Lighting Equipment Retail in Hamar: Current Situation and Future Outlook

Overview of Lighting Equipment Retail in Hamar

Lighting equipment retail in Hamar is a small but stable industry with two registered companies. One, K Eng & Co As Lampehuset Maxi Hamar, is active with 6 employees and high operating results, while Slåttsveen I As is inactive with zero employees and negative equity. The industry has shown a weak positive trend in sales (4.9% increase in 2024) and stabilization in the number of employees after a decline in 2021–2022. The EBITDA margin is at 6%, and the gross profit margin is extraordinarily high at 2285%, indicating a high value of the products.

Gap between companies: The active company has high revenue (NOK 9.6M) and low debt (NOK 2.7M), while the other has negative equity and no operating profit. This shows a clear gap in financial health between the companies in the industry.

Sales and employee development:

The industry has had a weak positive development in sales in 2024, but a significant decline in 2021 (–33.6%). The number of employees has shown a decline from 19 in 2016 to 7 in 2024, with stabilization in 2023–2024. The EBITDA margin is at 6%, and the gross profit margin is extraordinarily high at 2285%, indicating a high value of the products.

Operating profit and debt: The active company has an operating profit of NOK 534.1K and debt of NOK 2.7M, while the inactive company has negative equity and no operating profit.

Registered companies in lighting equipment retail in Hamar:

Legal form: Both companies are AS (limited liability companies). The active company has high revenue and low debt, while the other has negative equity and no operating profit.

Activity distributed across districts in Hamar:

Concentration: All activities in the industry are concentrated in the Hamar city center, particularly at Aslak Bolts gate 48. There is no activity in other districts in the municipality.

Bankruptcies and financial health:

• Slåttsveen I As has no sales, negative equity, and no operating profit. This indicates a potential bankruptcy or a company form that is not profitable.
• K Eng & Co As Lampehuset Maxi Hamar has stable financial health with high revenue and low debt.

Bankruptcy statistics: There are no official bankruptcy filings in the industry, but Slåttsveen I As has a financial situation that could be an extension of bankruptcy processes. This shows a gap in financial health between the companies in the industry.

For entrepreneurs: The industry shows a weak positive trend in sales (4.9% increase in 2024) and stabilization in the number of employees. The active company has high revenue and low debt, which could be a good basis for a new business. However, the industry is small with only two companies, and competition from larger industries such as conference centers could be a challenge.

Possible challenges: The active company has high revenue, but there are no indications that there is room for more companies in the industry. Entrepreneurs should consider collaborating with existing companies or finding unique differentiation opportunities.

The conference center industry in Hamar has 49 companies, showing that this is a much larger and more diversified industry than lighting equipment retail. Sales in the conference center industry have shown a decline in recent years, but the number of employees has been more stable.

Peer companies:

Conclusion: The conference center industry has a much larger market share and more companies, but lighting equipment retail has a higher EBITDA margin. Entrepreneurs should consider combining strengths from both industries.

Lighting equipment retail in Hamar is a small but stable industry with two companies. The active company has high revenue and low debt, while the other has negative equity and no operating profit. The industry shows a weak positive trend in sales and stabilization in the number of employees. Entrepreneurs should consider collaborating with existing companies or finding unique differentiation opportunities. SmartGrunder can help entrepreneurs find good locations in Hamar for lighting equipment retail.