FirmaIQ
Org.nr 917 997 500 2016 → 2017 Year-over-year analysis

AIR PRODUCTS AS: årsregnskap 2017 vs 2016

Shrank 17% on revenue, stronger earnings

approved 2018-01-30; registry 2018-03-15; journal 2018 232232

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for AIR PRODUCTS AS. Revenue 276.22m NOK → 230.56m NOK (-16.5%). Net result +19.75m NOK → +39.35m NOK. Equity 256.48m NOK → 295.83m NOK.

On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell.

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

At a glance

Scorecard

Revenue
276.22m NOK 230.56m NOK
-16.5%
Operating result
+29.27m NOK +39.80m NOK
+36.0%
Net result
+19.75m NOK +39.35m NOK
+99.3%
Equity
256.48m NOK 295.83m NOK
+15.3%
Cash
23.85m NOK 32.60m NOK
+36.7%
Total assets
358.35m NOK 387.72m NOK
+8.2%

What improved

  • ↑

    Operating result improved

    Operating result +29.27m NOK → +39.80m NOK (op. margin 10.6% → 17.3%). Calculated

  • ↑

    Net result improved

    Net result +19.75m NOK → +39.35m NOK (net margin 7.2% → 17.1%). Calculated

  • ↑

    Equity strengthened

    Book equity 256.48m NOK → 295.83m NOK (equity ratio 71.6% → 76.3%). Calculated

  • ↑

    Cash rose

    Bank deposits 23.85m NOK → 32.60m NOK (+36.7% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 60.02m NOK → 51.26m NOK (22% → 22% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 276.22m NOK to 230.56m NOK (-16.5% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 167.31m NOK → 121.85m NOK (-27.2% YoY). Calculated