KITRON ASA: årsregnskap 2024 vs 2023
Weaker earnings, cash halved-plus
approved 2025-04-24; registry 2025-06-21; journal 2025 464783
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for KITRON ASA. Revenue 188.7k NOK → 196.5k NOK (+4.1%). Net result +130.84m NOK → +418.7k NOK. Equity 762.66m NOK → 1.10m NOK.
On the constructive side: revenue rose; payroll decreased. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; sharp cash drawdown; cogs moved. All figures are taken from the published annual accounts for KITRON ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 188.7k NOK to 196.5k NOK (+4.1% YoY). Calculated
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Payroll decreased
Salary cost 108.61m NOK → 103.07m NOK (57555% → 52465% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +71.00m NOK → -36.28m NOK (op. margin 37624.1% → -18466.9%). Calculated
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↓
Net result weakened
Net result +130.84m NOK → +418.7k NOK (net margin 69334.3% → 213.1%). Calculated
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↓
Equity eroded
Book equity 762.66m NOK → 1.10m NOK (equity ratio 34.9% → 0.2%). Calculated
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Cash fell
Bank deposits 6.13m NOK → 0 NOK (-100.0% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Sharp cash drawdown
Cash fell by more than 60% YoY (6.13m NOK → 0 NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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COGS moved
COGS / varekostnad 528.0k NOK → 433.00m NOK (+81907.6% YoY). Calculated
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Book investments changed
Investment / intangible book value 1.59bn NOK → 1.77bn NOK. Reported fact