ABE STAR PARKETT AS: årsregnskap 2020 vs 2019
Grew 41% on revenue, stronger earnings
approved 2021-08-10; registry 2021-08-14; journal 2021 629004
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABE STAR PARKETT AS. Revenue 5.42m NOK → 7.67m NOK (+41.5%). Net result +604.9k NOK → +1.35m NOK. Equity 905.4k NOK → 954.3k NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for ABE STAR PARKETT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 5.42m NOK to 7.67m NOK (+41.5% YoY). Calculated
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↑
Net result improved
Net result +604.9k NOK → +1.35m NOK (net margin 11.2% → 17.6%). Calculated
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↑
Equity strengthened
Book equity 905.4k NOK → 954.3k NOK (equity ratio 33.5% → 21.7%). Calculated
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↑
Cash rose
Bank deposits 1.92m NOK → 2.70m NOK (+40.9% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +803.7k NOK → +683.9k NOK (op. margin 14.8% → 8.9%). Calculated
Things to notice
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·
Payroll increased
Salary cost 3.20m NOK → 4.07m NOK (59% → 53% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 924.4k NOK → 345.0k NOK (-62.7% YoY). Calculated