2M&CO AS: årsregnskap 2020 vs 2019
Shrank 31% on revenue, returned to profit
registry 2021-04-12; journal 2021 186396
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 2M&CO AS. Revenue 608.2k NOK → 420.7k NOK (-30.8%). Net result -106.8k NOK → +71.5k NOK. Equity 1.62m NOK → 1.69m NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for 2M&CO AS.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result -76.7k NOK → +133.5k NOK (op. margin -12.6% → 31.7%). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 106.8k NOK to a profit of 71.5k NOK. Calculated
-
↑
Equity strengthened
Book equity 1.62m NOK → 1.69m NOK (equity ratio 57.1% → 60.5%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 608.2k NOK to 420.7k NOK (-30.8% YoY). Calculated
Things to notice
-
·
COGS fell
COGS / varekostnad 201.0k NOK → 92.0k NOK (-54.2% YoY). Calculated