FirmaIQ
Org.nr 913 512 987 2017 → 2018 Year-over-year analysis

ADRIA WINCH NORWAY AS: årsregnskap 2018 vs 2017

Grew 844% on revenue, weaker earnings

approved 2019-05-27; registry 2019-07-18; journal 2019 744662

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for ADRIA WINCH NORWAY AS. Revenue 410.6k NOK → 3.88m NOK (+844.4%). Net result +762.4k NOK → +525.7k NOK. Equity 2.14m NOK → 2.66m NOK.

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

Also worth watching: cogs moved. All figures are taken from the published annual accounts for ADRIA WINCH NORWAY AS.

At a glance

Scorecard

Revenue
410.6k NOK 3.88m NOK
+844.4%
Operating result
n/m +669.4k NOK
—
Net result
+762.4k NOK +525.7k NOK
-31.0%
Equity
2.14m NOK 2.66m NOK
+24.6%
Cash
254.3k NOK 326.0k NOK
+28.2%
Total assets
2.48m NOK 3.34m NOK
+34.9%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 410.6k NOK to 3.88m NOK (+844.4% YoY). Calculated

  • ↑

    Equity strengthened

    Book equity 2.14m NOK → 2.66m NOK (equity ratio 86.3% → 79.7%). Calculated

  • ↑

    Cash rose

    Bank deposits 254.3k NOK → 326.0k NOK (+28.2% YoY). Calculated

What deteriorated

  • ↓

    Net result weakened

    Net result +762.4k NOK → +525.7k NOK (net margin 185.7% → 13.6%). Calculated

Things to notice

  • ·

    COGS moved

    COGS / varekostnad 11.8k NOK → 234.8k NOK (+1898.2% YoY). Calculated