FirmaIQ
Org.nr 933 783 405 2022 → 2023 Year-over-year analysis

ABBOTT RAPID DIAGNOSTICS AS: årsregnskap 2023 vs 2022

Shrank 41% on revenue, weaker earnings

registry 2024-08-05; journal 2024 716170

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2023 with 2022 for ABBOTT RAPID DIAGNOSTICS AS. Revenue 563.13m NOK → 332.58m NOK (-40.9%). Net result +39.50m NOK → +8.32m NOK. Equity 205.82m NOK → 214.14m NOK.

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

Also worth watching: cogs fell. All figures are taken from the published annual accounts for ABBOTT RAPID DIAGNOSTICS AS.

At a glance

Scorecard

Revenue
563.13m NOK 332.58m NOK
-40.9%
Operating result
+49.69m NOK +6.95m NOK
-86.0%
Net result
+39.50m NOK +8.32m NOK
-78.9%
Equity
205.82m NOK 214.14m NOK
+4.0%
Cash
4.14m NOK 7.55m NOK
+82.2%
Total assets
311.13m NOK 238.37m NOK
-23.4%

What improved

  • ↑

    Equity strengthened

    Book equity 205.82m NOK → 214.14m NOK (equity ratio 66.2% → 89.8%). Calculated

  • ↑

    Cash rose

    Bank deposits 4.14m NOK → 7.55m NOK (+82.2% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 563.13m NOK to 332.58m NOK (-40.9% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +49.69m NOK → +6.95m NOK (op. margin 8.8% → 2.1%). Calculated

  • ↓

    Net result weakened

    Net result +39.50m NOK → +8.32m NOK (net margin 7.0% → 2.5%). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 5.33m NOK → 56.27m NOK (1% → 17% of revenue). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 373.69m NOK → 212.66m NOK (-43.1% YoY). Calculated