FirmaIQ
Org.nr 988 233 315 2018 → 2019 Year-over-year analysis

ACEL AS: årsregnskap 2019 vs 2018

Grew 49% on revenue, stronger earnings

approved 2020-07-08; registry 2020-08-04; journal 2020 645765

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ACEL AS. Revenue 157.30m NOK → 234.53m NOK (+49.1%). Net result +4.91m NOK → +11.86m NOK. Equity 37.88m NOK → 31.22m NOK.

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

Also worth watching: cogs moved; book investments changed. All figures are taken from the published annual accounts for ACEL AS.

At a glance

Scorecard

Revenue
157.30m NOK 234.53m NOK
+49.1%
Operating result
+8 NOK +18 NOK
+125.0%
Net result
+4.91m NOK +11.86m NOK
+141.5%
Equity
37.88m NOK 31.22m NOK
-17.6%
Total assets
85.04m NOK 110.97m NOK
+30.5%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 157.30m NOK to 234.53m NOK (+49.1% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +8 NOK → +18 NOK (op. margin 0.0% → 0.0%). Calculated

  • ↑

    Net result improved

    Net result +4.91m NOK → +11.86m NOK (net margin 3.1% → 5.1%). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 37.88m NOK → 31.22m NOK (equity ratio 44.5% → 28.1%). Calculated

Things to notice

  • ·

    COGS moved

    COGS / varekostnad 80.67m NOK → 126.55m NOK (+56.9% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 10.80m NOK → 903.4k NOK. Reported fact