Margins and profitability in refrigeration installation, heat pump installation and installation of fireplaces

Refrigeration installation, heat pump installation and installation of fireplacesNACE 43.222

394 Norwegian companies in this industry. The median company kept 4.5 % of every krone.

27 % 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 -7.5 %, and one tenth above 18.5 %. That is the real spread in the industry, not an average.

Top against weakest third

Top third
14.3 %
Weakest third
-3.1 %
Spread
17 percentage points

Size

Profitability by size

Profitability by size
RevenueCompaniesMedian operating margin
1 to 5 m1963.3 %
5 to 20 m1275.1 %
20 to 100 m636.9 %

Companies are split into revenue bands, with the median margin in each. Bands with fewer than ten companies are omitted, because the median becomes too unstable to show.

Geography

Where the companies are based

  • Oslo26
  • Kristiansand S7
  • Haugesund6
  • Sandnes5
  • Drammen5
  • Stord5

The six postal towns with the most companies in this industry, by registered business address.

Public contracts

Who in the industry wins public contracts

17 of 394 companies in the industry have won at least one public contract since 2022, that is 4.3 %.

Those that win have median revenue of 30.2 m kr, against 4.7 m kr for those that do not. That is 6.4× as much. Note that this describes who wins, not evidence that contracts make companies large; large companies also find it easier to bid.

The 33 contracts we find come most often from these buyers.

  • Vestland fylkeskommune4
  • Drammen Eiendom KF2
  • Forsvarsbygg2
  • Moss Kommunale Eiendomsselskap KF2
  • Ntnu2

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 refrigeration installation, heat pump installation and installation of fireplaces

What is a normal operating margin in refrigeration installation, heat pump installation and installation of fireplaces?
The median company kept 4.5 % of every krone. That means half of the 394 companies in the sample were above it, and half below.
What separates the best from the weakest in refrigeration installation, heat pump installation and installation of fireplaces?
The top third kept 14.3 % of every krone, against -3.1 % for the weakest third. The spread is 17 percentage points, and that is within the same industry, the same country and the same year.
How many companies are there in refrigeration installation, heat pump installation and installation of fireplaces in Norway?
We hold filed accounts for 394 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 refrigeration installation, heat pump installation and installation of fireplaces?
27 % of the companies in the sample posted a negative operating result.
How large is a typical company in refrigeration installation, heat pump installation and installation of fireplaces?
Median revenue is 5.1 m kr. Half of the companies fall between 2.4 m kr and 13.3 m kr.
How much do public contracts matter in refrigeration installation, heat pump installation and installation of fireplaces?
17 of 394 companies, that is 4.3 %, have won at least one public contract since 2022. They have median revenue of 30.2 m kr, against 4.7 m kr for the rest.

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Related industries

Other industries in the same group

Method. 394 companies registered on industry code 43.222 (Refrigeration installation, heat pump installation and installation of fireplaces) 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.