ADVISION AS: årsregnskap 2020 vs 2019
Shrank 11% on revenue, weaker earnings
approved 2020-12-31; registry 2021-08-05; journal 2021 610835
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVISION AS. Revenue 2.45m NOK → 2.18m NOK (-10.8%). Net result +190.9k NOK → +13.9k NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADVISION AS.
At a glance
Scorecard
Revenue
2.45m NOK
2.18m NOK
-10.8%
Operating result
+244.3k NOK
+27.5k NOK
-88.7%
Net result
+190.9k NOK
+13.9k NOK
-92.7%
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 2.45m NOK to 2.18m NOK (-10.8% YoY). Calculated
-
↓
Operating result weakened
Operating result +244.3k NOK → +27.5k NOK (op. margin 10.0% → 1.3%). Calculated
-
↓
Net result weakened
Net result +190.9k NOK → +13.9k NOK (net margin 7.8% → 0.6%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 582.2k NOK → 384.4k NOK (-34.0% YoY). Calculated