7 STEEL NORDIC GROUP AS: årsregnskap 2019 vs 2018
Grew 9% on revenue
approved 2020-04-29; registry 2020-07-06; journal 2020 530673
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 7 STEEL NORDIC GROUP AS. Revenue 5.00m NOK → 5.47m NOK (+9.3%). Equity 26.87m NOK → 47.70m NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened.
Also worth watching: cogs moved; 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 5.00m NOK to 5.47m NOK (+9.3% YoY). Calculated
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↑
Equity strengthened
Book equity 26.87m NOK → 47.70m NOK (equity ratio 23.0% → 38851.5%). Calculated
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↑
Cash rose
Bank deposits 23.0k NOK → 1.46m NOK (+6226.1% YoY). Calculated
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↑
Payroll decreased
Salary cost 290.0k NOK → 309 NOK (6% → 0% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +22.28m NOK → +8.41m NOK (op. margin 445.4% → 153.8%). Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 5.15m NOK → 5.16m NOK (+0.2% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 104.42m NOK → 105.4k NOK. Reported fact