AIRFLOW FILTER AS: årsregnskap 2023 vs 2022
Shrank 27% on revenue, weaker earnings, cash halved-plus
approved 2024-03-22; registry 2024-04-11; journal 2024 348569
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for AIRFLOW FILTER AS. Revenue 453.3k NOK → 330.3k NOK (-27.1%). Net result +104.9k NOK → +57.3k NOK. Equity 421.6k NOK → 478.9k NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for AIRFLOW FILTER AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 421.6k NOK → 478.9k NOK (equity ratio 89.0% → 96.5%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 453.3k NOK to 330.3k NOK (-27.1% YoY). Calculated
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↓
Operating result weakened
Operating result +134.6k NOK → +71.6k NOK (op. margin 29.7% → 21.7%). Calculated
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↓
Net result weakened
Net result +104.9k NOK → +57.3k NOK (net margin 23.2% → 17.3%). Calculated
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↓
Cash fell
Bank deposits 413.1k NOK → 202.4k NOK (-51.0% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 278.2k NOK → 202.0k NOK (-27.4% YoY). Calculated