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

The jewellery/watches/clocks/gold/silver store industry in Orkland is a small but dynamic sector with three registered companies. The sector has shown both strength and instability over time, with a significant sales decline in 2018 followed by a gradual increase since. Workforce development has been more volatile, with a decline of 28.6% from 2021 to 2022, but an increase of 20% from 2024 to 2025. The most prominent player is Bårdshaug Ur & Gull As, which has shown stable growth and high margins.

Sales Development

Sales for the sector have varied significantly over time, with a decline of 55.1% from 2017 to 2018, but an increase of 12.5% from 2024 to 2025. In 2025, sales amounted to NOK 13.3 million, representing a 12.5% increase compared to 2024.

Workforce Development

Workforce development has been more stable, with an increase from 9 employees in 2023 to 13 employees in 2026. The most significant change was a decline of 28.6% from 2021 to 2022, which may be attributed to economic challenges during the period.

Margins and Labor Costs

The registered companies have shown high margins, with an average gross profit margin of 159% and an EBITDA margin of 7%. Labor costs average NOK 4.5 million per year for the sector.

Registered Companies

The following companies are registered in the sector in Orkland:

1. Bårdshaug Ur & Gull As (Bårdshaug, Orkanger)

• Legal Form: AS
• Number of Employees: 8
• Sales: NOK 9.9 million
• EBITDA: NOK 1.3 million
• Gross Profit: NOK 5.3 million

1. By Stokkeholm As Aseco Orkanger (Tverradkomsten 60, Orkanger)

• Legal Form: AS
• Number of Employees: 6
• Sales: NOK 7.3 million
• EBITDA: NOK 92,400
• Gross Profit: NOK 22.2 million

1. Mostad Antonsen Holding As (Fannrem)

• Legal Form: AS
• Number of Employees: 0
• Sales: NOK 0
• EBITDA: NOK 0

Legal Forms

All registered companies have chosen the AS legal form, indicating a preference for liability separation and capital structure in the sector.

Distribution by City/Location

The only activity in the sector is registered in Orkanger, where the following key figures apply:

• Number of Companies: 2
• Number of Employees: 14
• Operating Income: NOK 17.2 million
• Sales: NOK 17.2 million
• Labor Costs: NOK 4.5 million
• Operating Profit: NOK 1.2 million
• EBITDA: NOK 1.3 million
• Gross Profit: NOK 27.5 million
• EBITDA Margin: 7%
• Average EBITDA per Employee: NOK 102,200

Orkanger is therefore the only location in Orkland with activity in this sector.

Bankruptcy Safety

None of the registered companies in the sector are registered as bankrupt, indicating relative stability in the sector. However, By Stokkeholm As Aseco Orkanger shows a negative operating profit of NOK -27,800 in 2023, which may indicate economic challenges for some actors.

Dynamics and Development

The sector has shown significant fluctuations in both sales and number of employees over time. The most dramatic change was a decline of 55.1% in sales from 2017 to 2018, while the number of employees has shown an increase of 20% from 2024 to 2025. This shows a visible dynamism in the sector, with both challenges and opportunities.

Development Trends

The sector shows signs of gradual growth in both sales and number of employees, with a 12.5% increase in sales from 2024 to 2025 and a 20% increase in the number of employees over the same period. This may indicate an improved economic climate and increased demand for services in the sector.

Opportunities for Entrepreneurs

For entrepreneurs, the sector in Orkland can represent opportunities, especially with high margins and relatively stable bankruptcy statistics. However, entrepreneurs should be aware of fluctuating sales figures and potential challenges in operating profit for some companies. SmartGrunder can help find suitable locations and assess business challenges in the municipality.

The jewellery/watches/clocks/gold/silver store industry in Orkland shows a mix of stability and dynamism. With three registered companies and a gradual increase in both sales and number of employees over time, the sector can represent opportunities for entrepreneurs. However, it is important to be aware of fluctuating sales figures and potential operational challenges. With high margins and relatively stable bankruptcy statistics, the sector can be an attractive area for new players looking to establish themselves in Orkland.