FirmaIQ
Org.nr 982 085 160 2019 → 2020 Year-over-year analysis

ABB AS: årsregnskap 2020 vs 2019

Shrank 9% on revenue, weaker earnings

approved 2021-03-25; registry 2021-08-05; journal 2021 581596

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ABB AS. Revenue 4.91bn NOK → 4.45bn NOK (-9.5%). Net result +134.47m NOK → +34.84m NOK. Equity 587.54m NOK → 654.5k NOK.

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

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABB AS.

At a glance

Scorecard

Revenue
4.91bn NOK 4.45bn NOK
-9.5%
Operating result
+195.4k NOK +66.25m NOK
+33812.4%
Net result
+134.47m NOK +34.84m NOK
-74.1%
Equity
587.54m NOK 654.5k NOK
-99.9%
Cash
6.41m NOK 22.70m NOK
+253.9%
Total assets
3.60bn NOK 3.25bn NOK
-9.6%

What improved

  • ↑

    Operating result improved

    Operating result +195.4k NOK → +66.25m NOK (op. margin 0.0% → 1.5%). Calculated

  • ↑

    Cash rose

    Bank deposits 6.41m NOK → 22.70m NOK (+253.9% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 4.91bn NOK to 4.45bn NOK (-9.5% YoY). Calculated

  • ↓

    Net result weakened

    Net result +134.47m NOK → +34.84m NOK (net margin 2.7% → 0.8%). Calculated

  • ↓

    Equity eroded

    Book equity 587.54m NOK → 654.5k NOK (equity ratio 16.3% → 0.0%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation