FirmaIQ
Org.nr 989 528 157 2019 → 2020 Year-over-year analysis

7 STEEL NORDIC GROUP AS: årsregnskap 2020 vs 2019

Grew 6% on revenue, slipped into loss

approved 2021-04-28; registry 2021-06-19; journal 2021 340399

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for 7 STEEL NORDIC GROUP AS. Revenue 5.47m NOK → 5.77m NOK (+5.5%). Net result +20.46m NOK → -2.90m NOK. Equity 47.70m NOK → 41.89m NOK.

On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; fell into a net loss; 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

Revenue
5.47m NOK 5.77m NOK
+5.5%
Operating result
+8.41m NOK -155.0k NOK
-101.8%
Net result
+20.46m NOK -2.90m NOK
-114.2%
Equity
47.70m NOK 41.89m NOK
-12.2%
Cash
1.46m NOK 7.62m NOK
+423.5%
Total assets
122.8k NOK 123.1k NOK
+0.3%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 5.47m NOK to 5.77m NOK (+5.5% YoY). Calculated

  • ↑

    Cash rose

    Bank deposits 1.46m NOK → 7.62m NOK (+423.5% YoY). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +8.41m NOK → -155.0k NOK (op. margin 153.8% → -2.7%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 20.46m NOK profit to a loss of 2.90m NOK. Calculated

  • ↓

    Equity eroded

    Book equity 47.70m NOK → 41.89m NOK (equity ratio 38851.5% → 34021.0%). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 309 NOK → 6 281 NOK (0% → 0% of revenue). Calculated

  • ·

    COGS fell

    COGS / varekostnad 5.16m NOK → 5.13m NOK (-0.6% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 105.4k NOK → 100.39m NOK. Reported fact