FirmaIQ
Org.nr 930 481 599 2019 → 2020 Year-over-year analysis

ADDBRAND NORWAY AS: årsregnskap 2020 vs 2019

Shrank 19% on revenue, weaker earnings

approved 2021-04-01; registry 2021-06-24; journal 2021 396649

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADDBRAND NORWAY AS. Revenue 46.51m NOK → 37.50m NOK (-19.4%). Net result -281.7k NOK → -764.7k NOK. Equity 5.64m NOK → 4.88m NOK.

On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADDBRAND NORWAY AS.

At a glance

Scorecard

Revenue
46.51m NOK 37.50m NOK
-19.4%
Operating result
-258.0k NOK -918.1k NOK
-255.8%
Net result
-281.7k NOK -764.7k NOK
-171.5%
Equity
5.64m NOK 4.88m NOK
-13.6%
Cash
891.0k NOK 931.9k NOK
+4.6%
Total assets
15.83m NOK 17.17m NOK
+8.4%

What improved

  • ↑

    Cash rose

    Bank deposits 891.0k NOK → 931.9k NOK (+4.6% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 46.51m NOK to 37.50m NOK (-19.4% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result -258.0k NOK → -918.1k NOK (op. margin -0.6% → -2.4%). Calculated

  • ↓

    Net result weakened

    Net result -281.7k NOK → -764.7k NOK (net margin -0.6% → -2.0%). Calculated

  • ↓

    Equity eroded

    Book equity 5.64m NOK → 4.88m NOK (equity ratio 35.6% → 28.4%). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 29.32m NOK → 25.43m NOK (-13.3% YoY). Calculated