FirmaIQ
Org.nr 917 997 500 2022 → 2023 Year-over-year analysis

AIR PRODUCTS AS: årsregnskap 2023 vs 2022

Grew 40% on revenue, cash halved-plus

registry 2024-05-28; journal 2024 387399

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2023 with 2022 for AIR PRODUCTS AS. Revenue 501.69m NOK → 701.72m NOK (+39.9%). Net result +131.65m NOK → +123.62m NOK. Equity 674.98m NOK → 179.84m NOK.

On the constructive side: revenue rose; operating result improved. Pressures included: net result weakened; equity eroded; 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
501.69m NOK 701.72m NOK
+39.9%
Operating result
+131.19m NOK +186.30m NOK
+42.0%
Net result
+131.65m NOK +123.62m NOK
-6.1%
Equity
674.98m NOK 179.84m NOK
-73.4%
Cash
35.21m NOK 15.02m NOK
-57.3%
Total assets
879.79m NOK 380.89m NOK
-56.7%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 501.69m NOK to 701.72m NOK (+39.9% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +131.19m NOK → +186.30m NOK (op. margin 26.1% → 26.5%). Calculated

What deteriorated

  • ↓

    Net result weakened

    Net result +131.65m NOK → +123.62m NOK (net margin 26.2% → 17.6%). Calculated

  • ↓

    Equity eroded

    Book equity 674.98m NOK → 179.84m NOK (equity ratio 76.7% → 47.2%). Calculated

  • ↓

    Cash fell

    Bank deposits 35.21m NOK → 15.02m NOK (-57.3% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 71.47m NOK → 4.10bn NOK (14% → 585% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 276.51m NOK → 381.46m NOK (+38.0% YoY). Calculated