AIR-TECH AS: årsregnskap 2018 vs 2017
Shrank 18% on revenue, weaker earnings
approved 2019-04-04; registry 2019-04-24; journal 2019 285048
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AIR-TECH AS. Revenue 4.99m NOK → 4.12m NOK (-17.5%). Net result +563.9k NOK → +224.9k NOK. Equity 272.9k NOK → 272.8k NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Net tougher year on the published lines.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 4.99m NOK to 4.12m NOK (-17.5% YoY). Calculated
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↓
Operating result weakened
Operating result +742.6k NOK → +286.7k NOK (op. margin 14.9% → 7.0%). Calculated
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↓
Net result weakened
Net result +563.9k NOK → +224.9k NOK (net margin 11.3% → 5.5%). Calculated
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↓
Cash fell
Bank deposits 587.6k NOK → 400.9k NOK (-31.8% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 2.23m NOK → 2.30m NOK (45% → 56% of revenue). Calculated