FirmaIQ
Org.nr 917 997 500 2020 → 2021 Year-over-year analysis

AIR PRODUCTS AS: årsregnskap 2021 vs 2020

Grew 12% on revenue, stronger earnings

registry 2022-03-28; journal 2022 163655

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for AIR PRODUCTS AS. Revenue 398.92m NOK → 445.82m NOK (+11.8%). Net result +53.80m NOK → +76.69m NOK. Equity 466.63m NOK → 543.33m NOK.

On the constructive side: revenue rose; operating result improved; net result improved.

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
398.92m NOK 445.82m NOK
+11.8%
Operating result
+76.22m NOK +88.25m NOK
+15.8%
Net result
+53.80m NOK +76.69m NOK
+42.6%
Equity
466.63m NOK 543.33m NOK
+16.4%
Cash
47.93m NOK 64.77m NOK
+35.1%
Total assets
574.83m NOK 698.18m NOK
+21.5%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 398.92m NOK to 445.82m NOK (+11.8% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +76.22m NOK → +88.25m NOK (op. margin 19.1% → 19.8%). Calculated

  • ↑

    Net result improved

    Net result +53.80m NOK → +76.69m NOK (net margin 13.5% → 17.2%). Calculated

  • ↑

    Equity strengthened

    Book equity 466.63m NOK → 543.33m NOK (equity ratio 81.2% → 77.8%). Calculated

  • ↑

    Cash rose

    Bank deposits 47.93m NOK → 64.77m NOK (+35.1% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 59.30m NOK → 61.30m NOK (15% → 14% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 244.18m NOK → 278.64m NOK (+14.1% YoY). Calculated