FirmaIQ
Org.nr 979 515 715 2018 → 2019 Year-over-year analysis

ADVENT NORWAY AS: årsregnskap 2019 vs 2018

Shrank 7% on revenue, stronger earnings

approved 2020-05-15; registry 2020-06-20; journal 2020 459800

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ADVENT NORWAY AS. Revenue 18.55m NOK → 17.28m NOK (-6.8%). Net result +55.6k NOK → +1.28m NOK. Equity 2.50m NOK → 3.78m NOK.

On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell.

Net constructive year on the published lines.

At a glance

Scorecard

Revenue
18.55m NOK 17.28m NOK
-6.8%
Operating result
+1.60m NOK +1.62m NOK
+1.1%
Net result
+55.6k NOK +1.28m NOK
+2196.5%
Equity
2.50m NOK 3.78m NOK
+51.1%
Cash
422.3k NOK 2.42m NOK
+472.4%
Total assets
5.83m NOK 7.25m NOK
+24.5%

What improved

  • ↑

    Operating result improved

    Operating result +1.60m NOK → +1.62m NOK (op. margin 8.6% → 9.4%). Calculated

  • ↑

    Net result improved

    Net result +55.6k NOK → +1.28m NOK (net margin 0.3% → 7.4%). Calculated

  • ↑

    Equity strengthened

    Book equity 2.50m NOK → 3.78m NOK (equity ratio 42.9% → 52.1%). Calculated

  • ↑

    Cash rose

    Bank deposits 422.3k NOK → 2.42m NOK (+472.4% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 13.06m NOK → 12.57m NOK (70% → 73% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 18.55m NOK to 17.28m NOK (-6.8% YoY). Calculated