Org.nr 983 543 847 2019 → 2020 Year-over-year analysis

ABRAHAMSSON & HAUGSTVEDT AS: årsregnskap 2020 vs 2019

Shrank 35% on revenue, weaker earnings, cash halved-plus

approved 2021-04-12; registry 2021-05-11; journal 2021 225000

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ABRAHAMSSON & HAUGSTVEDT AS. Revenue 116.68m NOK → 76.28m NOK (-34.6%). Net result +7.92m NOK → +2.98m NOK.

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 ABRAHAMSSON & HAUGSTVEDT AS.

At a glance

Revenue

116.68m NOK 76.28m NOK

-34.6%

Operating result

+11.88m NOK +5.51m NOK

-53.6%

Net result

+7.92m NOK +2.98m NOK

-62.3%

Cash

3.24m NOK 1.34m NOK

-58.8%

Total assets

51.08m NOK 67.76m NOK

+32.7%

↓
Revenue fell

Operating income / revenue moved from 116.68m NOK to 76.28m NOK (-34.6% YoY). Calculated
↓
Operating result weakened

Operating result +11.88m NOK → +5.51m NOK (op. margin 10.2% → 7.2%). Calculated
↓
Net result weakened

Net result +7.92m NOK → +2.98m NOK (net margin 6.8% → 3.9%). Calculated
↓
Cash fell

Bank deposits 3.24m NOK → 1.34m NOK (-58.8% YoY). Calculated

·
COGS fell

COGS / varekostnad 96.04m NOK → 60.67m NOK (-36.8% YoY). Calculated