FirmaIQ
Org.nr 925 615 722 2021 → 2022 Year-over-year analysis

ADVANCE ENGINEERING AS: årsregnskap 2022 vs 2021

Shrank 16% on revenue, weaker earnings

approved 2023-01-05; registry 2023-06-24; journal 2023 512753

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2022 with 2021 for ADVANCE ENGINEERING AS. Revenue 2 542 NOK → 2 123 NOK (-16.5%). Net result +1.28m NOK → +959.8k NOK. Equity 59.9k NOK → 89.7k 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
2 542 NOK 2 123 NOK
-16.5%
Operating result
+1 646 NOK +1 229 NOK
-25.3%
Net result
+1.28m NOK +959.8k NOK
-25.3%
Equity
59.9k NOK 89.7k NOK
+49.8%
Cash
1 342 NOK 1 282 NOK
-4.5%
Total assets
1.90m NOK 1.51m NOK
-20.8%

What improved

  • ↑

    Equity strengthened

    Book equity 59.9k NOK → 89.7k NOK (equity ratio 3.1% → 5.9%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 2 542 NOK to 2 123 NOK (-16.5% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +1 646 NOK → +1 229 NOK (op. margin 64.8% → 57.9%). Calculated

  • ↓

    Net result weakened

    Net result +1.28m NOK → +959.8k NOK (net margin 50530.4% → 45211.1%). Calculated