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Org.nr 954 690 873 2010 → 2011 Year-over-year analysis

ADIDAS NORGE AS: årsregnskap 2011 vs 2010

Grew 14% on revenue, stronger earnings

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2011 with 2010 for ADIDAS NORGE AS. Revenue 356.09m NOK → 406.52m NOK (+14.2%). Net result +8.12m NOK → +18.45m NOK. Equity 19.61m NOK → 20.06m NOK.

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

Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for ADIDAS NORGE AS.

At a glance

Scorecard

Revenue
356.09m NOK 406.52m NOK
+14.2%
Operating result
+10.57m NOK +11.80m NOK
+11.7%
Net result
+8.12m NOK +18.45m NOK
+127.2%
Equity
19.61m NOK 20.06m NOK
+2.3%
Cash
2.87m NOK 7.26m NOK
+152.5%
Total assets
60.73m NOK 71.52m NOK
+17.8%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 356.09m NOK to 406.52m NOK (+14.2% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +10.57m NOK → +11.80m NOK (op. margin 3.0% → 2.9%). Calculated

  • ↑

    Net result improved

    Net result +8.12m NOK → +18.45m NOK (net margin 2.3% → 4.5%). Calculated

  • ↑

    Equity strengthened

    Book equity 19.61m NOK → 20.06m NOK (equity ratio 32.3% → 28.1%). Calculated

  • ↑

    Cash rose

    Bank deposits 2.87m NOK → 7.26m NOK (+152.5% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 21.74m NOK → 25.69m NOK (6% → 6% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 258.72m NOK → 1.28bn NOK (+395.2% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 14.55m NOK → 14.57m NOK. Reported fact