22 March 2023 at 08:51 Lower revenues and profit in Norgesgruppen The country’s largest grocery group Norgesgruppen had revenues of NOK 102.7 billion in 2022. The profit after tax was NOK 2.85 billion. The profit margin was 2.8 per cent. Both the income and the result were lower than the previous year. In 2021, Norgesgruppen had revenues of NOK 103.1 billion and achieved a profit before tax of NOK 4.9 billion. After paying around one billion in tax, the result after tax was 3.9 billion. The profit margin in 2021 was 3.8 per cent. In 2022, Norgesgruppen had a market share of just over 43 per cent in the Norwegian grocery market.
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