Org.nr 983 462 014 2022 → 2023 Year-over-year analysis

FRED. OLSEN SEAWIND ASA: årsregnskap 2023 vs 2022

Grew 57% on revenue, weaker earnings, fresh owner capital

approved 2024-06-28; registry 2024-07-22; journal 2024 589859

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2023 with 2022 for FRED. OLSEN SEAWIND ASA. Revenue 13.22m NOK → 20.74m NOK (+56.9%). Net result -58.64m NOK → -130.56m NOK. Equity 11.11m NOK → 404.73m NOK.

On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened.

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

Scorecard

Revenue
13.22m NOK 20.74m NOK
+56.9%
Operating result
-40.37m NOK -62.64m NOK
-55.2%
Net result
-58.64m NOK -130.56m NOK
-122.6%
Equity
11.11m NOK 404.73m NOK
+3544.3%
Cash
10.40m NOK 30.04m NOK
+188.8%
Total assets
493.8k NOK 802.6k NOK
+62.5%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 13.22m NOK to 20.74m NOK (+56.9% YoY). Calculated

  • ↑

    Equity strengthened

    Book equity 11.11m NOK → 404.73m NOK (equity ratio 2249.1% → 50429.2%). Calculated

  • ↑

    Cash rose

    Bank deposits 10.40m NOK → 30.04m NOK (+188.8% YoY). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 45.24m NOK → 520.92m NOK (+475.68m NOK). Reported fact

What deteriorated

  • ↓

    Operating result weakened

    Operating result -40.37m NOK → -62.64m NOK (op. margin -305.3% → -302.0%). Calculated

  • ↓

    Net result weakened

    Net result -58.64m NOK → -130.56m NOK (net margin -443.5% → -629.5%). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 470.89m NOK → 768.5k NOK. Reported fact