FirmaIQ
Org.nr 815 643 062 2019 → 2020 Year-over-year analysis

ADESSO BIOPRODUCTS AS: årsregnskap 2020 vs 2019

Shrank 6% on revenue, weaker earnings

approved 2021-03-26; registry 2021-04-20; journal 2021 199409

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADESSO BIOPRODUCTS AS. Revenue 62.63m NOK → 59.18m NOK (-5.5%). Net result +3.69m NOK → +2.88m NOK.

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

Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADESSO BIOPRODUCTS AS.

At a glance

Scorecard

Revenue
62.63m NOK 59.18m NOK
-5.5%
Operating result
+5.11m NOK +4.17m NOK
-18.4%
Net result
+3.69m NOK +2.88m NOK
-21.8%
Cash
456.7k NOK 5.44m NOK
+1090.2%
Total assets
59.75m NOK 57.30m NOK
-4.1%

What improved

  • ↑

    Cash rose

    Bank deposits 456.7k NOK → 5.44m NOK (+1090.2% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 62.63m NOK to 59.18m NOK (-5.5% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +5.11m NOK → +4.17m NOK (op. margin 8.2% → 7.0%). Calculated

  • ↓

    Net result weakened

    Net result +3.69m NOK → +2.88m NOK (net margin 5.9% → 4.9%). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 27.39m NOK → 22.62m NOK (-17.4% YoY). Calculated