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Org.nr 954 690 873 2003 → 2004 Year-over-year analysis

ADIDAS NORGE AS: årsregnskap 2004 vs 2003

Grew 16% on revenue, returned to profit, cash halved-plus

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2004 with 2003 for ADIDAS NORGE AS. Revenue 279.86m NOK → 325.31m NOK (+16.2%). Net result -19.01m NOK → +5.40m NOK.

On the constructive side: revenue rose; turned profitable. Pressures included: cash fell.

Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for ADIDAS NORGE AS.

At a glance

Scorecard

Revenue
279.86m NOK 325.31m NOK
+16.2%
Operating result
n/m +74.1k NOK
—
Net result
-19.01m NOK +5.40m NOK
+128.4%
Cash
26.95m NOK 10.65m NOK
-60.5%
Total assets
81.39m NOK 57.92m NOK
-28.8%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 279.86m NOK to 325.31m NOK (+16.2% YoY). Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 19.01m NOK to a profit of 5.40m NOK. Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 26.95m NOK → 10.65m NOK (-60.5% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (26.95m NOK → 10.65m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation