FirmaIQ
Org.nr 976 052 560 2019 → 2020 Year-over-year analysis

ABICON ELEKTRO AS: årsregnskap 2020 vs 2019

Grew 11% on revenue, stronger earnings

approved 2021-06-02; registry 2021-07-03; journal 2021 436344

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ABICON ELEKTRO AS. Revenue 146.20m NOK → 161.74m NOK (+10.6%). Net result +4.25m NOK → +6.23m NOK. Equity 29.03m NOK → 19.21m NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.

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
146.20m NOK 161.74m NOK
+10.6%
Operating result
+7 444 NOK +7.96m NOK
+106855.1%
Net result
+4.25m NOK +6.23m NOK
+46.6%
Equity
29.03m NOK 19.21m NOK
-33.8%
Cash
17.39m NOK 11.81m NOK
-32.1%
Total assets
61.52m NOK 60.22m NOK
-2.1%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 146.20m NOK to 161.74m NOK (+10.6% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +7 444 NOK → +7.96m NOK (op. margin 0.0% → 4.9%). Calculated

  • ↑

    Net result improved

    Net result +4.25m NOK → +6.23m NOK (net margin 2.9% → 3.9%). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 29.03m NOK → 19.21m NOK (equity ratio 47.2% → 31.9%). Calculated

  • ↓

    Cash fell

    Bank deposits 17.39m NOK → 11.81m NOK (-32.1% YoY). Calculated

Things to notice

  • ·

    COGS moved

    COGS / varekostnad 66.97m NOK → 75.28m NOK (+12.4% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 2.08m NOK → 360.2k NOK. Reported fact