Org.nr 992 009 241 2017 → 2018 Year-over-year analysis

ADVANIA NORGE AS: årsregnskap 2018 vs 2017

Grew 38% on revenue

approved 2019-02-13; registry 2019-03-09; journal 2019 228389

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for ADVANIA NORGE AS. Revenue 283.33m NOK → 392.00m NOK (+38.4%). Equity 35.42m NOK → 42.98m NOK.

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

Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ADVANIA NORGE AS.

At a glance

Revenue

283.33m NOK 392.00m NOK

+38.4%

Operating result

+21.07m NOK +29.24m NOK

+38.7%

Equity

35.42m NOK 42.98m NOK

+21.3%

Cash

36.57m NOK 65.28m NOK

+78.5%

Total assets

93.48m NOK 132.98m NOK

+42.3%

↑
Revenue rose

Operating income / revenue moved from 283.33m NOK to 392.00m NOK (+38.4% YoY). Calculated
↑
Operating result improved

Operating result +21.07m NOK → +29.24m NOK (op. margin 7.4% → 7.5%). Calculated
↑
Equity strengthened

Book equity 35.42m NOK → 42.98m NOK (equity ratio 37.9% → 32.3%). Calculated
↑
Cash rose

Bank deposits 36.57m NOK → 65.28m NOK (+78.5% YoY). Calculated

·
Payroll increased

Salary cost 13.80m NOK → 17.90m NOK (5% → 5% of revenue). Calculated
·
COGS moved

COGS / varekostnad 245.45m NOK → 341.76m NOK (+39.2% YoY). Calculated