1-2-TRE ELEMENTPRODUKSJON AS: årsregnskap 2023 vs 2022
Shrank 29% on revenue, weaker earnings
approved 2024-03-14; registry 2024-08-08; journal 2024 637106
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for 1-2-TRE ELEMENTPRODUKSJON AS. Revenue 160.19m NOK → 113.90m NOK (-28.9%). Net result +20.57m NOK → +2.51m NOK. Equity 40.85m NOK → 43.36m NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for 1-2-TRE ELEMENTPRODUKSJON AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 40.85m NOK → 43.36m NOK (equity ratio 52.7% → 79.0%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 160.19m NOK to 113.90m NOK (-28.9% YoY). Calculated
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↓
Operating result weakened
Operating result +26.49m NOK → +2.72m NOK (op. margin 16.5% → 2.4%). Calculated
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↓
Net result weakened
Net result +20.57m NOK → +2.51m NOK (net margin 12.8% → 2.2%). Calculated
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↓
Cash fell
Bank deposits 23.25m NOK → 19.10m NOK (-17.9% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 80.14m NOK → 51.12m NOK (-36.2% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 1 NOK → 1.00m NOK. Reported fact