FirmaIQ
Org.nr 987 475 544 2018 → 2019 Year-over-year analysis

ADVANCED ENGINEERING SYSTEMS AS: årsregnskap 2019 vs 2018

Grew 39% on revenue, stronger earnings

approved 2020-04-28; registry 2020-05-02; journal 2020 322167

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ADVANCED ENGINEERING SYSTEMS AS. Revenue 4.11m NOK → 5.71m NOK (+39.1%). Net result +10.8k NOK → +446.3k NOK. Equity 167.5k NOK → 613.9k NOK.

On the constructive side: revenue rose; net result improved; equity strengthened.

Also worth watching: cogs moved. All figures are taken from the published annual accounts for ADVANCED ENGINEERING SYSTEMS AS.

At a glance

Scorecard

Revenue
4.11m NOK 5.71m NOK
+39.1%
Operating result
n/m +564.5k NOK
—
Net result
+10.8k NOK +446.3k NOK
+4014.7%
Equity
167.5k NOK 613.9k NOK
+266.4%
Cash
150.7k NOK 648.0k NOK
+330.1%
Total assets
859.0k NOK 461.9k NOK
-46.2%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 4.11m NOK to 5.71m NOK (+39.1% YoY). Calculated

  • ↑

    Net result improved

    Net result +10.8k NOK → +446.3k NOK (net margin 0.3% → 7.8%). Calculated

  • ↑

    Equity strengthened

    Book equity 167.5k NOK → 613.9k NOK (equity ratio 19.5% → 132.9%). Calculated

  • ↑

    Cash rose

    Bank deposits 150.7k NOK → 648.0k NOK (+330.1% YoY). Calculated

Things to notice

  • ·

    COGS moved

    COGS / varekostnad 2.56m NOK → 3.82m NOK (+49.1% YoY). Calculated