FirmaIQ
Org.nr 916 458 487 2019 → 2020 Year-over-year analysis

ADVANIA IBIZ AS: årsregnskap 2020 vs 2019

Grew 32% on revenue, stronger earnings

approved 2021-06-30; registry 2021-08-02; journal 2021 569284

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVANIA IBIZ AS. Revenue 27.06m NOK → 35.73m NOK (+32.0%). Net result +2.47m NOK → +6.02m NOK. Equity 4.70m NOK → 10.72m NOK.

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

Also worth watching: cogs moved. All figures are taken from the published annual accounts for ADVANIA IBIZ AS.

At a glance

Scorecard

Revenue
27.06m NOK 35.73m NOK
+32.0%
Operating result
+3.19m NOK +7.96m NOK
+149.3%
Net result
+2.47m NOK +6.02m NOK
+143.5%
Equity
4.70m NOK 10.72m NOK
+127.9%
Cash
1.55m NOK 9.30m NOK
+501.7%
Total assets
8.56m NOK 14.55m NOK
+70.0%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 27.06m NOK to 35.73m NOK (+32.0% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +3.19m NOK → +7.96m NOK (op. margin 11.8% → 22.3%). Calculated

  • ↑

    Net result improved

    Net result +2.47m NOK → +6.02m NOK (net margin 9.1% → 16.8%). Calculated

  • ↑

    Equity strengthened

    Book equity 4.70m NOK → 10.72m NOK (equity ratio 55.0% → 73.7%). Calculated

  • ↑

    Cash rose

    Bank deposits 1.55m NOK → 9.30m NOK (+501.7% YoY). Calculated

Things to notice

  • ·

    COGS moved

    COGS / varekostnad 16.46m NOK → 21.07m NOK (+28.0% YoY). Calculated