FirmaIQ
Org.nr 917 772 533 2023 → 2024 Year-over-year analysis

OLYMPIC SUBSEA ASA: årsregnskap 2024 vs 2023

Grew 29% on revenue, stronger earnings

approved 2025-04-04; registry 2025-07-31; journal 2025 601676

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2024 with 2023 for OLYMPIC SUBSEA ASA. Revenue 936.30m NOK → 1.21bn NOK (+29.5%). Net result +31.14m NOK → +282.55m NOK. Equity 7.23bn NOK → 7.51bn NOK.

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

Net constructive year on the published lines.

At a glance

Scorecard

Revenue
936.30m NOK 1.21bn NOK
+29.5%
Operating result
-3.96m NOK -5.55m NOK
-40.1%
Net result
+31.14m NOK +282.55m NOK
+807.4%
Equity
7.23bn NOK 7.51bn NOK
+3.9%
Cash
41.28m NOK 209.49m NOK
+407.5%
Total assets
447.13m NOK 920.95m NOK
+106.0%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 936.30m NOK to 1.21bn NOK (+29.5% YoY). Calculated

  • ↑

    Net result improved

    Net result +31.14m NOK → +282.55m NOK (net margin 3.3% → 23.3%). Calculated

  • ↑

    Equity strengthened

    Book equity 7.23bn NOK → 7.51bn NOK (equity ratio 1616.9% → 815.7%). Calculated

  • ↑

    Cash rose

    Bank deposits 41.28m NOK → 209.49m NOK (+407.5% YoY). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.80× → 1.02×. Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result -3.96m NOK → -5.55m NOK (op. margin -0.4% → -0.5%). Calculated