China/Glassware Store in Ålesund: Companies, Statistics, and Outlook

In Ålesund, there are now 5 companies within the china/glassware store industry, but both the number of employees and revenue have been declining in recent years. In 2026, there are only 24 employees in the industry, compared to 103 in 2016. Revenue has also fallen from NOK 58.2 million in 2016 to NOK 19.9 million in 2025. The EBITDA margin stands at 7%, indicating that some companies continue to maintain a certain level of profitability. This is a critical industry for local entrepreneurs, with both challenges and opportunities for those looking to establish themselves in Ålesund.

Revenue and Employees

• Revenue: In 2025, revenue was NOK 19.9 million, a decline of 34.2% compared to 2024. This decline has been gradual, with a stronger drop in 2023 (17.0%) and 2024 (15.8%).
• Number of Employees: The number of employees has fallen from 103 in 2016 to 24 in 2026, with a final decline of 40.0% from 2025 to 2026. The most significant decline was recorded from 2022 to 2023 (22.2%).

EBITDA and Profitability

• The EBITDA margin has remained stable at around 7%, despite the decline in revenue. This suggests that companies in the industry have managed to maintain a certain level of cost control, even in a highly competitive market situation.

• Tilbords Moa Syd (Langelandsvegen 25): 8 employees, EBITDA 0, EBITDA margin 0%.
• Kitch'n Moa (Langelandsvegen 25): 7 employees, EBITDA NOK 1.4 million, EBITDA margin 7%.
• Kitch'n Ålesund Storsenter (Grimmergata 1): 7 employees, EBITDA NOK 782,400, EBITDA margin 7%.
• As Christiania Glasmagasin Avd Moagård (Amfi Moagård): 0 employees, EBITDA -NOK 619,300, EBITDA margin -10%.
• Norwegian Explorer Club As Avd Ålesund (Keiser Wilhelms gate 7): 0 employees, EBITDA 0, EBITDA margin 0%.

Organizational Structure

• AS (Public Limited Company): 3 companies, 22 employees, EBITDA NOK 2.2 million, EBITDA margin 7%.

Distribution of Activity

• Ålesund: All 5 companies in the industry are located in Ålesund, with a focus on areas such as Langelandsvegen 25 and Grimmergata 1. No activity is registered in other districts or municipalities in Møre og Romsdal.

Concentration

• There is no dispersion of activity within the municipality. All companies are concentrated in Ålesund, which may indicate limited market potential or that companies have chosen to focus on central areas.

Bankruptcies and Financial Challenges

• No companies are registered as bankrupt in the industry, even though some companies have negative EBITDA values (e.g., As Christiania Glasmagasin Avd Moagård, with EBITDA at -NOK 619,300). This suggests that companies in the industry have a certain level of financial stability, even though some have very low or negative results.

EBITDA and Profitability

• The EBITDA margin stands at 7%, indicating that companies in the industry have a certain level of profitability. This can be an advantage for entrepreneurs seeking to establish themselves in a competitive market situation.

Development for Entrepreneurs

• Decline in revenue and employees: In recent years, the industry has been marked by a significant decline in both revenue and the number of employees. This can be a challenge for entrepreneurs looking to establish themselves in an industry with limited market size and high competitiveness.
• Stable EBITDA margin: Even with a decline in revenue, companies in the industry have managed to maintain a stable EBITDA margin of 7%. This can be an advantage for entrepreneurs seeking to establish themselves in an industry with potentially profitable companies.
• Concentration in Ålesund: No activity is registered in other districts or municipalities in Møre og Romsdal. This may indicate limited market potential, but also opportunities for entrepreneurs seeking to establish themselves in a concentrated market situation.

Conference Center Industry in Ålesund

• Number of companies: 83 companies in the conference center industry, compared to 5 companies in the china/glassware store industry.
• Revenue: In 2025, revenue was NOK 1,107.4 million, a decline of 20.8% compared to 2024. This decline has been gradual, with a stronger drop in 2023 (4.0%) and 2024 (2.7%).
• Number of Employees: The number of employees has fallen from 707 in 2016 to 547 in 2026, with a final decline of 1.6% from 2025 to 2026. The most significant decline was recorded from 2018 to 2019 (18.3%).

Peer Companies in the Conference Center Industry

• Plantasjen Norge As Avd Ålesund: 26 employees, EBITDA NOK 16.0 million, revenue NOK 27.7 million.
• Byggmax Ålesund: 8 employees, EBITDA NOK 11.6 million, revenue NOK 155.2 million.
• Coop Nordvest Sa (2276) Obs Bygg Ålesund: 52 employees, EBITDA NOK 7.3 million, revenue NOK 252.8 million.
• Jysk Ålesund Avd 562: 18 employees, EBITDA NOK 5.4 million, revenue NOK 50.1 million.
• Europris Ålesund Pluss 332: 16 employees, EBITDA NOK 4.9 million, revenue NOK 45.2 million.

Conclusion

• The conference center industry in Ålesund has a much larger market size and more companies compared to the china/glassware store industry. This may indicate greater potential for entrepreneurs seeking to establish themselves in an industry with larger market size and more companies.

The china/glassware store industry in Ålesund faces significant challenges, with a sharp decline in both revenue and the number of employees in recent years. The EBITDA margin has remained stable at 7%, indicating that companies in the industry have managed to maintain a certain level of profitability. This can be an advantage for entrepreneurs seeking to establish themselves in a competitive market situation. At the same time, the conference center industry in Ålesund shows that there is a larger market size and more companies, which may indicate greater potential for entrepreneurs. SmartGrunder can help entrepreneurs find suitable addresses in Ålesund for this industry, based on natural conditions and market potential.