Jewellery/Watches/Clocks/Gold/Silver Store Industry in Halden: A Comprehensive Analysis

The jewellery/watches/clocks/gold/silver store industry in Halden is a stable, but relatively small sector with a focus on quality and traditional values. In 2025, there are 6 registered companies in the municipality, with a total of 27 employees and a turnover of NOK 26.0 million. The industry shows positive development over the past few years, with a turnover growth of 12% and a high EBITDA margin of 16%. This indicates good operational efficiency and potential growth opportunities, especially in a municipality with a strong economy and a good quality of life system.

The industry has shown dynamic development over the past few years, with turnover increasing from NOK 15.7 million in 2016 to NOK 25.9 million in 2025. This is a growth of over 65% over 9 years, despite small fluctuations from year to year. The number of employees has varied between 17 and 34 during the same period, with stabilization at 22 employees in 2026. It is particularly noteworthy that the industry has managed to maintain itself despite economic challenges, such as the pandemic, with a turnover growth of 13.7% from 2019 to 2020.

In Halden, there are 6 companies within the industry, with the following organizational forms:

Most companies are AS entities, and the most successful companies have high EBITDA and high turnover. O Førlie As has a turnover of NOK 15.8 million and an EBITDA of NOK 3.5 million, which demonstrates strong operational efficiency. It is also worth noting that two companies (Gullsmed Øvstegård and Heimo Koru Oy) have 0 employees and 0 turnover, which may indicate that they are not active today.

The industry is primarily concentrated in Halden, with 4 companies and 27 employees. There is no registered activity in other parts of the municipality. Halden has a high level of operational efficiency, with an operational income of NOK 26.9 million and an operational profit of NOK 4.1 million. This indicates that the industry has a good market position and stable operations in the municipality.

The industry has been relatively stable over the past few years, with no bankruptcies registered. However, some companies have shown challenges, such as Hbs 1969 As, which has a negative turnover growth of -5% and a turnover of NOK 0. This may indicate challenges in operational efficiency for certain companies, even though the industry as a whole is stable. It is also worth noting that O Førlie As has a high turnover growth of 19%, which shows that there are growth opportunities in the industry.

The industry shows positive development over the past few years, with a turnover growth of 12% and an EBITDA margin of 16%. This indicates that the industry has good operational efficiency and potential growth opportunities. For founders considering starting a company within the industry in Halden, it may be a good idea to focus on quality and traditional values, which are characteristic of the industry. It is also worth noting that there are opportunities to develop in a municipality with a strong economy and a good quality of life system. However, founders should be aware of challenges that may arise, such as Hbs 1969 As' situation, and be prepared to handle these challenges.

The jewellery/watches/clocks/gold/silver store industry in Halden is a stable and growth-oriented sector with potential opportunities for new companies. With a turnover growth of 12% and an EBITDA margin of 16%, the industry demonstrates good operational efficiency. There are also opportunities to develop in a municipality with a strong economy and a good quality of life system. However, founders should be aware of challenges that may arise and be prepared to handle these challenges. SmartGrunder can help founders find suitable addresses in Halden for this industry and provide advice on how to develop in a competitive market.