ELMERA GROUP ASA: årsregnskap 2019 vs 2018
Grew 6% on revenue, stronger earnings
approved 2020-04-22; registry 2020-05-19; journal 2020 360271
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ELMERA GROUP ASA. Revenue 6.72bn NOK → 7.12bn NOK (+6.0%). Net result +253.6k NOK → +383.5k NOK. Equity 915.0k NOK → 987.9k NOK.
On the constructive side: revenue rose; operating result improved; net result improved.
Also worth watching: thin equity buffer. 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 6.72bn NOK to 7.12bn NOK (+6.0% YoY). Calculated
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Operating result improved
Operating result +326.9k NOK → +482.7k NOK (op. margin 0.0% → 0.0%). Calculated
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Net result improved
Net result +253.6k NOK → +383.5k NOK (net margin 0.0% → 0.0%). Calculated
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Equity strengthened
Book equity 915.0k NOK → 987.9k NOK (equity ratio 79.0% → 0.1%). Calculated
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Cash rose
Bank deposits 381.4k NOK → 775.5k NOK (+103.3% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation