FirmaIQ
Org.nr 988 774 677 2017 → 2018 Year-over-year analysis

ADDCON NORDIC AS: årsregnskap 2018 vs 2017

Slipped into loss

approved 2019-04-30; registry 2019-07-15; journal 2019 702910

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for ADDCON NORDIC AS. Revenue 360.97m NOK → 359.53m NOK (-0.4%). Net result +13.82m NOK → -2.18m NOK. Equity 73.76m NOK → 71.58m NOK.

Pressures included: revenue fell; operating result weakened; fell into a net loss.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADDCON NORDIC AS.

At a glance

Scorecard

Revenue
360.97m NOK 359.53m NOK
-0.4%
Operating result
+17.72m NOK -386.1k NOK
-102.2%
Net result
+13.82m NOK -2.18m NOK
-115.8%
Equity
73.76m NOK 71.58m NOK
-3.0%
Cash
n/m 1.78m NOK
—
Total assets
242.02m NOK 255.02m NOK
+5.4%

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 360.97m NOK to 359.53m NOK (-0.4% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +17.72m NOK → -386.1k NOK (op. margin 4.9% → -0.1%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 13.82m NOK profit to a loss of 2.18m NOK. Calculated

  • ↓

    Equity eroded

    Book equity 73.76m NOK → 71.58m NOK (equity ratio 30.5% → 28.1%). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 1.04× → 0.99× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 26.69m NOK → 27.16m NOK. Reported fact