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Org.nr 954 690 873 2008 → 2009 Year-over-year analysis

ADIDAS NORGE AS: årsregnskap 2009 vs 2008

Shrank 13% on revenue, weaker earnings, cash halved-plus

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2009 with 2008 for ADIDAS NORGE AS. Revenue 390.41m NOK → 339.88m NOK (-12.9%). Net result +47.06m NOK → +6.96m NOK. Equity 27.53m NOK → 19.99m NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.

Net tougher year on the published lines.

At a glance

Scorecard

Revenue
390.41m NOK 339.88m NOK
-12.9%
Operating result
+59.16m NOK +8.71m NOK
-85.3%
Net result
+47.06m NOK +6.96m NOK
-85.2%
Equity
27.53m NOK 19.99m NOK
-27.4%
Cash
7.10m NOK 2.91m NOK
-59.1%
Total assets
143.74m NOK 75.39m NOK
-47.6%

What improved

  • ↑

    Payroll decreased

    Salary cost 21.46m NOK → 19.45m NOK (5% → 6% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 390.41m NOK to 339.88m NOK (-12.9% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +59.16m NOK → +8.71m NOK (op. margin 15.2% → 2.6%). Calculated

  • ↓

    Net result weakened

    Net result +47.06m NOK → +6.96m NOK (net margin 12.1% → 2.0%). Calculated

  • ↓

    Equity eroded

    Book equity 27.53m NOK → 19.99m NOK (equity ratio 19.2% → 26.5%). Calculated

  • ↓

    Cash fell

    Bank deposits 7.10m NOK → 2.91m NOK (-59.1% YoY). Calculated