HAV GROUP ASA: årsregnskap 2024 vs 2023
Grew 15% on revenue, weaker earnings
approved 2025-05-27; registry 2025-07-09; journal 2025 537539
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for HAV GROUP ASA. Revenue 26.89m NOK → 30.99m NOK (+15.3%). Net result +44.28m NOK → +11.00m NOK. Equity 256.0k NOK → 294.9k NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened; current ratio dropped below 1×.
Also worth watching: paid-in equity reduced; payroll increased; cogs fell. All figures are taken from the published annual accounts for HAV GROUP ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 26.89m NOK to 30.99m NOK (+15.3% YoY). Calculated
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Equity strengthened
Book equity 256.0k NOK → 294.9k NOK (equity ratio 62.6% → 49.2%). Calculated
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↑
Cash rose
Bank deposits 36.28m NOK → 237.65m NOK (+555.1% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -19.25m NOK → -20.76m NOK (op. margin -71.6% → -67.0%). Calculated
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↓
Net result weakened
Net result +44.28m NOK → +11.00m NOK (net margin 164.7% → 35.5%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.76× → 0.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 118.86m NOK → 122.2k NOK — check capital reduction, conversion, or reclassification. Interpretation
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Payroll increased
Salary cost 26.81m NOK → 31.85m NOK (100% → 103% of revenue). Calculated
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COGS fell
COGS / varekostnad 367.78m NOK → 513.8k NOK (-99.9% YoY). Calculated
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Book investments changed
Investment / intangible book value 0 NOK → 313.5k NOK. Reported fact