Industry · municipality
Electrical Goods Stores in Lindesnes: Industry Analysis and Development Trends
Analysis of Companies, Economic Data, and Prospects for Entrepreneurs in Lindesnes Municipality
Key Figures and Development Trends
Lindesnes has one registered electrical goods store, Berges Elektro A/s, operating in Mandal. The company had a sales volume of NOK 4.3 million and 5 employees in 2024. Economic indicators show a highly uncertain development: EBITDA is negative (-NOK 978,000) and the operating margin is at -24%. This indicates high costs relative to revenue. At the same time, annual data shows that the number of employees has varied between 0 and 11 over the past few years, with a significant decline from 2021 to 2022 (-27.3%).
Bankruptcy Security
None of the registered companies in this sector are registered as bankrupt, but financial indicators show that the company has a high debt level (NOK 5.3 million) compared to equity (NOK 1.2 million). This could be a risk for future stability.
Comparison with Broader Sector
The broader agriculture sector in Lindesnes has 22 companies, showing that electrical goods stores are a smaller sector. Agriculture has a more stable sales development (increase of +6.2% in 2024) compared to electrical goods stores, which had a decline of -7.8% in 2024.
Sales and Employee Development
The table below shows annual data for sales and number of employees in electrical goods stores in Lindesnes:
| Year | Sales (NOK) | Employees |
|---|---|---|
| 2016 | 7.7M | 8 |
| 2017 | 7.2M | 6 |
| 2018 | 6.8M | 6 |
| 2019 | 6.5M | 7 |
| 2020 | 6.4M | 8 |
| 2021 | 8.1M | 11 |
| 2022 | 4.5M | 8 |
| 2023 | 4.7M | 5 |
| 2024 | 4.3M | 5 |
Development Trends
- Sales: There has been a sharp decline in sales from 2021 to 2022 (-44.4%), followed by a weak increase in 2023 (+4.8%) and a new decline in 2024 (-7.8%).
- Employees: The number of employees increased sharply in 2021 (+37.5%), but has since decreased by -37.5% from 2022 to 2023 and -100% from 2024 to 2025.
Companies in the Sector
Registered Companies
There is one company in this sector registered in Lindesnes:
| Company | Address | Organizational Form | Employees | Sales (NOK) | EBITDA (NOK) |
|---|---|---|---|---|---|
| Berges Elektro A/s | Skarvøyveien 49, Mandal | AS | 7 | 4.3M | -978,000 |
Organizational Form
- AS: 1 company, 7 employees, sales of NOK 4.3 million and EBITDA of -NOK 978,000.
Geographic Distribution
Distribution of Activity
Electrical goods store activity in Lindesnes is concentrated in Mandal:
| Location | Number of Companies | Number of Employees | Sales (NOK) | EBITDA (NOK) |
|---|---|---|---|---|
| Mandal | 1 | 7 | 4.3M | -978,000 |
No activity registered in other parts of the municipality.
Bankruptcies and Financial Challenges
- Bankruptcies: None of the companies in this sector are registered as bankrupt.
- Financial Challenges: Berges Elektro A/s has a high debt level (NOK 5.3 million) compared to equity (NOK 1.2 million). EBITDA is negative (-NOK 978,000), and the operating margin is at -24%, indicating high costs relative to revenue.
Outlook for Entrepreneurs
Development for Entrepreneurs
Electrical goods stores in Lindesnes show an uncertain development with large variations in sales and number of employees. This can be a challenge for new entrepreneurs, but it may also provide opportunities to establish themselves in a less competitive market segment. It is important to consider financial risk factors, such as high debt and negative EBITDA, before starting such a company.
Comparison with Agriculture
The broader agriculture sector in Lindesnes has 22 companies, showing that electrical goods stores are a smaller sector. Agriculture has a more stable sales development (increase of +6.2% in 2024) compared to electrical goods stores, which had a decline of -7.8% in 2024. The table below shows some of the key companies in agriculture that are not in the electrical goods store sector:
| Company | Address | EBITDA (NOK) | Employees | Sales (NOK) |
|---|---|---|---|---|
| Mandal Elektromarked As | Store Elvegate 106, 4517 Mandal | 2.2M | 10 | 42.6M |
| Synsam Mandal | Skarvøyveien 55, 4517 Mandal | 1.4M | 11 | 7.4M |
| Mandal Specsavers As | Bryggegata 22, 4514 Mandal | 873,000 | 9 | 10.9M |
Agriculture has a higher EBITDA and more stable sales volume compared to electrical goods stores.
Other companies in landbruk (not in electric goods store)
| Company | Industry | Address | Sales | Employees | EBITDA |
|---|---|---|---|---|---|
| Mandal Elektromarked As | electronics store | Store Elvegate 106, 4517 Mandal | NOK 42.6M | 10 | NOK 2.2M |
| Synsam Mandal | optical store | Skarvøyveien 55, 4517 Mandal | NOK 7.4M | 11 | NOK 1.4M |
| Mandal Specsavers As | optical store | Bryggegata 22, 4514 Mandal | NOK 10.9M | 9 | NOK 873.0K |
| Larsen Optikk As | optical store | Apotekerbrotet 9, 4517 Mandal | NOK 8.1M | 5 | NOK 567.0K |
| Tonica Musikk As | audio equipment / musical instruments store | Apotekerbrotet 7, 4517 Mandal | NOK 7.2M | 4 | NOK 194.0K |
| Mlk Eiendom As | optical store | Molkebakken 25, 4517 Mandal | NOK 0 | 0 | NOK 173.0K |
| Helsoteket As | optical store | Store Elvegate 11, 4514 Mandal | NOK 1.4M | 1 | NOK 125.0K |
| Scrappegarasjen As | audio equipment / musical instruments store | Daleveien 226, 4517 Mandal | NOK 1.9M | 1 | NOK 91.0K |
| Atelier Båly Linda Haug | audio equipment / musical instruments store | Båly, 4521 Lindesnes | NOK 0 | 0 | NOK 0 |
| Brilleland Avd 519 Mandal | optical store | Skarvøyveien 55, 4517 Mandal | NOK 0 | 9 | NOK 0 |
| Cape Cod As | electronics store | Skarvøyveien 49, 4517 Mandal | NOK 0 | 0 | NOK 0 |
| Crypto As | electronics store | Store Elvegate 106, 4517 Mandal | NOK 0 | 0 | NOK 0 |
| Digre Prosjekt Da | electronics store | Skogsvingen 11, 4517 Mandal | NOK 0 | 0 | NOK 0 |
| Flp Nordic Ans | electronics store | Almeveien 34, 4515 Mandal | NOK 0 | 0 | NOK 0 |
| Flp Nordic Ans | electronics store | Almeveien 34, 4515 Mandal | NOK 0 | 0 | NOK 0 |
| Gjerdal Harddisk Data Da | computer store | Amaldus Nielsens gate 7A, 4514 Mandal | NOK 0 | 0 | NOK 0 |
| Kaffe Med Bryndzei | electronics store | Lauras vei 79, 4515 Mandal | NOK 0 | 0 | NOK 0 |
| Ursulas Photoart Ursula Schutz | audio equipment / musical instruments store | c/o Ursula Schutz|Lillehavnsveien 79, 4521 Lindesnes | NOK 0 | 0 | NOK 0 |
| H F Automater As | electronics store | Gustav Vigelands vei 14, 4514 Mandal | NOK 116.0K | 0 | NOK -30.0K |
| Liguno As | computer store | c/o Espen Gumpen|Gjervoldstadveien 217, 4517 Mandal | NOK 488.0K | 0 | NOK -97.0K |
| Powerdamp As | electronics store | Skarvøyveien 16, 4517 Mandal | NOK 2.6M | 9 | NOK -235.0K |
Conclusion
Electrical goods stores in Lindesnes are a small but active industry with one registered company. The development has been uncertain with large variations in sales and number of employees. Financial challenges, such as high debt and negative EBITDA, can be a challenge for future stability. At the same time, the comparison with agriculture shows that the broader sector has a more stable development. Entrepreneurs should carefully consider these factors before establishing themselves in this industry. SmartGrunder can help find suitable addresses in Lindesnes for this industry.