Electronics storage in Kongsvinger: Current situation and future outlook

Electronics storage in Kongsvinger is a relatively small but active sector with four registered companies. In recent years, the industry has experienced both growth and decline, with a significant reduction in sales and number of employees after 2021. Although there are signs of instability, there are still established players such as Elkjøp Kongsvinger AS and Power Norge AS Avd Kongsvinger, which have shown gradual growth in previous years. The industry has a high average gross profit margin (2611%), but lower EBITDA margins (1%), which may indicate high operating costs or competitive market conditions.

Sales and employees

• Sales: The industry had high sales of NOK 210.2 million in 2021, but this dropped to NOK 68.0 million in 2025, a decline of 67.6%.
• Employees: The number of employees reached a maximum of 47 in 2019, but has since fallen to 40 in 2025, a decline of 14.9%.

Economic indicators

• EBITDA margin: In 2023, the EBITDA margin was at 1%, which is lower than the average for many other sectors.
• Average gross profit margin: 2611%, which is extremely high and may be due to specific factors such as high selling prices or low operating costs.

Development over time

• Sales grew by 30.4% between 2017 and 2018, but fell sharply by 45.8% between 2024 and 2025.
• The number of employees grew by 12.8% between 2017 and 2018, but declined by 9.1% between 2024 and 2025.

Registered companies

1. Elkjøp Kongsvinger AS (Industrivegen 3, Kongsvinger)

• Organizational form: AS
• Founded: 2024-03-07
• Number of employees: 21
• Sales: NOK 0 (2025)

1. Power Norge AS Avd Kongsvinger (Otto Wengs veg 7, Kongsvinger)

• Organizational form: AS
• Founded: 2007-10-18
• Number of employees: 17
• Sales: NOK 58.3 million (2025)

1. Kongsvinger Elektriske AS (Brugata 28, Kongsvinger)

• Organizational form: AS
• Founded: 1971-12-31
• Number of employees: 4
• Sales: NOK 6.7 million (2025)

1. Ivar Hagen Elektriske Innehaver Rolf Ivar Hagen (Eidskogvegen 50B, Kongsvinger)

• Organizational form: ENK
• Founded: 2011-01-31
• Number of employees: 0
• Sales: NOK 0 (2025)

Organizational form

• AS: 3 companies, 42 employees, NOK 65.2 million operating income, NOK 65.0 million sales, NOK 7.8 million wages, NOK 716.3 thousand operating profit, NOK 996.7 thousand EBITDA, NOK 1,696.6 million gross profit, NOK 3.9 million equity, NOK 10.4 million debt, 9% sales growth, NOK 3.3 million operating income per employee, 1% EBITDA margin, NOK 51.2 thousand EBITDA per employee, 2611% gross profit margin, 1% operating margin.

Distribution of activity in the municipality

• Kongsvinger: 4 companies, 42 employees, NOK 65.2 million operating income, NOK 65.0 million sales, NOK 7.8 million wages, NOK 716.3 thousand operating profit, NOK 996.7 thousand EBITDA, NOK 1,696.6 million gross profit, NOK 3.9 million equity, NOK 10.4 million debt, 9% sales growth, NOK 3.3 million operating income per employee, 1% EBITDA margin, NOK 51.2 thousand EBITDA per employee, 2611% gross profit margin, 1% operating margin.

Bankruptcies and operational efficiency

• Bankruptcies: None of the four companies are registered as bankrupt, but two of them (Kongsvinger Elektriske AS and Ivar Hagen Elektriske Innehaver Rolf Ivar Hagen) have negative EBITDA values or zero sales in 2025, which may indicate economic challenges.
• Operational efficiency: Power Norge AS Avd Kongsvinger has a positive EBITDA (NOK 1.4 million) and an EBITDA margin of 2%, which shows better operating results compared to the other companies.
• Outlook: The companies that have shown growth (such as Power Norge AS Avd Kongsvinger) have higher sales and better EBITDA margins, which may be an indicator of stronger market position.

Electronics storage in Kongsvinger has shown a significant decline in sales and number of employees after 2021, which may be a challenge for new players. However, there are still established companies such as Power Norge AS Avd Kongsvinger, which have shown growth and better operating results. Entrepreneurs should consider differentiating themselves through specialization, customer customization, or innovation to compete in a market with lower EBITDA margins and higher operating costs. It is also important to be aware of the companies that have negative EBITDA values or zero sales, which may be an indicator of economic risks in the sector.

Comparison with agriculture

• Number of companies: Agriculture has 17 companies in Kongsvinger, while electronics storage has 4 companies.
• Sales: Agriculture had NOK 283.7 million in 2021, while electronics storage had NOK 210.2 million in the same year.
• Employees: Agriculture had 72 employees in 2021, while electronics storage had 47 employees in the same year.
• EBITDA margin: Agriculture had a higher EBITDA margin compared to electronics storage, which may indicate better operating results in agriculture.

Peer companies in agriculture

• Glåmdal Optikk AS (Brugata 8, 2212 Kongsvinger): NOK 27.0 million sales, NOK 5.2 million EBITDA, 9 employees.
• Synsam Kongsvinger (Brugata 15, 2212 Kongsvinger): NOK 11.9 million sales, NOK 2.2 million EBITDA, 7 employees.
• Kongsvinger Optiske AS (Storgata 8, 2212 Kongsvinger): NOK 5.1 million sales, NOK 448.0 thousand EBITDA, 8 employees.
• Telekiosken Kongsvinger AS (Brugata 15, 2212 Kongsvinger): NOK 17.4 million sales, NOK 898.0 thousand EBITDA, 0 employees.

Conclusion

Agriculture has a larger number of companies and higher sales compared to electronics storage, but both sectors have experienced declines in recent years. Entrepreneurs should consider analyzing both sectors to find possible synergies or differentiation opportunities.

Electronics storage in Kongsvinger has shown both growth and decline in recent years, with a significant reduction in sales and number of employees after 2021. Although there are signs of instability, there are still established companies that can provide inspiration for new players. Entrepreneurs should consider differentiating themselves through specialization, customer customization, or innovation to compete in a market with lower EBITDA margins and higher operating costs. SmartGrunder can help entrepreneurs find suitable addresses in Kongsvinger for electronics storage, based on natural conditions and market outlooks.