Org.nr 935 333 156 2022 → 2023 Year-over-year analysis

ADECCO NORGE AS: årsregnskap 2023 vs 2022

Shrank 16% on revenue, weaker earnings, fresh owner capital

approved 2024-06-27; registry 2024-07-16; journal 2024 634231

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2023 with 2022 for ADECCO NORGE AS. Revenue 2.09bn NOK → 1.75bn NOK (-16.2%). Net result -26.63m NOK → -44.48m NOK. Equity 180.4k NOK → 171.91m NOK.

On the constructive side: equity strengthened; owners injected capital; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.

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

Scorecard

Revenue
2.09bn NOK 1.75bn NOK
-16.2%
Operating result
-37.72m NOK -84.31m NOK
-123.5%
Net result
-26.63m NOK -44.48m NOK
-67.0%
Equity
180.4k NOK 171.91m NOK
+95200.2%
Cash
6.47m NOK 6.27m NOK
-3.0%
Total assets
898.5k NOK 824.19m NOK
+91634.0%

What improved

  • ↑

    Equity strengthened

    Book equity 180.4k NOK → 171.91m NOK (equity ratio 20.1% → 20.9%). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 180.4k NOK → 171.91m NOK (+171.73m NOK). Reported fact

  • ↑

    Payroll decreased

    Salary cost 1.58bn NOK → 1.37bn NOK (76% → 78% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 2.09bn NOK to 1.75bn NOK (-16.2% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result -37.72m NOK → -84.31m NOK (op. margin -1.8% → -4.8%). Calculated

  • ↓

    Net result weakened

    Net result -26.63m NOK → -44.48m NOK (net margin -1.3% → -2.5%). Calculated

  • ↓

    Cash fell

    Bank deposits 6.47m NOK → 6.27m NOK (-3.0% YoY). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 85.35m NOK → 43.15m NOK. Reported fact