The Pharmacy Industry in Sogndal: Current Status and Future Prospects

The pharmacy industry in Sogndal is a small but economically stable sector with two registered companies. In recent years, the industry has shown both strengths and challenges, with a significant revenue decline in 2017 followed by a gradual increase since 2021. Employment development has been more stable, with a significant increase in 2022. The industry is dominated by two AS companies, and there are no registered bankruptcies among the companies. Future prospects show potential for growth, especially with the increased revenue in 2025.

Economic data show that the pharmacy industry in Sogndal has had an uneven development in recent years. Revenue fell sharply by 100% from 2016 to 2017, due to one of the companies reporting zero revenue that year. There has been a gradual increase since, with a rise of 35.2% from 2021 to 2022. In 2025, revenue reached NOK 25.8 million, an increase of 16.4% compared to 2024. Employment development has been more stable, with an increase of 52.2% from 2021 to 2022, but a decline of 17.1% from 2022 to 2023.

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

1. Apotek 1 Sogndal (Hovevegen 10, Sogndal)

• Organizational Form: AS
• Founded: July 4, 1978
• Number of Employees: 17
• Revenue: NOK 0 (2025)
• EBITDA: NOK 0

1. Apotek 1 Sjøkanten (Stedjevegen 38, Sogndal)

• Organizational Form: AS
• Founded: November 16, 2015
• Number of Employees: 8
• Revenue: NOK 19.3 million (2025)
• EBITDA: NOK 1.4 million

Both companies are AS entities, and there are no registered bankruptcies among them.

Activity in the pharmacy industry in Sogndal is concentrated within the municipality itself. There is no sub-division of activity in sub-areas, and all registered companies operate from Sogndal. There is no data on distribution to other city districts or areas within the municipality.

The industry has been relatively stable in terms of bankruptcy. There are no registered bankruptcies among the two companies during the period. However, data show that one of the companies had zero revenue in 2017, which may indicate temporary challenges. There are no indications of systematic risk of bankruptcy in the industry, but it is important to monitor revenue and operating results development.

Outlooks for the pharmacy industry in Sogndal show potential for growth, especially with the increased revenue in 2025 compared to previous years. The stabilized number of employees and the two AS companies operating in the municipality indicate a gradual improvement. However, it is important to be aware of previous revenue fluctuations, which may affect future operations. For entrepreneurs, it may be possible to find places in the municipality where there is a need for new pharmacies, but it is recommended to conduct a thorough market analysis before investing.

The pharmacy industry in Sogndal shows both stability and growth potential. With two companies and a gradual improvement in revenue, the industry can be an attractive sector for entrepreneurs. However, it is important to be aware of previous fluctuations and ensure a solid financial plan. SmartGrunder can help find suitable locations and analyze market prospects in the municipality.