AIR TRADE SUPPORT AS: årsregnskap 2024 vs 2023
Shrank 48% on revenue, weaker earnings, cash halved-plus
approved 2025-05-28; registry 2025-07-28; journal 2025 708383
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for AIR TRADE SUPPORT AS. Revenue 665.31m NOK → 344.47m NOK (-48.2%). Net result +17.95m NOK → +11.50m NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for AIR TRADE SUPPORT AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 20.24m NOK → 19.97m NOK (3% → 6% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 665.31m NOK to 344.47m NOK (-48.2% YoY). Calculated
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↓
Operating result weakened
Operating result +26.28m NOK → +14.34m NOK (op. margin 3.9% → 4.2%). Calculated
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↓
Net result weakened
Net result +17.95m NOK → +11.50m NOK (net margin 2.7% → 3.3%). Calculated
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↓
Cash fell
Bank deposits 39.47m NOK → 15.66m NOK (-60.3% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (39.47m NOK → 15.66m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 3.37m NOK → 212.5k NOK. Reported fact