The Pharmacy Industry in Time: Current Status and Future Prospects

The pharmacy industry in Time has proven to be a stable, yet varied sector with 5 registered companies in the municipality. In recent years, the industry has experienced both strong growth and challenges, particularly in connection with changes in sales and number of employees. Bryne is the most important centre for pharmacy activities, with four companies and 31 employees, while Kvernaland has one company with no activity. The industry has a high average gross profit (10760%) and a relatively stable EBITDA margin (5%).

Sales development and employees

• Sales: From NOK 56.4 million in 2016 to NOK 127.4 million in 2025, with strong growth of +6.2% in 2024–2025. A significant decline of -55.8% was recorded in 2017, followed by growth of +227.3% in 2018.
• Employees: The number of employees has varied between 27 and 44, with a peak in 2022 (44 employees) and a decline to 39 employees in 2026. The most significant increase was recorded in 2018 (+21.4%).

Economic indicators

• The industry's average EBITDA margin is 5%, with variations between 0% and 10760%.
• Gross profit is extremely high (10760%) in Bryne, but data is missing in Kvernaland.

Registered companies in the industry

Organisation types

• All companies are registered as AS (limited liability companies), which indicates a relatively high degree of formal structure and capitalisation in the industry.

Distribution of activities in the municipality

• Bryne: 4 companies, 31 employees, total sales of NOK 104.1 million, and an operating profit of NOK 4.2 million.
• Kvernaland: 1 company, 9 employees, but no activity (sales, operating profit, EBITDA or gross profit are zero).

Conclusion

Bryne is the dominant centre for pharmacy activities, with a clearly higher level of activity compared to Kvernaland. This underscores the importance of Bryne as an economic hub in the municipality.

Bankruptcy security and dynamics

• Bankruptcy security: None of the 5 companies are registered as bankrupt, which indicates a relatively stable industry.
• Kvernaland pharmacy: The one company in Kvernaland has no activity, which may indicate a potential challenge for the industry in this part of the municipality.

Dynamics and growth

• The industry has proven to be resilient, with growth of +227.3% in 2018 after a significant decline in 2017. This may be due to changes in the market or strategic adjustments by the companies.

Outlook for entrepreneurs

• Stable market: With 5 companies and a relatively stable sales development (without major declines after 2018), the industry can be an attractive choice for entrepreneurs.
• High gross profit: The extremely high gross profit (10760%) in Bryne indicates that there are potential areas for improvement in cost structure or efficiency.
• Competitiveness: With 5 companies in the municipality, competition may be moderate, but it is possible to find niches in specialised pharmacies or digital solutions.

SmartGrunder can help entrepreneurs find suitable addresses in Time for pharmacy activities, with a focus on areas with high growth and stability potential.

• Number of companies: The crafts sector has 6 companies in Time, while the pharmacy industry has 5. This shows that the crafts sector is somewhat larger.
• Sales: The crafts sector had total sales of NOK 144.3 million in 2025, compared to NOK 127.4 million for the pharmacy industry. This shows that the crafts sector has a slightly higher market share.
• Employees: The crafts sector had 52 employees in 2026, while the pharmacy industry had 39 employees. This shows that the crafts sector has a slightly higher share of the workforce.

Peer companies

• Synsam Bryne (medical/orthopaedic goods store) has an EBITDA of NOK 3.3 million and sales of NOK 17.9 million. This shows that there are potential competitors in adjacent sectors.

The pharmacy industry in Time has proven to be a stable, yet varied sector with potential growth opportunities. With 5 companies and a relatively high gross profit, the industry can be an attractive choice for entrepreneurs. At the same time, the comparison with the crafts sector shows that there are competitive alternatives in adjacent sectors. SmartGrunder can help entrepreneurs find suitable addresses in Time for pharmacy activities, with a focus on areas with high growth and stability potential.