FirmaIQ
Org.nr 915 629 504 2019 → 2020 Year-over-year analysis

3MW INTEGRITY AS: årsregnskap 2020 vs 2019

Grew 14% on revenue, stronger earnings

approved 2021-05-07; registry 2021-06-12; journal 2021 291202

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for 3MW INTEGRITY AS. Revenue 10.84m NOK → 12.37m NOK (+14.1%). Net result +2.76m NOK → +3.62m NOK. Equity 1.00m NOK → 1.00m NOK.

On the constructive side: revenue rose; operating result improved; net result improved.

Also worth watching: payroll increased. All figures are taken from the published annual accounts for 3MW INTEGRITY AS.

At a glance

Scorecard

Revenue
10.84m NOK 12.37m NOK
+14.1%
Operating result
+3.40m NOK +4.62m NOK
+36.1%
Net result
+2.76m NOK +3.62m NOK
+31.1%
Equity
1.00m NOK 1.00m NOK
+0.0%
Cash
499.8k NOK 542.2k NOK
+8.5%
Total assets
6.31m NOK 7.66m NOK
+21.4%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 10.84m NOK to 12.37m NOK (+14.1% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +3.40m NOK → +4.62m NOK (op. margin 31.3% → 37.4%). Calculated

  • ↑

    Net result improved

    Net result +2.76m NOK → +3.62m NOK (net margin 25.5% → 29.3%). Calculated

  • ↑

    Cash rose

    Bank deposits 499.8k NOK → 542.2k NOK (+8.5% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 6.00m NOK → 6.24m NOK (55% → 50% of revenue). Calculated