ELKEM ASA: årsregnskap 2019 vs 2018
Shrank 10% on revenue, stronger earnings
approved 2020-05-08; registry 2020-07-08; journal 2020 548966
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ELKEM ASA. Revenue 6.94bn NOK → 6.27bn NOK (-9.7%). Net result +772.0k NOK → +897.00m NOK. Equity 8.86bn NOK → 9.15bn NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell.
Also worth watching: paid-in equity reduced; cogs fell; book investments changed. All figures are taken from the published annual accounts for ELKEM ASA.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result +263.00m NOK → +371.00m NOK (op. margin 3.8% → 5.9%). Calculated
-
↑
Net result improved
Net result +772.0k NOK → +897.00m NOK (net margin 0.0% → 14.3%). Calculated
-
↑
Equity strengthened
Book equity 8.86bn NOK → 9.15bn NOK (equity ratio 40.2% → 41.3%). Calculated
-
↑
Cash rose
Bank deposits 5.60m NOK → 3.51bn NOK (+62659.1% YoY). Calculated
-
↑
Payroll decreased
Salary cost 1.03m NOK → 185.0k NOK (0% → 0% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 6.94bn NOK to 6.27bn NOK (-9.7% YoY). Calculated
Things to notice
-
·
Paid-in equity reduced
Paid-in equity fell 6.59bn NOK → 6.27bn NOK — check capital reduction, conversion, or reclassification. Interpretation
-
·
COGS fell
COGS / varekostnad 3.46bn NOK → 2.83bn NOK (-18.2% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 11.56bn NOK → 12.53bn NOK. Reported fact