FirmaIQ
Org.nr 933 783 405 2019 → 2020 Year-over-year analysis

ABBOTT RAPID DIAGNOSTICS AS: årsregnskap 2020 vs 2019

Grew 295% on revenue

approved 2021-08-13; registry 2021-09-18; journal 2021 717380

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ABBOTT RAPID DIAGNOSTICS AS. Revenue 372.72m NOK → 1.47bn NOK (+294.7%). Net result +17.82m NOK → +16.29m NOK. Equity 90.16m NOK → 106.46m NOK.

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

Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ABBOTT RAPID DIAGNOSTICS AS.

At a glance

Scorecard

Revenue
372.72m NOK 1.47bn NOK
+294.7%
Operating result
+21.93m NOK +22.80m NOK
+4.0%
Net result
+17.82m NOK +16.29m NOK
-8.6%
Equity
90.16m NOK 106.46m NOK
+18.1%
Cash
2.14m NOK 2.22m NOK
+3.5%
Total assets
175.25m NOK 300.42m NOK
+71.4%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 372.72m NOK to 1.47bn NOK (+294.7% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +21.93m NOK → +22.80m NOK (op. margin 5.9% → 1.5%). Calculated

  • ↑

    Equity strengthened

    Book equity 90.16m NOK → 106.46m NOK (equity ratio 51.4% → 35.4%). Calculated

  • ↑

    Cash rose

    Bank deposits 2.14m NOK → 2.22m NOK (+3.5% YoY). Calculated

What deteriorated

  • ↓

    Net result weakened

    Net result +17.82m NOK → +16.29m NOK (net margin 4.8% → 1.1%). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 59.99m NOK → 64.20m NOK (16% → 4% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 254.03m NOK → 329.75m NOK (+29.8% YoY). Calculated