FirmaIQ
Org.nr 946 827 185 2019 → 2020 Year-over-year analysis

AET - ARBEIDSMILJØ OG ENERGITEKNIKK AS: årsregnskap 2020 vs 2019

Grew 46% on revenue, stronger earnings

approved 2021-06-29; registry 2021-07-26; journal 2021 535382

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for AET - ARBEIDSMILJØ OG ENERGITEKNIKK AS. Revenue 25.79m NOK → 37.60m NOK (+45.8%). Net result +1.92m NOK → +8.25m NOK. Equity 1.05m NOK → 1.05m NOK.

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

Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for AET - ARBEIDSMILJØ OG ENERGITEKNIKK AS.

At a glance

Scorecard

Revenue
25.79m NOK 37.60m NOK
+45.8%
Operating result
+2.46m NOK +10.55m NOK
+328.8%
Net result
+1.92m NOK +8.25m NOK
+329.3%
Equity
1.05m NOK 1.05m NOK
+0.0%
Cash
1.44m NOK 4.76m NOK
+231.6%
Total assets
8.29m NOK 16.07m NOK
+93.9%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 25.79m NOK to 37.60m NOK (+45.8% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +2.46m NOK → +10.55m NOK (op. margin 9.5% → 28.1%). Calculated

  • ↑

    Net result improved

    Net result +1.92m NOK → +8.25m NOK (net margin 7.4% → 21.9%). Calculated

  • ↑

    Cash rose

    Bank deposits 1.44m NOK → 4.76m NOK (+231.6% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 3.29m NOK → 2.95m NOK (13% → 8% of revenue). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 6.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    COGS moved

    COGS / varekostnad 16.28m NOK → 20.83m NOK (+27.9% YoY). Calculated