FirmaIQ
Org.nr 878 703 812 2019 → 2020 Year-over-year analysis

3 STEP IT AS: årsregnskap 2020 vs 2019

Stronger earnings

approved 2021-03-24; registry 2021-05-10; journal 2021 220912

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for 3 STEP IT AS. Revenue 2.56bn NOK → 2.66bn NOK (+3.6%). Net result +12.10m NOK → +23.82m NOK. Equity 13.56m NOK → 13.56m NOK.

On the constructive side: revenue rose; operating result improved; net result improved.

Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for 3 STEP IT AS.

At a glance

Scorecard

Revenue
2.56bn NOK 2.66bn NOK
+3.6%
Operating result
+15.79m NOK +29.90m NOK
+89.4%
Net result
+12.10m NOK +23.82m NOK
+96.9%
Equity
13.56m NOK 13.56m NOK
0.0%
Cash
8.10m NOK 96.77m NOK
+1094.7%
Total assets
99.75m NOK 165.68m NOK
+66.1%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 2.56bn NOK to 2.66bn NOK (+3.6% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +15.79m NOK → +29.90m NOK (op. margin 0.6% → 1.1%). Calculated

  • ↑

    Net result improved

    Net result +12.10m NOK → +23.82m NOK (net margin 0.5% → 0.9%). Calculated

  • ↑

    Cash rose

    Bank deposits 8.10m NOK → 96.77m NOK (+1094.7% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 8.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Payroll increased

    Salary cost 26.21m NOK → 31.89m NOK (1% → 1% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 504.72m NOK → 575.26m NOK (+14.0% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 71.6k NOK → 1.10m NOK. Reported fact