FirmaIQ
Org.nr 833 420 542 2019 → 2020 Year-over-year analysis

A/S Hovinveien 7 og 9: årsregnskap 2020 vs 2019

Grew 9% on revenue, returned to profit

approved 2021-06-01; registry 2021-07-07; journal 2021 541351

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for A/S Hovinveien 7 og 9. Revenue 1.57m NOK → 1.71m NOK (+8.5%). Net result -57.4k NOK → +239.4k NOK. Equity -716.8k NOK → -477.4k NOK.

On the constructive side: revenue rose; operating result improved; turned profitable.

Net constructive year on the published lines.

At a glance

Scorecard

Revenue
1.57m NOK 1.71m NOK
+8.5%
Operating result
+110.1k NOK +357.9k NOK
+225.0%
Net result
-57.4k NOK +239.4k NOK
+517.4%
Equity
-716.8k NOK -477.4k NOK
+33.4%
Cash
446.8k NOK 649.0k NOK
+45.3%
Total assets
4.13m NOK 4.03m NOK
-2.6%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 1.57m NOK to 1.71m NOK (+8.5% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +110.1k NOK → +357.9k NOK (op. margin 7.0% → 20.9%). Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 57.4k NOK to a profit of 239.4k NOK. Calculated

  • ↑

    Equity strengthened

    Book equity -716.8k NOK → -477.4k NOK (equity ratio -17.3% → -11.9%). Calculated

  • ↑

    Cash rose

    Bank deposits 446.8k NOK → 649.0k NOK (+45.3% YoY). Calculated