1ST BRANDS AS: årsregnskap 2024 vs 2023
Shrank 6% on revenue, weaker earnings
approved 2025-05-12; registry 2025-05-28; journal 2025 436108
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for 1ST BRANDS AS. Revenue 7.34m NOK → 6.93m NOK (-5.7%). Net result +819.7k NOK → +175.8k NOK. Equity 80.9k NOK → 177.4k NOK.
On the constructive side: equity strengthened; cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for 1ST BRANDS AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 80.9k NOK → 177.4k NOK (equity ratio 4.4% → 11.3%). Calculated
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↑
Cash rose
Bank deposits 127.0k NOK → 141.5k NOK (+11.4% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 7.34m NOK to 6.93m NOK (-5.7% YoY). Calculated
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↓
Operating result weakened
Operating result +1.11m NOK → +272.6k NOK (op. margin 15.1% → 3.9%). Calculated
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↓
Net result weakened
Net result +819.7k NOK → +175.8k NOK (net margin 11.2% → 2.5%). Calculated
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↓
Payroll up without matching revenue
Salary cost 3.13m NOK → 3.62m NOK (43% → 52% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 1.93m NOK → 1.71m NOK (-11.5% YoY). Calculated