Electronics Warehousing in Stavanger: Current Situation and Future Prospects

The electronics warehouse industry in Stavanger is an important part of the municipality's trade sector, with 15 registered companies and over 177 employees in 2026. Key figures show a mix of established companies such as Elkjøp and Kjell & Co, as well as smaller local players. This sector has shown variation in sales and operating results over time, but has overall been stable with an average sales growth of 3.3% from 2024 to 2025. It is particularly interesting to note that Stavanger and Hafrsfjord have different distributions of activities, with Stavanger being the main location for most companies.

From 2016 to 2026, sales in the electronics warehouse industry in Stavanger have grown from NOK 422.1 million to NOK 805.2 million, with an average annual growth of 5.5%. There have been particularly significant increases in 2021 (22.4%) and 2023 (55.5%), while there have been declines in 2022 (-25.7%). Employees have varied between 142 and 202 during the period, with stabilization at 177 employees in 2026. EBITDA margins have been very low (0-1%) for most companies, but there are some exceptions such as Kjell & Co and Th. Thormodsen Jr. A/s which have higher margins (4% and 21%).

In Stavanger, there are 15 companies registered in the electronics warehouse industry, with the following organizational forms:

The most well-known companies include:

• Elkjøp Forus (53 employees, NOK 362.2M in sales)
• Elkjøp Stavanger Sentrum (30 employees, NOK 174.4M in sales)
• Kjell & Co Norway No012 Klubbgata (9 employees, NOK 13.7M in sales)
• Th. Thormodsen Jr. A/s (5 employees, NOK 6.7M in sales)

There are no registered bankruptcies among the companies in the industry, but there are variations in operating results. For example, Skousen Stavanger had a negative EBITDA of -NOK 12.9M in 2025, while Power Norge As Avd Tvedt had a sales growth of 14% compared to 2024.

Electronics warehouse activities are divided into two main areas in Stavanger:

1. Stavanger (8 companies, 182 employees, NOK 796.3M in sales)
2. Hafrsfjord (2 companies, 12 employees, NOK 85.3M in sales)

Stavanger dominates with both the number of companies and employees, but Hafrsfjord has higher sales growth (310% from 2024 to 2025). It is particularly interesting to note that Kjell & Co Norway No030 Amfi Madla and Skousen Stavanger are located in Hafrsfjord, although the latter company had a negative EBITDA of -18% in 2025.

The bankruptcy statistics show that none of the 15 companies in the industry have been bankrupt during the period. Nevertheless, there are variations in operating results. For example, Skousen Stavanger had a negative EBITDA of -NOK 12.9M in 2025, while Th. Thormodsen Jr. A/s had a high EBITDA margin of 21%. There are also companies such as Power Mariero that have not reported any operating results, which may indicate that they are in the start-up phase or have special circumstances.

For entrepreneurs considering establishing themselves in the electronics warehouse industry in Stavanger, the data show a stable, but competitive sector. Established companies such as Elkjøp and Kjell & Co dominate the market, but there are also opportunities for local players who can focus on specialized products or services. Stavanger has good infrastructure and high customer density, which can be an advantage. It is particularly interesting to note that Hafrsfjord has shown high sales growth, even though there are few companies there.

When comparing the electronics warehouse industry with the broader agricultural grouping in Stavanger, the data show a completely different dynamic. Agriculture has higher sales (NOK 1,185.6M in 2024) and more employees (405 in 2026), but with more volatile development. For example, agriculture had a sharp decline of -97.6% in 2026, while electronics warehouse has been more stable. The most well-known companies in agriculture include Telia Norge As and Synsam, which have higher EBITDA (NOK 22.6M and NOK 3.6M). This shows that agriculture has greater growth potential, but also higher risk.

The electronics warehouse industry in Stavanger has proven to be a stable, but competitive sector with established companies and good infrastructure. There are opportunities for local players who can focus on specialized products or services. SmartGrunder can help entrepreneurs find suitable addresses and locations in the municipality to maximize opportunities in this industry.