The Pharmacy Industry in Vindafjord: Current Status and Future Prospects

The pharmacy industry in Vindafjord has proven to be a stable, yet dynamic sector with two businesses registered in the municipality. The two pharmacies, Apotek 1 Ølen and Ølen Apotek As, primarily operate in Ølen and have a combined total of 16 employees. The sector has experienced both challenges and growth, with a significant sales decline in 2017 followed by a gradual increase since 2018. The EBITDA margin stands at 7%, and there is a high average gross profit margin of 31684%. This indicates a sector with potential, although there are variations in certain years.

According to the 2025 annual accounts, the pharmacy industry in Vindafjord has achieved a sales volume of NOK 31.5 million, representing an increase of 5.6% compared to 2024. This is a positive development following a weak period in 2017, where sales figures were zero. Sales have increased by 16.5% from 2023 to 2024 and continued to grow by 5.6% in 2025. Employees in the sector have increased from 11 in 2024 to 15 in 2026, indicating a stable growth over time. The EBITDA margin has remained at 7% in 2025, while the gross profit margin has been extremely high at 31684% in Ølen.

Two companies are registered in the pharmacy industry in Vindafjord:

1. Apotek 1 Ølen (Sandeidvegen 3, Ølen)

• Organizational form: AS
• Founded: September 1, 1986
• Number of employees: 9
• Sales: NOK 19.3 million
• EBITDA: NOK 1.4 million
• Total debt: NOK 6.4 million

1. Ølen Apotek As (Dreganesvegen 34, Ølen)

• Organizational form: AS
• Founded: October 30, 2024
• Number of employees: 7
• Sales: NOK 0 (new business)
• EBITDA: NOK 0

Both companies are not bankrupt according to the accounts. The organizational form AS is dominant, with 2 companies in the sector.

All businesses in the pharmacy industry in Vindafjord are located in Ølen. Ølen has:

• 2 companies
• 16 employees
• NOK 19.6 million operating income
• NOK 19.3 million sales
• NOK 3.4 million wages
• NOK 1.1 million operating profit
• NOK 1.4 million EBITDA
• NOK 6126.6 million gross profit
• NOK 642.1 thousand equity
• NOK 6.4 million debt

Ølen is therefore the only area in the municipality with activity in the pharmacy sector.

The sector has been relatively stable with no bankruptcies among the two companies. Ølen Apotek As, founded in 2024, has not yet reported sales or operating income, which may indicate an early phase in the business. Apotek 1 Ølen, however, has shown resilience with NOK 19.6 million operating income and NOK 1.4 million EBITDA. Employees have increased by 37.5% from 2022 to 2023, indicating a positive dynamism in the sector.

The development suggests that the pharmacy industry in Vindafjord has potential for further growth. Sales have increased by 5.6% in 2025, and the number of employees has increased by 25% from 2025 to 2026. This may indicate increased demand for pharmacy services in the municipality. For entrepreneurs, this could be an opportunity, especially with high gross profit margins and stable operating margins. However, it should be considered that competition may be strong, and new companies must secure stable finances and a good location choice.

The pharmacy industry in Vindafjord shows signs of stable growth and high profitability, even though there have been challenges in certain years. With two businesses and a high gross profit margin of 31684% in Ølen, it is a sector with potential. For entrepreneurs, this could be an attractive opportunity, especially with increasing numbers of employees and positive sales development. SmartGrunder can help find suitable locations in the municipality for new pharmacy businesses.