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Org.nr 996 819 884 2019 → 2020 Year-over-year analysis

SOILTECH ASA: årsregnskap 2020 vs 2019

Grew 25% on revenue

approved 2021-03-25; registry 2021-07-06; journal 2021 452941

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for SOILTECH ASA. Revenue 65.36m NOK → 81.92m NOK (+25.3%). Net result +2.69m NOK → +3.11m NOK. Equity 89.78m NOK → 92.89m NOK.

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

Also worth watching: cogs moved; book investments changed. All figures are taken from the published annual accounts for SOILTECH ASA.

At a glance

Scorecard

Revenue
65.36m NOK 81.92m NOK
+25.3%
Operating result
+4.30m NOK +5.17m NOK
+20.4%
Net result
+2.69m NOK +3.11m NOK
+15.6%
Equity
89.78m NOK 92.89m NOK
+3.5%
Cash
27.11m NOK 35.95m NOK
+32.6%
Total assets
136.60m NOK 147.57m NOK
+8.0%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 65.36m NOK to 81.92m NOK (+25.3% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +4.30m NOK → +5.17m NOK (op. margin 6.6% → 6.3%). Calculated

  • ↑

    Net result improved

    Net result +2.69m NOK → +3.11m NOK (net margin 4.1% → 3.8%). Calculated

  • ↑

    Equity strengthened

    Book equity 89.78m NOK → 92.89m NOK (equity ratio 65.7% → 62.9%). Calculated

  • ↑

    Cash rose

    Bank deposits 27.11m NOK → 35.95m NOK (+32.6% YoY). Calculated

Things to notice

  • ·

    COGS moved

    COGS / varekostnad 30.98m NOK → 37.07m NOK (+19.7% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 854.8k NOK → 103.3k NOK. Reported fact