May 2026
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Largest Food & Beverages Public Companies in Norway
Benchmark revenue and EBITDA valuation multiples for public comps like
Mowi, Orkla, Leroy Seafood Group and Aker BioMarine.
 | Mowi ASA is a Norway-based producer of farmed salmon, distributing salmon and other processed seafood globally. The company focuses on producing high-quality fish by producing its fish eggs and nurturing the fish in the early stages of their life. It operates in three business segments: Feed, Farming, and Sales & Marketing. Fish feed production comprises its two feed plants in Norway and Scotland. Farming includes a single operating segment composed of farming operations in Norway, Scotland, Canada, Chile, Ireland, the Faroe Islands, and Iceland, and Sales and Marketing is composed of two operating segments: Markets and Consumer Products. A majority of the company's revenue is generated from the Sales and Marketing business. Geographically, it derives maximum revenue from Europe. | $22 | +6% | $11B | $15B | 2.2x | 9.2x | ||
| Orkla ASA is a branded consumer goods company, originally from Norway. Its segments include Orkla Foods, Orkla Food Ingredients, Orkla Snacks, Orkla Health, Orkla India, Orkla Home & Personal Care, The European Pizza, Orkla House Care, Health and Sports Nutrition Group, Pierre Robert Group, and Lilleborg. It generates the majority of its revenue from Norway. | $10 | -9% | $10B | $12B | 1.5x | 8.5x | ||
| Leroy Seafood Group ASA is a seafood producer, originally from Norway. The company's core activities are distribution, sale, and marketing of seafood, processed seafood, salmon, fjord trout, cod, saithe, mackerel, herring, sushi, shellfish, and other species. Leroy Seafood Group serves hotels, restaurants, and retail segments with fresh, frozen, smoked, and marinated seafood products. Its main brands are Aurora Salmon, Artic Supreme, Fossen Fjord Fish, Leroj Fjord Trout, Leroy Sushi, and Leroy King Crab. | $5 | -6% | $3B | $4B | 1.0x | 8.4x | ||
| Aker BioMarine ASA is a supplier of krill-derived products, with a fully owned supply chain. The operations of the company span from harvesting krill in Antarctica with vessels owned by the company including distribution from Uruguay, and further processing of the krill into oil products in the United States. The segments of the company include Human Health Ingredients, Consumer Health Ingredients, and Emerging Businesses. The company generates the majority of its revenue from the Human Health Ingredients segment, which includes Superba, Lysoveta, PL+ Algae, and the company's Houston manufacturing plant. The segment sells B2B krill oil supplements to nutritional brands for humans around the world. | $12 | +87% | $1B | $1B | 5.5x | 28.1x | ||
| Median | $11 | 0% | $7B | $8B | 1.9x | 8.9x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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