1891 HOLDING AS: årsregnskap 2020 vs 2019
Grew 38% on revenue, weaker earnings
approved 2021-08-06; registry 2021-09-08; journal 2021 683923
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 1891 HOLDING AS. Revenue 192.0k NOK → 265.4k NOK (+38.2%). Net result +7.18m NOK → +5.25m NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: net result weakened.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for 1891 HOLDING AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 192.0k NOK to 265.4k NOK (+38.2% YoY). Calculated
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↑
Operating result improved
Operating result -1.03m NOK → -252.5k NOK (op. margin -538.4% → -95.1%). Calculated
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↑
Cash rose
Bank deposits 582.4k NOK → 29.23m NOK (+4919.1% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result +7.18m NOK → +5.25m NOK (net margin 3740.8% → 1977.7%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 101.10m NOK → 80.99m NOK (-19.9% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 24.91m NOK → 14.75m NOK. Reported fact