A. WESTRE AS: årsregnskap 2018 vs 2017
Shrank 19% on revenue, weaker earnings
approved 2019-06-30; registry 2019-07-31; journal 2019 830159
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for A. WESTRE AS. Revenue 10.84m NOK → 8.81m NOK (-18.7%). Net result +435.5k NOK → +251.9k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for A. WESTRE AS.
At a glance
Scorecard
Revenue
10.84m NOK
8.81m NOK
-18.7%
Net result
+435.5k NOK
+251.9k NOK
-42.2%
What improved
-
↑
Payroll decreased
Salary cost 3.63m NOK → 3.18m NOK (34% → 36% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 10.84m NOK to 8.81m NOK (-18.7% YoY). Calculated
-
↓
Net result weakened
Net result +435.5k NOK → +251.9k NOK (net margin 4.0% → 2.9%). Calculated
Things to notice
-
·
COGS fell
COGS / varekostnad 4.00m NOK → 3.04m NOK (-24.0% YoY). Calculated