FirmaIQ
Org.nr 998 085 497 2019 → 2020 Year-over-year analysis

ABBVIE AS: årsregnskap 2020 vs 2019

Shrank 29% on revenue, weaker earnings

approved 2021-06-17; registry 2021-08-18; journal 2021 625350

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ABBVIE AS. Revenue 229.31m NOK → 162.32m NOK (-29.2%). Net result +12.42m NOK → +9.01m NOK. Equity 72.14m NOK → 59.10m NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for ABBVIE AS.

At a glance

Scorecard

Revenue
229.31m NOK 162.32m NOK
-29.2%
Operating result
+15.14m NOK +10.80m NOK
-28.7%
Net result
+12.42m NOK +9.01m NOK
-27.4%
Equity
72.14m NOK 59.10m NOK
-18.1%
Total assets
297.64m NOK 161.39m NOK
-45.8%

What improved

  • ↑

    Payroll decreased

    Salary cost 103.77m NOK → 11 NOK (45% → 0% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 229.31m NOK to 162.32m NOK (-29.2% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +15.14m NOK → +10.80m NOK (op. margin 6.6% → 6.7%). Calculated

  • ↓

    Net result weakened

    Net result +12.42m NOK → +9.01m NOK (net margin 5.4% → 5.6%). Calculated

  • ↓

    Equity eroded

    Book equity 72.14m NOK → 59.10m NOK (equity ratio 24.2% → 36.6%). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 61.39m NOK → 51.18m NOK (-16.6% YoY). Calculated