360 NORD AS: årsregnskap 2019 vs 2018
Grew 12% on revenue, weaker earnings, cash halved-plus
approved 2020-07-03; registry 2020-07-18; journal 2020 606591
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 360 NORD AS. Revenue 507.9k NOK → 569.5k NOK (+12.1%). Net result +81.2k NOK → +16.5k NOK. Equity 37.2k NOK → 53.7k NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened; cash fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for 360 NORD AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 507.9k NOK to 569.5k NOK (+12.1% YoY). Calculated
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↑
Operating result improved
Operating result -95.3k NOK → +22.5k NOK (op. margin -18.8% → 3.9%). Calculated
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↑
Equity strengthened
Book equity 37.2k NOK → 53.7k NOK (equity ratio 15.5% → 24.9%). Calculated
What deteriorated
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↓
Net result weakened
Net result +81.2k NOK → +16.5k NOK (net margin 16.0% → 2.9%). Calculated
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↓
Cash fell
Bank deposits 42.4k NOK → 2 739 NOK (-93.5% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 293.1k NOK → 261.9k NOK (-10.7% YoY). Calculated