FirmaIQ
Org.nr 946 995 517 2019 → 2020 Year-over-year analysis

A/S Even Cudrio: årsregnskap 2020 vs 2019

Shrank 18% on revenue, slipped into loss

approved 2021-09-13; registry 2021-09-30; journal 2021 758444

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for A/S Even Cudrio. Revenue 19.01m NOK → 15.50m NOK (-18.5%). Net result +7.42m NOK → -1.23m NOK. Equity 4.35m NOK → 3.12m NOK.

On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; fell into a net loss.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for A/S Even Cudrio.

At a glance

Scorecard

Revenue
19.01m NOK 15.50m NOK
-18.5%
Operating result
+581.0k NOK -1.53m NOK
-363.9%
Net result
+7.42m NOK -1.23m NOK
-116.6%
Equity
4.35m NOK 3.12m NOK
-28.3%
Cash
109.9k NOK 1.50m NOK
+1269.0%
Total assets
9.62m NOK 8.48m NOK
-11.9%

What improved

  • ↑

    Cash rose

    Bank deposits 109.9k NOK → 1.50m NOK (+1269.0% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 19.01m NOK to 15.50m NOK (-18.5% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +581.0k NOK → -1.53m NOK (op. margin 3.1% → -9.9%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 7.42m NOK profit to a loss of 1.23m NOK. Calculated

  • ↓

    Equity eroded

    Book equity 4.35m NOK → 3.12m NOK (equity ratio 45.2% → 36.8%). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 6.17m NOK → 5.86m NOK (-5.1% YoY). Calculated