SATS ASA: årsregnskap 2024 vs 2023
Grew 7% on revenue, weaker earnings, cash halved-plus
approved 2025-04-28; registry 2025-06-10; journal 2025 419587
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for SATS ASA. Revenue 4.73bn NOK → 5.06bn NOK (+7.0%). Net result +109.00m NOK → +76.00m NOK. Equity 2.75bn NOK → 2.83bn NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened; cash fell.
Also worth watching: sharp cash drawdown; payroll increased; cogs fell. All figures are taken from the published annual accounts for SATS ASA.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 4.73bn NOK to 5.06bn NOK (+7.0% YoY). Calculated
-
↑
Operating result improved
Operating result -27.00m NOK → -13.00m NOK (op. margin -0.6% → -0.3%). Calculated
-
↑
Equity strengthened
Book equity 2.75bn NOK → 2.83bn NOK (equity ratio 57.4% → 59.8%). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.95× → 598.13×. Calculated
What deteriorated
-
↓
Net result weakened
Net result +109.00m NOK → +76.00m NOK (net margin 2.3% → 1.5%). Calculated
-
↓
Cash fell
Bank deposits 136.00m NOK → 153.0k NOK (-99.9% YoY). Calculated
Things to notice
-
·
Sharp cash drawdown
Cash fell by more than 60% YoY (136.00m NOK → 153.0k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
-
·
Payroll increased
Salary cost 1.68bn NOK → 1.86bn NOK (35% → 37% of revenue). Calculated
-
·
COGS fell
COGS / varekostnad 137.00m NOK → 143.0k NOK (-99.9% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 4.50bn NOK → 4.48bn NOK. Reported fact