FirmaIQ
Org.nr 992 009 241 2019 → 2020 Year-over-year analysis

ADVANIA NORGE AS: årsregnskap 2020 vs 2019

Grew 49% on revenue, stronger earnings, fresh owner capital

approved 2021-05-05; registry 2021-07-10; journal 2021 467595

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVANIA NORGE AS. Revenue 582.94m NOK → 868.28m NOK (+48.9%). Net result +26.28m NOK → +58.16m NOK. Equity 41.53m NOK → 6.10bn NOK.

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

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

At a glance

Scorecard

Revenue
582.94m NOK 868.28m NOK
+48.9%
Operating result
+33.20m NOK +39.63m NOK
+19.4%
Net result
+26.28m NOK +58.16m NOK
+121.3%
Equity
41.53m NOK 6.10bn NOK
+14593.1%
Cash
27.37m NOK 68.03m NOK
+148.5%
Total assets
133.48m NOK 266.34m NOK
+99.5%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 582.94m NOK to 868.28m NOK (+48.9% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +33.20m NOK → +39.63m NOK (op. margin 5.7% → 4.6%). Calculated

  • ↑

    Net result improved

    Net result +26.28m NOK → +58.16m NOK (net margin 4.5% → 6.7%). Calculated

  • ↑

    Equity strengthened

    Book equity 41.53m NOK → 6.10bn NOK (equity ratio 31.1% → 2290.9%). Calculated

  • ↑

    Cash rose

    Bank deposits 27.37m NOK → 68.03m NOK (+148.5% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 26.69m NOK → 59.15m NOK (5% → 7% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 517.78m NOK → 738.70m NOK (+42.7% YoY). Calculated