FirmaIQ
Org.nr 954 690 873 2022 → 2023 Year-over-year analysis

ADIDAS NORGE AS: årsregnskap 2023 vs 2022

Shrank 23% on revenue, weaker earnings, cash halved-plus

approved 2024-09-02; registry 2024-09-10; journal 2024 744609

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2023 with 2022 for ADIDAS NORGE AS. Revenue 704.45m NOK → 541.22m NOK (-23.2%). Net result +17.64m NOK → +11.26m NOK. Equity 18.69m NOK → 18.95m NOK.

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

Net tougher year on the published lines.

At a glance

Scorecard

Revenue
704.45m NOK 541.22m NOK
-23.2%
Operating result
+23.64m NOK +15.53m NOK
-34.3%
Net result
+17.64m NOK +11.26m NOK
-36.1%
Equity
18.69m NOK 18.95m NOK
+1.4%
Cash
560.3k NOK 96.2k NOK
-82.8%
Total assets
106.65m NOK 91.08m NOK
-14.6%

What improved

  • ↑

    Equity strengthened

    Book equity 18.69m NOK → 18.95m NOK (equity ratio 17.5% → 20.8%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 704.45m NOK to 541.22m NOK (-23.2% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +23.64m NOK → +15.53m NOK (op. margin 3.4% → 2.9%). Calculated

  • ↓

    Net result weakened

    Net result +17.64m NOK → +11.26m NOK (net margin 2.5% → 2.1%). Calculated

  • ↓

    Cash fell

    Bank deposits 560.3k NOK → 96.2k NOK (-82.8% YoY). Calculated