FirmaIQ
Org.nr 962 238 742 2020 → 2021 Year-over-year analysis

ABL GROUP NORWAY AS: årsregnskap 2021 vs 2020

Shrank 21% on revenue, weaker earnings

approved 2022-09-23; registry 2022-10-06; journal 2022 933847

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for ABL GROUP NORWAY AS. Revenue 24.13m NOK → 19.10m NOK (-20.8%). Net result +1.67m NOK → +412.9k NOK. Equity 12.29m NOK → 12.47m NOK.

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

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

At a glance

Scorecard

Revenue
24.13m NOK 19.10m NOK
-20.8%
Operating result
+2.23m NOK +698.4k NOK
-68.8%
Net result
+1.67m NOK +412.9k NOK
-75.2%
Equity
12.29m NOK 12.47m NOK
+1.4%
Total assets
17.16m NOK 17.63m NOK
+2.8%

What improved

  • ↑

    Equity strengthened

    Book equity 12.29m NOK → 12.47m NOK (equity ratio 71.7% → 70.7%). Calculated

  • ↑

    Payroll decreased

    Salary cost 11.29m NOK → 8.94m NOK (47% → 47% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 24.13m NOK to 19.10m NOK (-20.8% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +2.23m NOK → +698.4k NOK (op. margin 9.3% → 3.7%). Calculated

  • ↓

    Net result weakened

    Net result +1.67m NOK → +412.9k NOK (net margin 6.9% → 2.2%). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 8.09m NOK → 7.01m NOK (-13.3% YoY). Calculated