FirmaIQ
Org.nr 890 002 552 2022 → 2023 Year-over-year analysis

A. THORESEN SERVICEVERKSTED AS: årsregnskap 2023 vs 2022

Shrank 23% on revenue, stronger earnings

approved 2024-06-24; registry 2024-07-02; journal 2024 560615

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2023 with 2022 for A. THORESEN SERVICEVERKSTED AS. Revenue 35.36m NOK → 27.29m NOK (-22.8%). Net result +3.00m NOK → +4.68m NOK. Equity 19.64m NOK → 20.32m NOK.

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

Also worth watching: cogs fell. All figures are taken from the published annual accounts for A. THORESEN SERVICEVERKSTED AS.

At a glance

Scorecard

Revenue
35.36m NOK 27.29m NOK
-22.8%
Operating result
+3.80m NOK +785.1k NOK
-79.4%
Net result
+3.00m NOK +4.68m NOK
+55.9%
Equity
19.64m NOK 20.32m NOK
+3.5%
Cash
2.38m NOK 2.00m NOK
-15.8%
Total assets
26.95m NOK 25.75m NOK
-4.4%

What improved

  • ↑

    Net result improved

    Net result +3.00m NOK → +4.68m NOK (net margin 8.5% → 17.2%). Calculated

  • ↑

    Equity strengthened

    Book equity 19.64m NOK → 20.32m NOK (equity ratio 72.9% → 78.9%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 35.36m NOK to 27.29m NOK (-22.8% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +3.80m NOK → +785.1k NOK (op. margin 10.8% → 2.9%). Calculated

  • ↓

    Cash fell

    Bank deposits 2.38m NOK → 2.00m NOK (-15.8% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 3.86m NOK → 4.64m NOK (11% → 17% of revenue). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 25.90m NOK → 19.97m NOK (-22.9% YoY). Calculated