Org.nr 961 109 337 2016 → 2017 Year-over-year analysis

A GULLAKSEN & SØNNER AS: årsregnskap 2017 vs 2016

Shrank 18% on revenue, weaker earnings

approved 2018-07-26; registry 2018-08-04; journal 2018 855671

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for A GULLAKSEN & SØNNER AS. Revenue 39.83m NOK → 32.51m NOK (-18.4%). Net result +11.81m NOK → +5.64m NOK.

On the constructive side: payroll decreased. 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 GULLAKSEN & SØNNER AS.

At a glance

Revenue

39.83m NOK 32.51m NOK

-18.4%

Operating result

+15.02m NOK +6.72m NOK

-55.3%

Net result

+11.81m NOK +5.64m NOK

-52.3%

↑
Payroll decreased

Salary cost 10.26m NOK → 8.48m NOK (26% → 26% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 39.83m NOK to 32.51m NOK (-18.4% YoY). Calculated
↓
Operating result weakened

Operating result +15.02m NOK → +6.72m NOK (op. margin 37.7% → 20.7%). Calculated
↓
Net result weakened

Net result +11.81m NOK → +5.64m NOK (net margin 29.7% → 17.3%). Calculated