FirmaIQ
Org.nr 988 774 677 2019 → 2020 Year-over-year analysis

ADDCON NORDIC AS: årsregnskap 2020 vs 2019

Shrank 6% on revenue, stronger earnings

approved 2021-04-19; registry 2021-07-06; journal 2021 450901

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADDCON NORDIC AS. Revenue 346.82m NOK → 324.85m NOK (-6.3%). Net result +12.18m NOK → +17.67m NOK. Equity 83.76m NOK → 85.73m NOK.

On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell.

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

At a glance

Scorecard

Revenue
346.82m NOK 324.85m NOK
-6.3%
Operating result
+17.00m NOK +22.39m NOK
+31.8%
Net result
+12.18m NOK +17.67m NOK
+45.0%
Equity
83.76m NOK 85.73m NOK
+2.3%
Cash
3.31m NOK 15.62m NOK
+372.4%
Total assets
210.24m NOK 218.95m NOK
+4.1%

What improved

  • ↑

    Operating result improved

    Operating result +17.00m NOK → +22.39m NOK (op. margin 4.9% → 6.9%). Calculated

  • ↑

    Net result improved

    Net result +12.18m NOK → +17.67m NOK (net margin 3.5% → 5.4%). Calculated

  • ↑

    Equity strengthened

    Book equity 83.76m NOK → 85.73m NOK (equity ratio 39.8% → 39.2%). Calculated

  • ↑

    Cash rose

    Bank deposits 3.31m NOK → 15.62m NOK (+372.4% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 346.82m NOK to 324.85m NOK (-6.3% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 15.23bn NOK → 15.20bn NOK (-0.2% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 26.93m NOK → 26.9k NOK. Reported fact