ELMERA GROUP ASA: årsregnskap 2018 vs 2017
Grew 51% on revenue, weaker earnings
approved 2019-03-28; registry 2019-07-15; journal 2019 708450
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ELMERA GROUP ASA. Revenue 4.46bn NOK → 6.72bn NOK (+50.7%). Net result +251.94m NOK → +253.6k NOK. Equity 865.59m NOK → 915.0k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for ELMERA GROUP ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 4.46bn NOK to 6.72bn NOK (+50.7% YoY). Calculated
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↑
Cash rose
Bank deposits 363.2k NOK → 381.4k NOK (+5.0% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +322.62m NOK → +326.9k NOK (op. margin 7.2% → 0.0%). Calculated
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↓
Net result weakened
Net result +251.94m NOK → +253.6k NOK (net margin 5.6% → 0.0%). Calculated
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↓
Equity eroded
Book equity 865.59m NOK → 915.0k NOK (equity ratio 89.6% → 79.0%). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 734.03m NOK → 733.90m NOK — check capital reduction, conversion, or reclassification. Interpretation