Electric Goods Retail in Drammen: Current Status and Future Outlook

Electric goods retail in Drammen represents a small but growing sector in the municipality. In 2025, there are 3 registered companies in the industry, with a total of 19 employees and annual revenue of 82.4 million Norwegian kroner. In recent years, the industry has shown stable revenue growth (an increase of 25.1% from 2024 to 2025) and employees (22 employees in 2025, although there is a decline to 20 employees in 2026). The EBITDA margin is at 2%, indicating that the operating profit is relatively low compared to revenue. The industry has not registered any bankruptcies in recent years, suggesting a stable industry structure.

The industry has shown clear growth in revenue and number of employees in recent years. Revenue has increased from 15.8 million Norwegian kroner in 2018 to 82.4 million Norwegian kroner in 2025, with an average annual growth of 20.5%. The number of employees has increased from 0 in 2016 to 19 in 2025, although there is a decline to 20 employees in 2026. The EBITDA margin has remained stable at around 2% throughout the entire period, suggesting that the operating profit is low compared to revenue. This may be due to high operating costs or low pricing in the sector.

There are 3 companies registered in the industry in Drammen:

1. Elektroimportøren Norge As Avd Åssiden (Ingeniør Rybergs gate 56) – AS, established in 2018, 10 employees, revenue 36.7 million Norwegian kroner, EBITDA 783.4 thousand Norwegian kroner.
2. Elektroimportøren Norge As Avd Strømsø (Austadgata 21) – AS, established in 2022, 9 employees, revenue 43.1 million Norwegian kroner, EBITDA 919.6 thousand Norwegian kroner.
3. Åssiden Hvitevare As (Ingeniør Rybergs gate 44) – AS, established in 2025, 0 employees, revenue 0 Norwegian kroner.

All companies are organized as AS, and there are no bankruptcy registrations. Åssiden Hvitevare As is a newly established company without any operating profit yet.

The industry is concentrated in Drammen, with 2 companies and 19 employees in a single area. Operating income and revenue in this area are high (79.9 million Norwegian kroner), indicating that it is an important commercial area for electric goods in the municipality. There is no registered activity in other districts of Drammen.

The industry has not registered any bankruptcies in recent years, suggesting a stable industry structure. Nevertheless, the number of employees shows a slightly unstable development, with a decline from 22 employees in 2025 to 20 employees in 2026. This may be due to variations in operational activity or company structure. There are no bankruptcy registrations for the registered companies, indicating that the industry has good adaptability.

For entrepreneurs, the industry in Drammen represents an attractive opportunity, especially with the growth in revenue and number of employees in recent years. It is, however, important to note the low EBITDA margin (2%), indicating that the operating profit is relatively low compared to revenue. This may be due to high operating costs or competitive pricing in the sector. Entrepreneurs should consider focusing on efficient operations and differentiation to achieve better margins. SmartGrunder can help find optimal addresses in Drammen for this industry, based on development trends and market conditions.

When comparing electric goods retail with the broader agriculture sector in Drammen, the data shows that agriculture has more companies (77) and higher revenue (1,308.7 million Norwegian kroner in 2025). Nevertheless, electric goods retail has shown more stable growth in the number of employees (from 0 in 2016 to 19 in 2025) compared to agriculture, which has a decline in the number of employees from 426 in 2021 to 413 in 2026. The EBITDA margin for agriculture is higher (not provided in the data, but generally higher in agricultural companies), indicating better operating results in this sector. Nevertheless, electric goods retail has shown more consistent revenue growth, which can be an advantage for new players in the sector.

Electric goods retail in Drammen represents a small but growing sector with potential for further development. With stable revenue and employee growth, as well as no bankruptcy registrations, the industry is attractive for new players. Nevertheless, it is important to be aware of the low EBITDA margin, which can affect profit security. Entrepreneurs should consider focusing on efficient operations and differentiation to achieve better margins. SmartGrunder can help find optimal addresses in Drammen for this industry, based on development trends and market conditions.