FirmaIQ
Org.nr 912 305 198 2020 → 2021 Year-over-year analysis

HYDROGENPRO ASA: årsregnskap 2021 vs 2020

Shrank 25% on revenue, weaker earnings

approved 2022-05-12; registry 2022-08-16; journal 2022 860194

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for HYDROGENPRO ASA. Revenue 26.69m NOK → 19.94m NOK (-25.3%). Net result -15.96m NOK → -47.59m NOK. Equity 5.52bn NOK → 5.52bn NOK.

On the constructive side: equity strengthened; owners injected capital. Pressures included: revenue fell; operating result weakened; net result weakened.

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

At a glance

Scorecard

Revenue
26.69m NOK 19.94m NOK
-25.3%
Operating result
-5.95m NOK -51.10m NOK
-758.3%
Net result
-15.96m NOK -47.59m NOK
-198.2%
Equity
5.52bn NOK 5.52bn NOK
+0.1%
Cash
506.11m NOK 380.69m NOK
-24.8%
Total assets
559.59m NOK 533.22m NOK
-4.7%

What improved

  • ↑

    Equity strengthened

    Book equity 5.52bn NOK → 5.52bn NOK (equity ratio 985.7% → 1035.2%). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 551.33m NOK → 603.00m NOK (+51.67m NOK). Reported fact

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 26.69m NOK to 19.94m NOK (-25.3% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result -5.95m NOK → -51.10m NOK (op. margin -22.3% → -256.3%). Calculated

  • ↓

    Net result weakened

    Net result -15.96m NOK → -47.59m NOK (net margin -59.8% → -238.7%). Calculated

  • ↓

    Cash fell

    Bank deposits 506.11m NOK → 380.69m NOK (-24.8% YoY). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 36.54m NOK → 115.18m NOK. Reported fact