %.

Only 3 companies in the industry have won a public contract since 2022. That is too few for us to say how large they are compared with the rest.

The 3 contracts we find come most often from these buyers.

  • Ørland kommune1
  • Saltdal kommune1
  • TRV Gruppen AS---Tempevegen 25 AS1

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 production of electricity from hydropower

What is a normal operating margin in production of electricity from hydropower?
The median company kept 32.6 % of every krone. That means half of the 34 companies in the sample were above it, and half below.
What separates the best from the weakest in production of electricity from hydropower?
The top third kept 59.6 % of every krone, against -10.8 % for the weakest third. The spread is 70 percentage points, and that is within the same industry, the same country and the same year.
How many companies are there in production of electricity from hydropower in Norway?
We hold filed accounts for 34 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 many are loss-making in production of electricity from hydropower?
18 % of the companies in the sample posted a negative operating result.
How large is a typical company in production of electricity from hydropower?
Median revenue is 492.2 m kr. Half of the companies fall between 185.4 m kr and 2.3 bn kr.
How much do public contracts matter in production of electricity from hydropower?
We find almost no public contracts in this industry since 2022, so public procurement appears to play little role here.

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Related industries

Other industries in the same group

Method. 34 companies registered on industry code 35.121 (Production of electricity from hydropower) with filed accounts and at least one million kroner in revenue. The figures come from the Norwegian Register of Business Enterprises and are public. Operating margin is operating profit divided by operating revenue.

Each company appears with the most recent accounts we hold for it. For the great majority that is the 2024 filing. Around eight per cent had already filed for 2025 when we collected, and for those the 2025 figures apply. We therefore write "latest accounts" rather than naming a single year.

We show one cross-section and no trend line. Our database has broad coverage for the most recent accounting year, but only a small and non-random sample for earlier years. A curve over time would therefore measure who we happened to collect, not what happened in the industry.

Companies with under one million in revenue are excluded, because dormant limited companies would otherwise pull the median down. We do not publish an industry page until we hold at least 30 companies.

This is a description of an industry, not a ranking of companies. We name no individual company here.

Ohmsyn is built by Erik Harry Høydal.