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Org.nr 962 238 742 2019 → 2020 Year-over-year analysis

ABL GROUP NORWAY AS: årsregnskap 2020 vs 2019

Shrank 39% on revenue, weaker earnings

approved 2021-12-08; registry 2021-12-21; journal 2021 903261

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ABL GROUP NORWAY AS. Revenue 39.85m NOK → 24.13m NOK (-39.5%). Net result +3.05m NOK → +1.67m NOK. Equity 12.19m NOK → 12.29m NOK.

On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ABL GROUP NORWAY AS.

At a glance

Scorecard

Revenue
39.85m NOK 24.13m NOK
-39.5%
Operating result
+3.28m NOK +2.23m NOK
-31.9%
Net result
+3.05m NOK +1.67m NOK
-45.3%
Equity
12.19m NOK 12.29m NOK
+0.8%
Total assets
22.20m NOK 17.16m NOK
-22.7%

What improved

  • ↑

    Equity strengthened

    Book equity 12.19m NOK → 12.29m NOK (equity ratio 54.9% → 71.7%). Calculated

  • ↑

    Payroll decreased

    Salary cost 18.71m NOK → 11.29m NOK (47% → 47% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 39.85m NOK to 24.13m NOK (-39.5% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +3.28m NOK → +2.23m NOK (op. margin 8.2% → 9.3%). Calculated

  • ↓

    Net result weakened

    Net result +3.05m NOK → +1.67m NOK (net margin 7.7% → 6.9%). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 14.03m NOK → 8.09m NOK (-42.4% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 74.0k NOK → 68.0k NOK. Reported fact