REACH SUBSEA ASA: årsregnskap 2023 vs 2022
Grew 15% on revenue, stronger earnings, fresh owner capital
approved 2024-04-15; registry 2024-08-17; journal 2024 693503
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for REACH SUBSEA ASA. Revenue 18.37m NOK → 21.16m NOK (+15.2%). Net result +50.77m NOK → +225.79m NOK. Equity 546.5k NOK → 671.1k NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for REACH SUBSEA ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 18.37m NOK to 21.16m NOK (+15.2% YoY). Calculated
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Net result improved
Net result +50.77m NOK → +225.79m NOK (net margin 276.4% → 1067.2%). Calculated
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Equity strengthened
Book equity 546.5k NOK → 671.1k NOK (equity ratio 90.9% → 59.4%). Calculated
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Cash rose
Bank deposits 16.20m NOK → 352.94m NOK (+2078.9% YoY). Calculated
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Owners injected capital
Paid-in equity rose 471.1k NOK → 671.1k NOK (+200.0k NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result -4.99m NOK → -6.14m NOK (op. margin -27.2% → -29.0%). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 341.5k NOK → 341.33m NOK. Reported fact