FirmaIQ
Org.nr 938 992 185 2019 → 2020 Year-over-year analysis

HEXAGON COMPOSITES ASA: årsregnskap 2020 vs 2019

Grew 50% on revenue, stronger earnings, fresh owner capital

approved 2021-04-28; registry 2021-08-14; journal 2021 612637

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for HEXAGON COMPOSITES ASA. Revenue 72.61m NOK → 108.84m NOK (+49.9%). Net result +163.7k NOK → +807.1k NOK. Equity 1.64m NOK → 2.51bn NOK.

On the constructive side: revenue rose; operating result improved; net result improved.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for HEXAGON COMPOSITES ASA.

At a glance

Scorecard

Revenue
72.61m NOK 108.84m NOK
+49.9%
Operating result
-24.74m NOK -16.77m NOK
+32.2%
Net result
+163.7k NOK +807.1k NOK
+393.1%
Equity
1.64m NOK 2.51bn NOK
+152790.1%
Cash
345.0k NOK 106.98m NOK
+30910.1%
Total assets
3.08m NOK 3.91bn NOK
+127024.7%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 72.61m NOK to 108.84m NOK (+49.9% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -24.74m NOK → -16.77m NOK (op. margin -34.1% → -15.4%). Calculated

  • ↑

    Net result improved

    Net result +163.7k NOK → +807.1k NOK (net margin 0.2% → 0.7%). Calculated

  • ↑

    Equity strengthened

    Book equity 1.64m NOK → 2.51bn NOK (equity ratio 53.4% → 64.3%). Calculated

  • ↑

    Cash rose

    Bank deposits 345.0k NOK → 106.98m NOK (+30910.1% YoY). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 367.0k NOK → 301.0k NOK. Reported fact