FirmaIQ
Org.nr 976 094 727 2019 → 2020 Year-over-year analysis

AE GRUPPEN AS: årsregnskap 2020 vs 2019

Shrank 16% on revenue, stronger earnings, cash halved-plus

approved 2021-02-17; registry 2021-03-01; journal 2021 129814

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for AE GRUPPEN AS. Revenue 11.46m NOK → 9.65m NOK (-15.8%). Net result +3.61m NOK → +7.16m NOK. Equity 75.04m NOK → 73.92m NOK.

On the constructive side: net result improved; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; equity eroded.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for AE GRUPPEN AS.

At a glance

Scorecard

Revenue
11.46m NOK 9.65m NOK
-15.8%
Operating result
+14.87m NOK +12.68m NOK
-14.7%
Net result
+3.61m NOK +7.16m NOK
+98.5%
Equity
75.04m NOK 73.92m NOK
-1.5%
Cash
912.3k NOK 407.5k NOK
-55.3%
Total assets
118.34m NOK 102.84m NOK
-13.1%

What improved

  • ↑

    Net result improved

    Net result +3.61m NOK → +7.16m NOK (net margin 31.5% → 74.2%). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.84× → 2.03×. Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 11.46m NOK to 9.65m NOK (-15.8% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +14.87m NOK → +12.68m NOK (op. margin 129.8% → 131.4%). Calculated

  • ↓

    Equity eroded

    Book equity 75.04m NOK → 73.92m NOK (equity ratio 63.4% → 71.9%). Calculated

  • ↓

    Cash fell

    Bank deposits 912.3k NOK → 407.5k NOK (-55.3% YoY). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 2.13m NOK → 49.02m NOK. Reported fact