FirmaIQ
Org.nr 917 997 500 2018 → 2019 Year-over-year analysis

AIR PRODUCTS AS: årsregnskap 2019 vs 2018

Grew 37% on revenue, stronger earnings

approved 2020-02-24; registry 2020-03-30; journal 2020 264417

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for AIR PRODUCTS AS. Revenue 288.24m NOK → 393.85m NOK (+36.6%). Net result +46.51m NOK → +70.50m NOK. Equity 342.33m NOK → 412.83m NOK.

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

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

At a glance

Scorecard

Revenue
288.24m NOK 393.85m NOK
+36.6%
Operating result
n/m +80.37m NOK
—
Net result
+46.51m NOK +70.50m NOK
+51.6%
Equity
342.33m NOK 412.83m NOK
+20.6%
Cash
38.17m NOK 33.43m NOK
-12.4%
Total assets
439.95m NOK 553.62m NOK
+25.8%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 288.24m NOK to 393.85m NOK (+36.6% YoY). Calculated

  • ↑

    Net result improved

    Net result +46.51m NOK → +70.50m NOK (net margin 16.1% → 17.9%). Calculated

  • ↑

    Equity strengthened

    Book equity 342.33m NOK → 412.83m NOK (equity ratio 77.8% → 74.6%). Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 38.17m NOK → 33.43m NOK (-12.4% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 58.84m NOK → 62.13m NOK (20% → 16% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 149.38m NOK → 228.40m NOK (+52.9% YoY). Calculated