HEXAGON COMPOSITES ASA: årsregnskap 2019 vs 2018
Grew 90% on revenue, weaker earnings, fresh owner capital
approved 2020-04-22; registry 2020-09-05; journal 2020 739622
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for HEXAGON COMPOSITES ASA. Revenue 38.20m NOK → 72.61m NOK (+90.1%). Net result +141.46m NOK → +163.7k NOK. Equity 982.8k NOK → 1.64m NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened; current ratio dropped below 1×.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for HEXAGON COMPOSITES ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 38.20m NOK to 72.61m NOK (+90.1% YoY). Calculated
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Equity strengthened
Book equity 982.8k NOK → 1.64m NOK (equity ratio 0.1% → 53.4%). Calculated
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Cash rose
Bank deposits 857 NOK → 345.0k NOK (+40156.7% YoY). Calculated
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Owners injected capital
Paid-in equity rose 773.8k NOK → 1.27m NOK (+496.2k NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result +140.20m NOK → -24.74m NOK (op. margin 367.0% → -34.1%). Calculated
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Net result weakened
Net result +141.46m NOK → +163.7k NOK (net margin 370.3% → 0.2%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 3.13× → 0.94× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Book investments changed
Investment / intangible book value 367 NOK → 367.0k NOK. Reported fact