Knit Store in Senja: A Detailed Industry Analysis

Industry Overview

In Senja, there are 2 companies registered within the knit store industry. The industry has shown variation in sales development, with a significant increase in 2020 (166.8%) followed by a decline in 2022 and 2025. Employment development has been more stable, with an increase from 8 to 13 employees between 2016 and 2026. The industry has an average EBITDA margin of 11%, indicating relative strength in operating results. There are no registered bankruptcies in the industry, suggesting a stable business environment.

Economic Overview

Sales Development (NOK):

Employment Development:

Financing and Operating Results:

• Average EBITDA margin: 11%
• Average gross margin: 57%
• Average operating result per employee: 522.4 thousand NOK
• Average EBITDA per employee: 59.1 thousand NOK

Companies in the Industry

1. Km Handel As

• Address: Amfi Finnsnes, Finnsnes
• Organizational Form: AS
• Founded: 2015-09-04
• Number of Employees: 11
• Sales: 3.2M NOK
• EBITDA: 203.0K NOK
• EBITDA margin: 6%
• Bankruptcy Status: Not bankrupt

2. Handarbeidsstua As

• Address: Storgata 47, Finnsnes
• Organizational Form: AS
• Founded: 1999-10-31
• Number of Employees: 5
• Sales: 1.9M NOK
• EBITDA: 378.0K NOK
• EBITDA margin: 19%
• Bankruptcy Status: Not bankrupt

Organizational Form:

• AS: 2 companies, 16 employees, 5.1M NOK in sales, 581.0K NOK in EBITDA

Business Geography

Finnsnes is the only location in Senja with activity within the knit store industry:

• Number of companies: 2
• Number of employees: 16
• Operating income: 5.1M NOK
• Sales: 5.1M NOK
• Wages: 1.3M NOK
• Operating result: 543.0K NOK
• EBITDA: 581.0K NOK
• Gross result: 3.0M NOK
• Equity: 2.3M NOK
• Debt: 850.0K NOK
• Sales growth: -6%
• Operating result per employee: 522.4K NOK
• EBITDA margin: 11%
• EBITDA per employee: 59.1K NOK
• Gross margin: 57%
• Operating margin: 10%

Business Dynamics

Bankruptcy Statistics:

• There are no registered bankruptcies in the knit store industry in Senja.

Operating Results and Stability:

• The two companies have shown variation in operating results, but none have been bankrupt.
• Handarbeidsstua As has a higher EBITDA margin (19%) compared to Km Handel As (6%).
• Sales growth was most pronounced in 2020 (+166.8%), but has since cooled.
• Employment development has been more stable, with an increase from 8 to 13 employees between 2016 and 2026.

Outlook for Entrepreneurs

The knit store industry in Senja has shown both potential and challenges. The significant sales increase in 2020 (166.8%) indicates that there may be opportunities to exploit special market conditions, such as increased demand during the pandemic. However, sales have cooled in recent years, which may signal that the industry is dependent on external factors. Entrepreneurs should consider combining traditional tools with modern marketing strategies to ensure stable growth. It may also be possible to leverage cooperation with other companies in creative and entertainment activities to create synergies.

Broader industry2 grouping:

• Number of companies: 29
• Sales: 107.0M NOK in 2025
• Employment development: 112 employees in 2026
• EBITDA margin: Variable, with some companies achieving high values (e.g., Cubus Thon Senter Finnsnes Avd 907 with 1.9M NOK in EBITDA)

Peer companies:

• Kappahl As Avd 370 Finnsnes: 18.5M NOK in sales, 13 employees, 2.1M NOK in EBITDA
• Dressmann Thon Senter Finnsnes Avd 122: 11.9M NOK in sales, 6 employees, 1.9M NOK in EBITDA
• Cubus Thon Senter Finnsnes Avd 907: 20.3M NOK in sales, 12 employees, 1.9M NOK in EBITDA

Conclusion:

• Creative, art, and entertainment activities are a broader industry group with higher sales and more companies. This can provide entrepreneurs with opportunities to tap into a larger market, but competition is also higher. The knit store industry is part of this group, but has a smaller market share and less variation in company size.

Conclusion

The knit store industry in Senja has shown both potential and challenges. With two companies and a stable business environment, it may be possible to further develop, especially if traditional tools are combined with modern marketing strategies. It may also be possible to leverage cooperation with other companies in creative and entertainment activities to create synergies. SmartGrunder can help entrepreneurs find suitable addresses in Senja for this industry, based on natural conditions and market opportunities.