FirmaIQ
Org.nr 965 920 358 2018 → 2019 Year-over-year analysis

NORWEGIAN AIR SHUTTLE ASA: årsregnskap 2019 vs 2018

Grew 5% on revenue, returned to profit, fresh owner capital

approved 2020-06-09; registry 2020-08-31; journal 2020 715835

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for NORWEGIAN AIR SHUTTLE ASA. Revenue 25.01bn NOK → 26.35bn NOK (+5.4%). Net result -3.50m NOK → +914.00m NOK. Equity 6.29bn NOK → 11.20bn NOK.

On the constructive side: revenue rose; operating result improved; turned profitable.

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
25.01bn NOK 26.35bn NOK
+5.4%
Operating result
-4.93bn NOK +856.00m NOK
+117.4%
Net result
-3.50m NOK +914.00m NOK
+26184.5%
Equity
6.29bn NOK 11.20bn NOK
+78.1%
Cash
1.43bn NOK 2.80bn NOK
+95.9%
Total assets
43.34bn NOK 43.48bn NOK
+0.3%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 25.01bn NOK to 26.35bn NOK (+5.4% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -4.93bn NOK → +856.00m NOK (op. margin -19.7% → 3.2%). Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 3.50m NOK to a profit of 914.00m NOK. Calculated

  • ↑

    Equity strengthened

    Book equity 6.29bn NOK → 11.20bn NOK (equity ratio 14.5% → 25.8%). Calculated

  • ↑

    Cash rose

    Bank deposits 1.43bn NOK → 2.80bn NOK (+95.9% YoY). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 23.68bn NOK → 14.52bn NOK. Reported fact