FirmaIQ
Org.nr 947 454 838 2022 → 2023 Year-over-year analysis

A/S Hørtefossen: årsregnskap 2023 vs 2022

Weaker earnings

approved 2024-04-19; registry 2024-05-18; journal 2024 370222

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2023 with 2022 for A/S Hørtefossen. Revenue 11.07m NOK → 10.59m NOK (-4.3%). Net result +999.1k NOK → +451.2k NOK. Equity 11.08m NOK → 11.54m NOK.

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

Also worth watching: book investments changed. All figures are taken from the published annual accounts for A/S Hørtefossen.

At a glance

Scorecard

Revenue
11.07m NOK 10.59m NOK
-4.3%
Operating result
+1.27m NOK +536.7k NOK
-57.6%
Net result
+999.1k NOK +451.2k NOK
-54.8%
Equity
11.08m NOK 11.54m NOK
+4.1%
Cash
1.62m NOK 1.63m NOK
+1.0%
Total assets
13.61m NOK 14.05m NOK
+3.2%

What improved

  • ↑

    Equity strengthened

    Book equity 11.08m NOK → 11.54m NOK (equity ratio 81.5% → 82.1%). Calculated

  • ↑

    Cash rose

    Bank deposits 1.62m NOK → 1.63m NOK (+1.0% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 11.07m NOK to 10.59m NOK (-4.3% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +1.27m NOK → +536.7k NOK (op. margin 11.4% → 5.1%). Calculated

  • ↓

    Net result weakened

    Net result +999.1k NOK → +451.2k NOK (net margin 9.0% → 4.3%). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 3.49m NOK → 4.02m NOK (32% → 38% of revenue). Calculated

  • ↓

    COGS moved

    COGS / varekostnad 3.39m NOK → 3.65m NOK (+7.5% YoY). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 5.79m NOK → 6.44m NOK. Reported fact