PIONEER PROPERTY GROUP ASA: årsregnskap 2024 vs 2023
Grew 28% on revenue, weaker earnings
approved 2025-04-28; registry 2025-08-07; journal 2025 669014
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for PIONEER PROPERTY GROUP ASA. Revenue 12.09m NOK → 15.46m NOK (+27.8%). Net result +25.86m NOK → +1.11m NOK. Equity 1.12bn NOK → 906.63m NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: net result weakened; equity eroded; current ratio dropped below 1×.
Also worth watching: paid-in equity reduced; 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 12.09m NOK to 15.46m NOK (+27.8% YoY). Calculated
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↑
Operating result improved
Operating result -3.72m NOK → -1.98m NOK (op. margin -30.8% → -12.8%). Calculated
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Cash rose
Bank deposits 42.28m NOK → 186.57m NOK (+341.3% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result +25.86m NOK → +1.11m NOK (net margin 213.9% → 7.2%). Calculated
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↓
Equity eroded
Book equity 1.12bn NOK → 906.63m NOK (equity ratio 93.7% → 25.7%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.76× → 0.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 569.33m NOK → 414.26m NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 1.01bn NOK → 1.18bn NOK. Reported fact