FirmaIQ
Org.nr 991 711 392 2020 → 2021 Year-over-year analysis

4SUBSEA AS: årsregnskap 2021 vs 2020

Grew 12% on revenue, weaker earnings

approved 2022-06-14; registry 2022-07-25; journal 2022 690400

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for 4SUBSEA AS. Revenue 152.38m NOK → 171.20m NOK (+12.3%). Net result +15.38m NOK → +9.89m NOK. Equity 81.34m NOK → 91.23m NOK.

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

Also worth watching: cogs fell. All figures are taken from the published annual accounts for 4SUBSEA AS.

At a glance

Scorecard

Revenue
152.38m NOK 171.20m NOK
+12.3%
Operating result
+17.72m NOK +12.03m NOK
-32.1%
Net result
+15.38m NOK +9.89m NOK
-35.7%
Equity
81.34m NOK 91.23m NOK
+12.2%
Cash
28.60m NOK 22.44m NOK
-21.5%
Total assets
125.90m NOK 138.25m NOK
+9.8%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 152.38m NOK to 171.20m NOK (+12.3% YoY). Calculated

  • ↑

    Equity strengthened

    Book equity 81.34m NOK → 91.23m NOK (equity ratio 64.6% → 66.0%). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +17.72m NOK → +12.03m NOK (op. margin 11.6% → 7.0%). Calculated

  • ↓

    Net result weakened

    Net result +15.38m NOK → +9.89m NOK (net margin 10.1% → 5.8%). Calculated

  • ↓

    Cash fell

    Bank deposits 28.60m NOK → 22.44m NOK (-21.5% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 31.63m NOK → 31.41m NOK (-0.7% YoY). Calculated