7 STEEL NORDIC GROUP AS: årsregnskap 2018 vs 2017
Grew 17% on revenue
approved 2019-04-15; registry 2019-06-13; journal 2019 414064
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for 7 STEEL NORDIC GROUP AS. Revenue 4.28m NOK → 5.00m NOK (+16.9%). Equity 37.46m NOK → 26.87m NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: equity eroded.
Also worth watching: payroll increased; cogs fell; book investments changed. All figures are taken from the published annual accounts for 7 STEEL NORDIC GROUP AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 4.28m NOK to 5.00m NOK (+16.9% YoY). Calculated
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↑
Operating result improved
Operating result +16.81m NOK → +22.28m NOK (op. margin 392.9% → 445.4%). Calculated
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↑
Cash rose
Bank deposits 189 NOK → 23.0k NOK (+12069.3% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 37.46m NOK → 26.87m NOK (equity ratio 30.8% → 23.0%). Calculated
Things to notice
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·
Payroll increased
Salary cost 302 NOK → 290.0k NOK (0% → 6% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 5.16m NOK → 5.15m NOK (-0.1% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 105.58m NOK → 104.42m NOK. Reported fact