FirmaIQ
Org.nr 954 690 873 2018 → 2019 Year-over-year analysis

ADIDAS NORGE AS: årsregnskap 2019 vs 2018

Grew 6% on revenue

approved 2020-09-09; registry 2020-10-13; journal 2020 933714

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ADIDAS NORGE AS. Revenue 604.13m NOK → 637.38m NOK (+5.5%). Net result +11.08m NOK → +12.74m NOK. Equity 18.77m NOK → 19.51m NOK.

On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: current ratio dropped below 1×.

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

At a glance

Scorecard

Revenue
604.13m NOK 637.38m NOK
+5.5%
Operating result
n/m +17.65m NOK
—
Net result
+11.08m NOK +12.74m NOK
+15.0%
Equity
18.77m NOK 19.51m NOK
+3.9%
Cash
816.6k NOK 2.50m NOK
+206.5%
Total assets
138.60m NOK 142.24m NOK
+2.6%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 604.13m NOK to 637.38m NOK (+5.5% YoY). Calculated

  • ↑

    Net result improved

    Net result +11.08m NOK → +12.74m NOK (net margin 1.8% → 2.0%). Calculated

  • ↑

    Equity strengthened

    Book equity 18.77m NOK → 19.51m NOK (equity ratio 13.5% → 13.7%). Calculated

  • ↑

    Cash rose

    Bank deposits 816.6k NOK → 2.50m NOK (+206.5% YoY). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 11.93m NOK → 13.25m NOK (+1.32m NOK). Reported fact

What deteriorated

  • ↓

    Current ratio dropped below 1×

    Current ratio 1.04× → 0.98× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 18.63m NOK → 24.37m NOK (3% → 4% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 493.61m NOK → 511.04m NOK (+3.5% YoY). Calculated