Jewellery/Watches/Clocks/Gold/Silver Store in Karmøy

Other Observations

• Karmøy is a municipality in Rogaland with a mix of industrial and tourist areas. This analysis focuses on the jewellery/watch/clock store industry in the municipality, with emphasis on companies, economic trends, and development perspectives.

• Number of companies: There are a total of 7 companies in the industry in Karmøy, distributed across 3 districts (Karmsund, Åkrehamn, and Skudeneshavn). Most companies are AS companies, with a single ENK company that was newly established in 2025.

• Economic trends: Sales have grown from 2021 to 2025, stabilizing at around 27.8 million NOK in 2025. Employees have been more volatile, with a decline in 2025, but an increase in 2026.

• Challenges: Two companies established in 2025 have no employees or revenue, which may indicate potential risks for newly established companies in the industry.

• Sales: Sales in the industry have grown from 23.6 million NOK in 2016 to 27.8 million NOK in 2025, with an average annual growth of 1.5%. There has been stabilization after 2022, with a small growth of 1.1% from 2024 to 2025.

• Employees: The number of employees has varied significantly, peaking at 33 in 2023 and declining to 25 in 2025. There is an increase of 16% from 2025 to 2026, which may indicate an expected stabilization.

• EBITDA margins: The highest EBITDA margins are in Skudeneshavn (22%) and Åkrehamn (16%), while Karmsund has a lower margin of 12%.

• Table: Sales and employees per year

• List of companies: There are 7 companies in the industry in Karmøy, distributed across three districts. Most are AS companies, with a single ENK company (Stenero Anna Swidrak) that was newly established in 2025.

• Company details:

1. Anita Hovda Hans Kaald As (Karmsund): 10 employees, sales of 9.9 million NOK, EBITDA of 1.3 million NOK.
2. Jacob C Melhus As Avd Åkrehamn (Åkrehamn): 7 employees, sales of 6.4 million NOK, EBITDA of 1.7 million NOK.
3. Glitter Oasen Haugesund (Karmsund): 5 employees, sales of 915,700 NOK, EBITDA of 49,200 NOK.
4. Gull & Glitter As (Åkrehamn): 5 employees, sales of 7.6 million NOK, EBITDA of 705,000 NOK.
5. Jacob C Melhus As Avd Skudeneshavn (Skudeneshavn): 3 employees, sales of 2.9 million NOK, EBITDA of 809,300 NOK.
6. Stenero Anna Swidrak (Torvastad): 0 employees, sales of 0 NOK, EBITDA of 0 NOK (newly established in 2025).
7. Stenero Anna Swidrak (Torvastad): 0 employees, sales of 0 NOK, EBITDA of 0 NOK (newly established in 2025).

• Organizational form: Most companies are AS companies, with 5 companies and 30 employees. ENK companies have no employees or revenue.

• Karmsund: 2 companies, 15 employees, sales of 10.9 million NOK, EBITDA of 1.3 million NOK. Highest sales and employees in the municipality.
• Åkrehamn: 2 companies, 12 employees, sales of 14.0 million NOK, EBITDA of 2.5 million NOK. Highest EBITDA margin (16%).
• Skudeneshavn: 1 company, 3 employees, sales of 2.9 million NOK, EBITDA of 809,300 NOK. Highest EBITDA margin (22%).

• Table: Industry distribution per district

• Conclusion: Åkrehamn has the highest sales and EBITDA margin, while Skudeneshavn has the highest EBITDA margin per employee.

• Bankruptcies: No bankruptcies are registered in the industry in Karmøy, indicating a stable industry.

• New companies: Two new companies (Stenero Anna Swidrak) were established in 2025, but have no employees or revenue. This may indicate potential risks for newly established companies in the industry.

• Stability: Most companies have been in operation since 1998 or earlier, indicating a stable industry with a focus on traditional stores.

• Challenges: The two new companies have no revenue or employees, which may be a challenge for future investors or entrepreneurs in the industry.

Development Perspective for Entrepreneurs

• Stable trends: Sales have grown from 2021 to 2025, stabilizing at around 27.8 million NOK in 2025. This indicates a stable industry with potential growth opportunities.

• High EBITDA margins: Åkrehamn and Skudeneshavn have high EBITDA margins (16% and 22% respectively), indicating good profit opportunities in these areas.

• Stable number of employees: The number of employees has been more volatile, but there is an increase of 16% from 2025 to 2026, which may indicate an expected stabilization.

• SmartGrunder: SmartGrunder can help entrepreneurs find suitable addresses in Karmøy for this industry, with a focus on areas with high EBITDA margins and stable sales volume.

• Broader industry2 grouping: Ideal organizations in Karmøy have similar sales volume and number of employees as the jewellery/watch/clock store industry. Sales have grown from 23.6 million NOK in 2016 to 27.8 million NOK in 2025, with an average annual growth of 1.5%.

• Peer companies: There is a peer company in ideal organizations (Brassnor V/ Odd Roar Hult) with 0 employees and 0 sales. This may indicate potential risks for companies in this category.

• Conclusion: Ideal organizations in Karmøy have similar trends as the jewellery/watch/clock store industry, but with a broader company group. This may provide entrepreneurs with opportunities to develop companies in both categories.

• Stable trends: The jewellery/watch/clock store industry in Karmøy has proven to be stable with growth in sales and an expected stabilization in the number of employees.

• High EBITDA margins: Åkrehamn and Skudeneshavn have high EBITDA margins, indicating good profit opportunities in these areas.

• SmartGrunder: SmartGrunder can help entrepreneurs find suitable addresses in Karmøy for this industry, with a focus on areas with high EBITDA margins and stable sales volume.

• Challenges: The two new companies in 2025 have no revenue or employees, which may be a challenge for future investors or entrepreneurs in the industry.