ADDCON NORDIC AS: årsregnskap 2019 vs 2018
Returned to profit
approved 2020-06-23; registry 2020-07-01; journal 2020 515723
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADDCON NORDIC AS. Revenue 359.53m NOK → 346.82m NOK (-3.5%). Net result -2.18m NOK → +12.18m NOK. Equity 71.58m NOK → 83.76m NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; cogs moved.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADDCON NORDIC AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -386.1k NOK → +17.00m NOK (op. margin -0.1% → 4.9%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 2.18m NOK to a profit of 12.18m NOK. Calculated
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↑
Equity strengthened
Book equity 71.58m NOK → 83.76m NOK (equity ratio 28.1% → 39.8%). Calculated
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↑
Cash rose
Bank deposits 1.78m NOK → 3.31m NOK (+86.3% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.99× → 1.07×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 359.53m NOK to 346.82m NOK (-3.5% YoY). Calculated
-
↓
COGS moved
COGS / varekostnad 13.28bn NOK → 15.23bn NOK (+14.7% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 27.16m NOK → 26.93m NOK. Reported fact