AD METAM AS: årsregnskap 2018 vs 2017
Shrank 35% on revenue, returned to profit
approved 2019-06-30; registry 2019-08-05; journal 2019 863424
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AD METAM AS. Revenue 22.54m NOK → 14.76m NOK (-34.5%). Net result -2.08m NOK → +1.54m NOK. Equity 1.14m NOK → 2.68m NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for AD METAM AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -2.04m NOK → +2.15m NOK (op. margin -9.0% → 14.6%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 2.08m NOK to a profit of 1.54m NOK. Calculated
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↑
Equity strengthened
Book equity 1.14m NOK → 2.68m NOK (equity ratio 10.1% → 78.2%). Calculated
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↑
Cash rose
Bank deposits 266.9k NOK → 826.8k NOK (+209.8% YoY). Calculated
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↑
Payroll decreased
Salary cost 8.02m NOK → 3.84m NOK (36% → 26% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 22.54m NOK to 14.76m NOK (-34.5% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 8.74m NOK → 6.00m NOK (-31.3% YoY). Calculated