ABD RØRSERVICE AS: årsregnskap 2023 vs 2022
Shrank 20% on revenue, weaker earnings
approved 2024-06-19; registry 2024-07-01; journal 2024 554886
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ABD RØRSERVICE AS. Revenue 25.75m NOK → 20.58m NOK (-20.1%). Net result +1.54m NOK → +292.4k NOK. Equity 4.05m NOK → 4.34m NOK.
On the constructive side: equity strengthened; cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ABD RØRSERVICE AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 4.05m NOK → 4.34m NOK (equity ratio 34.3% → 46.8%). Calculated
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↑
Cash rose
Bank deposits 1.43m NOK → 3.70m NOK (+158.7% YoY). Calculated
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↑
Payroll decreased
Salary cost 7.88m NOK → 7.87m NOK (31% → 38% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 25.75m NOK to 20.58m NOK (-20.1% YoY). Calculated
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↓
Operating result weakened
Operating result +2.02m NOK → +448.1k NOK (op. margin 7.9% → 2.2%). Calculated
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↓
Net result weakened
Net result +1.54m NOK → +292.4k NOK (net margin 6.0% → 1.4%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 12.74m NOK → 9.22m NOK (-27.7% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 170.9k NOK → 135.1k NOK. Reported fact