Org.nr 916 677 391 2018 → 2019 Year-over-year analysis

2 MARINE AS: årsregnskap 2019 vs 2018

Shrank 19% on revenue, weaker earnings

approved 2020-08-13; registry 2020-08-18; journal 2020 678118

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for 2 MARINE AS. Revenue 25.72m NOK → 20.85m NOK (-18.9%). Net result +1.89m NOK → +1.17m NOK.

Pressures included: revenue fell; net result weakened; cash fell.

Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for 2 MARINE AS.

At a glance

Revenue

25.72m NOK 20.85m NOK

-18.9%

Operating result

n/m +1.26m NOK

—

Net result

+1.89m NOK +1.17m NOK

-37.9%

Cash

1.36m NOK 693.2k NOK

-49.2%

Total assets

14.85m NOK 18.74m NOK

+26.2%

↓
Revenue fell

Operating income / revenue moved from 25.72m NOK to 20.85m NOK (-18.9% YoY). Calculated
↓
Net result weakened

Net result +1.89m NOK → +1.17m NOK (net margin 7.4% → 5.6%). Calculated
↓
Cash fell

Bank deposits 1.36m NOK → 693.2k NOK (-49.2% YoY). Calculated

·
COGS fell

COGS / varekostnad 13.61m NOK → 9.23m NOK (-32.2% YoY). Calculated
·
Book investments changed

Investment / intangible book value 6.41m NOK → 8.53m NOK. Reported fact