ULSTEIN GROUP ASA: årsregnskap 2022 vs 2021
Grew 117% on revenue, slipped into loss
approved 2023-05-31; registry 2023-07-26; journal 2023 610127
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ULSTEIN GROUP ASA. Revenue 1.21bn NOK → 2.63bn NOK (+116.9%). Net result +15.35m NOK → -21.75m NOK.
On the constructive side: revenue rose; operating result improved. Pressures included: fell into a net loss.
Also worth watching: payroll increased; cogs fell; book investments changed. All figures are taken from the published annual accounts for ULSTEIN GROUP ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.21bn NOK to 2.63bn NOK (+116.9% YoY). Calculated
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↑
Operating result improved
Operating result -9.03m NOK → -6.64m NOK (op. margin -0.7% → -0.3%). Calculated
What deteriorated
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↓
Fell into a net loss
Net result flipped from 15.35m NOK profit to a loss of 21.75m NOK. Calculated
Things to notice
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·
Payroll increased
Salary cost 12 NOK → 4.28m NOK (0% → 0% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 656.19m NOK → 257.67m NOK (-60.7% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 470.5k NOK → 440.55m NOK. Reported fact