Jewellery/watches/clocks/gold/silver store in Narvik

Jewellery/watches/clocks/gold/silver store in Narvik is a small but stable industry with two registered companies. In recent years, the industry has shown variations in sales and number of employees, but there are no registered bankruptcies. Øiesvold As and Urmaker Karoliussen As are the two main players, with different financial profiles. The industry has a relatively high average operating margin (20%) and a good EBITDA margin (21%).

According to annual statistics for 2025, the industry in Narvik has a total sales volume of NOK 16.9 million and 17 employees. Sales have shown growth of +18.0% from 2023 to 2024, but fell by -4.8% in 2025. The number of employees has varied between 15 and 20 in recent years, with a decline of -6.2% from 2024 to 2025. The operating margin is 20%, and the EBITDA margin is 21%.

Two companies are registered in the industry in Narvik:

1. Øiesvold As (Bolagsgata 1, Narvik)

• Organisational form: AS
• Number of employees: 15
• Sales: NOK 11.1 million
• EBITDA: NOK 2.8 million
• Average operating income per employee: NOK 837,500

1. Urmaker Karoliussen As (Kongens gate 44, Narvik)

• Organisational form: AS
• Number of employees: 2
• Sales: NOK 5.9 million
• EBITDA: NOK 727,000
• Average operating income per employee: NOK 3.0 million

Both companies are AS entities, and there are no registered bankruptcies in the industry.

All companies in the industry are registered in Narvik. There is 1 active area with 2 companies and 17 employees. Total operating income is NOK 17.0 million, with an average operating income per employee of NOK 1.1 million. Average gross profit margin is 61%, and the EBITDA margin is 21%.

There are no registered bankruptcies in the industry in Narvik. Both companies (Øiesvold As and Urmaker Karoliussen As) are not bankrupt according to 2025 information. Øiesvold As has a higher EBITDA margin (25%) compared to Urmaker Karoliussen As (12%).

The industry shows a sales increase from 2023 to 2024 (+18.0%), but a decline in 2025 (-4.8%). The number of employees has been stable in recent years, with a decrease of 6.2% from 2024 to 2025. For entrepreneurs, this may indicate a stable, but not fluctuating market plus. Øiesvold As has a larger market share and better financial results compared to Urmaker Karoliussen As. It may be beneficial to analyze the location and customer base of these companies before seeking to establish oneself in Narvik.

Jewellery/watches/clocks/gold/silver store in Narvik is a small but stable industry with two companies. Øiesvold As and Urmaker Karoliussen As are the two main players, with different financial profiles. The industry has a relatively high average operating margin (20%) and a good EBITDA margin (21%). For entrepreneurs, it may be beneficial to analyze the location and customer base of these companies before seeking to establish oneself in Narvik. SmartGrunder can help find suitable addresses and assess business opportunities in the municipality.