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Org.nr 999 156 142 2017 → 2018 Year-over-year analysis

AIR-PRODUCT NORGE AS: årsregnskap 2018 vs 2017

Grew 35% on revenue, weaker earnings

approved 2019-05-27; registry 2019-06-19; journal 2019 478019

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for AIR-PRODUCT NORGE AS. Revenue 13.19m NOK → 17.76m NOK (+34.6%). Net result +225.0k NOK → +124.6k NOK. Equity 2.40m NOK → 2.22m NOK.

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

Also worth watching: cogs moved. All figures are taken from the published annual accounts for AIR-PRODUCT NORGE AS.

At a glance

Scorecard

Revenue
13.19m NOK 17.76m NOK
+34.6%
Operating result
+273.3k NOK +101.7k NOK
-62.8%
Net result
+225.0k NOK +124.6k NOK
-44.6%
Equity
2.40m NOK 2.22m NOK
-7.3%
Cash
1.00m NOK 2.23m NOK
+122.1%
Total assets
4.81m NOK 5.60m NOK
+16.3%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 13.19m NOK to 17.76m NOK (+34.6% YoY). Calculated

  • ↑

    Cash rose

    Bank deposits 1.00m NOK → 2.23m NOK (+122.1% YoY). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +273.3k NOK → +101.7k NOK (op. margin 2.1% → 0.6%). Calculated

  • ↓

    Net result weakened

    Net result +225.0k NOK → +124.6k NOK (net margin 1.7% → 0.7%). Calculated

  • ↓

    Equity eroded

    Book equity 2.40m NOK → 2.22m NOK (equity ratio 49.8% → 39.6%). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 1.92× → 0.66× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

Things to notice

  • ·

    COGS moved

    COGS / varekostnad 7.02m NOK → 10.89m NOK (+55.1% YoY). Calculated