Optical Industry in Larvik: A Detailed Analysis of Companies, Statistics, and Outlooks

Larvik's optical industry has shown a mix of stability and variation in recent years. In 2026, 9 companies operate in the sector, with a total of 59 employees and annual revenues of 74.6 million NOK. There has been a clear increase in the number of employees since 2023, but a decline in sales in 2025. The industry is dominated by AS companies, and the most profitable companies have EBITDA margins of up to 18%. However, there are variations in financial health, with some companies operating with zero revenue or employees.

Sales and employee development:

• Sales: The industry reached a peak in 2024 with 74.6 million NOK, but fell to 65.3 million NOK in 2025. Annual variations have been clear, with an increase of 11.4% from 2023 to 2024.
• Employees: The number of employees has increased from 45 in 2023 to 59 in 2026, a rise of 31.1% over three years. The most significant increase was recorded from 2023 to 2024 (17.8%).

Financial indicators:

• The average EBITDA margin for the industry is 8%, with variations between 5% and 18%.
• Total debt for companies ranges between 0 and 10.5 million NOK, with some companies having no debt.
• The most profitable companies have higher EBITDA per employee (up to 245.8 thousand NOK) compared to the average of 125.4 thousand NOK.

Larvik has 9 registered companies in the optical industry, all with AS as the organizational form. The key companies include:

Special observations:

• R Sætre Sykepleierklinikken AS (founded 2024) has no revenue or employees.
• Larvik Optikk AS has no activity (zero revenue, employees, or sales).
• The most profitable companies have EBITDA margins above 10%, while some have lower margins or negative values.

All 9 companies in the optical industry in Larvik are registered in the municipality, distributed across the following addresses:

• Torget 7 (Larvik Synssenter AS)
• Yttersøveien 2 (Synsam Larvik Nordbyen AS, Brilleland Avd 488)
• Romberggata 5 (Ljosland Optikk AS)
• Prinsegata 7A (R Sætre Sykepleierklinikken AS)
• Nansetgata 8 (Boots Apotek Larvik)
• Gloppeskogen 24 (Krogh Optikk Drift AS)
• Kongegata 25 (Hitz Optikk AS)
• Kongegata 21 (Larvik Optikk AS)

No activity is registered outside Larvik's city center, and all companies operate within the municipal boundary.

Bankruptcies and financial health:

• No companies in the industry are bankrupt, but there are variations in financial health:
• Larvik Optikk AS and R Sætre Sykepleierklinikken AS have no revenue or employees.
• Krogh Optikk Drift AS had a sales decline of 1% in 2024, while Synsam Larvik Nordbyen AS had an increase of 12%.

Establishments and declines:

• R Sætre Sykepleierklinikken AS (founded 2024) has no activity.
• Hitz Optikk AS (founded 2018) has high revenue (5.5M) and an EBITDA margin of 12%.
• Larvik Synssenter AS (founded 1988) has the highest revenue (17.9M) and EBITDA (1.4M) in the industry.

Outlook for entrepreneurs

Trend analysis:

• Increase in employees: The number of employees has increased by 31.1% from 2023 to 2026, indicating growing demand for optical services.
• Sales decline in 2025: A 12.4% decline in sales from 2024 to 2025 may indicate market disruptions or competitive pressure.
• Competitive landscape: The industry has 9 companies, with variations in financial health and EBITDA margins. Entrepreneurs should consider differentiation and efficiency to compete.

Opportunities and challenges:

• Opportunities: Increasing number of employees and high EBITDA margin (8%) for the industry.
• Challenges: Sales decline in 2025 and variations in financial health between companies.

Recommendation: Entrepreneurs should consider establishing themselves in Larvik with a focus on efficient operations and differentiation, especially in a market area with 9 existing companies.

Contrast to the optical industry:

• Number of companies: Agriculture has 33 companies in Larvik, while the optical industry has 9 companies.
• Sales: Agriculture had 247.2 million NOK in sales in 2025, while the optical industry had 65.3 million NOK.
• Employees: Agriculture had 134 employees in 2026, while the optical industry had 59 employees.

Peer companies in agriculture:

Conclusion: Agriculture has a larger market share and more companies, but the optical industry has higher EBITDA margins (8% vs. agriculture's unknown value). Entrepreneurs should consider both the industry's potential and the competitive landscape in relation to agriculture.

The optical industry in Larvik shows a mix of stability and variation. With 9 companies, 59 employees, and an EBITDA margin of 8%, the industry is relatively stable. Entrepreneurs should consider opportunities in a market area with an increasing number of employees, but also be aware of the sales decline in 2025. At the same time, they should evaluate the competitive landscape in relation to agriculture, which has more companies and higher sales. SmartGrunder can help entrepreneurs find optimal addresses in Larvik for the optical industry, based on market data and development trends.