3H HOLDING AS: årsregnskap 2020 vs 2019
Shrank 27% on revenue, stronger earnings
registry 2021-08-24; journal 2021 641673
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 3H HOLDING AS. Revenue 703.4k NOK → 510.0k NOK (-27.5%). Net result +2 795 NOK → +966.6k NOK. Equity 12.46m NOK → 13.17m NOK.
On the constructive side: net result improved; equity strengthened. Pressures included: revenue fell; operating result weakened; cash fell.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for 3H HOLDING AS.
At a glance
Scorecard
What improved
-
↑
Net result improved
Net result +2 795 NOK → +966.6k NOK (net margin 0.4% → 189.5%). Calculated
-
↑
Equity strengthened
Book equity 12.46m NOK → 13.17m NOK (equity ratio 69.8% → 84.2%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 703.4k NOK to 510.0k NOK (-27.5% YoY). Calculated
-
↓
Operating result weakened
Operating result +410.7k NOK → +141.4k NOK (op. margin 58.4% → 27.7%). Calculated
-
↓
Cash fell
Bank deposits 167.2k NOK → 122.8k NOK (-26.5% YoY). Calculated
Things to notice
-
·
Book investments changed
Investment / intangible book value 5.29m NOK → 635.7k NOK. Reported fact