FirmaIQ
Org.nr 979 515 715 2022 → 2023 Year-over-year analysis

ADVENT NORWAY AS: årsregnskap 2023 vs 2022

Grew 12% on revenue, weaker earnings

approved 2024-06-12; registry 2024-06-22; journal 2024 506548

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2023 with 2022 for ADVENT NORWAY AS. Revenue 23.36m NOK → 26.25m NOK (+12.4%). Net result +1.84m NOK → +1.19m NOK. Equity 8.32m NOK → 9.51m NOK.

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

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

At a glance

Scorecard

Revenue
23.36m NOK 26.25m NOK
+12.4%
Operating result
+3.44m NOK +2.14m NOK
-37.7%
Net result
+1.84m NOK +1.19m NOK
-35.4%
Equity
8.32m NOK 9.51m NOK
+14.3%
Cash
2.20m NOK 1.87m NOK
-14.9%
Total assets
13.33m NOK 14.25m NOK
+6.9%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 23.36m NOK to 26.25m NOK (+12.4% YoY). Calculated

  • ↑

    Equity strengthened

    Book equity 8.32m NOK → 9.51m NOK (equity ratio 62.5% → 66.8%). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +3.44m NOK → +2.14m NOK (op. margin 14.7% → 8.2%). Calculated

  • ↓

    Net result weakened

    Net result +1.84m NOK → +1.19m NOK (net margin 7.9% → 4.5%). Calculated

  • ↓

    Cash fell

    Bank deposits 2.20m NOK → 1.87m NOK (-14.9% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 11.92m NOK → 15.90m NOK (51% → 61% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 4.86m NOK → 5.70m NOK (+17.3% YoY). Calculated