FirmaIQ
Org.nr 914 307 635 2017 → 2018 Year-over-year analysis

3M NORGE AS: årsregnskap 2018 vs 2017

Shrank 8% on revenue

approved 2019-06-20; registry 2019-08-08; journal 2019 890878

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for 3M NORGE AS. Revenue 689.74m NOK → 635.78m NOK (-7.8%). Equity 268.57m NOK → 100.46m NOK.

On the constructive side: cash rose. Pressures included: revenue fell; equity eroded; payroll up without matching revenue.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for 3M NORGE AS.

At a glance

Scorecard

Revenue
689.74m NOK 635.78m NOK
-7.8%
Equity
268.57m NOK 100.46m NOK
-62.6%
Cash
29.29m NOK 40.73m NOK
+39.1%
Total assets
483.95m NOK 384.87m NOK
-20.5%

What improved

  • ↑

    Cash rose

    Bank deposits 29.29m NOK → 40.73m NOK (+39.1% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 689.74m NOK to 635.78m NOK (-7.8% YoY). Calculated

  • ↓

    Equity eroded

    Book equity 268.57m NOK → 100.46m NOK (equity ratio 55.5% → 26.1%). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 10.12bn NOK → 10.13bn NOK (1467% → 1593% of revenue). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 5.45bn NOK → 434.01m NOK (-92.0% YoY). Calculated