Jewellery/Watches/Clocks/Gold/Silver Store Industry in Hustadvika

The jewellery/watches/clocks/gold/silver store industry in Hustadvika is a small but active sector with two registered companies. The industry has shown stability in terms of number of employees, even though sales have been highly variable over time. The business in Elnesvågen has been a significant driver, while the one in Malmefjorden has been less active. Future outlooks indicate a gradual increase in both sales and number of employees, but with challenges related to wage costs and operating results.

Over time, sales in the industry have shown significant variations. From 2016 to 2017, sales fell by 12.7%, but rose by 5.5% in 2018. The most significant decline was recorded in 2024, with a drop of 16.8%, followed by an increase of 17.0% in 2025. The number of employees has been relatively stable, with an average of 5 over the past few years, and an expected increase to 6 in 2026. This shows that the industry has been able to maintain a minimum level of activity, even though there have been periods with significant variations.

There are two companies registered in the industry in Hustadvika:

1. Karlsen Elnesvågen As – located at Torget 1 in Elnesvågen. The company was founded in 1994 and has 5 employees. It has an operating income of NOK 3.2 million and a negative operating result of NOK 139,000. The company is organised as an AS.

1. Gull Kroken As – located at Granvegen 22 in Malmefjorden. The company was founded in 2021 and has 1 employee. It has no sales or operating income, and is also organised as an AS.

Both companies are not bankrupt, but there is a clear difference in financial activity between the two businesses.

The industry is distributed across two areas in Hustadvika:

1. Elnesvågen – Has one company with 5 employees. The operating income is NOK 3.2 million, and the sales revenue is also NOK 3.2 million. The wage costs are NOK 1.6 million, and the operating result is negative at NOK 139,000. The EBITDA margin is -4%, and the gross profit is NOK 2.3 million.

1. Malmefjorden – Has one company with 1 employee. The operating income, sales revenue, wage costs, and operating result are all zero. There is no data available for EBITDA, gross profit, or other financial indicators for this company.

The industry has been relatively stable in terms of bankruptcy. There are no bankruptcy registrations for the companies in the industry in Hustadvika. This is a positive indicator for the industry's stability. However, data from Karlsen Elnesvågen As shows that there are challenges related to the operating result and EBITDA margin, which is negative. This may indicate that the company has higher operating costs than the revenue generated by sales. However, there are no bankruptcy registrations, which shows that the company has been able to maintain operations despite these challenges.

Outlooks for the industry in Hustadvika show a gradual increase in sales and number of employees. Sales had a significant decline in 2024, but rose by 17.0% in 2025. This may indicate a gradual adaptation to previous challenges. The number of employees has been stable, with an expected increase to 6 in 2026. This may be a sign that the industry has a visible degree of future growth. For entrepreneurs, this may be an opportunity, but it is important to be aware of the financial challenges that are present, especially for Karlsen Elnesvågen As. It is also important to note that there is a significant difference in activity between the two companies in the industry.

The jewellery/watches/clocks/gold/silver store industry in Hustadvika is a small but active sector with two companies. The industry has shown stability in terms of number of employees, even though sales have been highly variable over time. Outlooks for the future show a gradual increase in both sales and number of employees, but with challenges related to wage costs and operating results. For entrepreneurs, this may be an opportunity, but it is important to be aware of the financial challenges that are present. SmartGrunder can help entrepreneurs explore addresses in Hustadvika for this industry, and provide an overview of the opportunities and challenges.