Industry · municipality
The Pharmacy Industry in Stord
An analysis of companies, statistics, and opportunities for entrepreneurs and local decision-makers
Executive Summary
The pharmacy industry in Stord is an important part of the local economy with four registered companies. The industry has shown both strong growth and variations over time, with a significant increase in sales of 28% in 2025 compared to 2024. Stord has three pharmacies in the city center, while Sagvåg has one pharmacy without activity. The industry has not experienced bankruptcy, but there are variations in operating results and employees. SmartGrunder can help entrepreneurs find suitable locations in Stord for pharmacy activities.
Economic Overview
Sales and Employees Over Time
- Sales: The industry experienced a dramatic decline of 77.6% from 2016 to 2017, but strong growth of 461.2% from 2017 to 2018. In 2025, sales were NOK 120.5 million, an increase of 28.0% compared to 2024.
- Employees: The number of employees peaked at 52 in 2022, but dropped to 40 in 2024 before rising to 45 in 2025. There is variation in the number of employees over time, with an increase of 23.8% from 2021 to 2022.
Economic Indicators
- EBITDA margin: 7% in 2025, indicating a good operating result.
- Average income per employee: NOK 2.2 million in 2025, showing efficiency in operations.
Companies in the Industry
Registered Companies
- Apotek 1 Stord (Hamnegata 11, Stord) – AS, 23 employees, sales NOK 38.7 million, EBITDA NOK 2.8 million.
- Apotek 1 Heiane (Ringvegen 44, Stord) – AS, 17 employees, sales NOK 38.7 million, EBITDA NOK 2.8 million.
- Sagvåg Apotek As (Sagvågsbrekko 4, Sagvåg) – AS, 5 employees, but no sales or operating results.
- Vitusapotek Leirvik (Torgbakken 2, Stord) – AS, 2 employees, sales NOK 0, but high average income per employee.
Organizational Forms
- AS: 4 companies, total 47 employees, operating result NOK 4.5 million, EBITDA NOK 5.7 million.
Business Geography
Distribution of Activities
- Stord: 3 companies, 42 employees, sales NOK 77.3 million, operating result NOK 4.5 million.
- Sagvåg: 1 company, 5 employees, but no sales or operating results.
Local Activity
Stord is the main hub for pharmacy activities, with three active companies. Sagvåg has one company without operational activity, which may indicate potential challenges for business in the area.
Business Dynamics
Bankruptcies and Operating Results
- Bankruptcies: No bankruptcies registered in the pharmacy industry in Stord.
- Operating Results: Two companies (Apotek 1 Stord and Apotek 1 Heiane) have high operating results, while Sagvåg Apotek As has no sales or operating results. Vitusapotek Leirvik has no sales, but high average income per employee.
Industry Dynamics
The industry has shown both strong growth and declines over time, with a significant increase in sales in 2018 and 2022. There is variation in operating results, but no bankruptcies, indicating a relatively stable industry.
Outlook
Outlook for Entrepreneurs
- Growth Potential: Sales increased strongly by 28% in 2025, indicating growth in the industry.
- Operating Results: High EBITDA margin (7%) and high average income per employee (NOK 2.2 million) show efficient operations.
- Challenges: Variation in operating results and a non-operational company in Sagvåg may be challenges. Entrepreneurs should consider locations in Stord for better operating results.
SmartGrunder can help entrepreneurs find suitable locations in Stord for pharmacy activities, with a focus on operating results and market conditions.
Outlook for the Handicraft Industry
Handicraft Industry Comparison
- Number of Companies: The handicraft industry has 5 companies, while the pharmacy industry has 4 companies.
- Sales: Same trend as the pharmacy industry, with strong growth of 28% in 2025.
- Employees: Same variation in the number of employees over time, with a peak of 52 in 2022.
Peer Companies
- K J Brusdal As Avd Butikk Stord (Ringvegen 30, 5412 Stord) – EBITDA NOK 0, no employees, sales NOK 0.
Conclusion
The handicraft industry has a broader company base, but the pharmacy industry has higher operating results. Entrepreneurs should consider both industries to find the best opportunities.
Other companies in håndverk (not in pharmacy)
| Company | Industry | Address | Sales | Employees | EBITDA |
|---|---|---|---|---|---|
| K J Brusdal As Avd Butikk Stord | medical/orthopaedic goods store | Ringvegen 30, 5412 Stord | NOK 0 | 0 | NOK 0 |
Conclusion
The pharmacy industry in Stord has shown both strong growth and variations over time, with a significant increase in sales of 28% in 2025. The industry has no bankruptcies, but there are variations in operating results and employees. Stord is the main hub for pharmacy activities, with three active companies. Entrepreneurs should consider locations in Stord for better operating results, and SmartGrunder can help find suitable locations.