Org.nr 982 085 160 2008 → 2009 Year-over-year analysis

ABB AS: årsregnskap 2009 vs 2008

Weaker earnings

Summary

What changed

Comparing Årsregnskap 2009 with 2008 for ABB AS. Revenue 8.58bn NOK → 8.40bn NOK (-2.1%). Net result +691.97m NOK → +315.02m NOK.

On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for ABB AS.

At a glance

Revenue

8.58bn NOK 8.40bn NOK

-2.1%

Operating result

+912.29m NOK +496.96m NOK

-45.5%

Net result

+691.97m NOK +315.02m NOK

-54.5%

Cash

2.40m NOK 15.09m NOK

+528.9%

Total assets

505.76m NOK 6.22bn NOK

+1129.1%

↓
Revenue fell

Operating income / revenue moved from 8.58bn NOK to 8.40bn NOK (-2.1% YoY). Calculated
↓
Operating result weakened

Operating result +912.29m NOK → +496.96m NOK (op. margin 10.6% → 5.9%). Calculated
↓
Net result weakened

Net result +691.97m NOK → +315.02m NOK (net margin 8.1% → 3.7%). Calculated
↓
Payroll up without matching revenue

Salary cost 1.29bn NOK → 1.30bn NOK (15% → 15% of revenue). Calculated

·
Paid-in equity reduced

Paid-in equity fell 531.33m NOK → 531.3k NOK — check capital reduction, conversion, or reclassification. Interpretation
·
Book investments changed

Investment / intangible book value 184.14m NOK → 182.20m NOK. Reported fact