Knit Store in Bodø: An Analysis of the Industry, Companies, and Outlooks

Industry Overview

The knit store industry in Bodø is a small but dynamic sector with 5 registered companies and 17 employees. In recent years, the industry has shown variations in sales and operating profit, with a significant increase in 2024 (NOK 37.5 million) followed by a mild decline in 2025. The EBITDA margin stands at 3%, indicating that the operating profit is relatively low compared to sales. The industry is part of the broader creative, arts, and entertainment activities sector, which has 96 companies in Bodø, showing that knit stores are a subgroup within a larger industry.

Sales and Employees in the Industry:

• Sales: In 2024, the knit store industry in Bodø achieved a sales volume of NOK 37.5 million, an increase of 21.6% compared to 2023. This is the most significant growth in the period, but a decline of 2.4% was recorded in 2025.
• Employees: The number of employees has varied between 14 and 27 over the years, with a peak in 2018 and a decline in 2021. In 2024, the industry had 15 employees, showing stabilization after a period of fluctuations.

Operating Profit and Margins:

• The industry's EBITDA margin is at 3%, indicating that the operating profit is relatively low compared to sales. This may be due to high operating costs or low pricing.
• Individual companies show significant variations in operating profit. For example, Nøste City Nord had an EBITDA margin of 4%, while Nettsalg As had a negative EBITDA margin of -156%, showing large variations in financial health.

In Bodø, there are 5 companies registered within the knit store industry. The key companies and their organizational forms are:

Organizational Forms:

• SA (Stock Company) is the most common organizational form, with 1 company and 13 employees. SA companies have higher EBITDA margins compared to AS companies.
• AS (Limited Liability Company) has 2 companies, but these have lower EBITDA margins and some have negative operating profits.
• ENK (Sole Proprietorship) is represented by two companies, but these have no sales or employees, indicating that they are in the start-up phase or not actively operating.

All companies within the knit store industry in Bodø are located in the city of Bodø. There are 3 registered companies in the city, with 17 employees and a total sales volume of NOK 46.2 million. There is no spread of activity to other city districts or municipalities. This indicates that the industry is concentrated in the center of Bodø, which can be an advantage for collaboration and marketing, but also a challenge in terms of competition.

Bankruptcies and Financial Health:

There are no registered bankruptcies in the knit store industry in Bodø, indicating that the industry has relatively stable financial health. However, data shows that some companies have negative operating profits. For example, Nettsalg As had an EBITDA of -854K, indicating that the company has high operating costs or low sales margin.

Operating Profit and Margins:

• Companies with positive operating profits have higher EBITDA margins, indicating that they have better cost control or higher prices.
• Companies with a low number of employees, such as Inger A Krey Dagsloth and Litt Av Hvert Kristin Norli, have no sales or operating profits, which may indicate that they are in the start-up phase or not actively operating.

Outlook for Entrepreneurs

The knit store industry in Bodø shows a mix of opportunities and challenges for entrepreneurs. In recent years, the industry has shown an increase in sales, especially in 2024, indicating that there may be opportunities for growth. However, the EBITDA margin is low, which can be a challenge for new companies aiming to achieve profitability.

Competitiveness:

The industry has a relatively small number of companies, which can be an advantage for new entrepreneurs. However, there are more companies in the broader creative, arts, and entertainment activities sector, which can lead to competitiveness.

Recommendation:

Entrepreneurs should consider analyzing competitors and finding a unique positioning in the market. It may also be beneficial to collaborate with local companies to achieve better marketing and cost control.

Creative, Arts, and Entertainment Activities Sector:

The broader sector has 96 companies in Bodø, showing that knit stores are a small subgroup within a larger industry. The sales volume in the sector has shown variations, with a peak in 2024 (NOK 505.1 million) and a decline in 2025. The EBITDA margin for the sector is higher than for the knit store industry, indicating that companies in the broader sector have better financial health.

Peer Companies:

In the broader sector, we find companies such as H&M, Zara, and Lindex, which have higher sales and EBITDA than companies in the knit store industry. This can be a challenge for new entrepreneurs, but also an opportunity for collaboration and marketing.

Conclusion:

The broader sector has a higher degree of variation in sales and operating profit, which can be a challenge for new companies. However, there may be opportunities for collaboration and marketing with existing companies in the sector.

The knit store industry in Bodø is a small but dynamic sector with opportunities for growth and development. In recent years, the industry has shown an increase in sales, especially in 2024, indicating that there may be opportunities for new companies. However, the EBITDA margin is low, which can be a challenge for new entrepreneurs. It is also important to consider the competition and financial health in the broader creative, arts, and entertainment activities sector.

SmartGrunder can help entrepreneurs find suitable addresses in Bodø for this industry, where natural development is taking place.