FirmaIQ
Org.nr 965 920 358 2017 → 2018 Year-over-year analysis

NORWEGIAN AIR SHUTTLE ASA: årsregnskap 2018 vs 2017

Grew 25% on revenue, slipped into loss, cash halved-plus

approved 2019-03-20; registry 2019-08-21; journal 2019 926290

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for NORWEGIAN AIR SHUTTLE ASA. Revenue 19.93bn NOK → 25.01bn NOK (+25.5%). Net result +519.62m NOK → -3.50m NOK. Equity 9.10bn NOK → 6.29bn NOK.

On the constructive side: revenue rose; owners injected capital. Pressures included: operating result weakened; fell into a net loss; equity eroded.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for NORWEGIAN AIR SHUTTLE ASA.

At a glance

Scorecard

Revenue
19.93bn NOK 25.01bn NOK
+25.5%
Operating result
-1.96m NOK -4.93bn NOK
-251144.2%
Net result
+519.62m NOK -3.50m NOK
-100.7%
Equity
9.10bn NOK 6.29bn NOK
-30.9%
Cash
3.24bn NOK 1.43bn NOK
-55.9%
Total assets
37.40bn NOK 43.34bn NOK
+15.9%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 19.93bn NOK to 25.01bn NOK (+25.5% YoY). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 1.36bn NOK → 2.83bn NOK (+1.46bn NOK). Reported fact

What deteriorated

  • ↓

    Operating result weakened

    Operating result -1.96m NOK → -4.93bn NOK (op. margin -0.0% → -19.7%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 519.62m NOK profit to a loss of 3.50m NOK. Calculated

  • ↓

    Equity eroded

    Book equity 9.10bn NOK → 6.29bn NOK (equity ratio 24.3% → 14.5%). Calculated

  • ↓

    Cash fell

    Bank deposits 3.24bn NOK → 1.43bn NOK (-55.9% YoY). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 22.65bn NOK → 23.68bn NOK. Reported fact