FirmaIQ
Org.nr 917 997 500 2019 → 2020 Year-over-year analysis

AIR PRODUCTS AS: årsregnskap 2020 vs 2019

Weaker earnings

registry 2021-04-19; journal 2021 195981

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for AIR PRODUCTS AS. Revenue 393.85m NOK → 398.92m NOK (+1.3%). Net result +70.50m NOK → +53.80m NOK. Equity 412.83m NOK → 466.63m NOK.

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

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

At a glance

Scorecard

Revenue
393.85m NOK 398.92m NOK
+1.3%
Operating result
+80.37m NOK +76.22m NOK
-5.2%
Net result
+70.50m NOK +53.80m NOK
-23.7%
Equity
412.83m NOK 466.63m NOK
+13.0%
Cash
33.43m NOK 47.93m NOK
+43.4%
Total assets
553.62m NOK 574.83m NOK
+3.8%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 393.85m NOK to 398.92m NOK (+1.3% YoY). Calculated

  • ↑

    Equity strengthened

    Book equity 412.83m NOK → 466.63m NOK (equity ratio 74.6% → 81.2%). Calculated

  • ↑

    Cash rose

    Bank deposits 33.43m NOK → 47.93m NOK (+43.4% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 62.13m NOK → 59.30m NOK (16% → 15% of revenue). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +80.37m NOK → +76.22m NOK (op. margin 20.4% → 19.1%). Calculated

  • ↓

    Net result weakened

    Net result +70.50m NOK → +53.80m NOK (net margin 17.9% → 13.5%). Calculated

Things to notice

  • ·

    COGS moved

    COGS / varekostnad 228.40m NOK → 244.18m NOK (+6.9% YoY). Calculated