FirmaIQ
Org.nr 985 253 846 2022 → 2023 Year-over-year analysis

AD NAVIGATION AS: årsregnskap 2023 vs 2022

Grew 40% on revenue, stronger earnings

approved 2024-06-28; registry 2024-07-08; journal 2024 591275

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2023 with 2022 for AD NAVIGATION AS. Revenue 28.14m NOK → 39.40m NOK (+40.0%). Net result +2.89m NOK → +8.14m NOK. Equity 10.74m NOK → 16.88m NOK.

On the constructive side: revenue rose; net result improved; equity strengthened.

Also worth watching: cogs moved; headcount (årsverk) changed. All figures are taken from the published annual accounts for AD NAVIGATION AS.

At a glance

Scorecard

Revenue
28.14m NOK 39.40m NOK
+40.0%
Operating result
n/m +10.25m NOK
—
Net result
+2.89m NOK +8.14m NOK
+181.4%
Equity
10.74m NOK 16.88m NOK
+57.1%
Cash
3.94m NOK 8.06m NOK
+104.8%
Total assets
17.42m NOK 22.99m NOK
+32.0%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 28.14m NOK to 39.40m NOK (+40.0% YoY). Calculated

  • ↑

    Net result improved

    Net result +2.89m NOK → +8.14m NOK (net margin 10.3% → 20.6%). Calculated

  • ↑

    Equity strengthened

    Book equity 10.74m NOK → 16.88m NOK (equity ratio 61.7% → 73.4%). Calculated

  • ↑

    Cash rose

    Bank deposits 3.94m NOK → 8.06m NOK (+104.8% YoY). Calculated

Things to notice

  • ·

    COGS moved

    COGS / varekostnad 10.45m NOK → 15.89m NOK (+52.0% YoY). Calculated

  • ·

    Headcount (årsverk) changed

    Reported FTEs 6 → 6.2. Reported fact