FirmaIQ
Org.nr 914 307 635 2020 → 2021 Year-over-year analysis

3M NORGE AS: årsregnskap 2021 vs 2020

Grew 14% on revenue, weaker earnings

approved 2022-05-18; registry 2022-06-20; journal 2022 460117

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for 3M NORGE AS. Revenue 741.52m NOK → 842.93m NOK (+13.7%). Net result +26.47m NOK → +19.26m NOK. Equity 82.46m NOK → 99.88m NOK.

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

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

At a glance

Scorecard

Revenue
741.52m NOK 842.93m NOK
+13.7%
Operating result
+33.16m NOK +24.66m NOK
-25.6%
Net result
+26.47m NOK +19.26m NOK
-27.2%
Equity
82.46m NOK 99.88m NOK
+21.1%
Cash
36.39m NOK 36.57m NOK
+0.5%
Total assets
347.53m NOK 361.05m NOK
+3.9%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 741.52m NOK to 842.93m NOK (+13.7% YoY). Calculated

  • ↑

    Equity strengthened

    Book equity 82.46m NOK → 99.88m NOK (equity ratio 23.7% → 27.7%). Calculated

  • ↑

    Cash rose

    Bank deposits 36.39m NOK → 36.57m NOK (+0.5% YoY). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +33.16m NOK → +24.66m NOK (op. margin 4.5% → 2.9%). Calculated

  • ↓

    Net result weakened

    Net result +26.47m NOK → +19.26m NOK (net margin 3.6% → 2.3%). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 7.57bn NOK → 3.69bn NOK (-51.3% YoY). Calculated