70 NORDVEKST AS: årsregnskap 2023 vs 2022
Weaker earnings
approved 2024-05-31; registry 2024-06-22; journal 2024 509266
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for 70 NORDVEKST AS. Revenue 10.96m NOK → 10.44m NOK (-4.7%). Net result +487.4k NOK → +218.9k NOK. Equity 3.58m NOK → 3.80m NOK.
On the constructive side: equity strengthened; cash rose. 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 70 NORDVEKST AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 3.58m NOK → 3.80m NOK (equity ratio 28.9% → 31.9%). Calculated
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↑
Cash rose
Bank deposits 4.45m NOK → 4.49m NOK (+0.8% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 10.96m NOK to 10.44m NOK (-4.7% YoY). Calculated
-
↓
Operating result weakened
Operating result +557.4k NOK → +314.9k NOK (op. margin 5.1% → 3.0%). Calculated
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↓
Net result weakened
Net result +487.4k NOK → +218.9k NOK (net margin 4.4% → 2.1%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 883.4k NOK → 737.5k NOK (-16.5% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 29.2k NOK → 19.2k NOK. Reported fact