A. WESTRE AS: årsregnskap 2019 vs 2018
Stronger earnings
approved 2020-08-18; registry 2020-08-26; journal 2020 697258
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for A. WESTRE AS. Revenue 8.81m NOK → 8.67m NOK (-1.6%). Net result +251.9k NOK → +303.1k NOK.
On the constructive side: net result improved. Pressures included: revenue fell; payroll up without matching revenue.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for A. WESTRE AS.
At a glance
Scorecard
Revenue
8.81m NOK
8.67m NOK
-1.6%
Operating result
n/m
+397.1k NOK
—
Net result
+251.9k NOK
+303.1k NOK
+20.3%
What improved
-
↑
Net result improved
Net result +251.9k NOK → +303.1k NOK (net margin 2.9% → 3.5%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 8.81m NOK to 8.67m NOK (-1.6% YoY). Calculated
-
↓
Payroll up without matching revenue
Salary cost 3.18m NOK → 3.61m NOK (36% → 42% of revenue). Calculated
Things to notice
-
·
COGS fell
COGS / varekostnad 3.04m NOK → 2.80m NOK (-8.0% YoY). Calculated