FirmaIQ
Org.nr 916 591 144 2019 → 2020 Year-over-year analysis

A/S SØRENSEN OG BALCHEN: årsregnskap 2020 vs 2019

Grew 13% on revenue, stronger earnings

approved 2021-04-08; registry 2021-07-31; journal 2021 551509

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for A/S SØRENSEN OG BALCHEN. Revenue 469.16m NOK → 529.71m NOK (+12.9%). Net result +92.47m NOK → +124.10m NOK. Equity 294.79m NOK → 303.46m NOK.

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

Also worth watching: cogs moved. All figures are taken from the published annual accounts for A/S SØRENSEN OG BALCHEN.

At a glance

Scorecard

Revenue
469.16m NOK 529.71m NOK
+12.9%
Operating result
+105.81m NOK +126.23m NOK
+19.3%
Net result
+92.47m NOK +124.10m NOK
+34.2%
Equity
294.79m NOK 303.46m NOK
+2.9%
Cash
2.71m NOK 2.73m NOK
+0.5%
Total assets
471.72m NOK 513.29m NOK
+8.8%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 469.16m NOK to 529.71m NOK (+12.9% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +105.81m NOK → +126.23m NOK (op. margin 22.6% → 23.8%). Calculated

  • ↑

    Net result improved

    Net result +92.47m NOK → +124.10m NOK (net margin 19.7% → 23.4%). Calculated

  • ↑

    Equity strengthened

    Book equity 294.79m NOK → 303.46m NOK (equity ratio 62.5% → 59.1%). Calculated

  • ↑

    Cash rose

    Bank deposits 2.71m NOK → 2.73m NOK (+0.5% YoY). Calculated

Things to notice

  • ·

    COGS moved

    COGS / varekostnad 245.80m NOK → 281.77m NOK (+14.6% YoY). Calculated