FirmaIQ
Org.nr 976 052 560 2018 → 2019 Year-over-year analysis

ABICON ELEKTRO AS: årsregnskap 2019 vs 2018

Grew 12% on revenue, stronger earnings

approved 2020-06-16; registry 2020-07-02; journal 2020 525679

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ABICON ELEKTRO AS. Revenue 130.16m NOK → 146.20m NOK (+12.3%). Net result +1.38m NOK → +4.25m NOK. Equity 24.97m NOK → 29.03m NOK.

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

Also worth watching: cogs moved; book investments changed. All figures are taken from the published annual accounts for ABICON ELEKTRO AS.

At a glance

Scorecard

Revenue
130.16m NOK 146.20m NOK
+12.3%
Operating result
+1.98m NOK +7 444 NOK
-99.6%
Net result
+1.38m NOK +4.25m NOK
+208.0%
Equity
24.97m NOK 29.03m NOK
+16.2%
Cash
10.66m NOK 17.39m NOK
+63.1%
Total assets
50.53m NOK 61.52m NOK
+21.7%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 130.16m NOK to 146.20m NOK (+12.3% YoY). Calculated

  • ↑

    Net result improved

    Net result +1.38m NOK → +4.25m NOK (net margin 1.1% → 2.9%). Calculated

  • ↑

    Equity strengthened

    Book equity 24.97m NOK → 29.03m NOK (equity ratio 49.4% → 47.2%). Calculated

  • ↑

    Cash rose

    Bank deposits 10.66m NOK → 17.39m NOK (+63.1% YoY). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +1.98m NOK → +7 444 NOK (op. margin 1.5% → 0.0%). Calculated

Things to notice

  • ·

    COGS moved

    COGS / varekostnad 58.55m NOK → 66.97m NOK (+14.4% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 1.99m NOK → 2.08m NOK. Reported fact