Goodtech Logo

Goodtech

ISIN: NO0004913609 | Ticker: GOD | LEI: 5967007LIEEXZXFGWW36
Sector: Information Technology – Sub-Industry: Application Software
Country: Norway

About Goodtech

Company Description

Goodtech is a robotics, automation and digitalization specialist. We enable smarter, greener and more sustainable industrial solutions.

As the leading system integrator in the Nordic region's with more than 300 skilled employees who, with their experience and expertise, contribute to streamlining industry - every day! Our total range of expertise lives up to the ambition to digitize industrial operations and improve our customers' competitiveness by combining our process and solution expertise with new technology.

We specialize in robotics, automation and digitalization. We adapt changes in our customers' businesses, streamline production, increase their competitiveness and profitability, and make jobs safer. Goodtech is a leader in fully automated production solutions - including robotics, automation, SCADA, Manufacturing Execution Systems (MES), automated production lines, package solutions and power distribution systems.

Year founded

1913

Served area

Worldwide

Headcount

300

Headquarters

Postboks 6578 Etterstad, 0607 Oslo – Norway

Financial statements

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Line item in (nok) 01.01.2020 01.01.2021 01.01.2022 01.01.2023
Assets N/A 505,017,000.00 517,109,000.00 547,174,000.00
Noncurrent Assets N/A 286,240,000.00 299,078,000.00 265,932,000.00
Property Plant And Equipment N/A 48,087,000.00 47,275,000.00 17,324,000.00
Investments In Subsidiaries Joint Ventures And Associates N/A N/A 0.00 2,308,000.00
Deferred Tax Assets N/A 39,727,000.00 40,014,000.00 36,294,000.00
Current Assets N/A 218,777,000.00 218,030,000.00 N/A
Inventories N/A 5,011,000.00 9,059,000.00 2,555,000.00
Current Trade Receivables N/A 61,247,000.00 84,020,000.00 73,248,000.00
Other Current Receivables N/A 6,257,000.00 10,481,000.00 10,566,000.00
Cash and cash equivalents 65,387,000.00 108,121,000.00 88,717,000.00 84,359,000.00
Current Assets Other Than Assets Or Disposal Groups Classified As Held For Sale Or As Held For Distribution To Owners N/A N/A 218,030,000.00 192,160,000.00
Noncurrent Assets Or Disposal Groups Classified As Held For Sale Or As Held For Distribution To Owners N/A N/A 0.00 89,079,000.00
Equity And Liabilities N/A 505,017,000.00 517,109,000.00 547,174,000.00
Equity 229,858,000.00 276,247,000.00 261,741,000.00 258,897,000.00
Issued Capital N/A 54,086,000.00 54,752,000.00 55,471,000.00
Treasury Shares N/A 290,000.00 444,000.00 1,802,000.00
Additional Paidin Capital N/A 424,510,000.00 428,627,000.00 431,516,000.00
Noncontrolling Interests N/A 2,591,000.00 1,522,000.00 0.00
Liabilities N/A 228,770,000.00 255,369,000.00 228,288,000.00
Noncurrent Liabilities N/A 43,200,000.00 46,232,000.00 36,044,000.00
Noncurrent Provisions N/A 0.00 2,758,000.00 548,000.00
Noncurrent Portion Of Noncurrent Loans Received N/A 1,814,000.00 6,576,000.00 0.00
Current Liabilities N/A 185,569,000.00 209,137,000.00 192,244,000.00
Current Provisions N/A 23,210,000.00 16,502,000.00 11,138,000.00
Trade And Other Current Payables N/A 79,543,000.00 106,199,000.00 104,898,000.00
Current Contract Liabilities N/A 36,610,000.00 28,533,000.00 18,222,000.00
Current Tax Liabilities Current N/A 263,000.00 0.00 0.00
Liabilities Included In Disposal Groups Classified As Held For Sale N/A N/A 0.00 59,987,000.00
Current Borrowings And Current Portion Of Noncurrent Borrowings N/A 35,284,000.00 44,351,000.00 44,422,000.00
Line item in (nok) 01.01.2020/
01.01.2021
01.01.2021/
01.01.2022
01.01.2022/
01.01.2023
Revenue From Contracts With Customers 512,761,000.00 454,990,000.00 507,838,000.00
Other Income 3,139,000.00 774,000.00 6,691,000.00
Employee Benefits Expense 232,046,000.00 250,604,000.00 287,426,000.00
Depreciation And Amortisation Expense 22,287,000.00 20,254,000.00 20,456,000.00
Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss 0.00 380,000.00 0.00
Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss 0.00 380,000.00 0.00
Other Expense By Nature 44,289,000.00 55,568,000.00 63,928,000.00
Profit Loss From Operating Activities 3,563,000.00 -8,802,000.00 1,976,000.00
Finance Income 11,649,000.00 6,563,000.00 9,666,000.00
Finance Costs 14,053,000.00 9,440,000.00 10,735,000.00
Profit Loss Before Tax 1,159,000.00 -11,679,000.00 664,000.00
Income Tax Expense Continuing Operations 3,256,000.00 -1,371,000.00 2,255,000.00
Profit Loss From Continuing Operations -2,097,000.00 -10,308,000.00 -1,591,000.00
Profit Loss From Discontinued Operations 2,000,000.00 -6,934,000.00 84,000.00
Profit (loss) -97,000.00 -17,242,000.00 -1,506,000.00
Profit Loss Attributable To Owners Of Parent 276,000.00 -16,476,000.00 -1,043,000.00
Profit Loss Attributable To Noncontrolling Interests -373,000.00 -766,000.00 -463,000.00
Line item in (nok) 01.01.2020 01.01.2021 01.01.2022 01.01.2023
Profit (loss) N/A -97,000.00 -17,242,000.00 -1,506,000.00
Adjustments For Income Tax Expense N/A 3,256,000.00 -1,371,000.00 2,255,000.00
Adjustments For Decrease Increase In Inventories N/A 206,000.00 -2,561,000.00 1,935,000.00
Adjustments For Provisions N/A -1,665,000.00 -6,708,000.00 -7,575,000.00
Adjustments For Undistributed Profits Of Associates N/A N/A 0.00 -243,000.00
Other Adjustments To Reconcile Profit Loss N/A -662,000.00 -749,000.00 -2,861,000.00
Cash Flows From Used In Operations N/A 14,269,000.00 4,895,000.00 33,199,000.00
Interest Paid Classified As Operating Activities N/A 2,450,000.00 3,338,000.00 5,549,000.00
Interest Received Classified As Operating Activities N/A 15,000.00 367,000.00 2,873,000.00
Income Taxes Paid Refund Classified As Operating Activities N/A 25,000.00 -37,000.00 0.00
Cash Flows From Used In Operating Activities N/A 11,192,000.00 1,963,000.00 30,524,000.00
Cash Flows From Losing Control Of Subsidiaries Or Other Businesses Classified As Investing Activities N/A N/A 0.00 10,011,000.00
Cash Flows Used In Obtaining Control Of Subsidiaries Or Other Businesses Classified As Investing Activities N/A 0.00 11,847,000.00 0.00
Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities N/A 0.00 150,000.00 356,000.00
Purchase Of Property Plant And Equipment Classified As Investing Activities N/A 1,308,000.00 7,197,000.00 12,977,000.00
Purchase Of Intangible Assets Classified As Investing Activities N/A 81,000.00 3,087,000.00 5,038,000.00
Cash Flows From Used In Investing Activities N/A -1,510,000.00 -21,981,000.00 -9,374,000.00
Proceeds From Changes In Ownership Interests In Subsidiaries N/A 2,000,000.00 0.00 N/A
Proceeds From Issuing Shares N/A 43,036,000.00 0.00 2,700,000.00
Payments To Acquire Or Redeem Entitys Shares N/A 0.00 3,265,000.00 4,380,000.00
Repayments Of Borrowings Classified As Financing Activities N/A 2,227,000.00 1,582,000.00 1,093,000.00
Payments Of Lease Liabilities Classified As Financing Activities N/A 12,317,000.00 13,007,000.00 14,915,000.00
Cash Flows From Used In Financing Activities N/A 31,848,000.00 -14,558,000.00 -17,509,000.00
Increase (decrease) in cash and cash equivalents before effect of exchange rate changes N/A 41,531,000.00 -34,577,000.00 3,641,000.00
Effect Of Exchange Rate Changes On Cash And Cash Equivalents N/A 1,203,000.00 -132,000.00 718,000.00
Cash and cash equivalents 65,387,000.00 108,121,000.00 88,717,000.00 84,359,000.00

Please note that some sums might not add up.

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Capital markets information

ISIN

NO0004913609

LEI

5967007LIEEXZXFGWW36

Sector

Information Technology

Industry Group

Software & Services

Industry

Software

Sub-Industry

Application Software

Listed Stock Exchange

Oslo Børs

Main Stock Exchange

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