Urgent.News

What's breaking now, across thousands of outlets.

Business

Bilutleie konkurs etter 32 år: – Eneste forsvarlige

En av de største aktørene på Hønefoss og i Innlandet kaster kortene.

Bilutleie konkurs etter 32 år: – Eneste forsvarlige

Fjelldal Bilutleie AS, a company based in Ringerike and Hallingdal, has opened bankruptcy proceedings after 32 years of operation. The company announced the filing itself, having operated Avis Bilutleie in Hønefoss since its inception in 1994. The business grew from three cars to a fleet of 650 in 2019, when it also took over Avis Innlandet's operations.

Fjelldal Bilutleie invested heavily in Avis Innlandet's rental stations, and the company has been on the list of the fastest-growing companies in Dagens Næringsliv since 2022 and 2024.

Fjelldal, the company's CEO, attributes the company's growth to its high service level. The company has faced challenges since the acquisition of Avis Innlandet in November 2019, which more than doubled the company's revenue. The company faced significant risks, especially during the COVID-19 pandemic in 2020. However, they managed to turn a profit even by June 2020.

Despite the company's growth, it is now facing financial difficulties. The company owes around 23 million kroner, and there is a strong growth trend in their profits. From an annual revenue of 31 million kroner in 2019, the company's revenue grew to 67 million kroner in 2021 and 110 million kroner in 2023. In 2024, the company made 105 million kroner, but also incurred a loss of 1.9 million kroner, the lowest profit in 15 years. The company's net worth stands at 5.7 million kroner.

Written by urgent.news from E24 Norway's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at e24.no →

More in Business

Read the memo that Paramount CEO David Ellison sent to staffers after 2 settlements that clear the way for his WBD deal

Paramount Skydance's CEO confirmed to employees that the company had settled the lawsuits that were holding up its deal to buy Warner Bros. Discovery.

  • Paramount CEO David Ellison informed staff about cleared deal for WBD acquisition.
  • Settled lawsuits from California AG and Writers Guild of America cleared path.
  • Deal to close in two weeks, integration ahead.

More from Monday 21 September →