FirmaIQ
Org.nr 878 703 812 2021 → 2022 Year-over-year analysis

3 STEP IT AS: årsregnskap 2022 vs 2021

Grew 26% on revenue, weaker earnings

approved 2023-05-15; registry 2023-06-06; journal 2023 426432

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2022 with 2021 for 3 STEP IT AS. Revenue 569.37m NOK → 717.10m NOK (+25.9%). Net result +14.69m NOK → +8.24m NOK. Equity 13.56m NOK → 13.56m NOK.

On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; cash fell.

Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for 3 STEP IT AS.

At a glance

Scorecard

Revenue
569.37m NOK 717.10m NOK
+25.9%
Operating result
+20.46m NOK +10.97m NOK
-46.4%
Net result
+14.69m NOK +8.24m NOK
-43.9%
Equity
13.56m NOK 13.56m NOK
0.0%
Cash
84.47m NOK 82.03m NOK
-2.9%
Total assets
133.04m NOK 186.97m NOK
+40.5%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 569.37m NOK to 717.10m NOK (+25.9% YoY). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +20.46m NOK → +10.97m NOK (op. margin 3.6% → 1.5%). Calculated

  • ↓

    Net result weakened

    Net result +14.69m NOK → +8.24m NOK (net margin 2.6% → 1.1%). Calculated

  • ↓

    Cash fell

    Bank deposits 84.47m NOK → 82.03m NOK (-2.9% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 7.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Payroll increased

    Salary cost 34.26m NOK → 39.62m NOK (6% → 6% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 491.36m NOK → 635.89m NOK (+29.4% YoY). Calculated