Org.nr 919 967 072 2022 → 2023 Year-over-year analysis

CLOUDBERRY CLEAN ENERGY ASA: årsregnskap 2023 vs 2022

Grew 14% on revenue, stronger earnings, cash halved-plus

approved 2024-04-16; registry 2024-08-17; journal 2024 699724

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2023 with 2022 for CLOUDBERRY CLEAN ENERGY ASA. Revenue 2 100 NOK → 2 400 NOK (+14.3%). Net result +22.51m NOK → +94.64m NOK. Equity 3.55bn NOK → 3.64bn NOK.

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

Also worth watching: sharp cash drawdown; paid-in equity reduced. All figures are taken from the published annual accounts for CLOUDBERRY CLEAN ENERGY ASA.

Scorecard

Revenue
2 100 NOK 2 400 NOK
+14.3%
Operating result
-70.87m NOK -70.01m NOK
+1.2%
Net result
+22.51m NOK +94.64m NOK
+320.4%
Equity
3.55bn NOK 3.64bn NOK
+2.5%
Cash
1.40bn NOK 403.59m NOK
-71.3%
Total assets
3.63bn NOK 3.65bn NOK
+0.7%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 2 100 NOK to 2 400 NOK (+14.3% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -70.87m NOK → -70.01m NOK (op. margin -3374597.0% → -2917096.0%). Calculated

  • ↑

    Net result improved

    Net result +22.51m NOK → +94.64m NOK (net margin 1071971.2% → 3943423.4%). Calculated

  • ↑

    Equity strengthened

    Book equity 3.55bn NOK → 3.64bn NOK (equity ratio 97.7% → 99.5%). Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 1.40bn NOK → 403.59m NOK (-71.3% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (1.40bn NOK → 403.59m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    Paid-in equity reduced

    Paid-in equity fell 3.57bn NOK → 3.57bn NOK — check capital reduction, conversion, or reclassification. Interpretation