FirmaIQ
Org.nr 988 774 677 2022 → 2023 Year-over-year analysis

ADDCON NORDIC AS: årsregnskap 2023 vs 2022

Grew 369% on revenue

approved 2024-03-19; registry 2024-06-22; journal 2024 509234

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2023 with 2022 for ADDCON NORDIC AS. Revenue 561.47m NOK → 2.63bn NOK (+368.7%). Net result +29.62m NOK → +24.77m NOK. Equity 116.55m NOK → 141.31m NOK.

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

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

At a glance

Scorecard

Revenue
561.47m NOK 2.63bn NOK
+368.7%
Operating result
+46.93m NOK +40.77m NOK
-13.1%
Net result
+29.62m NOK +24.77m NOK
-16.4%
Equity
116.55m NOK 141.31m NOK
+21.3%
Total assets
433.00m NOK 373.92m NOK
-13.6%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 561.47m NOK to 2.63bn NOK (+368.7% YoY). Calculated

  • ↑

    Equity strengthened

    Book equity 116.55m NOK → 141.31m NOK (equity ratio 26.9% → 37.8%). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +46.93m NOK → +40.77m NOK (op. margin 8.4% → 1.5%). Calculated

  • ↓

    Net result weakened

    Net result +29.62m NOK → +24.77m NOK (net margin 5.3% → 0.9%). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 52.05m NOK → 56.42m NOK (9% → 2% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 3.41bn NOK → 3.45bn NOK (+1.3% YoY). Calculated

  • ·

    Headcount (årsverk) changed

    Reported FTEs 55.5 → 58. Reported fact