A HVIDE HOLDING AS: årsregnskap 2023 vs 2022
Weaker earnings, cash halved-plus
approved 2024-06-20; registry 2024-06-29; journal 2024 540269
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for A HVIDE HOLDING AS. Revenue 371.6k NOK → 354.6k NOK (-4.6%). Net result -252.3k NOK → -496.9k NOK. Equity 7.20bn NOK → 7.18bn NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for A HVIDE HOLDING AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 371.6k NOK to 354.6k NOK (-4.6% YoY). Calculated
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Operating result weakened
Operating result +102.3k NOK → -99.1k NOK (op. margin 27.5% → -27.9%). Calculated
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Net result weakened
Net result -252.3k NOK → -496.9k NOK (net margin -67.9% → -140.1%). Calculated
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Equity eroded
Book equity 7.20bn NOK → 7.18bn NOK (equity ratio 3380.2% → 3568.1%). Calculated
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Cash fell
Bank deposits 1.30m NOK → 401.2k NOK (-69.1% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (1.30m NOK → 401.2k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation