3H HOLDING AS: årsregnskap 2023 vs 2022
Grew 343% on revenue, weaker earnings, cash halved-plus
registry 2024-07-17; journal 2024 640429
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for 3H HOLDING AS. Revenue 576.9k NOK → 2.56m NOK (+343.1%). Net result +4.59m NOK → +1.56m NOK. Equity 11.46m NOK → 10.66m NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for 3H HOLDING AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 576.9k NOK to 2.56m NOK (+343.1% YoY). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result -17.0k NOK → -59.2k NOK (op. margin -2.9% → -2.3%). Calculated
-
↓
Net result weakened
Net result +4.59m NOK → +1.56m NOK (net margin 795.1% → 61.1%). Calculated
-
↓
Equity eroded
Book equity 11.46m NOK → 10.66m NOK (equity ratio 87.2% → 52.0%). Calculated
-
↓
Cash fell
Bank deposits 773.0k NOK → 35.3k NOK (-95.4% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 2.15× → 0.79× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
COGS fell
COGS / varekostnad 383.5k NOK → 200.0k NOK (-47.8% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 466.3k NOK → 787.0k NOK. Reported fact