Pharmacies in Kinn: Economy, Companies, and Outlook

Pharmacies in Kinn constitute a stable but dynamic part of the municipality's economy. There are a total of four registered pharmacies in the municipality, with a combination of sole proprietorships (ENK) and limited liability companies (AS). Sales have grown significantly since 2020, with a special increase of 87.1% from 2019 to 2020. The employment development shows a general increase after 2020, although there have been small fluctuations. The industry has no registered bankruptcies, but shows variations in financial health between companies.

Sales and Employee Development

Sales have grown the most from 2019 to 2020, which can be linked to increased demand during the pandemic. Employee numbers have grown by 48% from 2019 to 2024, but had a decline of 4.9% from 2024 to 2025. This shows a general stabilization in the industry after a sharp increase in 2020.

Registered Companies

The following companies are registered in the pharmacy industry in Kinn:

1. Sunnfjord Apotek Jostein Brudevoll (ENK, Florø) – 15 employees, operational income 38.9M NOK
2. Vitusapotek Måløy (AS, Måløy) – 15 employees, operational income 59.5M NOK
3. Vitusapotek Florø (AS, Florø) – 9 employees, operational income 23.8M NOK
4. Viking Capital Holding As (AS, Florø) – 0 employees, operational income 0.153M NOK

Organizational Forms

• AS (2 companies): Total 24 employees, operational income 83.4M NOK
• ENK (1 company): 15 employees, operational income 38.9M NOK

Most companies are limited liability companies, but there is also a sole proprietorship. AS companies have higher operational income and more employees compared to ENK.

Distribution by Town/Place

Florø has two pharmacies, while Måløy has one. Both towns show high sales figures, but Måløy has a higher operational income per employee (3.6M NOK) compared to Florø (2.7M NOK).

Operational Dynamics and Bankruptcy Statistics

None of the registered companies in the pharmacy industry in Kinn have been bankrupt. Nevertheless, financial data shows variations:

• Sunnfjord Apotek has negative equity (-776,000 NOK), which may indicate economic challenges.
• Viking Capital Holding As has no employees and zero sales, but high equity (6.0M NOK), which may indicate a specific organizational structure.

The bankruptcy statistics show that the industry is stable, but financial figures should be analyzed carefully to understand underlying challenges.

Outlook for Entrepreneurs

The pharmacy industry in Kinn shows potential opportunities for entrepreneurs, especially in light of the sharp sales increase from 2019 to 2020. Increasing employee numbers and stabilization after 2020 indicate growing demand. However, it is important to be aware of financial variations, such as negative equity in some companies. High gross profit margins (up to 9015%) should also be analyzed carefully to understand whether this is plausible or a data error.

Crafts Group Comparison

The crafts group in Kinn has five companies, while the pharmacy industry has four. Sales in the crafts group have grown by 13.5% from 2023 to 2024, which is slightly higher than the pharmacy industry (13.8%). Employee numbers in the crafts group have been somewhat more stable, with an increase of 9.5% from 2021 to 2022. A peer company in the crafts group is Synsenteret Florø As (medical/orthopedic goods store), with EBITDA of 957,000 NOK and sales of 5.7M NOK. This shows that the crafts group has a broader variation in company structure and income level compared to the pharmacy industry.

Pharmacies in Kinn show a mix of stability and growth, with potential opportunities for entrepreneurs. The sharp sales increase after 2020 and increasing employee numbers indicate growing demand. Nevertheless, financial figures should be analyzed carefully, especially because some companies have extreme gross profit margins. SmartGrunder can help entrepreneurs find suitable addresses in the municipality for this industry, with a focus on natural business opportunities.