AGL NORWAY AS: årsregnskap 2023 vs 2022
Shrank 23% on revenue, stronger earnings
approved 2024-04-29; registry 2024-06-20; journal 2024 502409
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for AGL NORWAY AS. Revenue 328.18m NOK → 252.55m NOK (-23.0%). Net result +6.27m NOK → +35.11m NOK. Equity 7.22m NOK → 7.39m NOK.
On the constructive side: net result improved; equity strengthened. Pressures included: revenue fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AGL NORWAY AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result +6.27m NOK → +35.11m NOK (net margin 1.9% → 13.9%). Calculated
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↑
Equity strengthened
Book equity 7.22m NOK → 7.39m NOK (equity ratio 17.4% → 9.2%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 328.18m NOK to 252.55m NOK (-23.0% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 9.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 309.90m NOK → 207.48m NOK (-33.0% YoY). Calculated