FirmaIQ
Org.nr 982 228 220 2016 → 2017 Year-over-year analysis

AIRGENIC AS: årsregnskap 2017 vs 2016

Shrank 6% on revenue, weaker earnings

approved 2018-06-11; registry 2018-07-04; journal 2018 611395

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for AIRGENIC AS. Revenue 4.69m NOK → 4.39m NOK (-6.5%). Net result +576.9k NOK → +137.7k NOK. Equity 2.30m NOK → 2.44m NOK.

On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for AIRGENIC AS.

At a glance

Scorecard

Revenue
4.69m NOK 4.39m NOK
-6.5%
Operating result
+584.4k NOK +189.4k NOK
-67.6%
Net result
+576.9k NOK +137.7k NOK
-76.1%
Equity
2.30m NOK 2.44m NOK
+6.0%
Cash
1.78m NOK 1.19m NOK
-32.7%
Total assets
3.06m NOK 3.13m NOK
+2.1%

What improved

  • ↑

    Equity strengthened

    Book equity 2.30m NOK → 2.44m NOK (equity ratio 75.2% → 78.0%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 4.69m NOK to 4.39m NOK (-6.5% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +584.4k NOK → +189.4k NOK (op. margin 12.5% → 4.3%). Calculated

  • ↓

    Net result weakened

    Net result +576.9k NOK → +137.7k NOK (net margin 12.3% → 3.1%). Calculated

  • ↓

    Cash fell

    Bank deposits 1.78m NOK → 1.19m NOK (-32.7% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 2.17m NOK → 2.41m NOK (46% → 55% of revenue). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 1.06m NOK → 1.03m NOK (-2.8% YoY). Calculated