ULSTEIN GROUP ASA: årsregnskap 2023 vs 2022
Shrank 100% on revenue, returned to profit
approved 2024-05-30; registry 2024-08-10; journal 2024 645829
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ULSTEIN GROUP ASA. Revenue 2.63bn NOK → 2 NOK (-100.0%). Net result -21.75m NOK → +29.34m NOK.
On the constructive side: turned profitable. Pressures included: revenue fell; operating result weakened; payroll up without matching revenue.
Also worth watching: 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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↑
Turned profitable
Net result flipped from a loss of 21.75m NOK to a profit of 29.34m NOK. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.63bn NOK to 2 NOK (-100.0% YoY). Calculated
-
↓
Operating result weakened
Operating result -6.64m NOK → -7.94m NOK (op. margin -0.3% → -397000000.0%). Calculated
-
↓
Payroll up without matching revenue
Salary cost 4.28m NOK → 4.33m NOK (0% → 216447400% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 257.67m NOK → 899.4k NOK (-99.7% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 440.55m NOK → 486.7k NOK. Reported fact