FirmaIQ
Org.nr 976 052 560 2020 → 2021 Year-over-year analysis

ABICON ELEKTRO AS: årsregnskap 2021 vs 2020

Weaker earnings

approved 2022-05-23; registry 2022-06-13; journal 2022 410405

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for ABICON ELEKTRO AS. Revenue 161.74m NOK → 164.46m NOK (+1.7%). Net result +6.23m NOK → +2.54m NOK. Equity 19.21m NOK → 21.71m NOK.

On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net 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
161.74m NOK 164.46m NOK
+1.7%
Operating result
+7.96m NOK +3.17m NOK
-60.1%
Net result
+6.23m NOK +2.54m NOK
-59.3%
Equity
19.21m NOK 21.71m NOK
+13.0%
Cash
11.81m NOK 15.76m NOK
+33.5%
Total assets
60.22m NOK 52.52m NOK
-12.8%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 161.74m NOK to 164.46m NOK (+1.7% YoY). Calculated

  • ↑

    Equity strengthened

    Book equity 19.21m NOK → 21.71m NOK (equity ratio 31.9% → 41.3%). Calculated

  • ↑

    Cash rose

    Bank deposits 11.81m NOK → 15.76m NOK (+33.5% YoY). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +7.96m NOK → +3.17m NOK (op. margin 4.9% → 1.9%). Calculated

  • ↓

    Net result weakened

    Net result +6.23m NOK → +2.54m NOK (net margin 3.9% → 1.5%). Calculated

Things to notice

  • ·

    COGS moved

    COGS / varekostnad 75.28m NOK → 81.83m NOK (+8.7% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 360.2k NOK → 897.4k NOK. Reported fact