Electronics Warehousing in Sandnes: Industry Analysis and Development Trends

Electronics warehousing in Sandnes constitutes an important part of the municipality's economy, with 11 registered companies and over 140 employees. The industry has been marked by both strong growth and challenges in recent years, with a significant sales decline in 2023. Nevertheless, there are several major players such as Elkjøp Sandnes and Power Norge As that contribute to the industry's stability. SmartGrunder can help entrepreneurs find optimal addresses in Sandnes for this industry.

Economic development

Sales in electronics warehousing in Sandnes grew by 34.4% from 2016 to 2017, but has since been marked by large fluctuations. The most dramatic decline was recorded in 2022→2023 with -79.7%. In 2024, a mild increase of 6.3% was registered.

Number of employees has varied between 130 and 158 during the period 2016–2022, with a peak in 2022. After 2023, the number of employees has decreased, and there are now 136 employees in 2026.

This shows that the industry has been marked by uncertainty, but there are signs of stabilization after 2024.

Key players in the industry

The following companies operate within electronics warehousing in Sandnes:

1. Elkjøp Sandnes (Stokkamyrveien 18B) – AS, 64 employees, founded 2003
2. Power Norge As Avd Forus (Stokkamyrveien 7) – AS, 44 employees, founded 1997
3. Netonnet AB NUF (Gamle Stokkavei 1) – NUF, 16 employees, founded 2016
4. Skousen Forus (Stokkamyrveien 22) – AS, 9 employees, founded 2016
5. Kjell & Co Norway (Gamle Stokkavei) – AS, 6–4 employees, founded 2016–2017
6. Ventex As (Bedriftsveien 20) – AS, 1 employee, founded 1994
7. Le Trading As (Bedriftsveien 15) – AS, 0 employees, founded 2020

The most represented legal forms are AS (6 companies) and NUF (1 company). There are no registered bankruptcies in the industry, but some companies have negative EBITDA margins, such as Skousen Forus (-3%) and Kjell & Co Norway (4%).

Geographic distribution

All 11 companies in the industry are registered in Sandnes, with a clear concentration in areas such as:

• Stokkamyrveien (Elkjøp, Power Norge, Skousen Forus)
• Gamle Stokkavei (Netonnet AB, Kjell & Co Norway)
• Bedriftsveien (Ventex As, Le Trading As)

There is no activity registered in other districts or municipalities. This indicates that the industry is strongly concentrated in central areas of Sandnes, which can be an advantage for entrepreneurs seeking to establish themselves near existing players.

The industry has been marked by both strong growth and challenges:

• Le Trading As (Bedriftsveien 15) had an extreme growth of 215% in 2024, with sales of 2.9M NOK and EBITDA margin of 12%.
• Skousen Forus (Stokkamyrveien 22) had a negative EBITDA margin of -3% in 2023, with losses of 858.2K NOK.
• Ventex As (Bedriftsveien 20) had an extreme growth of 57% in 2024, but with a low EBITDA margin of 1%.

There are no registered bankruptcies, but there are variations in financial health. The most stable companies have higher EBITDA margins (2–4%) and stable sales volume.

Development trends for entrepreneurs

For entrepreneurs in electronics warehousing in Sandnes, it is important to be aware of the following:

• Stable market: Even though there have been large fluctuations, there are several stable players that can provide experience and collaboration.
• Competitiveness: Companies such as Le Trading As and Ventex As show that it is possible to achieve high growth, but it requires efficient operations and marketing.
• Low bankruptcy risk: There are no registered bankruptcies, but there are variations in financial health. Entrepreneurs should consider establishing themselves in areas with existing infrastructure and customer bases.

SmartGrunder can help find optimal addresses in Sandnes for this industry, based on natural conditions and market prospects.

Agriculture is a broader industry in Sandnes with 65 companies, compared to 11 in electronics warehousing. The development has been more volatile, with a decline of -67.5% in 2022→2023 and an extreme decline of -98.6% in 2025→2026. The EBITDA margin in agriculture is lower (1–2%) compared to electronics warehousing (2–4%).

Peer companies in agriculture:

This shows that agriculture has a more variable structure, while electronics warehousing focuses on stable, smaller companies.

Electronics warehousing in Sandnes is a stable, but dynamic industry with both opportunities and challenges. There are several stable players, but there are also companies with low financial health. Entrepreneurs should consider establishing themselves in areas with existing infrastructure and customer bases. SmartGrunder can help find optimal addresses in Sandnes for this industry, based on natural conditions and market prospects.