A.L. HØYER AS: årsregnskap 2018 vs 2017
Grew 18% on revenue, weaker earnings
approved 2019-03-11; registry 2019-03-14; journal 2019 235578
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for A.L. HØYER AS. Revenue 17.65m NOK → 20.89m NOK (+18.4%). Net result +753.4k NOK → +502.3k NOK. Equity 2.86m NOK → 3.84m NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for A.L. HØYER AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 17.65m NOK to 20.89m NOK (+18.4% YoY). Calculated
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↑
Operating result improved
Operating result +1.00m NOK → +1.96m NOK (op. margin 5.7% → 9.4%). Calculated
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↑
Equity strengthened
Book equity 2.86m NOK → 3.84m NOK (equity ratio 36.8% → 45.7%). Calculated
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↑
Cash rose
Bank deposits 2.72m NOK → 3.33m NOK (+22.3% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result +753.4k NOK → +502.3k NOK (net margin 4.3% → 2.4%). Calculated
Things to notice
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·
Payroll increased
Salary cost 2 NOK → 13.19m NOK (0% → 63% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 1.79m NOK → 2.92m NOK (+63.3% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 33.3k NOK → 16.7k NOK. Reported fact