FirmaIQ
Org.nr 917 997 500 2015 → 2016 Year-over-year analysis

AIR PRODUCTS AS: årsregnskap 2016 vs 2015

Shrank 41% on revenue, weaker earnings

approved 2016-12-07; registry 2017-04-22; journal 2017 284193

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2016 with 2015 for AIR PRODUCTS AS. Revenue 467.22m NOK → 276.22m NOK (-40.9%). Net result +55.00m NOK → +19.75m NOK. Equity 236.73m NOK → 256.48m NOK.

On the constructive side: equity strengthened; cash rose. Pressures included: revenue fell; net result weakened; payroll up without matching revenue.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for AIR PRODUCTS AS.

At a glance

Scorecard

Revenue
467.22m NOK 276.22m NOK
-40.9%
Operating result
n/m +29.27m NOK
—
Net result
+55.00m NOK +19.75m NOK
-64.1%
Equity
236.73m NOK 256.48m NOK
+8.3%
Cash
21.23m NOK 23.85m NOK
+12.3%
Total assets
386.13m NOK 358.35m NOK
-7.2%

What improved

  • ↑

    Equity strengthened

    Book equity 236.73m NOK → 256.48m NOK (equity ratio 61.3% → 71.6%). Calculated

  • ↑

    Cash rose

    Bank deposits 21.23m NOK → 23.85m NOK (+12.3% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 467.22m NOK to 276.22m NOK (-40.9% YoY). Calculated

  • ↓

    Net result weakened

    Net result +55.00m NOK → +19.75m NOK (net margin 11.8% → 7.2%). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 55.45m NOK → 60.02m NOK (12% → 22% of revenue). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 303.61m NOK → 167.31m NOK (-44.9% YoY). Calculated