Industry · municipality
Electronics Retail in Kinn: Current Situation and Future Outlook
Analysis of companies, statistics, and prospects for electronics retail in Kinn municipality (Vestland). This includes economic trends, distribution of activity, operational dynamics, and comparison with agriculture in Kinn.
Brief Overview of Electronics Retail in Kinn
Electronics retail in Kinn has a relatively stable existence with 5 registered companies in the municipality. In recent years, the industry has experienced variations in sales and number of employees, with a significant decline in 2019 and 2020 before a gradual increase again in 2025. Geographically, the activity is concentrated in Florø and Deknepollen, with less presence in Måløy. The industry shows both stability and variations in wage and operating margins, which may indicate different business models and market positions.
Economic Overview
Sales and Employee Development
Sales (NOK):
| Year | Sales (NOK) | Year-over-Year Change |
|---|---|---|
| 2016 | 83.3M | - |
| 2017 | 109.9M | +31.9% |
| 2018 | 121.5M | +10.6% |
| 2019 | 84.4M | -30.5% |
| 2020 | 101.4M | +20.1% |
| 2021 | 100.6M | -0.8% |
| 2022 | 93.3M | -7.2% |
| 2023 | 70.2M | -24.7% |
| 2024 | 60.6M | -13.8% |
| 2025 | 82.1M | +35.6% |
Employees:
| Year | Number of Employees | Year-over-Year Change |
|---|---|---|
| 2016 | 55 | - |
| 2017 | 71 | +29.1% |
| 2018 | 90 | +26.8% |
| 2019 | 50 | -44.4% |
| 2020 | 50 | +0.0% |
| 2021 | 54 | +8.0% |
| 2022 | 51 | -5.6% |
| 2023 | 35 | -31.4% |
| 2024 | 30 | -14.3% |
| 2025 | 36 | +20.0% |
| 2026 | 28 | -22.2% |
Sales reached its highest point in 2018 (121.5M NOK) before a sharp decline in 2019. There has been a gradual increase since 2023, with a significant rise of 35.6% in 2025. The number of employees reached its highest level in 2018 (90 employees) before a sharp decline in 2019 and 2020.
Companies in the Industry
Registered Companies
In Kinn, the following companies are registered in electronics retail:
- Elkjøp Fjordane As Avd Florø (Fugleskjærgata 6, Florø) – AS, 15 employees, operating income 55.1M NOK, sales 55.2M NOK.
- Elkjøp Fjordane As Avd Måløy (Myrane 13, Deknepollen) – AS, 4 employees, operating income 28.7M NOK, sales 28.7M NOK.
- Sunnfjord Elektromarked As Power Florø (Hestenesgata 2, Florø) – AS, 4 employees, operating income 13.5M NOK, sales 13.5M NOK.
- Mimar Holding As (Fugleskjærgata 10, Florø) – AS, 2 employees, operating income 1.6M NOK, sales 1.6M NOK.
- Radio Tv Service V/åge Oppedal (Gate 1 39, Måløy) – ENK, 2 employees, operating income 0 NOK, sales 0 NOK.
Organizational Forms
- AS (Stock Company): 4 companies, 25 employees, operating income 98.8M NOK, sales 98.9M NOK.
- ENK (Sole Proprietorship): 1 company, 2 employees, operating income 0 NOK, sales 0 NOK.
Business Geography
Distribution of Activity in the Municipality
Electronics retail in Kinn is concentrated in the following areas:
- Florø: 3 companies, 21 employees, operating income 70.2M NOK, sales 70.2M NOK.
- Deknepollen: 1 company, 4 employees, operating income 28.7M NOK, sales 28.7M NOK.
- Måløy: 1 company, 2 employees, operating income 0 NOK, sales 0 NOK.
Florø is the most active area with 3 companies and higher sales and employment. Deknepollen has a single, but relatively large company activity, while Måløy has low activity with a company reporting 0 sales and employees.
Operational Dynamics and Bankruptcy Statistics
Within electronics retail in Kinn, there are no registered bankruptcies in the companies. However, data shows that there are variations in operating results:
- Elkjøp Fjordane As Avd Florø has a positive EBITDA of 1.3M NOK.
- Sunnfjord Elektromarked As Power Florø has a negative EBITDA of -150.4K NOK.
- Mimar Holding As has a negative EBITDA of -918.0K NOK.
- Radio Tv Service V/åge Oppedal has 0 sales and employees.
This shows that the industry has both stable and unstable companies, which may indicate different business models and market positions.
Future Outlook
Future Outlook for Electronics Retail in Kinn
Electronics retail in Kinn shows a gradual increase in sales after a sharp decline in 2019 and 2020. With a rise of 35.6% in 2025, this may indicate an improvement in market position or increased consumption in the municipality. This could be an opportunity for new players, especially if they can adapt to consumer needs and compete effectively. However, it is important to be aware of variations in operating results and EBITDA margins, which can affect company stability.
Comparison with Agriculture in Kinn
Agriculture is a broader industry category in Kinn with 8 companies, compared to 5 companies in electronics retail. Sales and number of employees show similar trends, with a sharp decline in 2019 and an increase in 2025. EBITDA margins, however, vary: agriculture has a higher average EBITDA margin compared to electronics retail. This may indicate that agriculture has a more stable operational structure, while electronics retail has greater variations in wage and operating margins.
Peer Companies in Agriculture
| Name | Address | Sales (NOK) | Number of Employees | EBITDA (NOK) |
|---|---|---|---|---|
| Systemintegrering As | Skipardalen 14, 6908 Florø | 271.0K | 1 | 25.0K |
| Farstad Optikk As | Gate 1 51, 6700 Måløy | 0 | 4 | 0 |
| Galleri Kinn Kunst & Formings Art Børge Bjartmann Bjerck | Strandgata 13, 6905 Florø | 0 | 0 | 0 |
These companies are not direct competitors, but they show that agriculture in Kinn includes a wide range of businesses, from technology stores to optician shops and arts-related businesses.
Other companies in landbruk (not in electronics store)
| Company | Industry | Address | Sales | Employees | EBITDA |
|---|---|---|---|---|---|
| Systemintegrering As | computer store | Skipardalen 14, 6908 Florø | NOK 271.0K | 1 | NOK 25.0K |
| Farstad Optikk As | optical store | Gate 1 51, 6700 Måløy | NOK 0 | 4 | NOK 0 |
| Galleri Kinn Kunst & Formings Art Børge Bjartmann Bjerck | audio equipment / musical instruments store | Strandgata 13, 6905 Florø | NOK 0 | 0 | NOK 0 |
Conclusion
Electronics retail in Kinn shows both stability and variations in sales and operating results. With a gradual increase in sales after 2020 and a relatively stable number of employees, the industry could be an attractive opportunity for new players. However, it is important to be aware of variations in operating results and EBITDA margins, which can affect company stability. SmartGrunder can help entrepreneurs explore potential addresses in Kinn for this industry, with a focus on market prospects and operational conditions.