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Org.nr 988 233 315 2009 → 2010 Year-over-year analysis

ACEL AS: årsregnskap 2010 vs 2009

Shrank 16% on revenue, weaker earnings

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2010 with 2009 for ACEL AS. Revenue 200.47m NOK → 167.97m NOK (-16.2%). Net result +21.20m NOK → +16.16m NOK. Equity 24.04m NOK → 25.19m NOK.

On the constructive side: equity strengthened. 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 ACEL AS.

At a glance

Scorecard

Revenue
200.47m NOK 167.97m NOK
-16.2%
Operating result
+27.80m NOK +22.14m NOK
-20.3%
Net result
+21.20m NOK +16.16m NOK
-23.8%
Equity
24.04m NOK 25.19m NOK
+4.8%
Total assets
101.66m NOK 88.84m NOK
-12.6%

What improved

  • ↑

    Equity strengthened

    Book equity 24.04m NOK → 25.19m NOK (equity ratio 23.6% → 28.4%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 200.47m NOK to 167.97m NOK (-16.2% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +27.80m NOK → +22.14m NOK (op. margin 13.9% → 13.2%). Calculated

  • ↓

    Net result weakened

    Net result +21.20m NOK → +16.16m NOK (net margin 10.6% → 9.6%). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 3.12bn NOK → 89.94m NOK (-97.1% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 1.00m NOK → 67.0k NOK. Reported fact