KITRON ASA: årsregnskap 2023 vs 2022
Grew 41% on revenue, stronger earnings, cash halved-plus
approved 2024-04-25; registry 2024-06-08; journal 2024 432510
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for KITRON ASA. Revenue 134.3k NOK → 188.7k NOK (+40.5%). Net result +62.44m NOK → +130.84m NOK. Equity 785.92m NOK → 762.66m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: sharp cash drawdown; payroll increased; cogs fell. All figures are taken from the published annual accounts for KITRON ASA.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 134.3k NOK to 188.7k NOK (+40.5% YoY). Calculated
-
↑
Operating result improved
Operating result -41.32m NOK → +71.00m NOK (op. margin -30762.9% → 37624.1%). Calculated
-
↑
Net result improved
Net result +62.44m NOK → +130.84m NOK (net margin 46490.9% → 69334.3%). Calculated
What deteriorated
-
↓
Equity eroded
Book equity 785.92m NOK → 762.66m NOK (equity ratio 37.1% → 34.9%). Calculated
-
↓
Cash fell
Bank deposits 43.05m NOK → 6.13m NOK (-85.8% YoY). Calculated
Things to notice
-
·
Sharp cash drawdown
Cash fell by more than 60% YoY (43.05m NOK → 6.13m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
-
·
Payroll increased
Salary cost 88.55m NOK → 108.61m NOK (65927% → 57555% of revenue). Calculated
-
·
COGS fell
COGS / varekostnad 4.44bn NOK → 528.0k NOK (-100.0% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 1.55m NOK → 1.59bn NOK. Reported fact