Org.nr 919 160 675 2023 → 2024 Year-over-year analysis

VÅR ENERGI ASA: årsregnskap 2024 vs 2023

Grew 9% on revenue, weaker earnings

approved 2025-05-12; registry 2025-06-10; journal 2025 444339

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2024 with 2023 for VÅR ENERGI ASA. Revenue 6.85bn NOK → 7.45bn NOK (+8.8%). Net result +610.23m NOK → +327.11m NOK. Equity 1.77bn NOK → 832.51m NOK.

On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: net result weakened; equity eroded.

Also worth watching: thin equity buffer; paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for VÅR ENERGI ASA.

Scorecard

Revenue
6.85bn NOK 7.45bn NOK
+8.8%
Operating result
+3.52bn NOK +3.79bn NOK
+7.8%
Net result
+610.23m NOK +327.11m NOK
-46.4%
Equity
1.77bn NOK 832.51m NOK
-52.9%
Cash
734.9k NOK 278.88m NOK
+37847.3%
Total assets
19.29bn NOK 21.87bn NOK
+13.4%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 6.85bn NOK to 7.45bn NOK (+8.8% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +3.52bn NOK → +3.79bn NOK (op. margin 51.3% → 50.9%). Calculated

  • ↑

    Cash rose

    Bank deposits 734.9k NOK → 278.88m NOK (+37847.3% YoY). Calculated

What deteriorated

  • ↓

    Net result weakened

    Net result +610.23m NOK → +327.11m NOK (net margin 8.9% → 4.4%). Calculated

  • ↓

    Equity eroded

    Book equity 1.77bn NOK → 832.51m NOK (equity ratio 9.2% → 3.8%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 3.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Paid-in equity reduced

    Paid-in equity fell 804.15m NOK → 33.05m NOK — check capital reduction, conversion, or reclassification. Interpretation

  • ·

    Book investments changed

    Investment / intangible book value 1.48m NOK → 31.46m NOK. Reported fact