FirmaIQ
Org.nr 917 719 993 2019 → 2020 Year-over-year analysis

4SERVICE EIR RENHOLD AS: årsregnskap 2020 vs 2019

Grew 28% on revenue, stronger earnings

registry 2021-10-20; journal 2021 839700

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for 4SERVICE EIR RENHOLD AS. Revenue 454.21m NOK → 579.26m NOK (+27.5%). Net result +32.79m NOK → +50.96m NOK. Equity 35.68m NOK → 36.17m NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.

Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for 4SERVICE EIR RENHOLD AS.

At a glance

Scorecard

Revenue
454.21m NOK 579.26m NOK
+27.5%
Operating result
+41.00m NOK +64.90m NOK
+58.3%
Net result
+32.79m NOK +50.96m NOK
+55.4%
Equity
35.68m NOK 36.17m NOK
+1.4%
Cash
5 085 NOK 3 323 NOK
-34.7%
Total assets
226.58m NOK 284.62m NOK
+25.6%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 454.21m NOK to 579.26m NOK (+27.5% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +41.00m NOK → +64.90m NOK (op. margin 9.0% → 11.2%). Calculated

  • ↑

    Net result improved

    Net result +32.79m NOK → +50.96m NOK (net margin 7.2% → 8.8%). Calculated

  • ↑

    Equity strengthened

    Book equity 35.68m NOK → 36.17m NOK (equity ratio 15.7% → 12.7%). Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 5 085 NOK → 3 323 NOK (-34.7% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 3.34bn NOK → 3.42bn NOK (735% → 590% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 35.52m NOK → 49.59m NOK (+39.6% YoY). Calculated