Lighting Equipment Retail in Larvik: Industry Analysis and Development Trends

Overview of Lighting Equipment Retail in Larvik

Lighting equipment retail in Larvik is a small but dynamic industry with a single business: K Eng & Co As Lampehuset Larvik. This company, registered as an AS and established in 2005, is the only company in the industry within the municipality. It has proven to be stable with high margins, but with significant fluctuations in revenue and number of employees over time. The industry has a unique position in Larvik, with a combination of high operating margins (6% EBITDA margin) and a market size that shows growth potential, even though there are limited actors.

Revenue and Employees:

• Revenue: In 2024, the industry had revenue of NOK 7.6 million, an increase of 45.5% compared to 2023. This is the highest level in recent years, although there have been significant fluctuations previously (e.g., -28.5% from 2022 to 2023).
• Number of Employees: The number of employees has been unstable, decreasing from 8 in 2022 to 4 in 2023, before a mild increase to 5 in 2024. There is a clear variation over time, with a maximum of 11 employees in 2016 and a minimum of 4 in 2023.

Operating Results and Margins:

• EBITDA: The industry had an EBITDA of NOK 540,900 in 2024, with an EBITDA margin of 6%. This shows relatively good operational efficiency, even though there are small companies in the industry.
• Gross Margin: The gross margin was 2782% in 2024, indicating that the company has high revenues from sales of lighting equipment relative to costs.

Credit and Equity:

• Total Debt: The company had total debt of NOK 2.2 million in 2024, while equity was NOK 1.4 million. This shows a relatively high debt ratio, but there is only one company in the industry, so comparisons are limited.

There is one company in lighting equipment retail in Larvik: K Eng & Co As Lampehuset Larvik. It is registered as AS and has the following details:

• Address: Øya 1, Larvik
• Organization Number: NOK 988,4M
• Number of Employees: 8 (in 2024)
• Bankrupt: Not bankrupt
• Postal Code: NOK 3.3K
• Municipality: Larvik
• County: Vestfold og Telemark
• Industry: Lighting Equipment Retail
• Operating Income: NOK 7.9M
• Revenue: NOK 7.8M
• Wages: NOK 2.1M
• Operating Result: NOK 438,700
• EBITDA: NOK 540,900
• Gross Margin: NOK 218,2M
• Total Equity: NOK 1.4M
• Total Debt: NOK 2.2M
• Revenue Growth: 17%
• EBITDA Margin: 6%
• Operating Income per Employee: NOK 1.3M
• EBITDA per Employee: NOK 87,200

This company is the only actor in the industry, and it has proven to be stable with high margins, even though there have been variations in the number of employees and revenue over time.

All businesses in lighting equipment retail in Larvik are located in Larvik. There is 1 company registered in the municipality, and all activities take place in Larvik. There is no sub-counting of activities in sub-areas or districts within the municipality for this industry.

Bankruptcies and Operational Economics:

• There are no bankruptcies reported for lighting equipment retail in Larvik, showing a relatively stable industry. This is a positive indicator for entrepreneurs and investors.
• Operational Economics: The company has proven to be operationally stable with high margins, even though there have been variations in the number of employees and revenue over time. This suggests that the company has good control over costs and revenues.

Number of Employees and Revenue:

• Number of Employees: Has been unstable, decreasing from 8 in 2022 to 4 in 2023, before a mild increase to 5 in 2024. This may indicate challenges in maintaining a stable workforce.
• Revenue: Has shown significant fluctuations, with an increase of 45.5% from 2023 to 2024. This shows growth potential, even though there are limited actors in the industry.

Future Outlook for Entrepreneurs

Potential and Challenges:

• Potential: Lighting equipment retail in Larvik has proven to be a stable industry with high margins, even though there are limited actors. This shows that there may be potential for growth, especially with an increase in revenue of 45.5% from 2023 to 2024.
• Challenges: There is a significant variation in the number of employees and revenue over time, which can be a challenge for entrepreneurs looking to establish themselves in the industry. This may indicate a need for stable operational economics and good control over costs and revenues.

Recommendation: Entrepreneurs should consider establishing themselves in Larvik, but it is important to be aware of the fluctuating operational results and number of employees. It may be beneficial to collaborate with existing companies in the industry to gain insight into the local market and operational economics.

Conference Center Industry in Larvik:

• Number of Companies: There are 75 companies in the conference center industry in Larvik, showing that this is a larger and more diversified industry compared to lighting equipment retail.
• Revenue: Revenue has proven to be stable with an increase of 7.3% from 2023 to 2024. This shows that the conference center industry has good growth potential in Larvik.
• Number of Employees: The number of employees has been unstable, decreasing from 373 in 2016 to 315 in 2024. This may indicate challenges in maintaining a stable workforce.

Peer Companies in the Conference Center Industry:

• Bassengutstyr As: Has revenue of NOK 104.6 million and 17 employees.
• Plantasjen Norge As Avd Larvik: Has revenue of NOK 19.8 million and 16 employees.
• Novasolo As: Has revenue of NOK 73.1 million and 17 employees.
• Byggmax Larvik: Has revenue of NOK 105.1 million and 7 employees.
• Europris Nanset 441: Has revenue of NOK 54.3 million and 20 employees.

Conclusion: The conference center industry in Larvik has a larger number of companies and higher revenue compared to lighting equipment retail. This shows that there may be potential for growth in the conference center industry, even though there are challenges in maintaining a stable workforce.

Lighting equipment retail in Larvik is a small but dynamic industry with a single business: K Eng & Co As Lampehuset Larvik. This company has proven to be stable with high margins, even though there have been variations in the number of employees and revenue over time. The industry has a unique position in Larvik, with a combination of high operating margins and a market size that shows growth potential, even though there are limited actors. Entrepreneurs should consider establishing themselves in Larvik, but it is important to be aware of the fluctuating operational results and number of employees. It may be beneficial to collaborate with existing companies in the industry to gain insight into the local market and operational economics.