STOREBRAND ASA: årsregnskap 2023 vs 2022
Grew 40% on revenue, stronger earnings, cash halved-plus
approved 2024-04-04; registry 2024-05-28; journal 2024 384108
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for STOREBRAND ASA. Revenue 3.19bn NOK → 4.46bn NOK (+40.1%). Net result +2.94bn NOK → +4.08bn NOK. Equity 29.09bn NOK → 29.90bn NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.
Also worth watching: sharp cash drawdown; paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for STOREBRAND ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 3.19bn NOK to 4.46bn NOK (+40.1% YoY). Calculated
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Operating result improved
Operating result +2.97bn NOK → +4.22bn NOK (op. margin 93.1% → 94.6%). Calculated
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Net result improved
Net result +2.94bn NOK → +4.08bn NOK (net margin 92.2% → 91.4%). Calculated
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Equity strengthened
Book equity 29.09bn NOK → 29.90bn NOK (equity ratio 89.6% → 89.6%). Calculated
What deteriorated
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Cash fell
Bank deposits 433.00m NOK → 46.00m NOK (-89.4% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (433.00m NOK → 46.00m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Paid-in equity reduced
Paid-in equity fell 13.16bn NOK → 13.08bn NOK — check capital reduction, conversion, or reclassification. Interpretation
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Book investments changed
Investment / intangible book value 40.00m NOK → 31.00m NOK. Reported fact