FirmaIQ
Org.nr 917 997 500 2021 → 2022 Year-over-year analysis

AIR PRODUCTS AS: årsregnskap 2022 vs 2021

Grew 13% on revenue, stronger earnings

registry 2023-04-22; journal 2023 361233

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2022 with 2021 for AIR PRODUCTS AS. Revenue 445.82m NOK → 501.69m NOK (+12.5%). Net result +76.69m NOK → +131.65m NOK. Equity 543.33m NOK → 674.98m NOK.

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

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

At a glance

Scorecard

Revenue
445.82m NOK 501.69m NOK
+12.5%
Operating result
+88.25m NOK +131.19m NOK
+48.7%
Net result
+76.69m NOK +131.65m NOK
+71.7%
Equity
543.33m NOK 674.98m NOK
+24.2%
Cash
64.77m NOK 35.21m NOK
-45.6%
Total assets
698.18m NOK 879.79m NOK
+26.0%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 445.82m NOK to 501.69m NOK (+12.5% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +88.25m NOK → +131.19m NOK (op. margin 19.8% → 26.1%). Calculated

  • ↑

    Net result improved

    Net result +76.69m NOK → +131.65m NOK (net margin 17.2% → 26.2%). Calculated

  • ↑

    Equity strengthened

    Book equity 543.33m NOK → 674.98m NOK (equity ratio 77.8% → 76.7%). Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 64.77m NOK → 35.21m NOK (-45.6% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 61.30m NOK → 71.47m NOK (14% → 14% of revenue). Calculated

  • ·

    COGS fell

    COGS / varekostnad 278.64m NOK → 276.51m NOK (-0.8% YoY). Calculated