FirmaIQ
Org.nr 992 294 019 2018 → 2019 Year-over-year analysis

ABC TURBUSSER AS: årsregnskap 2019 vs 2018

Shrank 27% on revenue, weaker earnings

approved 2020-04-15; registry 2020-04-18; journal 2020 295417

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ABC TURBUSSER AS. Revenue 3.84m NOK → 2.82m NOK (-26.6%). Net result +581.4k NOK → +102.7k NOK. Equity 1.37m NOK → 1.47m NOK.

On the constructive side: equity strengthened; 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 ABC TURBUSSER AS.

At a glance

Scorecard

Revenue
3.84m NOK 2.82m NOK
-26.6%
Operating result
+766.2k NOK +170.2k NOK
-77.8%
Net result
+581.4k NOK +102.7k NOK
-82.3%
Equity
1.37m NOK 1.47m NOK
+7.5%
Cash
2.48m NOK 1.82m NOK
-26.5%
Total assets
3.31m NOK 4.18m NOK
+26.0%

What improved

  • ↑

    Equity strengthened

    Book equity 1.37m NOK → 1.47m NOK (equity ratio 41.3% → 35.2%). Calculated

  • ↑

    Payroll decreased

    Salary cost 1.55m NOK → 1.04m NOK (40% → 37% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 3.84m NOK to 2.82m NOK (-26.6% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +766.2k NOK → +170.2k NOK (op. margin 19.9% → 6.0%). Calculated

  • ↓

    Net result weakened

    Net result +581.4k NOK → +102.7k NOK (net margin 15.1% → 3.6%). Calculated

  • ↓

    Cash fell

    Bank deposits 2.48m NOK → 1.82m NOK (-26.5% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 228.4k NOK → 50.4k NOK (-77.9% YoY). Calculated