HÖEGH AUTOLINERS ASA: årsregnskap 2020 vs 2019
Shrank 20% on revenue, stronger earnings, cash halved-plus
approved 2021-06-30; registry 2021-08-11; journal 2021 600520
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for HÖEGH AUTOLINERS ASA. Revenue 936.11m NOK → 747.10m NOK (-20.2%). Net result -171.65m NOK → -8.57m NOK. Equity 694.99m NOK → 686.42m NOK.
On the constructive side: net result improved. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for HÖEGH AUTOLINERS ASA.
At a glance
Scorecard
What improved
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Net result improved
Net result -171.65m NOK → -8.57m NOK (net margin -18.3% → -1.1%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 936.11m NOK to 747.10m NOK (-20.2% YoY). Calculated
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↓
Operating result weakened
Operating result -237.0k NOK → -303.0k NOK (op. margin -0.0% → -0.0%). Calculated
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↓
Equity eroded
Book equity 694.99m NOK → 686.42m NOK (equity ratio 52.1% → 55.7%). Calculated
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↓
Cash fell
Bank deposits 43.95m NOK → 16.51m NOK (-62.4% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (43.95m NOK → 16.51m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 1.21bn NOK → 1.15bn NOK. Reported fact