ABB HOLDING AS: årsregnskap 2019 vs 2018
Shrank 22% on revenue, weaker earnings, cash halved-plus
approved 2020-04-22; registry 2020-06-10; journal 2020 392478
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ABB HOLDING AS. Revenue 8.62bn NOK → 6.69bn NOK (-22.4%). Net result +292.07m NOK → +1.36m NOK. Equity 610.86m NOK → 544.76m NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ABB HOLDING AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 8.62bn NOK to 6.69bn NOK (-22.4% YoY). Calculated
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Operating result weakened
Operating result -68.70m NOK → -240.04m NOK (op. margin -0.8% → -3.6%). Calculated
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Net result weakened
Net result +292.07m NOK → +1.36m NOK (net margin 3.4% → 0.0%). Calculated
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Equity eroded
Book equity 610.86m NOK → 544.76m NOK (equity ratio 16.4% → 15.9%). Calculated
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Cash fell
Bank deposits 75.67m NOK → 32.39m NOK (-57.2% YoY). Calculated
Things to notice
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Book investments changed
Investment / intangible book value 409.0k NOK → 867.63m NOK. Reported fact