FirmaIQ
Org.nr 987 794 666 2021 → 2022 Year-over-year analysis

ADECCO GROUP NORWAY AS: årsregnskap 2022 vs 2021

Weaker earnings

approved 2023-06-26; registry 2023-07-29; journal 2023 620713

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2022 with 2021 for ADECCO GROUP NORWAY AS. Revenue 394.4k NOK → 412.5k NOK (+4.6%). Net result +15.15m NOK → +2.79m NOK. Equity 686.7k NOK → 689.5k NOK.

On the constructive side: revenue rose; equity strengthened; current ratio back above 1×. Pressures included: operating result weakened; net result weakened.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADECCO GROUP NORWAY AS.

At a glance

Scorecard

Revenue
394.4k NOK 412.5k NOK
+4.6%
Operating result
+22.41m NOK +18.48m NOK
-17.5%
Net result
+15.15m NOK +2.79m NOK
-81.6%
Equity
686.7k NOK 689.5k NOK
+0.4%
Total assets
1.27bn NOK 1.40bn NOK
+9.8%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 394.4k NOK to 412.5k NOK (+4.6% YoY). Calculated

  • ↑

    Equity strengthened

    Book equity 686.7k NOK → 689.5k NOK (equity ratio 0.1% → 0.0%). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.26× → 224.73×. Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +22.41m NOK → +18.48m NOK (op. margin 5681.1% → 4480.3%). Calculated

  • ↓

    Net result weakened

    Net result +15.15m NOK → +2.79m NOK (net margin 3842.7% → 675.3%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation