4 STORE AS: årsregnskap 2019 vs 2018
Grew 9% on revenue, weaker earnings
approved 2020-06-10; registry 2020-06-22; journal 2020 464636
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 4 STORE AS. Revenue 12.70m NOK → 13.81m NOK (+8.7%). Net result +376.7k NOK → +144.3k NOK. Equity 2.05m NOK → 2.19m NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for 4 STORE AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 12.70m NOK to 13.81m NOK (+8.7% YoY). Calculated
-
↑
Operating result improved
Operating result +91.6k NOK → +177.2k NOK (op. margin 0.7% → 1.3%). Calculated
-
↑
Equity strengthened
Book equity 2.05m NOK → 2.19m NOK (equity ratio 52.2% → 51.1%). Calculated
-
↑
Cash rose
Bank deposits 3.20m NOK → 3.61m NOK (+12.8% YoY). Calculated
What deteriorated
-
↓
Net result weakened
Net result +376.7k NOK → +144.3k NOK (net margin 3.0% → 1.0%). Calculated
Things to notice
-
·
Payroll increased
Salary cost 5.78m NOK → 6.70m NOK (46% → 49% of revenue). Calculated
-
·
COGS fell
COGS / varekostnad 3.95m NOK → 3.92m NOK (-0.8% YoY). Calculated