FirmaIQ
Org.nr 938 992 185 2021 → 2022 Year-over-year analysis

HEXAGON COMPOSITES ASA: årsregnskap 2022 vs 2021

Grew 88577% on revenue, stronger earnings

approved 2023-04-26; registry 2023-06-20; journal 2023 473315

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2022 with 2021 for HEXAGON COMPOSITES ASA. Revenue 127.6k NOK → 113.11m NOK (+88577.3%). Net result +13.93m NOK → +126.28m NOK. Equity 2.57bn NOK → 2.70bn NOK.

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

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

At a glance

Scorecard

Revenue
127.6k NOK 113.11m NOK
+88577.3%
Operating result
-9.10m NOK -10.13m NOK
-11.3%
Net result
+13.93m NOK +126.28m NOK
+806.3%
Equity
2.57bn NOK 2.70bn NOK
+5.1%
Cash
1.15m NOK 1.38m NOK
+20.2%
Total assets
3.87bn NOK 4.74bn NOK
+22.5%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 127.6k NOK to 113.11m NOK (+88577.3% YoY). Calculated

  • ↑

    Net result improved

    Net result +13.93m NOK → +126.28m NOK (net margin 10923.7% → 111.6%). Calculated

  • ↑

    Equity strengthened

    Book equity 2.57bn NOK → 2.70bn NOK (equity ratio 66.4% → 56.9%). Calculated

  • ↑

    Cash rose

    Bank deposits 1.15m NOK → 1.38m NOK (+20.2% YoY). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 2.19bn NOK → 2.23bn NOK (+34.14m NOK). Reported fact

What deteriorated

  • ↓

    Operating result weakened

    Operating result -9.10m NOK → -10.13m NOK (op. margin -7136.4% → -9.0%). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 3.78bn NOK → 301.0k NOK. Reported fact