PIONEER PROPERTY GROUP ASA: årsregnskap 2023 vs 2022
Grew 25% on revenue, weaker earnings, cash halved-plus
approved 2024-04-16; registry 2024-08-15; journal 2024 689008
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for PIONEER PROPERTY GROUP ASA. Revenue 9.69m NOK → 12.09m NOK (+24.8%). Net result +119.95m NOK → +25.86m NOK. Equity 1.19bn NOK → 1.12bn NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for PIONEER PROPERTY GROUP ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 9.69m NOK to 12.09m NOK (+24.8% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -1.88m NOK → -3.72m NOK (op. margin -19.4% → -30.8%). Calculated
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↓
Net result weakened
Net result +119.95m NOK → +25.86m NOK (net margin 1237.9% → 213.9%). Calculated
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↓
Equity eroded
Book equity 1.19bn NOK → 1.12bn NOK (equity ratio 92.6% → 93.7%). Calculated
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↓
Cash fell
Bank deposits 124.55m NOK → 42.28m NOK (-66.1% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (124.55m NOK → 42.28m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 1.03bn NOK → 1.01bn NOK. Reported fact