AB ØKONOMI AS: årsregnskap 2019 vs 2018
Grew 13% on revenue, stronger earnings
approved 2020-01-31; registry 2020-02-06; journal 2020 207031
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AB ØKONOMI AS. Revenue 7.50m NOK → 8.50m NOK (+13.4%). Net result +428.4k NOK → +783.0k NOK. Equity 293.7k NOK → 326.7k NOK.
On the constructive side: revenue rose; net result improved; equity strengthened.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for AB ØKONOMI AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 7.50m NOK to 8.50m NOK (+13.4% YoY). Calculated
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↑
Net result improved
Net result +428.4k NOK → +783.0k NOK (net margin 5.7% → 9.2%). Calculated
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↑
Equity strengthened
Book equity 293.7k NOK → 326.7k NOK (equity ratio 16.1% → 13.6%). Calculated
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Cash rose
Bank deposits 1.05m NOK → 1.36m NOK (+29.4% YoY). Calculated
Things to notice
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Payroll increased
Salary cost 4.43m NOK → 5.31m NOK (59% → 62% of revenue). Calculated
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COGS fell
COGS / varekostnad 457.0k NOK → 219.8k NOK (-51.9% YoY). Calculated