FirmaIQ
Org.nr 916 870 337 2018 → 2019 Year-over-year analysis

ADSEO AS: årsregnskap 2019 vs 2018

Grew 63% on revenue, returned to profit

approved 2020-06-19; registry 2020-08-11; journal 2020 664242

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ADSEO AS. Revenue 254.4k NOK → 415.4k NOK (+63.3%). Net result -149.4k NOK → +61.2k NOK. Equity -124.4k NOK → -63.1k NOK.

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

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

At a glance

Scorecard

Revenue
254.4k NOK 415.4k NOK
+63.3%
Operating result
-148.1k NOK +61.6k NOK
+141.6%
Net result
-149.4k NOK +61.2k NOK
+141.0%
Equity
-124.4k NOK -63.1k NOK
+49.3%
Cash
55.8k NOK 134.0k NOK
+140.2%
Total assets
136.3k NOK 230.9k NOK
+69.4%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 254.4k NOK to 415.4k NOK (+63.3% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -148.1k NOK → +61.6k NOK (op. margin -58.2% → 14.8%). Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 149.4k NOK to a profit of 61.2k NOK. Calculated

  • ↑

    Equity strengthened

    Book equity -124.4k NOK → -63.1k NOK (equity ratio -91.3% → -27.3%). Calculated

  • ↑

    Cash rose

    Bank deposits 55.8k NOK → 134.0k NOK (+140.2% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 53.7k NOK → 46.2k NOK (-14.0% YoY). Calculated