Org.nr 976 518 292 2020 → 2021 Year-over-year analysis

ADIGO MEKATRONIKK AS: årsregnskap 2021 vs 2020

Grew 12% on revenue, stronger earnings

approved 2022-06-29; registry 2022-07-30; journal 2022 735562

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2021 with 2020 for ADIGO MEKATRONIKK AS. Revenue 31.87m NOK → 35.84m NOK (+12.5%). Net result +2.01m NOK → +2.66m NOK. Equity 7.41m NOK → 10.07m 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 ADIGO MEKATRONIKK AS.

Scorecard

Revenue
31.87m NOK 35.84m NOK
+12.5%
Operating result
+3.15m NOK +3.52m NOK
+11.9%
Net result
+2.01m NOK +2.66m NOK
+32.5%
Equity
7.41m NOK 10.07m NOK
+35.9%
Cash
1.04m NOK 1.20m NOK
+16.2%
Total assets
18.56m NOK 22.68m NOK
+22.2%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 31.87m NOK to 35.84m NOK (+12.5% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +3.15m NOK → +3.52m NOK (op. margin 9.9% → 9.8%). Calculated

  • ↑

    Net result improved

    Net result +2.01m NOK → +2.66m NOK (net margin 6.3% → 7.4%). Calculated

  • ↑

    Equity strengthened

    Book equity 7.41m NOK → 10.07m NOK (equity ratio 39.9% → 44.4%). Calculated

  • ↑

    Cash rose

    Bank deposits 1.04m NOK → 1.20m NOK (+16.2% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 13.55m NOK → 19.41m NOK (43% → 54% of revenue). Calculated

  • ·

    COGS fell

    COGS / varekostnad 10.78m NOK → 8.90m NOK (-17.5% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 501.9k NOK → 425.9k NOK. Reported fact