FirmaIQ
Org.nr 919 785 640 2019 → 2020 Year-over-year analysis

ABV AS: årsregnskap 2020 vs 2019

Grew 36% on revenue, stronger earnings

approved 2021-03-23; registry 2021-03-25; journal 2021 170404

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ABV AS. Revenue 38.99m NOK → 52.83m NOK (+35.5%). Net result +2.56m NOK → +7.13m NOK. Equity 4.50m NOK → 3.00m NOK.

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

Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ABV AS.

At a glance

Scorecard

Revenue
38.99m NOK 52.83m NOK
+35.5%
Operating result
+3.67m NOK +9.54m NOK
+160.0%
Net result
+2.56m NOK +7.13m NOK
+178.5%
Equity
4.50m NOK 3.00m NOK
-33.4%
Cash
5.18m NOK 12.56m NOK
+142.4%
Total assets
15.47m NOK 23.97m NOK
+55.0%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 38.99m NOK to 52.83m NOK (+35.5% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +3.67m NOK → +9.54m NOK (op. margin 9.4% → 18.0%). Calculated

  • ↑

    Net result improved

    Net result +2.56m NOK → +7.13m NOK (net margin 6.6% → 13.5%). Calculated

  • ↑

    Cash rose

    Bank deposits 5.18m NOK → 12.56m NOK (+142.4% YoY). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 4.50m NOK → 3.00m NOK (equity ratio 29.1% → 12.5%). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 18.28m NOK → 24.11m NOK (47% → 46% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 10.13m NOK → 12.89m NOK (+27.2% YoY). Calculated