FirmaIQ
Org.nr 988 774 677 2020 → 2021 Year-over-year analysis

ADDCON NORDIC AS: årsregnskap 2021 vs 2020

Grew 10% on revenue, weaker earnings, cash halved-plus

approved 2022-04-28; registry 2022-06-27; journal 2022 513373

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for ADDCON NORDIC AS. Revenue 324.85m NOK → 357.90m NOK (+10.2%). Net result +17.67m NOK → +1.20m NOK. Equity 85.73m NOK → 86.93m NOK.

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

Also worth watching: sharp cash drawdown; cogs moved; headcount (årsverk) changed. All figures are taken from the published annual accounts for ADDCON NORDIC AS.

At a glance

Scorecard

Revenue
324.85m NOK 357.90m NOK
+10.2%
Operating result
+22.39m NOK +3.54m NOK
-84.2%
Net result
+17.67m NOK +1.20m NOK
-93.2%
Equity
85.73m NOK 86.93m NOK
+1.4%
Cash
15.62m NOK 4.29m NOK
-72.5%
Total assets
218.95m NOK 196.71m NOK
-10.2%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 324.85m NOK to 357.90m NOK (+10.2% YoY). Calculated

  • ↑

    Equity strengthened

    Book equity 85.73m NOK → 86.93m NOK (equity ratio 39.2% → 44.2%). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +22.39m NOK → +3.54m NOK (op. margin 6.9% → 1.0%). Calculated

  • ↓

    Net result weakened

    Net result +17.67m NOK → +1.20m NOK (net margin 5.4% → 0.3%). Calculated

  • ↓

    Cash fell

    Bank deposits 15.62m NOK → 4.29m NOK (-72.5% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (15.62m NOK → 4.29m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    COGS moved

    COGS / varekostnad 15.20bn NOK → 15.26bn NOK (+0.4% YoY). Calculated

  • ·

    Headcount (årsverk) changed

    Reported FTEs 52 → 53. Reported fact