FirmaIQ
Org.nr 911 382 008 2022 → 2023 Year-over-year analysis

ELKEM ASA: årsregnskap 2023 vs 2022

Shrank 29% on revenue, weaker earnings

approved 2024-04-18; registry 2024-06-27; journal 2024 505972

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2023 with 2022 for ELKEM ASA. Revenue 16.45bn NOK → 11.63bn NOK (-29.3%). Net result +5.99bn NOK → +365.00m NOK. Equity 14.01bn NOK → 13.41bn NOK.

On the constructive side: owners injected capital. Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for ELKEM ASA.

At a glance

Scorecard

Revenue
16.45bn NOK 11.63bn NOK
-29.3%
Operating result
+7.54bn NOK +1.06bn NOK
-85.9%
Net result
+5.99bn NOK +365.00m NOK
-93.9%
Equity
14.01bn NOK 13.41bn NOK
-4.3%
Cash
5.32bn NOK 3.33bn NOK
-37.3%
Total assets
35.42bn NOK 34.07bn NOK
-3.8%

What improved

  • ↑

    Owners injected capital

    Paid-in equity rose 3.49bn NOK → 3.50bn NOK (+5.00m NOK). Reported fact

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 16.45bn NOK to 11.63bn NOK (-29.3% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +7.54bn NOK → +1.06bn NOK (op. margin 45.8% → 9.2%). Calculated

  • ↓

    Net result weakened

    Net result +5.99bn NOK → +365.00m NOK (net margin 36.4% → 3.1%). Calculated

  • ↓

    Equity eroded

    Book equity 14.01bn NOK → 13.41bn NOK (equity ratio 39.6% → 39.4%). Calculated

  • ↓

    Cash fell

    Bank deposits 5.32bn NOK → 3.33bn NOK (-37.3% YoY). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 19.08bn NOK → 21.02bn NOK. Reported fact