FirmaIQ
Org.nr 992 564 113 2022 → 2023 Year-over-year analysis

ADDOVATION AS: årsregnskap 2023 vs 2022

Grew 10% on revenue, weaker earnings, fresh owner capital

approved 2024-04-19; registry 2024-06-27; journal 2024 512229

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2023 with 2022 for ADDOVATION AS. Revenue 80.63m NOK → 88.29m NOK (+9.5%). Net result +18.33m NOK → +8.59m NOK. Equity 28.44m NOK → 34.27m NOK.

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

Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for ADDOVATION AS.

At a glance

Scorecard

Revenue
80.63m NOK 88.29m NOK
+9.5%
Operating result
+11.55m NOK +8.09m NOK
-30.0%
Net result
+18.33m NOK +8.59m NOK
-53.1%
Equity
28.44m NOK 34.27m NOK
+20.5%
Cash
23.32m NOK 34.15m NOK
+46.4%
Total assets
57.20m NOK 74.29m NOK
+29.9%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 80.63m NOK to 88.29m NOK (+9.5% YoY). Calculated

  • ↑

    Equity strengthened

    Book equity 28.44m NOK → 34.27m NOK (equity ratio 49.7% → 46.1%). Calculated

  • ↑

    Cash rose

    Bank deposits 23.32m NOK → 34.15m NOK (+46.4% YoY). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 360.5k NOK → 589.3k NOK (+228.8k NOK). Reported fact

What deteriorated

  • ↓

    Operating result weakened

    Operating result +11.55m NOK → +8.09m NOK (op. margin 14.3% → 9.2%). Calculated

  • ↓

    Net result weakened

    Net result +18.33m NOK → +8.59m NOK (net margin 22.7% → 9.7%). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 34.28m NOK → 39.00m NOK (43% → 44% of revenue). Calculated

  • ·

    COGS fell

    COGS / varekostnad 17.56m NOK → 16.53m NOK (-5.9% YoY). Calculated