Electronics in Eidsvoll: Current Status and Future Perspectives

The electronics industry in Eidsvoll consists of three registered companies, with a clear concentration in Råholt. The industry has shown variable development over the years, with a sales increase of 1.1% from 2023 to 2024, even though the number of employees has decreased from 20 to 17. Elbu Eidsvoll As is the dominant company with 17 employees and a sales volume of 41.3 million Norwegian kroner. At the same time, there are two smaller companies in Eidsvoll that do not report activity. The industry has no bankruptcy registrations, but shows large variations in financial performance between companies.

Sales for the electronics industry in Eidsvoll have shown a weak positive trend over the past few years, with an increase from 40.3 million Norwegian kroner in 2023 to 40.7 million Norwegian kroner in 2024. The number of employees has been more volatile, with a maximum of 20 employees in 2023 and a decrease to 17 employees in 2024. The EBITDA margin is at 1%, while the gross margin is at 19%. There are no bankruptcy registrations in the industry, but there are large variations in financial performance between companies.

There are three companies registered in the electronics industry in Eidsvoll:

1. Elbu Eidsvoll As (Trondheimsvegen 266, Råholt) – AS entity, 17 employees, sales of 41.3 million Norwegian kroner, EBITDA of 428,000 Norwegian kroner.
2. Eidsvoll Elektro Og Kjøkken As (Myhrersvingen 12, Eidsvoll) – AS entity, 2 employees, no activity.
3. Bøn Audio Åsmund Eilert Støren (Finnbråtavegen 29, Eidsvoll) – ENK entity, 0 employees, no activity.

The organizational forms are dominated by AS entities (2 companies), with a total number of employees of 19.

The electronics industry in Eidsvoll is concentrated in two areas:

1. Råholt – 1 company, 17 employees, sales of 41.3 million Norwegian kroner, operating income of 42.2 million Norwegian kroner, EBITDA of 428,000 Norwegian kroner.
2. Eidsvoll – 1 company, 2 employees, no activity.

Råholt is the only area with activity in the industry, with a clear dominance of Elbu Eidsvoll As.

There are no bankruptcy registrations in the electronics industry in Eidsvoll. Nevertheless, data shows significant variations in financial performance: Elbu Eidsvoll As has a negative operating profit of 526,000 Norwegian kroner, while the other two companies report no activity. This shows that the industry has both stable and unstable actors, with a large dependence on individual companies for total activity.

For entrepreneurs considering starting an electronics business in Eidsvoll, data shows that there is an existing infrastructure in Råholt with an active company (Elbu Eidsvoll As) that can serve as a reference. Nevertheless, there are significant variations in financial performance, and there are no bankruptcy registrations, which indicates a relative stability. Challenges include competition from individual companies and the weak economic performance of some actors.

Compared to the broader agriculture industry (industry2) in Eidsvoll, the electronics industry shows fewer companies (3 vs. 16), but with higher sales per company (average 13.5 million Norwegian kroner vs. 3.0 million Norwegian kroner in agriculture). Agriculture has a more stable development in the number of employees (40 in 2022 vs. 31 in 2026), while the electronics industry has a more volatile development. Peer companies in agriculture include opticians and computer stores with EBITDA between -584,000 Norwegian kroner and 664,000 Norwegian kroner.

The electronics industry in Eidsvoll shows a mix of stability and variation, with a clear concentration in Råholt. Elbu Eidsvoll As is a dominant actor, while the other two companies have lower activity. For entrepreneurs, there are opportunities in Råholt, but it is important to be aware of financial challenges and competition from existing companies. SmartGrunder can help analyze potential locations in the municipality for this industry.