FirmaIQ
Org.nr 985 834 997 2018 → 2019 Year-over-year analysis

A. F. WIGEN AS: årsregnskap 2019 vs 2018

Shrank 10% on revenue, weaker earnings

approved 2019-12-31; registry 2020-09-19; journal 2020 831786

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for A. F. WIGEN AS. Revenue 11.22m NOK → 10.14m NOK (-9.7%). Net result +1.41m NOK → +528.0k NOK. Equity 25.01m NOK → 25.52m NOK.

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

Also worth watching: cogs fell. All figures are taken from the published annual accounts for A. F. WIGEN AS.

At a glance

Scorecard

Revenue
11.22m NOK 10.14m NOK
-9.7%
Operating result
+1.74m NOK +576.9k NOK
-66.8%
Net result
+1.41m NOK +528.0k NOK
-62.6%
Equity
25.01m NOK 25.52m NOK
+2.0%
Cash
21.21m NOK 21.14m NOK
-0.3%
Total assets
33.75m NOK 33.74m NOK
-0.0%

What improved

  • ↑

    Equity strengthened

    Book equity 25.01m NOK → 25.52m NOK (equity ratio 74.1% → 75.6%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 11.22m NOK to 10.14m NOK (-9.7% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +1.74m NOK → +576.9k NOK (op. margin 15.5% → 5.7%). Calculated

  • ↓

    Net result weakened

    Net result +1.41m NOK → +528.0k NOK (net margin 12.6% → 5.2%). Calculated

  • ↓

    Cash fell

    Bank deposits 21.21m NOK → 21.14m NOK (-0.3% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 5.23m NOK → 4.75m NOK (-9.2% YoY). Calculated