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Org.nr 976 134 257 2008 → 2009 Year-over-year analysis

ACO NORWAY AS: årsregnskap 2009 vs 2008

Grew 18% on revenue, stronger earnings

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2009 with 2008 for ACO NORWAY AS. Revenue 105.41m NOK → 124.27m NOK (+17.9%). Net result +4.19m NOK → +6.07m NOK. Equity 29.06m NOK → 27.13m NOK.

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

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

At a glance

Scorecard

Revenue
105.41m NOK 124.27m NOK
+17.9%
Operating result
+6.71m NOK +6.99m NOK
+4.2%
Net result
+4.19m NOK +6.07m NOK
+45.0%
Equity
29.06m NOK 27.13m NOK
-6.6%
Total assets
53.39m NOK 60.06m NOK
+12.5%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 105.41m NOK to 124.27m NOK (+17.9% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +6.71m NOK → +6.99m NOK (op. margin 6.4% → 5.6%). Calculated

  • ↑

    Net result improved

    Net result +4.19m NOK → +6.07m NOK (net margin 4.0% → 4.9%). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 29.06m NOK → 27.13m NOK (equity ratio 54.4% → 45.2%). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 253.4k NOK → 8.96m NOK (0% → 7% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 41.95m NOK → 60.10m NOK (+43.3% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 17.4k NOK → 0 NOK. Reported fact