Org.nr 937 665 660 2019 → 2020 Year-over-year analysis

A. WESTRE AS: årsregnskap 2020 vs 2019

Shrank 10% on revenue, weaker earnings

approved 2021-07-22; registry 2021-10-12; journal 2021 806080

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for A. WESTRE AS. Revenue 8.67m NOK → 7.78m NOK (-10.3%). Net result +303.1k NOK → +234.6k NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for A. WESTRE AS.

At a glance

Revenue

8.67m NOK 7.78m NOK

-10.3%

Operating result

+397.1k NOK +335.9k NOK

-15.4%

Net result

+303.1k NOK +234.6k NOK

-22.6%

↑
Payroll decreased

Salary cost 3.61m NOK → 3.16m NOK (42% → 41% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 8.67m NOK to 7.78m NOK (-10.3% YoY). Calculated
↓
Operating result weakened

Operating result +397.1k NOK → +335.9k NOK (op. margin 4.6% → 4.3%). Calculated
↓
Net result weakened

Net result +303.1k NOK → +234.6k NOK (net margin 3.5% → 3.0%). Calculated