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Org.nr 988 233 315 2011 → 2012 Year-over-year analysis

ACEL AS: årsregnskap 2012 vs 2011

Shrank 18% on revenue, weaker earnings

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2012 with 2011 for ACEL AS. Revenue 174.09m NOK → 142.34m NOK (-18.2%). Net result +18.09m NOK → +13.31m NOK. Equity 33.29m NOK → 31.10m NOK.

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
174.09m NOK 142.34m NOK
-18.2%
Operating result
+25.26m NOK +17.86m NOK
-29.3%
Net result
+18.09m NOK +13.31m NOK
-26.4%
Equity
33.29m NOK 31.10m NOK
-6.6%
Total assets
94.45m NOK n/m
—

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 174.09m NOK to 142.34m NOK (-18.2% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +25.26m NOK → +17.86m NOK (op. margin 14.5% → 12.5%). Calculated

  • ↓

    Net result weakened

    Net result +18.09m NOK → +13.31m NOK (net margin 10.4% → 9.4%). Calculated

  • ↓

    Equity eroded

    Book equity 33.29m NOK → 31.10m NOK. Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 86.12m NOK → 64.36m NOK (-25.3% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 0 NOK → 13.82m NOK. Reported fact