FirmaIQ
Org.nr 917 997 500 2023 → 2024 Year-over-year analysis

AIR PRODUCTS AS: årsregnskap 2024 vs 2023

Grew 16% on revenue, stronger earnings

registry 2025-05-27; journal 2025 433492

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2024 with 2023 for AIR PRODUCTS AS. Revenue 701.72m NOK → 815.13m NOK (+16.2%). Net result +123.62m NOK → +171.18m NOK. Equity 179.84m NOK → 351.02m NOK.

On the constructive side: revenue rose; operating result improved; net result improved. 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
701.72m NOK 815.13m NOK
+16.2%
Operating result
+186.30m NOK +224.32m NOK
+20.4%
Net result
+123.62m NOK +171.18m NOK
+38.5%
Equity
179.84m NOK 351.02m NOK
+95.2%
Cash
15.02m NOK 8.12m NOK
-45.9%
Total assets
380.89m NOK 586.93m NOK
+54.1%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 701.72m NOK to 815.13m NOK (+16.2% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +186.30m NOK → +224.32m NOK (op. margin 26.5% → 27.5%). Calculated

  • ↑

    Net result improved

    Net result +123.62m NOK → +171.18m NOK (net margin 17.6% → 21.0%). Calculated

  • ↑

    Equity strengthened

    Book equity 179.84m NOK → 351.02m NOK (equity ratio 47.2% → 59.8%). Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 15.02m NOK → 8.12m NOK (-45.9% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 4.10bn NOK → 5.11bn NOK (585% → 627% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 381.46m NOK → 3.44bn NOK (+802.2% YoY). Calculated