FirmaIQ
Org.nr 997 877 098 2018 → 2019 Year-over-year analysis

AHMAD HARMOUCH AS: årsregnskap 2019 vs 2018

Shrank 13% on revenue, weaker earnings

approved 2020-03-12; registry 2020-04-04; journal 2020 275458

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for AHMAD HARMOUCH AS. Revenue 66.45m NOK → 58.01m NOK (-12.7%). Net result +723.2k NOK → +503.1k NOK. Equity 1.19m NOK → 1.05m NOK.

On the constructive side: cash rose; current ratio back above 1×. 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 AHMAD HARMOUCH AS.

At a glance

Scorecard

Revenue
66.45m NOK 58.01m NOK
-12.7%
Operating result
+913.4k NOK +617.0k NOK
-32.4%
Net result
+723.2k NOK +503.1k NOK
-30.4%
Equity
1.19m NOK 1.05m NOK
-12.0%
Cash
2.70m NOK 2.95m NOK
+9.2%
Total assets
7.90m NOK 7.01m NOK
-11.2%

What improved

  • ↑

    Cash rose

    Bank deposits 2.70m NOK → 2.95m NOK (+9.2% YoY). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.97× → 1.07×. Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 66.45m NOK to 58.01m NOK (-12.7% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +913.4k NOK → +617.0k NOK (op. margin 1.4% → 1.1%). Calculated

  • ↓

    Net result weakened

    Net result +723.2k NOK → +503.1k NOK (net margin 1.1% → 0.9%). Calculated

  • ↓

    Equity eroded

    Book equity 1.19m NOK → 1.05m NOK (equity ratio 15.1% → 15.0%). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 55.38m NOK → 48.57m NOK (-12.3% YoY). Calculated