FirmaIQ
Org.nr 919 018 755 2022 → 2023 Year-over-year analysis

ACE NORWAY AS: årsregnskap 2023 vs 2022

Grew 62% on revenue, returned to profit

approved 2024-07-31; registry 2024-08-08; journal 2024 720198

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2023 with 2022 for ACE NORWAY AS. Revenue 18.17m NOK → 29.41m NOK (+61.8%). Net result -15.80m NOK → +18.40m NOK. Equity 9.65m NOK → 4.27bn NOK.

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

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

At a glance

Scorecard

Revenue
18.17m NOK 29.41m NOK
+61.8%
Operating result
+1.88m NOK +7.53m NOK
+300.1%
Net result
-15.80m NOK +18.40m NOK
+216.4%
Equity
9.65m NOK 4.27bn NOK
+44118.0%
Cash
716.4k NOK 10.20m NOK
+1323.4%
Total assets
196.14m NOK 294.58m NOK
+50.2%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 18.17m NOK to 29.41m NOK (+61.8% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +1.88m NOK → +7.53m NOK (op. margin 10.4% → 25.6%). Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 15.80m NOK to a profit of 18.40m NOK. Calculated

  • ↑

    Equity strengthened

    Book equity 9.65m NOK → 4.27bn NOK (equity ratio 4.9% → 1448.8%). Calculated

  • ↑

    Cash rose

    Bank deposits 716.4k NOK → 10.20m NOK (+1323.4% YoY). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 29.9k NOK → 113.38m NOK. Reported fact