Industry · municipality
The Fish Storage Industry in Narvik: Current Status and Future Outlook
Analysis of companies, statistics, and outlooks for entrepreneurs and local decision-makers in Narvik, Nordland, Norway
Executive Summary
Overview of the Fish Storage Industry in Narvik
The fish storage industry in Narvik is a small but stable industry with three registered companies. The main player is Fiskehallen Drift As, which operates in Narvik and has 21 employees. The industry has shown strong sales growth over the past years, with a total sales increase of 203% from 2016 to 2025. The EBITDA margin stands at 6%, indicating good operational efficiency. The industry has not experienced bankruptcy, but there are variations in wage levels and operational results between companies.
Economic Overview
Sales and Employee Development:
- Sales: From NOK 5.1 million in 2016 to NOK 15.4 million in 2025, an increase of 203%.
- Employees: Fluctuations over the years, but stable at 17 employees in 2026.
Key Figures:
- EBITDA margin: 6% (2025).
- Gross margin: 55%.
- Operating margin: 4%.
Conclusion: The industry has shown good economic development, with a high gross margin and stable operational efficiency.
Companies in the Industry
Registered Companies in Narvik:
| Company | Address | Number of Employees | EBITDA (NOK) | Notes |
|---|---|---|---|---|
| Fiskehallen Drift As | Kongens gate 42, Narvik | 21 | 1.0M | Largest company, high operational efficiency |
| Ssj Eiendom As | Torghallen, Kongens gate 42, Narvik | 0 | 574.0K | No sales, but high EBITDA margin |
| Ssj Holding As | Ringbakken 17, Beisfjord | 0 | -25.0K | Negative operational result, but no bankruptcy |
Organizational Form: All companies are AS entities, indicating a standardized structure in the industry.
Business Geography
Activity Distributed Across Locations in Narvik:
- Narvik: 1 company, 21 employees, sales of NOK 15.6 million.
- Beisfjord: 1 company (Ssj Holding As), but no employees and negative operational result.
Conclusion: Activity is concentrated in Narvik, but there is also a presence in Beisfjord, even though this company's activity does not contribute to economic growth.
Business Dynamics
Bankruptcy Statistics:
- No bankruptcies reported in the industry from 2016 to 2026.
Operational Results and Risks:
- Ssj Holding As has a negative operational result (NOK -25.0K), which may indicate economic challenges.
- Ssj Eiendom As has a high EBITDA margin (79%), but no sales.
Conclusion: The industry is stable, but there are variations in wage levels and operational results between companies.
Future Outlook
Future Outlook for the Fish Storage Industry
Growth and Stability:
- Sales increased by 12.9% from 2024 to 2025, indicating a positive trend.
- The EBITDA margin has remained stable at 6%, showing good operational efficiency.
Potential Challenges:
- Bankruptcy risk is low, but companies with negative operational results (such as Ssj Holding As) may pose challenges.
- Economic growth depends on business models that can scale, such as Fiskehallen Drift As.
Conclusion: The industry has good growth potential, but there is a need to ensure stable operational efficiency and improve wage levels for all companies.
Outlook for the Services Sector
Comparison with the Services Sector:
- The services sector has 36 companies, while the fish storage industry has 3 companies.
- Sales: The services sector had NOK 10.13 million in 2025, while the fish storage industry had NOK 15.4 million.
- Employees: The services sector had 396 employees in 2026, while the fish storage industry had 19 employees.
Peer Companies in the Services Sector:
| Company | Industry | Sales (NOK) | EBITDA (NOK) | Number of Employees |
|---|---|---|---|---|
| Extra Bolaget 2482 | Supermarket Chain | 118.7M | 6.5M | 35 |
| Spar Finbekken | Supermarket Chain | 96.6M | 5.8M | 34 |
| Extra Bjerkvik 1859 | Supermarket Chain | 85.5M | 4.7M | 19 |
Conclusion: The services sector has larger volumes, but the fish storage industry has higher operational efficiency and fewer employees.
Other companies in tjenester (not in fish store)
| Company | Industry | Address | Sales | Employees | EBITDA |
|---|---|---|---|---|---|
| Extra Bolaget 2482 | supermarket chain | Bolagsgata 20, 8514 Narvik | NOK 118.7M | 35 | NOK 6.5M |
| Spar Finbekken | supermarket chain | Frydenlundgata 44, 8517 Narvik | NOK 96.6M | 34 | NOK 5.8M |
| Extra Bjerkvik 1859 | supermarket chain | Nordmoveien 2, 8530 Bjerkvik | NOK 85.5M | 19 | NOK 4.7M |
| Extra Frydenlund 2424 | supermarket chain | Frydenlundgata 15, 8517 Narvik | NOK 57.0M | 21 | NOK 3.1M |
| Extra Ankenes 1856 | supermarket chain | Torgveien 2, 8520 Ankenes | NOK 52.2M | 17 | NOK 2.9M |
| Extra Ballangen 1854 | supermarket chain | Sentrumsveien 57, 8540 Ballangen | NOK 47.5M | 18 | NOK 2.6M |
| Harald Anthonsen As | supermarket | Ankenesveien 10, 8520 | NOK 99.0M | 21 | NOK 1.8M |
| Normal Norge As Avd No1116 Narvik Narvik Storsenter | discount store | Kongens gate 66, 8514 Narvik | NOK 14.4M | 9 | NOK 1.6M |
| Prix Kjøpsvik 1858 | supermarket chain | F.L. Smiths vei 2, 8590 Kjøpsvik | NOK 28.5M | 14 | NOK 1.6M |
| Ng Kiwi Nord As Avd 152 Ankenes | supermarket chain | Ankenesveien 2, 8520 | NOK 51.9M | 16 | NOK 1.4M |
| Nøstdahl & Nøstdahl As | supermarket chain | F.L. Smiths vei 8, 8590 Kjøpsvik | NOK 20.3M | 4 | NOK 1.4M |
| Ng Kiwi Nord As Avd 172 Narvikfjellet | supermarket | Skistua 7, 8515 Narvik | NOK 48.5M | 17 | NOK 1.3M |
| Joker Narvik | supermarket | Kongens gate 36, 8514 Narvik | NOK 13.4M | 7 | NOK 755.0K |
| Kjeldebotn Butikkdrift As | supermarket | Skårnes, 8543 Kjeldebotn | NOK 9.7M | 5 | NOK 471.0K |
| Helsekost As | food/beverages/tobacco stores | Kongens gate 66, 8514 Narvik | NOK 4.8M | 8 | NOK 72.0K |
| Hege Strøm As | supermarket chain | Frydenlundgata 2, 8516 Narvik | NOK 64.3M | 21 | NOK 56.0K |
| Emilie Kilaas As | supermarket chain | Nordmoveien 9, 8530 Bjerkvik | NOK 59.2M | 19 | NOK 24.0K |
| Andreas Mulstrand Dagligvare As | supermarket chain | c/o Rema 1000 Skistua Narvik|Skistua 4, 8515 | NOK 0 | 13 | NOK 0 |
| Butikkdrift Ingjerd Wollan | supermarket | Bolagsgata 1, 8514 Narvik | NOK 0 | 4 | NOK 0 |
| Butikkdrift R13 3 As | supermarket chain | c/o REMA 1000 Ballangen|Sentrumsveien 65, 8540 | NOK 0 | 16 | NOK 0 |
| Extra Narvik Storsenter | supermarket chain | Kongens gate 66, 8514 Narvik | NOK 0 | 11 | NOK 0 |
| Fredrick Nordstrøm As | supermarket chain | Rombaksveien 45, 8517 Narvik | NOK 0 | 16 | NOK 0 |
| Grønnli Bua | other non-specialised store | Sentrumsveien 53, 8540 Ballangen | NOK 0 | 0 | NOK 0 |
| Izzeldin Modhawi Matvare | supermarket | Fagernesveien 13, 8514 Narvik | NOK 0 | 0 | NOK 0 |
| Mikkelsen Nergård Enk | gourmet food store | Fornes-E6 87, 8540 Ballangen | NOK 0 | 0 | NOK 0 |
| Nettbutikklyshaugen Wenberg Marø | other non-specialised store | Sentrumsveien 17, 8540 Ballangen | NOK 0 | 0 | NOK 0 |
| Ng Kiwi Nord As Avd 178 Taraldsvik | supermarket | Hamsuns vei 2, 8517 Narvik | NOK 0 | 15 | NOK 0 |
| Norsk Butikkdrift As Kontor Narvik | supermarket | Skiskytterveien 5, 8515 Narvik | NOK 0 | 0 | NOK 0 |
| Svensken Kiosk Da | supermarket | Otto Sverdrups vei 6, 8516 Narvik | NOK 0 | 0 | NOK 0 |
| Tinejossi Tine Josefine Normann | food/beverages/tobacco stores | Ankenesveien 419, 8520 | NOK 0 | 0 | NOK 0 |
| Vita 1809 Narvik | discount store | Bolagsgata 1, 8514 Narvik | NOK 0 | 6 | NOK 0 |
| Vinmonopolet As Butikk Narvik | alcohol store | Kongens gate 66, 8514 Narvik | NOK 74.7M | 12 | NOK -1.0M |
| Narvik Dagligvarer As | supermarket chain | Bolagsgata 1, 8514 Narvik | NOK 14.5M | 17 | NOK -1.6M |
Conclusion
The fish storage industry in Narvik has shown good economic development over the past years, with strong sales growth and stable operational efficiency. The main player, Fiskehallen Drift As, has demonstrated good wage levels and operational efficiency. The industry has not experienced bankruptcy, but there are variations in wage levels and operational results between companies. The future outlook is positive, with potential for growth and development, especially with a focus on operational efficiency and improving wage levels for all companies.