Electronics Retail in Øvre Eiker: Industry Analysis and Outlook

Electronics retail in Øvre Eiker is a small but stable industry dominated by a single company, Borge Butikk As. The industry has shown gradual growth in sales and employees in recent years, with an 11.0% increase in sales from 2024 to 2025. Øvre Eiker has a unique advantage with a single, prosperous company that has demonstrated strong economic performance, including an EBITDA margin of 4% and a gross margin of 20%. This indicates that the industry has potential for further development, even though it is currently limited to one company.

Economic Trends

• Sales: Sales for electronics retail in Øvre Eiker have grown from NOK 36.1 million in 2016 to NOK 58.7 million in 2025, with an average annual growth of 5.5%. The most significant increase was from 2023 to 2024 (+10.3%).
• Employees: The number of employees has varied between 10 and 18, stabilizing at 13 employees from 2024 onward. There was a +30.0% increase from 2023 to 2024.
• Economic Indicators: Borge Butikk As has a high gross profit (20%) and an EBITDA of NOK 2.8 million, with an EBITDA margin of 4%.

Industry Structure

The industry consists of one company, Borge Butikk As, registered as an AS and operating since 1989. There are no bankruptcy registrations for the company, indicating stable and successful operations.

Registered Companies

• Borge Butikk As: Registered at Sundmoen Næringsområde 12, Hokksund. The company has 13 employees and is organized as an AS. Incorporation date: January 2, 1989. Economic data includes:
• Sales: NOK 59.1 million
• Operating profit: NOK 2.6 million
• EBITDA: NOK 2.8 million
• Gross profit: NOK 12.2 million
• EBITDA margin: 4%
• Gross margin: 20%

Organizational Forms

• AS: One company, with 13 employees and an operating profit per employee of NOK 4.5 million. No other organizational forms are registered in the industry.

Geographic Distribution

• Hokksund: The single location in Øvre Eiker with one company in the electronics retail industry. There are 13 employees and an operating income of NOK 59.1 million. Other key data:
• Sales: NOK 59.1 million
• Wages: NOK 4.9 million
• Operating profit: NOK 2.6 million
• EBITDA: NOK 2.8 million
• Gross profit: NOK 12.2 million
• EBITDA per employee: NOK 210,400
• Gross margin: 20%

Conclusion

Hokksund is the only location in Øvre Eiker with activity in the electronics retail industry. This is a unique advantage for the company, but it is also a limitation in terms of developing a more diversified industry in the municipality.

Operational Dynamics

• Employees: The number of employees has grown from 10 in 2023 to 13 in 2024, a +30.0% increase. This is a stabilization after a decline of -9.1% from 2022 to 2023.
• Bankruptcy Statistics: There are no bankruptcy registrations for companies in the industry in Øvre Eiker, indicating stable operations.
• Bankrupt Companies: No bankrupt companies are registered in the industry, underscoring the good financial health of the single company.

Development Trends

The industry has shown gradual improvement in recent years, with increases in both sales and the number of employees. This indicates that Borge Butikk As has managed to adapt to market conditions and maintain stable operations.

Outlook for Entrepreneurs

The electronics retail industry in Øvre Eiker has shown positive development in recent years, with a +11.0% increase in sales from 2024 to 2025. The single company, Borge Butikk As, has demonstrated strong economic performance, with an EBITDA margin of 4% and a gross margin of 20%. This indicates that the industry has potential for further development, even though it is currently limited to one company.

For entrepreneurs, this could be an opportunity to establish themselves in a stable and successful industry. However, it is important to be aware of the unique conditions in Øvre Eiker, where the industry is dominated by one company. SmartGrunder can help entrepreneurs find suitable addresses and develop strategies that adapt to local conditions.

Comparison with Agriculture

• Agriculture: The broader industry in Øvre Eiker has 6 companies, compared to one in the electronics retail industry. Sales for agriculture have grown from NOK 39.9 million in 2016 to NOK 62.9 million in 2025, with an average annual growth of 5.3%.
• Employees: The number of employees in agriculture has varied between 13 and 24, stabilizing at 17 employees from 2024 onward. There was a +5.9% increase from 2025 to 2026.
• Peer Companies: Examples of companies in agriculture that are not in the electronics retail industry include:
• Hokksund Optiske As: Sales NOK 4.2 million, EBITDA NOK 146,000, 7 employees.
• Akvarella Kunst & Håndverk Gunn Benthe Skadsheim: Sales NOK 0, EBITDA NOK 0, 0 employees.
• Lien Retro: Sales NOK 0, EBITDA NOK 0, 0 employees.

Conclusion

Agriculture has a larger number of companies and slightly higher sales growth compared to the electronics retail industry. This indicates that agriculture is a more diversified and stable industry in Øvre Eiker. Nevertheless, the electronics retail industry has shown strong economic performance and potential for further development.

The electronics retail industry in Øvre Eiker is a small but stable industry with a single company that has demonstrated strong economic performance. The industry has shown gradual growth in sales and the number of employees in recent years, with a +11.0% increase in sales from 2024 to 2025. This indicates that the industry has potential for further development, even though it is currently limited to one company.

Compared to agriculture, which is a more diversified industry in the municipality, the electronics retail industry has shown strong economic performance and stable operations. For entrepreneurs, this could be an opportunity to establish themselves in a stable and successful industry. SmartGrunder can help entrepreneurs find suitable addresses and develop strategies that adapt to local conditions.