Severe revenue shortfall for the famous fish restaurant

Fjellskål on Bryggen is taking a big hit in the corona crisis.

Profitability curve: The illustration shows the operating margin of Fjellskål AS over the past five years. The percentage in the box to the left is last year's margin. The background is aerial photos of the company's address.
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2020 was a difficult year for local restaurants, due to corona restrictions. The seafood house Fjellskål, which runs both a restaurant and a shop, got it extra tough.
The company had approximately NOK 25.5 million in operating revenues, which is only a third of sales from the previous year.

The operating profit goes from around 650,000 kroner in plus to about 7.3 million in minus. For the second year in a row, the result before tax is negative. In 2020, this figure is around eight million kroner.

The deficit makes the operating margin negative as well, minus 28.9 percent. This is lower than in 2019, when the margin was 0.8 per cent plus.

In comparison, the average profitability of Norwegian companies is 9.4 per cent, according to the latest Statistics Norway figures. In the accommodation and catering industry, the corresponding average is 1.6.

Fjellskål restaurant.

Facts about Fjellskål

Fjellskål Fisketorget was established in 2012. The main industry is restaurants and cafes.

The company has 50 employees, according to the annual report.

The owners did not take out dividends last year.

The general manager is Dan Even Venøy Fjellskål (31), while Ole Johan Sagen (69) is chairman of the board.

Industry top list

Measured by operating revenues, Fjellskål Fisketorget is the 14th largest company in its specific industry in Bergen municipality, which is «operation of restaurants and cafés».

The company is also number 15 in Vestland county, and the 190th largest on a national basis. There are 177 companies in the same industry in Bergen.

The overview below shows the top list in the relevant industry, sorted by operating revenues. The information is taken from the last registered accounts, and will be able to change continuously as new figures come in.

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