Electronics Retail in Lyngdal

Electronics retail in Lyngdal is a small but dynamic industry with three registered companies. The three companies have a combined total of 38 employees and achieved revenue of 121.9 million NOK in 2024. The industry shows a mix of stability and variation, with a major player (Elkjøp Stormarked Lyngdal As) dominating the market. Prospects for new entrants depend on both local conditions and national trends in electronics consumption.

Economic trends

Electronics retail in Lyngdal has shown strong economic developments in recent years. Revenue increased by +18.4% from 2016 to 2017, reaching a peak of 127.3 million NOK in 2024. There is a slight decline of -6.1% in 2025, but the level remains stable. Employees have varied between 32 and 34 over the years, with an increase of +10.0% from 2021 to 2022.

Key figures in table form

Registered companies

The following companies are registered in the electronics retail industry in Lyngdal:

1. Elkjøp Stormarked Lyngdal As (Fiboveien 18) – AS, 29 employees, revenue 121.9M NOK, EBITDA 2.3M NOK
2. Lister Elektro Holding As (Fiboveien 1) – AS, 9 employees, revenue 0 NOK
3. Sørlandet Eiendom Og Invest As (Kvåstunet 1) – AS, 0 employees, revenue 0 NOK

Organizational trends

All companies are registered as AS (limited liability company), indicating a certain level of formal structure and capitalization. None of the companies are registered as bankrupt, but two of them (Lister Elektro and Sørlandet Eiendom) show zero revenue and employees.

Distribution by district

Electronics retail activity in Lyngdal is concentrated in two main areas:

• Fiboveien (Lyngdal): 2 companies (Elkjøp Stormarked and Lister Elektro), 38 employees
• Kvåstunet (Kvås): 1 company (Sørlandet Eiendom), 0 employees

This distribution shows that the Lyngdal town center is the hub of the industry, with Elkjøp Stormarked playing a key role as market leader.

Bankruptcies and dynamics

None of the companies in the electronics retail industry in Lyngdal are registered as bankrupt. Nevertheless, two of the companies (Lister Elektro and Sørlandet Eiendom) show zero revenue and employees, which may indicate temporary closure or structural challenges. This shows that the industry has both stable players and companies in transition.

Electronics retail in Lyngdal shows both opportunities and challenges for new entrants. The strong revenue (127.3M NOK in 2024) and stable employee numbers (32-34) indicate an established market. Elkjøp Stormarked Lyngdal As functions as a market leader with good financial health. Nevertheless, it is important to note that two of the companies have zero activity, which may indicate a competitive market. New entrants should consider focusing on differentiation and local conditions.

Agriculture is a broader industry in Lyngdal with 7 companies, compared to 3 companies in electronics retail. Economic trends show similar development: revenue has increased by +18.1% from 2016 to 2017 and reached 127.4M NOK in 2024. Employees have varied between 32 and 34, with a slight decline of -6.1% in 2025.

Peer companies in agriculture

Electronics retail in Lyngdal is an industry with both opportunities and challenges. The strong revenue and stable employee numbers indicate an established market, but there are also companies with zero activity. New entrants should consider focusing on differentiation and local conditions. SmartGrunder can help entrepreneurs find optimal addresses in Lyngdal for this industry.