Jewellery/Watches/Clocks/Gold/Silver Store in Oslo – an Analysis of Companies, Statistics, and Outlooks

Jewellery/watches/clocks/gold/silver store in Oslo is a mix of established businesses and recently founded companies. In total, 217 companies are registered in the industry, but this analysis focuses on 16 examples representing different organizational forms and geographical positions. The industry shows stable sales growth and an increase in the number of employees over the past few years, with specific developments after 2020. SmartGrunder can help entrepreneurs find suitable locations in Oslo for this industry.

Economic Trends

The industry has experienced significant sales growth after 2020, with an increase of over 38% from 2020 to 2021. This may be due to increased demand for high-quality jewelry and clockmaking. Employee numbers have grown gradually, but with minor variations. The EBITDA margin is at 7%, and the gross profit is high at 214%, showing good cost efficiency in the industry.

Key Companies

The following companies represent the industry in Oslo:

1. Urmaker Bjerke As (Øvre Slottsgate 25) – 81 employees, sales of 473.6M NOK, EBITDA of 44.3M NOK.
2. David Andersen As (Karl Johans gate 20) – 37 employees, sales of 69.9M NOK, EBITDA of 7.3M NOK.
3. Pandora Arkaden (Karl Johans gate 5) – 12 employees, sales of 34.7M NOK, EBITDA of 2.5M NOK.
4. Linderud Klokker Og Smykker As – 12 employees, sales of 3.4M NOK, EBITDA of -921.0K NOK (negative).

Most companies are organized as AS (69 companies), while one is NUF. The most profitable companies have higher EBITDA margins, while some like Linderud have negative values. This shows that the industry has both strong and weak players.

Geographical Distribution

All businesses in the industry are registered in Oslo, with a focus on central areas such as Karl Johans gate, Slottsgaten, and Prinsens gate. There are 70 companies, 621 employees, and total sales of 1214.2M NOK in Oslo. There is no sub-counting of businesses in sub-areas, which indicates that the industry is centrally located in the city.

Operational Dynamics and Bankruptcy Statistics

None of the registered companies have filed for bankruptcy, showing a stable industry. However, some companies, such as Linderud Klokker Og Smykker As, show negative EBITDA values, which may indicate economic challenges. There is no publicly available bankruptcy statistics for the industry, but there are no bankruptcy reports among the listed companies.

The industry shows positive development in sales and number of employees, especially after 2020. This can be a good indicator for entrepreneurs looking to establish themselves in Oslo. EBITDA margins are at 7%, showing good profitability. However, entrepreneurs should be aware of competition and economic challenges, as shown by some companies' negative EBITDA. Oslo is an attractive location due to high demand for high-quality jewelry and clockmaking.

The broader category of non-profit organizations has 229 companies, showing that this category is larger than the individual industry. Sales in non-profit organizations have grown by 10.3% from 2016 to 2017, while sales in jewellery/watches/clocks/gold/silver store have grown by 1.9%. The EBITDA margin in non-profit organizations is lower, but the number of employees has grown more. Examples of companies in non-profit organizations include Roschberg Mynthandel As and Oslo Myntgalleri As, which have higher sales than many companies in the jewellery industry.

Jewellery/watches/clocks/gold/silver store in Oslo is a stable and growing industry with good economic trends. There are opportunities for entrepreneurs, especially in central locations. However, one should be aware of competition and economic challenges. SmartGrunder can help find suitable locations and analyze market challenges for new businesses.