Industry · municipality
Electronics Storage in Ullensvang: Current Situation and Future Outlook
Analysis of the industry, companies, and development trends in Ullensvang Municipality for the electronics storage industry and comparison with agriculture as a broader sector.
Executive Summary
Electronics storage in Ullensvang is a small but dynamic industry with a single business located in the center. Brødr Jacobsen Handel As, registered in Odda, is the only company form in this industry within the municipality. Although the number of employees and turnover have shown variations over time, there was a significant increase in 2023 followed by a sharp decline in 2025. This demonstrates both potential and uncertainty in the industry. SmartGrunder can help entrepreneurs explore opportunities in Ullensvang for this industry.
Economic Overview
Electronics storage in Ullensvang has shown a complex development over time. Turnover increased from 10.4 million NOK in 2016 to 27.7 million NOK in 2023, followed by a sharp decline to 3.2 million NOK in 2025. This is a decline of 88.8% from 2024 to 2025. The number of employees has varied between 6 and 10 over time, with a significant increase from 6 to 10 employees from 2022 to 2023 (+33.3%).
Trends
- Largest increase: 45.4% increase in turnover from 2022 to 2023.
- Largest decline: 88.8% decline in turnover from 2024 to 2025.
- Stable number of employees: 8 employees in both 2023 and 2024.
Companies in the Industry
There is one company in the electronics storage industry registered in Ullensvang:
| Company | Incorporation Year | Number of Employees | Company Form | Address |
|---|---|---|---|---|
| Brødr Jacobsen Handel As Avd Odda | 1993 | 12 | AS | Folgefonngata 2, Odda |
Company Forms
- AS: 1 company, 12 employees.
- No other company forms are registered in this industry in Ullensvang.
Business Geography
Electronics storage activity in Ullensvang is concentrated in Odda:
| Location | Number of Companies | Number of Employees | Turnover (NOK) |
|---|---|---|---|
| Odda | 1 | 12 | 0 |
There is no registered activity in other districts of Ullensvang for this industry.
Business Dynamics
The industry has shown both strength and instability:
- Bankruptcy safety: Brødr Jacobsen Handel As is not registered as bankrupt, but turnover fell sharply from 28.6 million NOK in 2024 to 3.2 million NOK in 2025.
- Stable number of employees: Despite the turnover decline, the number of employees has remained between 8–10 over time.
- Uncertainty: The sharp decline in 2025 indicates potential risk factors that entrepreneurs should consider.
Outlook
Outlook for Entrepreneurs
Electronics storage in Ullensvang has potential, but with significant challenges:
- Strengths: An existing business (Brødr Jacobsen) shows that it is possible to operate in the municipality. Higher turnover in 2023 indicates market interest.
- Risk factors: The sharp decline in 2025 (88.8%) indicates uncertainty in the market. Entrepreneurs should consider analyzing the causes of this decline.
- Recommendation: Odda is the only location with activity. Entrepreneurs should consider exploring opportunities there, potentially in collaboration with the existing business.
Outlook for Agriculture
Comparison with Agriculture
Agriculture is a broader industry in Ullensvang with 4 companies, compared to one in electronics storage. Comparison of data:
| Category | Electronics Storage | Agriculture |
|---|---|---|
| Number of companies | 1 | 4 |
| Turnover (2023) | 27.7 M NOK | 29.5 M NOK |
| Number of employees (2023) | 8 | 11 |
Peer companies in agriculture
| Company | Industry | Turnover (NOK) | Number of Employees | EBITDA (NOK) |
|---|---|---|---|---|
| Odda Optikk As | Optician Store | 0 | 1 | 0 |
| C) Optikk Hardanger As | Optician Store | 1.5 M | 2 | -428.0K |
| A B N Musikk Og Lyd Arild Bernt Nielsen | Sound Equipment / Music Instrument Store | 0 | 0 | 0 |
Agriculture has higher turnover and more companies, but similar uncertainty in 2025 (84.4% decline). Electronics storage has less volume, but a more stable number of employees.
Other companies in landbruk (not in electronics store)
| Company | Industry | Address | Sales | Employees | EBITDA |
|---|---|---|---|---|---|
| A B N Musikk Og Lyd Arild Bernt Nielsen | audio equipment / musical instruments store | 0, 5627 Jondal | NOK 0 | 0 | NOK 0 |
| Odda Optikk As | optical store | Eitrheimsvegen 17A, 5750 Odda | NOK 0 | 1 | NOK 0 |
| C) Optikk Hardanger As | optical store | Bakkegata 4A, 5750 Odda | NOK 1.5M | 2 | NOK -428.0K |
Conclusion
Electronics storage in Ullensvang is a small but potentially interesting industry with one business and variations in turnover and employees. The sharp decline in 2025 indicates uncertainty, but the 2023 increase shows market interest. Entrepreneurs should consider exploring Odda as the sole location for activity, potentially in collaboration with the existing business. SmartGrunder can help identify solutions and addresses in Ullensvang that are natural for this industry.