ADMA AS: årsregnskap 2020 vs 2019
Grew 19% on revenue, stronger earnings
approved 2021-02-19; registry 2021-03-06; journal 2021 135149
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADMA AS. Revenue 5.86m NOK → 6.98m NOK (+19.3%). Net result +621.6k NOK → +783.0k NOK. Equity 288.5k NOK → 2.07m NOK.
On the constructive side: revenue rose; operating result improved; net result improved.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ADMA AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 5.86m NOK to 6.98m NOK (+19.3% YoY). Calculated
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Operating result improved
Operating result +793.3k NOK → +986.0k NOK (op. margin 13.5% → 14.1%). Calculated
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Net result improved
Net result +621.6k NOK → +783.0k NOK (net margin 10.6% → 11.2%). Calculated
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Equity strengthened
Book equity 288.5k NOK → 2.07m NOK (equity ratio 11.1% → 55.5%). Calculated
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Cash rose
Bank deposits 1.77m NOK → 2.92m NOK (+64.7% YoY). Calculated
Things to notice
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Payroll increased
Salary cost 3.38m NOK → 4.39m NOK (58% → 63% of revenue). Calculated
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COGS moved
COGS / varekostnad 901.1k NOK → 934.8k NOK (+3.7% YoY). Calculated