HEXAGON COMPOSITES ASA: årsregnskap 2023 vs 2022
Shrank 100% on revenue, weaker earnings
approved 2024-04-17; registry 2024-07-18; journal 2024 576081
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for HEXAGON COMPOSITES ASA. Revenue 113.11m NOK → 120.6k NOK (-99.9%). Net result +126.28m NOK → +813.0k NOK. Equity 2.70bn NOK → 2.12bn NOK.
On the constructive side: cash rose; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for HEXAGON COMPOSITES ASA.
At a glance
Scorecard
What improved
-
↑
Cash rose
Bank deposits 1.38m NOK → 1.99m NOK (+44.5% YoY). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.20× → 14.43×. Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 113.11m NOK to 120.6k NOK (-99.9% YoY). Calculated
-
↓
Operating result weakened
Operating result -10.13m NOK → -52.42m NOK (op. margin -9.0% → -43480.4%). Calculated
-
↓
Net result weakened
Net result +126.28m NOK → +813.0k NOK (net margin 111.6% → 674.3%). Calculated
-
↓
Equity eroded
Book equity 2.70bn NOK → 2.12bn NOK (equity ratio 56.9% → 55.1%). Calculated
Things to notice
-
·
Paid-in equity reduced
Paid-in equity fell 2.23bn NOK → 907.24m NOK — check capital reduction, conversion, or reclassification. Interpretation
-
·
Book investments changed
Investment / intangible book value 301.0k NOK → 3.81bn NOK. Reported fact