FirmaIQ
Org.nr 993 098 736 2022 → 2023 Year-over-year analysis

ABAX AS: årsregnskap 2023 vs 2022

Grew 12% on revenue, stronger earnings

approved 2024-06-28; registry 2024-08-01; journal 2024 694174

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2023 with 2022 for ABAX AS. Revenue 489.74m NOK → 550.81m NOK (+12.5%). Net result +44.47m NOK → +274.44m NOK. Equity 1.19bn NOK → 1.36bn NOK.

On the constructive side: revenue rose; operating result improved; net result improved.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for ABAX AS.

At a glance

Scorecard

Revenue
489.74m NOK 550.81m NOK
+12.5%
Operating result
+58.73m NOK +108.28m NOK
+84.4%
Net result
+44.47m NOK +274.44m NOK
+517.2%
Equity
1.19bn NOK 1.36bn NOK
+14.8%
Cash
25.01m NOK 125.47m NOK
+401.7%
Total assets
1.94bn NOK 2.07bn NOK
+6.5%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 489.74m NOK to 550.81m NOK (+12.5% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +58.73m NOK → +108.28m NOK (op. margin 12.0% → 19.7%). Calculated

  • ↑

    Net result improved

    Net result +44.47m NOK → +274.44m NOK (net margin 9.1% → 49.8%). Calculated

  • ↑

    Equity strengthened

    Book equity 1.19bn NOK → 1.36bn NOK (equity ratio 61.3% → 66.0%). Calculated

  • ↑

    Cash rose

    Bank deposits 25.01m NOK → 125.47m NOK (+401.7% YoY). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 1.30bn NOK → 1.31bn NOK. Reported fact