FirmaIQ
Org.nr 913 550 749 2019 → 2020 Year-over-year analysis

4CASTGROUP AS: årsregnskap 2020 vs 2019

Shrank 85% on revenue, weaker earnings, cash halved-plus

approved 2021-03-08; registry 2021-08-04; journal 2021 563149

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for 4CASTGROUP AS. Revenue 82.38m NOK → 12.23m NOK (-85.1%). Net result +4.79m NOK → +2.41m NOK.

Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for 4CASTGROUP AS.

At a glance

Scorecard

Revenue
82.38m NOK 12.23m NOK
-85.1%
Operating result
-3.46m NOK -6.15m NOK
-77.6%
Net result
+4.79m NOK +2.41m NOK
-49.7%
Cash
2.37m NOK 721.5k NOK
-69.5%
Total assets
45.93m NOK 43.19m NOK
-6.0%

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 82.38m NOK to 12.23m NOK (-85.1% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result -3.46m NOK → -6.15m NOK (op. margin -4.2% → -50.3%). Calculated

  • ↓

    Net result weakened

    Net result +4.79m NOK → +2.41m NOK (net margin 5.8% → 19.7%). Calculated

  • ↓

    Cash fell

    Bank deposits 2.37m NOK → 721.5k NOK (-69.5% YoY). Calculated

  • ↓

    COGS moved

    COGS / varekostnad 4.54m NOK → 8.66m NOK (+90.9% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (2.37m NOK → 721.5k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation