ABB AS: årsregnskap 2015 vs 2014
Shrank 17% on revenue, stronger earnings
approved 2016-04-11; registry 2016-05-31; journal 2016 457117
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for ABB AS. Revenue 11.21bn NOK → 9.28bn NOK (-17.2%). Net result +649.6k NOK → +564.36m NOK. Equity 1.84bn NOK → 1.76bn NOK.
On the constructive side: operating result improved; net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ABB AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +17.9k NOK → +811.9k NOK (op. margin 0.0% → 0.0%). Calculated
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↑
Net result improved
Net result +649.6k NOK → +564.36m NOK (net margin 0.0% → 6.1%). Calculated
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↑
Payroll decreased
Salary cost 2.61bn NOK → 2.22bn NOK (23% → 24% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 11.21bn NOK to 9.28bn NOK (-17.2% YoY). Calculated
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↓
Equity eroded
Book equity 1.84bn NOK → 1.76bn NOK (equity ratio 24.1% → 23.3%). Calculated
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↓
Cash fell
Bank deposits 50.36m NOK → 33.14m NOK (-34.2% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 5.83bn NOK → 4.38bn NOK (-24.9% YoY). Calculated