FirmaIQ
Org.nr 927 124 238 2017 → 2018 Year-over-year analysis

TOMRA SYSTEMS ASA: årsregnskap 2018 vs 2017

Weaker earnings, cash halved-plus

approved 2019-05-06; registry 2019-06-06; journal 2019 385472

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for TOMRA SYSTEMS ASA. Revenue 1.35bn NOK → 1.35bn NOK (+0.4%). Net result +426.00m NOK → +779.0k NOK. Equity 1.82bn NOK → 1.58bn NOK.

On the constructive side: revenue rose. Pressures included: net result weakened; equity eroded; cash fell.

Also worth watching: sharp cash drawdown; payroll increased; cogs fell. All figures are taken from the published annual accounts for TOMRA SYSTEMS ASA.

At a glance

Scorecard

Revenue
1.35bn NOK 1.35bn NOK
+0.4%
Net result
+426.00m NOK +779.0k NOK
-99.8%
Equity
1.82bn NOK 1.58bn NOK
-13.1%
Cash
71.00m NOK 13.00m NOK
-81.7%
Total assets
5.08bn NOK 5.35bn NOK
+5.2%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 1.35bn NOK to 1.35bn NOK (+0.4% YoY). Calculated

What deteriorated

  • ↓

    Net result weakened

    Net result +426.00m NOK → +779.0k NOK (net margin 31.6% → 0.1%). Calculated

  • ↓

    Equity eroded

    Book equity 1.82bn NOK → 1.58bn NOK (equity ratio 35.7% → 29.5%). Calculated

  • ↓

    Cash fell

    Bank deposits 71.00m NOK → 13.00m NOK (-81.7% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (71.00m NOK → 13.00m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    Payroll increased

    Salary cost 17.19m NOK → 17.25m NOK (1% → 1% of revenue). Calculated

  • ·

    COGS fell

    COGS / varekostnad 2.70m NOK → 2.68m NOK (-0.7% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 4.16bn NOK → 4.88bn NOK. Reported fact