FirmaIQ
Org.nr 988 899 194 2018 → 2019 Year-over-year analysis

3H HOLDING AS: årsregnskap 2019 vs 2018

Grew 145% on revenue, weaker earnings

approved 2020-06-30; registry 2020-09-03; journal 2020 729496

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for 3H HOLDING AS. Revenue 286.9k NOK → 703.4k NOK (+145.2%). Net result +27.1k NOK → +2 795 NOK. Equity 11.91m NOK → 12.46m NOK.

On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for 3H HOLDING AS.

At a glance

Scorecard

Revenue
286.9k NOK 703.4k NOK
+145.2%
Operating result
+36.6k NOK +410.7k NOK
+1021.4%
Net result
+27.1k NOK +2 795 NOK
-89.7%
Equity
11.91m NOK 12.46m NOK
+4.6%
Cash
57.8k NOK 167.2k NOK
+189.5%
Total assets
14.67m NOK 17.85m NOK
+21.7%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 286.9k NOK to 703.4k NOK (+145.2% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +36.6k NOK → +410.7k NOK (op. margin 12.8% → 58.4%). Calculated

  • ↑

    Equity strengthened

    Book equity 11.91m NOK → 12.46m NOK (equity ratio 81.2% → 69.8%). Calculated

  • ↑

    Cash rose

    Bank deposits 57.8k NOK → 167.2k NOK (+189.5% YoY). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.89× → 1.48×. Calculated

What deteriorated

  • ↓

    Net result weakened

    Net result +27.1k NOK → +2 795 NOK (net margin 9.5% → 0.4%). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 2.79m NOK → 5.29m NOK. Reported fact