FirmaIQ
Org.nr 948 234 130 2018 → 2019 Year-over-year analysis

A.L. HØYER AS: årsregnskap 2019 vs 2018

Stronger earnings

approved 2020-06-04; registry 2020-06-15; journal 2020 437077

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for A.L. HØYER AS. Revenue 20.89m NOK → 20.12m NOK (-3.7%). Net result +502.3k NOK → +1.38m NOK. Equity 3.84m NOK → 1.52m NOK.

On the constructive side: net result improved; payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.

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

At a glance

Scorecard

Revenue
20.89m NOK 20.12m NOK
-3.7%
Operating result
+1.96m NOK +1.76m NOK
-9.8%
Net result
+502.3k NOK +1.38m NOK
+174.7%
Equity
3.84m NOK 1.52m NOK
-60.4%
Cash
3.33m NOK 3.27m NOK
-1.6%
Total assets
8.42m NOK 7.62m NOK
-9.4%

What improved

  • ↑

    Net result improved

    Net result +502.3k NOK → +1.38m NOK (net margin 2.4% → 6.9%). Calculated

  • ↑

    Payroll decreased

    Salary cost 13.19m NOK → 2 NOK (63% → 0% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 20.89m NOK to 20.12m NOK (-3.7% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +1.96m NOK → +1.76m NOK (op. margin 9.4% → 8.8%). Calculated

  • ↓

    Equity eroded

    Book equity 3.84m NOK → 1.52m NOK (equity ratio 45.7% → 20.0%). Calculated

  • ↓

    Cash fell

    Bank deposits 3.33m NOK → 3.27m NOK (-1.6% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 2.92m NOK → 2.09m NOK (-28.6% YoY). Calculated