2TAL ELEKTRO AS: årsregnskap 2020 vs 2019
Grew 5% on revenue, weaker earnings
approved 2021-04-20; registry 2021-06-02; journal 2021 252648
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 2TAL ELEKTRO AS. Revenue 21.72m NOK → 22.89m NOK (+5.4%). Net result +2.52m NOK → +1.48m NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net 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
-
↑
Revenue rose
Operating income / revenue moved from 21.72m NOK to 22.89m NOK (+5.4% YoY). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result +3.19m NOK → +1.89m NOK (op. margin 14.7% → 8.3%). Calculated
-
↓
Net result weakened
Net result +2.52m NOK → +1.48m NOK (net margin 11.6% → 6.5%). Calculated
Things to notice
-
·
Payroll increased
Salary cost 7.34m NOK → 7.84m NOK (34% → 34% of revenue). Calculated
-
·
COGS moved
COGS / varekostnad 8.81m NOK → 10.41m NOK (+18.2% YoY). Calculated