Lighting Equipment Retail in Drammen: Current Status and Outlook

Lighting equipment retail in Drammen is a small but dynamic industry with four registered companies in the municipality. In recent years, the industry has experienced both growth and decline, with a significant reduction in sales in 2025. Nevertheless, data shows that the number of employees has begun to rise again in 2026. The industry has no bankruptcy registrations, but shows variations in profit margins and operating results. At the same time, there is a clear connection between location and activity, with a focus on Drammen and Krokstadelva. For entrepreneurs, the industry can offer opportunities, especially with growth in the number of employees and potential synergies with nearby sectors such as conference centers.

Sales and employee development

• Sales: The industry reached a peak in 2020 with NOK 25.2 million, but fell to NOK 3.7 million in 2025 before rising to NOK 14.6 million in 2024. In 2026, sales are expected to increase to NOK 17.6 million.
• Employees: The number of employees declined from 26 in 2022 to 18 in 2023, but has since increased to 30 in 2025 and 31 in 2026. This shows stabilization in the labor market.

Economic trends

• The industry had a negative EBITDA margin in 2024 (-12%) and 2025 (-74.4%), but shows signs of improvement in 2026.
• There are no bankruptcy registrations in the industry, indicating relative stabilization.

Registered companies in the industry

1. Luxia As (Syretårnet 41, Drammen): 13 employees, established 2023, no bankruptcy.
2. Eng K & Co As Lampehuset Buskerud Storsenter (Sandstranda 24, Krokstadelva): 6 employees, established 2016, positive EBITDA (NOK 493,900).
3. K Eng & Co As Lampehuset Drammen (Professor Smiths Alle 66, Drammen): 6 employees, established 1991, positive EBITDA (NOK 211,700).
4. Lampemagasinet Drammen (Hauges gate 1, Drammen): 6 employees, established 2008, negative EBITDA (NOK -480,300).

Organizational forms

• All four companies are organized as AS (limited liability company), indicating a standardized structure in the industry.

Drammen dominates with three companies and 25 employees, while Krokstadelva has one company with six employees. Sales in Drammen are lower than in Krokstadelva, but Krokstadelva has a positive EBITDA.

Bankruptcy statistics

• No bankruptcy registrations in the industry in Drammen, indicating stable operations.

Operating results

• Lampemagasinet Drammen has a negative EBITDA (-NOK 480,300) and a negative operating result (-NOK 533,000), which could be a risk for future operations.
• Eng K & Co As Lampehuset Buskerud Storsenter and K Eng & Co As Lampehuset Drammen have positive EBITDA (NOK 493,900 and NOK 211,700), indicating stable operations.

Outlook for entrepreneurs

• Increasing number of employees: The number of employees has increased from 18 in 2023 to 31 in 2026, indicating growth in the labor market.
• Stable number of companies: Four companies in the industry, which could provide opportunities for collaboration and market share.
• Negative EBITDA in some companies: This could be a challenge, but the industry has no bankruptcy registrations, indicating stable operations.
• Potential synergies: The industry could have synergies with nearby sectors such as conference centers, which is a larger industry in Drammen.

Conference center industry in Drammen

• Number of companies: 154 companies in the conference center industry, compared to four companies in lighting equipment retail.
• Sales: The conference center industry reached a peak in 2021 with NOK 20.23 million, but fell to NOK 1.528 million in 2025.
• Employees: The number of employees has fallen from 974 in 2016 to 801 in 2026, but the conference center industry has stable operations.

Peer companies in the conference center industry

• Byggmax Drammen (Dråpen 19, 3036 Drammen): NOK 145.1 million in sales, 9 employees.
• Plantasjen Norge As Avd Mjøndalen (Orkidehøgda 5, 3050 Mjøndalen): NOK 17.8 million in sales, 17 employees.
• Byggmax Krokstad Senter (Flisveien 3, 3055 Krokstadelva): NOK 95.1 million in sales, 8 employees.
• Coop Sørøst Sa Avd 2603 Obs Bygg Mjøndalen (Orkidéhøgda 4-6, 3050 Mjøndalen): NOK 125.7 million in sales, 39 employees.

The conference center industry has a larger operation than lighting equipment retail, but lighting equipment retail has a more stable operation with no bankruptcy registrations.

Lighting equipment retail in Drammen is a small but dynamic industry with opportunities for growth and stability. With four companies and growth in the number of employees, the industry can offer opportunities for entrepreneurs. At the same time, data shows that the industry has stable operations without bankruptcy registrations. The conference center industry in Drammen is a larger industry with potential synergies, but lighting equipment retail has a more stable operation. SmartGrunder can help entrepreneurs explore opportunities in Drammen for lighting equipment retail.