AIR-TECH AS: årsregnskap 2019 vs 2018
Grew 41% on revenue, stronger earnings
approved 2020-08-25; registry 2020-10-01; journal 2020 889736
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AIR-TECH AS. Revenue 4.12m NOK → 5.79m NOK (+40.6%). Net result +224.9k NOK → +659.2k NOK. Equity 272.8k NOK → 917.0k 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-TECH AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 4.12m NOK to 5.79m NOK (+40.6% YoY). Calculated
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Operating result improved
Operating result +286.7k NOK → +839.7k NOK (op. margin 7.0% → 14.5%). Calculated
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Net result improved
Net result +224.9k NOK → +659.2k NOK (net margin 5.5% → 11.4%). Calculated
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Equity strengthened
Book equity 272.8k NOK → 917.0k NOK (equity ratio 19.4% → 45.8%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 400.9k NOK → 286.3k NOK (-28.6% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 2.30m NOK → 2.99m NOK (56% → 52% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 1.04m NOK → 1.24m NOK (+19.7% YoY). Calculated