3B-FIBREGLASS NORWAY AS: årsregnskap 2008 vs 2007
Grew 30% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for 3B-FIBREGLASS NORWAY AS. Revenue 230.5k NOK → 300.3k NOK (+30.3%). Net result -53.7k NOK → -34.6k NOK. Equity 36.1k NOK → 212.2k NOK.
On the constructive side: revenue rose; operating result improved; net result improved.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for 3B-FIBREGLASS NORWAY AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 230.5k NOK to 300.3k NOK (+30.3% YoY). Calculated
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Operating result improved
Operating result -46.0k NOK → -30.6k NOK (op. margin -19.9% → -10.2%). Calculated
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Net result improved
Net result -53.7k NOK → -34.6k NOK (net margin -23.3% → -11.5%). Calculated
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Equity strengthened
Book equity 36.1k NOK → 212.2k NOK (equity ratio 12.0% → 70.3%). Calculated
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Current ratio back above 1×
Current ratio 0.35× → 1.33×. Calculated
Things to notice
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COGS moved
COGS / varekostnad 58.8k NOK → 76.9k NOK (+30.8% YoY). Calculated