FirmaIQ
Org.nr 985 834 997 2019 → 2020 Year-over-year analysis

A. F. WIGEN AS: årsregnskap 2020 vs 2019

Grew 13% on revenue, stronger earnings

approved 2020-12-31; registry 2021-09-21; journal 2021 725810

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for A. F. WIGEN AS. Revenue 10.14m NOK → 11.49m NOK (+13.3%). Net result +528.0k NOK → +891.8k NOK. Equity 25.52m NOK → 26.40m NOK.

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

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

At a glance

Scorecard

Revenue
10.14m NOK 11.49m NOK
+13.3%
Operating result
+576.9k NOK +47.6k NOK
-91.8%
Net result
+528.0k NOK +891.8k NOK
+68.9%
Equity
25.52m NOK 26.40m NOK
+3.4%
Cash
21.14m NOK 21.72m NOK
+2.7%
Total assets
33.74m NOK 34.23m NOK
+1.5%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 10.14m NOK to 11.49m NOK (+13.3% YoY). Calculated

  • ↑

    Net result improved

    Net result +528.0k NOK → +891.8k NOK (net margin 5.2% → 7.8%). Calculated

  • ↑

    Equity strengthened

    Book equity 25.52m NOK → 26.40m NOK (equity ratio 75.6% → 77.1%). Calculated

  • ↑

    Cash rose

    Bank deposits 21.14m NOK → 21.72m NOK (+2.7% YoY). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +576.9k NOK → +47.6k NOK (op. margin 5.7% → 0.4%). Calculated

Things to notice

  • ·

    COGS moved

    COGS / varekostnad 4.75m NOK → 5.56m NOK (+17.0% YoY). Calculated