OLYMPIC SUBSEA ASA: årsregnskap 2019 vs 2018
Grew 12% on revenue, weaker earnings
approved 2020-05-28; registry 2020-07-25; journal 2020 608173
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for OLYMPIC SUBSEA ASA. Revenue 562.11m NOK → 628.62m NOK (+11.8%). Net result -156.35m NOK → -275.22m NOK. Equity 8.24bn NOK → 8.12bn NOK.
On the constructive side: revenue rose; cash rose. Pressures included: net result weakened; equity eroded.
Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for OLYMPIC SUBSEA ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 562.11m NOK to 628.62m NOK (+11.8% YoY). Calculated
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↑
Cash rose
Bank deposits 85.6k NOK → 8.35m NOK (+9654.0% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result -156.35m NOK → -275.22m NOK (net margin -27.8% → -43.8%). Calculated
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↓
Equity eroded
Book equity 8.24bn NOK → 8.12bn NOK (equity ratio 1485.3% → 1961.6%). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 243.71m NOK → 117.90m NOK — check capital reduction, conversion, or reclassification. Interpretation