Strong increase in operating profit
The operating profit of joint-stock companies in the road goods transport industry increased by 24 per cent from 2005 to 2006. The operating profit margin only increased by 0.7 per cent from 4.5 to 5.2 per cent.
The 2 404 joint-stock companies in road goods transport had an operating income of NOK 24 300 million in 2006, an increase of 7.2 per cent compared to the previous year. Operating costs amounted to NOK 23 100 million. The operating profit was NOK 1 260 million, an increase of 24 per cent compared to the previous year.
Low operating profit margin
On average, joint-stock companies in road goods transport had a lower operating profit margin than other joint-stock companies in business and industry in 2006. The operating profit margin in road goods transport was 5.2 per cent in 2006, compared to 8.3 per cent for all non-financial joint-stock companies excluding oil and gas companies. The profit margin in 2006 increased by 0.7 per cent, compared to no increase in 2005.
High return on equity, strong decrease in liabilities
The return on equity in road goods transport was 32.1 per cent in 2006, compared to 19.4 per cent for all non-financial joint-stock companies in mainland Norway. The equity ratio for all joint-stock companies in mainland Norway in 2006 was about 40 per cent, compared to 23.4 per cent for companies in road goods transport. The equity capital in road goods transport fell by NOK 135 million from 2005. However, the industry also experienced a strong decrease in liabilities during the same period, amounting to NOK 1 300 million. Of these, NOK 1 100 million was long-term liabilities.
Hordaland companies reported best results
Companies in Hordaland county had the highest operating profit margin in road goods transport with 7.6 per cent. Hordaland was followed by Finnmark with 7 per cent. Akershus companies reported the weakest results with a profit margin of 3.1 per cent.
Accounting figures for road goods transport are based on the same data as the general accounting statistics. Accounts statistics cover all companies that are obliged to report figures and have submitted annual accounts at the time Statistics Norway collects the data. The figures for 2006 are preliminary.
The statistics is publised with Accounting statistics for non-financial limited companies.