Org.nr 833 208 632 2022 → 2023 Year-over-year analysis

AIT WORLDWIDE LOGISTICS NORWAY AS: årsregnskap 2023 vs 2022

Grew 6% on revenue, stronger earnings, cash halved-plus

approved 2024-06-12; registry 2024-06-24; journal 2024 513965

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2023 with 2022 for AIT WORLDWIDE LOGISTICS NORWAY AS. Revenue 2.29bn NOK → 2.43bn NOK (+6.1%). Net result +297.6k NOK → +23.87m NOK. Equity 10.80m NOK → 19.01m NOK.

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

Also worth watching: cogs fell. All figures are taken from the published annual accounts for AIT WORLDWIDE LOGISTICS NORWAY AS.

Scorecard

Revenue
2.29bn NOK 2.43bn NOK
+6.1%
Operating result
+6.21m NOK +30.18m NOK
+386.1%
Net result
+297.6k NOK +23.87m NOK
+7919.9%
Equity
10.80m NOK 19.01m NOK
+76.0%
Cash
27.09m NOK 12.08m NOK
-55.4%
Total assets
93.76m NOK 113.11m NOK
+20.6%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 2.29bn NOK to 2.43bn NOK (+6.1% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +6.21m NOK → +30.18m NOK (op. margin 0.3% → 1.2%). Calculated

  • ↑

    Net result improved

    Net result +297.6k NOK → +23.87m NOK (net margin 0.0% → 1.0%). Calculated

  • ↑

    Equity strengthened

    Book equity 10.80m NOK → 19.01m NOK (equity ratio 11.5% → 16.8%). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 500.0k NOK → 6.50m NOK (+6.00m NOK). Reported fact

What deteriorated

  • ↓

    Cash fell

    Bank deposits 27.09m NOK → 12.08m NOK (-55.4% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 1.20bn NOK → 310.36m NOK (-74.1% YoY). Calculated