2TAL ELEKTRO AS: årsregnskap 2004 vs 2003
Grew 70% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for 2TAL ELEKTRO AS. Revenue 10.63m NOK → 18.04m NOK (+69.7%). Net result +543.1k NOK → +853.6k NOK.
On the constructive side: revenue rose; net result improved. Pressures included: operating result weakened.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for 2TAL ELEKTRO AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 10.63m NOK to 18.04m NOK (+69.7% YoY). Calculated
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↑
Net result improved
Net result +543.1k NOK → +853.6k NOK (net margin 5.1% → 4.7%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +788.3k NOK → +16.8k NOK (op. margin 7.4% → 0.1%). Calculated
Things to notice
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·
Payroll increased
Salary cost 3.86m NOK → 4.92m NOK (36% → 27% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 3.81m NOK → 6.93m NOK (+81.9% YoY). Calculated