FirmaIQ
Org.nr 986 958 142 2020 → 2021 Year-over-year analysis

AIRPORT RETAIL NORWAY AS: årsregnskap 2021 vs 2020

Shrank 18% on revenue, stronger earnings

approved 2022-06-24; registry 2022-08-20; journal 2022 888818

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for AIRPORT RETAIL NORWAY AS. Revenue 190.92m NOK → 157.18m NOK (-17.7%). Net result -18.86m NOK → -11.99m NOK. Equity 44.43m NOK → 45.64m NOK.

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

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

At a glance

Scorecard

Revenue
190.92m NOK 157.18m NOK
-17.7%
Operating result
-20.14m NOK -14.96m NOK
+25.7%
Net result
-18.86m NOK -11.99m NOK
+36.4%
Equity
44.43m NOK 45.64m NOK
+2.7%
Cash
1.10m NOK 1.27m NOK
+16.1%
Total assets
123.16m NOK 127.43m NOK
+3.5%

What improved

  • ↑

    Operating result improved

    Operating result -20.14m NOK → -14.96m NOK (op. margin -10.5% → -9.5%). Calculated

  • ↑

    Net result improved

    Net result -18.86m NOK → -11.99m NOK (net margin -9.9% → -7.6%). Calculated

  • ↑

    Equity strengthened

    Book equity 44.43m NOK → 45.64m NOK (equity ratio 36.1% → 35.8%). Calculated

  • ↑

    Cash rose

    Bank deposits 1.10m NOK → 1.27m NOK (+16.1% YoY). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 44.43m NOK → 45.64m NOK (+1.21m NOK). Reported fact

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 190.92m NOK to 157.18m NOK (-17.7% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 104.22m NOK → 75.12m NOK (-27.9% YoY). Calculated