GRIEG SEAFOOD ASA: årsregnskap 2022 vs 2021
Grew 193% on revenue, weaker earnings
approved 2023-06-27; registry 2023-08-14; journal 2023 676443
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for GRIEG SEAFOOD ASA. Revenue 98.33m NOK → 288.01m NOK (+192.9%). Net result +407.34m NOK → +794.1k NOK. Equity 2.74bn NOK → 3.01bn NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for GRIEG SEAFOOD ASA.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 98.33m NOK to 288.01m NOK (+192.9% YoY). Calculated
-
↑
Operating result improved
Operating result -77.10m NOK → -36.87m NOK (op. margin -78.4% → -12.8%). Calculated
-
↑
Equity strengthened
Book equity 2.74bn NOK → 3.01bn NOK (equity ratio 48.3% → 41.9%). Calculated
-
↑
Cash rose
Bank deposits 792.9k NOK → 524.82m NOK (+66092.4% YoY). Calculated
What deteriorated
-
↓
Net result weakened
Net result +407.34m NOK → +794.1k NOK (net margin 414.3% → 0.3%). Calculated
Things to notice
-
·
Payroll increased
Salary cost 16 NOK → 14.12bn NOK (0% → 4902% of revenue). Calculated
-
·
COGS moved
COGS / varekostnad 1.74bn NOK → 2.23bn NOK (+28.5% YoY). Calculated