Lighting Industry in Asker

Lighting industry in Asker is a small but dynamic sector with 5 registered companies. In recent years, the sector has shown strong sales growth, peaking at NOK 17.2 million in 2023 before declining to NOK 16.1 million in 2024. Employee numbers have been more volatile, with a peak of 14 employees in 2023. The two most active areas are Billingstad and Asker, where most companies are located.

Key figures in 2024:

• Sales: NOK 16.1 million
• Number of employees: 11
• Number of companies: 5
• Sales growth from 2020–2023: +56.7%

Sales development:

• 2016–2023: Sales grew by 62.6% from NOK 10.7 million to NOK 17.2 million
• 2023–2024: Decline of 6.3% to NOK 16.1 million

Employee development:

• 2016–2023: Employee numbers fluctuated between 11 and 14
• 2023–2024: Decline of 21.4% to 11 employees

Key points:

• The sector showed strong growth until 2023, but there is a clear decline in 2024 that should be followed up with further analysis of causes.
• EBITDA margins vary significantly between companies, from -4% (Christiania Belysning) to 6% (K Eng & Co As Lampehuset Slependen).

Registered companies in Asker (2024):

Important observations:

• Two companies (K Eng & Co and Christiania Belysning) are AS entities with higher sales and employees.
• Three companies (Slemmestad Belysning, Thorud Equestrian) have 0 employees and 0 sales, which may indicate inactivity or new registrations.
• Christiania Belysning has negative EBITDA (-209.2K) in 2024, which should be followed up with further analysis.

Advantages between districts in Asker (2024):

Important observations:

• Billingstad is the most active area with 1 company (K Eng & Co) that has 11.9M in sales and 823.1K in EBITDA.
• Asker has 1 company (Christiania Belysning) with lower sales and negative EBITDA.
• There is no data on activity in Slemmestad and Nesøya, even though companies are registered there.

Bankruptcy safety:

• No insolvency registrations for the lighting industry in Asker in 2024.

Stability and development:

• K Eng & Co has shown stable growth with a 17% increase in sales from 2023 to 2024.
• Christiania Belysning has a 4% decline in sales and negative EBITDA (-4%).
• Slemmestad Belysning and Thorud Equestrian have 0 employees and 0 sales, which may indicate inactivity or new registrations.

Conclusion: The sector has shown good stability up to 2024, but there is a clear decline in sales and EBITDA for some companies that should be followed up with further analysis.

Development for entrepreneurs

Opportunities and challenges:

• Strong growth until 2023: The sector showed 56.7% sales growth from 2020 to 2023, indicating good market potential.
• Decline in 2024: A 6.3% decline in sales and 21.4% decline in employee numbers should be analyzed further.
• Competitiveness: K Eng & Co has a high EBITDA margin (6%) and high sales volume, while Christiania Belysning has negative EBITDA.
• Geographic distribution: Billingstad is the most active area with 11.9M in sales, which could be an advantage for new companies.

Recommendation: Entrepreneurs should consider establishing themselves in Billingstad, where there is a stronger market potential. It is also important to analyze the cause of the decline in 2024 and ensure competitiveness through effective cost management.

Development in the conference center sector

Conference center sector in Asker (2024):

• Number of companies: 164
• Sales: NOK 3.7 billion
• Number of employees: 1,338

Comparison with the lighting industry:

• Sales: The conference center sector has 216 times higher sales than the lighting industry.
• Number of employees: The conference center sector has 121 times more employees.

Peer companies in the conference center sector:

Conclusion: The conference center sector is much larger and more stable than the lighting industry. Entrepreneurs should consider collaborating with companies in this sector to utilize infrastructure and market.

The lighting industry in Asker is a small but growth-oriented sector with potential for further development. In recent years, the sector has shown strong growth, but there is a decline in 2024 that should be followed up with further analysis. Billingstad is the most active area, and there are opportunities to establish oneself there. The conference center sector is much larger and more stable, and entrepreneurs should consider collaborating with companies in this sector to utilize infrastructure and market. SmartGrunder can help entrepreneurs find suitable locations and analyze market keys in Asker.