FirmaIQ
Org.nr 878 703 812 2022 → 2023 Year-over-year analysis

3 STEP IT AS: årsregnskap 2023 vs 2022

Grew 45% on revenue, stronger earnings

approved 2024-03-19; registry 2024-04-30; journal 2024 358932

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2023 with 2022 for 3 STEP IT AS. Revenue 717.10m NOK → 1.04bn NOK (+45.4%). Net result +8.24m NOK → +10.72m NOK. Equity 13.56m NOK → 13.56m NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: 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
717.10m NOK 1.04bn NOK
+45.4%
Operating result
+10.97m NOK +13.23m NOK
+20.6%
Net result
+8.24m NOK +10.72m NOK
+30.1%
Equity
13.56m NOK 13.56m NOK
0.0%
Cash
82.03m NOK 65.86m NOK
-19.7%
Total assets
186.97m NOK 206.11m NOK
+10.2%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 717.10m NOK to 1.04bn NOK (+45.4% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +10.97m NOK → +13.23m NOK (op. margin 1.5% → 1.3%). Calculated

  • ↑

    Net result improved

    Net result +8.24m NOK → +10.72m NOK (net margin 1.1% → 1.0%). Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 82.03m NOK → 65.86m NOK (-19.7% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 6.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Payroll increased

    Salary cost 39.62m NOK → 46.48m NOK (6% → 4% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 635.89m NOK → 945.09m NOK (+48.6% YoY). Calculated