The Pharmacy Industry in Kvinnherad: Companies, Statistics, and Outlooks

The pharmacy industry in Kvinnherad is a stable and important part of the municipality's economy. There are two registered pharmacy operations in the municipality, Vitusapotek Husnes and Vitusapotek Kvinnherad, which together employed 21 people in 2023. Sales have shown variations over time, with a strong increase from 2016 to 2018, followed by a decline in 2019 and a gradual rise since. The industry has not registered any bankruptcies in the municipality, indicating a relatively stable industry structure.

Economic trends

Sales development (2016–2025):

• 2016: NOK 35.2 million
• 2017: NOK 54.0 million (+53.4 %)
• 2018: NOK 76.2 million (+41.1 %)
• 2019: NOK 58.9 million (-22.7 %)
• 2020: NOK 58.5 million (-0.7 %)
• 2021: NOK 68.7 million (+17.4 %)
• 2022: NOK 71.4 million (+4.0 %)
• 2023: NOK 61.6 million (-13.7 %)
• 2024: NOK 63.3 million (+2.8 %)
• 2025: NOK 59.0 million (-6.9 %)

Employees (2016–2026):

• 2016: 19 employees
• 2017: 24 employees (+26.3 %)
• 2018: 26 employees (+8.3 %)
• 2019: 19 employees (-26.9 %)
• 2020: 18 employees (-5.3 %)
• 2021: 18 employees (0.0 %)
• 2022: 19 employees (+5.6 %)
• 2023: 21 employees (+10.5 %)
• 2024: 20 employees (-4.8 %)
• 2025: 17 employees (-15.0 %)
• 2026: 20 employees (+17.6 %)

Sales reached its highest level in 2018, but has since experienced variations. Employee numbers have been more stable, with an increase in 2023 and a decline in 2025.

Registered companies

There are two companies registered in the pharmacy industry in Kvinnherad:

1. Vitusapotek Husnes (Sentrumsvegen 15, Husnes)

• Organizational form: AS
• Founded: 1976-12-01
• Number of employees: 13
• Sales: NOK 35.5 million
• EBITDA: NOK 2.2 million

1. Vitusapotek Kvinnherad (Sentrumsvegen 15, Husnes)

• Organizational form: AS
• Founded: 2017-05-01
• Number of employees: 8
• Sales: NOK 11.8 million
• EBITDA: NOK 734,000

Both companies are AS entities, which is the most common organizational form in the municipality. There are no bankrupt companies registered in the industry.

Geographic distribution

Pharmacy operations in Kvinnherad are primarily concentrated in Husnes, which is the only location in the municipality with registered companies in the industry:

• Husnes:
• Number of companies: 2
• Number of employees: 21
• Operational income: NOK 47.6 million
• Sales: NOK 47.3 million
• EBITDA: NOK 2.9 million
• Gross profit: NOK 7,459.5 million
• EBITDA margin: 6 %

Husnes is therefore the most important hub for the pharmacy industry in the municipality, with a high level of activity and economic activity.

The pharmacy industry in Kvinnherad has proven to be relatively stable over time, with no registered bankruptcies in the municipality. This indicates that the businesses have been able to adapt to market changes and maintain operations. However, both sales and the number of employees have shown variations, especially during periods of economic challenges (such as in 2019 and 2023).

• Strengths:
• No bankruptcy registrations
• Stable number of companies (2) over time
• High operational income relative to the number of employees

• Challenges:
• Unstable sales over time
• Reduced number of employees in certain years (2025)
• High variation in operational results (EBITDA) between companies

For entrepreneurs considering establishing themselves in the pharmacy industry in Kvinnherad, the data indicate the following:

• Stable market: The industry has proven to be relatively stable, with no bankruptcies and two established companies that can serve as references.
• Market potential: Sales experienced a strong increase from 2016 to 2018, and it is possible that a similar trend could occur again in the future, especially with increasing population and healthcare needs in the region.
• Competitiveness: The two existing companies have high operational income and EBITDA margins, indicating that profitability is achievable in the industry.
• Focus on Husnes: It is recommended to focus on Husnes as the main location for operations, as this is the only place in the municipality with registered pharmacy operations.

SmartGrunder can help entrepreneurs find suitable addresses and locations in Kvinnherad for pharmacy operations, based on data and market outlooks.

The pharmacy industry in Kvinnherad is a stable and important part of the municipality's economy, with two established companies and a relatively high level of activity in Husnes. Although sales and the number of employees have shown variations over time, the industry has not experienced bankruptcy, indicating a good operational structure. For entrepreneurs, opportunities exist in a market segment that has proven to be resilient and with potential for future growth, especially in a municipality with an increasing population and healthcare needs.