Electrical Goods Retail in Ålesund

Industry Overview

Electrical goods retail in Ålesund is a small but dynamic industry with a single company: Elektroimportøren Norge As Avd Ålesund. The company has shown strong economic results, with a sales volume of NOK 38.3 million and an EBITDA of NOK 817,500 in 2025. The industry has experienced significant growth since 2018, but also faced a decline in 2023. This shows that the industry has potential, but also challenges related to market fluctuations.

Sales and Employees:

• Sales: The industry had a growth of +585.8% from 2018 to 2019, reaching a peak of NOK 42.7 million in 2021. There was a decline of -19.7% from 2022 to 2023, followed by a mild increase of +14.4% in 2025.
• Employees: The number of employees increased from 1 in 2018 to 10 in 2021, but decreased to 8 in 2023 before rising to 10 in 2025.

Economic Indicators:

• EBITDA margin: 2% in 2025, indicating a relatively low margin compared to sales volume.
• Gross margin: Up to 1040%, suggesting the company has low variable costs relative to sales.
• Debt: The company has a debt of NOK 11 million, which could be a challenge for future development.

In Ålesund, one company is registered in the electrical goods retail industry:

More Information:

• The company is not bankrupt according to 2025 data.
• The legal form is AS, which is common for larger businesses.
• The company has been in operation since 2018 and has shown stable growth in employee numbers and sales until 2023.

In Ålesund, there is one location with activity in the electrical goods retail industry:

No other districts or locations in the municipality report activity in this industry.

Bankruptcies and Stability:

• There are no bankruptcies reported for companies in the electrical goods retail industry in Ålesund from 2018 to 2025.
• The company Elektroimportøren Norge As Avd Ålesund has been stable in operation since 2018, with growth in employee numbers and sales until 2021, followed by a decline in 2023.

Outlook for Future Dynamics:

• This stability suggests the industry has low bankruptcy risk, but the declining trend in 2023 may indicate market challenges or economic pressure.

For entrepreneurs in the electrical goods retail industry in Ålesund, there are both opportunities and challenges:

Opportunities:

• Stable market: The single company has shown good economic stability since 2018, indicating a strong market for electrical goods in the municipality.
• High gross margin: A gross margin of 1040% shows potential for high income per sale.
• Low bankruptcy risk: No bankruptcies reported between 2018–2025.

Challenges:

• Small market size: Only one company in the industry, which may indicate a small market or low competitiveness.
• Decline in 2023: A sales decline of -19.7% from 2022 to 2023 could be a warning sign of market fluctuations.

Recommendation: Entrepreneurs should consider analyzing the causes of the 2023 decline and assess whether there is potential to exploit any market gaps.

Contrast to Electrical Goods Retail:

• Number of companies: Agriculture has 43 companies in Ålesund, while electrical goods retail has 1 company.
• Sales: Agriculture had a sales volume of NOK 684 million in 2025, while electrical goods retail had NOK 39.6 million.
• Employees: Agriculture had 240 employees in 2026, while electrical goods retail had 10 employees in 2025.

Peer companies in agriculture:

Conclusion: Agriculture has a much larger market size and more companies, but electrical goods retail has a higher gross margin and lower debt per company.

Electrical goods retail in Ålesund is a small but economically stable industry with growth potential. The single company, Elektroimportøren Norge As Avd Ålesund, has shown good economic performance, but the sales decline in 2023 should be analyzed further. Entrepreneurs should consider leveraging the high gross margin and low bankruptcy risk, but also be aware of market challenges. SmartGrunder can help entrepreneurs find suitable locations and analyze market prospects in Ålesund for this industry.