FirmaIQ
Org.nr 889 558 652 2007 → 2008 Year-over-year analysis

AIR-TECH AS: årsregnskap 2008 vs 2007

Shrank 76% on revenue, stronger earnings

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2008 with 2007 for AIR-TECH AS. Revenue 13.44m NOK → 3.25m NOK (-75.8%). Net result +500.3k NOK → +856.0k NOK. Equity 901.8k NOK → 245.8k NOK.

On the constructive side: net result improved; payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.

Mixed year — gains and pressures both show up.

At a glance

Scorecard

Revenue
13.44m NOK 3.25m NOK
-75.8%
Operating result
+687.8k NOK +87.2k NOK
-87.3%
Net result
+500.3k NOK +856.0k NOK
+71.1%
Equity
901.8k NOK 245.8k NOK
-72.7%
Cash
9.98m NOK n/m
—
Total assets
3.06m NOK 856.6k NOK
-72.0%

What improved

  • ↑

    Net result improved

    Net result +500.3k NOK → +856.0k NOK (net margin 3.7% → 26.3%). Calculated

  • ↑

    Payroll decreased

    Salary cost 9.70m NOK → 2.89m NOK (72% → 89% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 13.44m NOK to 3.25m NOK (-75.8% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +687.8k NOK → +87.2k NOK (op. margin 5.1% → 2.7%). Calculated

  • ↓

    Equity eroded

    Book equity 901.8k NOK → 245.8k NOK (equity ratio 29.4% → 28.7%). Calculated