ABB AS: årsregnskap 2023 vs 2022
Grew 32% on revenue, stronger earnings
approved 2024-03-20; registry 2024-06-03; journal 2024 410416
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ABB AS. Revenue 5.53bn NOK → 7.28bn NOK (+31.7%). Net result +274.5k NOK → +180.35m NOK. Equity 13.70m NOK → 13.69m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for ABB AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 5.53bn NOK to 7.28bn NOK (+31.7% YoY). Calculated
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↑
Operating result improved
Operating result +283.0k NOK → +278.18m NOK (op. margin 0.0% → 3.8%). Calculated
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↑
Net result improved
Net result +274.5k NOK → +180.35m NOK (net margin 0.0% → 2.5%). Calculated
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↑
Cash rose
Bank deposits 28.66m NOK → 39.25m NOK (+36.9% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 13.70m NOK → 13.69m NOK (equity ratio 0.3% → 0.3%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 2.49bn NOK → 3.55bn NOK (+42.6% YoY). Calculated