FirmaIQ
Org.nr 992 564 113 2017 → 2018 Year-over-year analysis

ADDOVATION AS: årsregnskap 2018 vs 2017

Grew 29% on revenue, stronger earnings

approved 2019-05-20; registry 2019-06-08; journal 2019 398900

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for ADDOVATION AS. Revenue 40.58m NOK → 52.51m NOK (+29.4%). Net result +2.59m NOK → +8.98m NOK. Equity 7.07m NOK → 10.99m NOK.

On the constructive side: revenue rose; operating result improved; net result improved.

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

At a glance

Scorecard

Revenue
40.58m NOK 52.51m NOK
+29.4%
Operating result
+363.2k NOK +733.2k NOK
+101.9%
Net result
+2.59m NOK +8.98m NOK
+247.5%
Equity
7.07m NOK 10.99m NOK
+55.4%
Cash
1.77m NOK 4.40m NOK
+149.4%
Total assets
17.39m NOK 26.34m NOK
+51.4%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 40.58m NOK to 52.51m NOK (+29.4% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +363.2k NOK → +733.2k NOK (op. margin 0.9% → 1.4%). Calculated

  • ↑

    Net result improved

    Net result +2.59m NOK → +8.98m NOK (net margin 6.4% → 17.1%). Calculated

  • ↑

    Equity strengthened

    Book equity 7.07m NOK → 10.99m NOK (equity ratio 40.7% → 41.7%). Calculated

  • ↑

    Cash rose

    Bank deposits 1.77m NOK → 4.40m NOK (+149.4% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 20.66m NOK → 24.69m NOK (51% → 47% of revenue). Calculated

  • ·

    COGS fell

    COGS / varekostnad 14.12m NOK → 12.55m NOK (-11.1% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 188 NOK → 188.0k NOK. Reported fact