A ULVESETH AS: årsregnskap 2019 vs 2018
Weaker earnings
approved 2020-05-12; registry 2020-05-28; journal 2020 373867
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for A ULVESETH AS. Revenue 3.07m NOK → 2.92m NOK (-4.8%). Net result +1.37m NOK → +341.4k NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Net tougher year on the published lines.
At a glance
Scorecard
Revenue
3.07m NOK
2.92m NOK
-4.8%
Operating result
+649.7k NOK
+571.3k NOK
-12.1%
Net result
+1.37m NOK
+341.4k NOK
-75.1%
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 3.07m NOK to 2.92m NOK (-4.8% YoY). Calculated
-
↓
Operating result weakened
Operating result +649.7k NOK → +571.3k NOK (op. margin 21.1% → 19.5%). Calculated
-
↓
Net result weakened
Net result +1.37m NOK → +341.4k NOK (net margin 44.7% → 11.7%). Calculated
-
↓
Payroll up without matching revenue
Salary cost 1.24m NOK → 1.43m NOK (40% → 49% of revenue). Calculated