The Pharmacy Industry in Hustadvika: Current Status and Future Prospects

The pharmacy industry in Hustadvika is a small but active sector with two registered companies. In recent years, the industry has shown both growth and decline in revenue and number of employees. There are no registered bankruptcies in the sector, but variations in operating results and operating margins indicate that the businesses have different financial health. One business, Boots Apotek, has stable operations, while the other, Care Pharma, is newly registered without current operating results. Prospects for new entrants must be assessed in light of the weak revenue growth in recent years.

According to annual statistics, the pharmacy industry in Hustadvika has experienced revenue growth from 2016 to 2022, peaking at NOK 43.3 million in 2023. Revenue then fell by 6.4% from 2023 to 2024 and further by 6.9% from 2024 to 2025. The number of employees has been more unstable, decreasing from 13 in 2016 to 10 in 2026. The most significant decline in the number of employees occurred between 2022 and 2023 (14.3%).

Two companies are registered in the pharmacy industry in Hustadvika:

1. Boots Apotek Fræna (Torget 10, Elnesvågen)

• Legal Form: AS
• Founded: December 1, 1988
• Employees: 10
• Operating Result: NOK 273.8 thousand
• EBITDA: NOK 632.1 thousand
• Total Assets: NOK 6.1 million

1. Care Pharma As (Sentervegen 50, Elnesvågen)

• Legal Form: AS
• Founded: January 2, 2026
• Employees: 0
• Operating Result: NOK 0
• EBITDA: NOK 0
• Total Assets: NOK 0

Boots Apotek has been operational since 1988, while Care Pharma is a newly registered business with no current operating results.

All registered businesses in the pharmacy industry in Hustadvika are located in Elnesvågen. Here, there is one business with 10 employees and revenue of NOK 35.0 million. No activity is registered in other parts of the municipality.

There are no registered bankruptcies in the pharmacy industry in Hustadvika. Nevertheless, operating results and EBITDA margins indicate that the businesses have different financial health. Boots Apotek has a positive operating result (NOK 273.8 thousand) and an EBITDA margin of 1%, while Care Pharma has no operating results or employees. This suggests that one business has stable operations, while the other is in an early stage or non-operational.

Prospects for new entrants in the pharmacy industry in Hustadvika must be carefully considered. Revenue has fallen by 6.4% from 2023 to 2024 and further by 6.9% from 2024 to 2025, which may indicate economic challenges in the sector. However, there are only two businesses in the municipality, which may indicate potential market space for new entrants. For entrepreneurs, it is important to assess the operating results of existing businesses and possible causes of the revenue decline. SmartGrunder can help find suitable locations in the municipality for new pharmacy businesses.

The pharmacy industry in Hustadvika is a small but active sector with two businesses. In recent years, the industry has shown both growth and decline in revenue and number of employees. There are no registered bankruptcies, but variations in operating results indicate that the businesses have different financial health. For entrepreneurs, it is important to assess recent trends and possible causes of the revenue decline. SmartGrunder can help find suitable locations in the municipality for new pharmacy businesses.