Org.nr 981 363 019 2022 → 2023 Year-over-year analysis

ABBOTT DIAGNOSTICS TECHNOLOGIES AS: årsregnskap 2023 vs 2022

Grew 31% on revenue, weaker earnings

registry 2024-08-01; journal 2024 694223

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2023 with 2022 for ABBOTT DIAGNOSTICS TECHNOLOGIES AS. Revenue 1.05bn NOK → 1.38bn NOK (+31.3%). Net result +114.43m NOK → +62.28m NOK. Equity 2.36bn NOK → 1.26bn NOK.

On the constructive side: revenue rose; cash rose; current ratio back above 1×. Pressures included: operating result weakened; net result weakened; equity eroded.

Also worth watching: paid-in equity reduced; payroll increased; cogs moved. All figures are taken from the published annual accounts for ABBOTT DIAGNOSTICS TECHNOLOGIES AS.

Scorecard

Revenue
1.05bn NOK 1.38bn NOK
+31.3%
Operating result
+87.22m NOK -6.50m NOK
-107.5%
Net result
+114.43m NOK +62.28m NOK
-45.6%
Equity
2.36bn NOK 1.26bn NOK
-46.5%
Cash
9.74m NOK 10.86m NOK
+11.5%
Total assets
3.10bn NOK 1.60bn NOK
-48.5%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 1.05bn NOK to 1.38bn NOK (+31.3% YoY). Calculated

  • ↑

    Cash rose

    Bank deposits 9.74m NOK → 10.86m NOK (+11.5% YoY). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.97× → 1.47×. Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +87.22m NOK → -6.50m NOK (op. margin 8.3% → -0.5%). Calculated

  • ↓

    Net result weakened

    Net result +114.43m NOK → +62.28m NOK (net margin 10.9% → 4.5%). Calculated

  • ↓

    Equity eroded

    Book equity 2.36bn NOK → 1.26bn NOK (equity ratio 76.3% → 79.2%). Calculated

Things to notice

  • ·

    Paid-in equity reduced

    Paid-in equity fell 1.84bn NOK → 1.20bn NOK — check capital reduction, conversion, or reclassification. Interpretation

  • ·

    Payroll increased

    Salary cost 4.15bn NOK → 4.17bn NOK (395% → 302% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 397.34m NOK → 505.88m NOK (+27.3% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 2.51bn NOK → 919.78m NOK. Reported fact

  • ·

    Headcount (årsverk) changed

    Reported FTEs 259 → 302. Reported fact