ADVENIO AS: årsregnskap 2018 vs 2017
Shrank 12% on revenue, weaker earnings
approved 2019-02-14; registry 2019-03-13; journal 2019 234303
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADVENIO AS. Revenue 5.47m NOK → 4.80m NOK (-12.2%). Net result +837.8k NOK → +391.8k NOK. Equity 1 140 NOK → 1.23m NOK.
On the constructive side: equity strengthened; cash rose. Pressures included: revenue fell; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADVENIO AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 1 140 NOK → 1.23m NOK (equity ratio 0.0% → 39.0%). Calculated
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↑
Cash rose
Bank deposits 1.77m NOK → 2.69m NOK (+52.2% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 5.47m NOK to 4.80m NOK (-12.2% YoY). Calculated
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↓
Net result weakened
Net result +837.8k NOK → +391.8k NOK (net margin 15.3% → 8.2%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 232.4k NOK → 120.0k NOK (-48.4% YoY). Calculated