7 STEEL NORDIC GROUP AS: årsregnskap 2021 vs 2020
Grew 38% on revenue, returned to profit
approved 2022-04-27; registry 2022-07-04; journal 2022 549885
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 7 STEEL NORDIC GROUP AS. Revenue 5.77m NOK → 7.98m NOK (+38.3%). Net result -2.90m NOK → +42.43m NOK. Equity 41.89m NOK → 41.51m NOK.
On the constructive side: revenue rose; turned profitable; cash rose. Pressures included: operating result weakened; equity eroded.
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 5.77m NOK to 7.98m NOK (+38.3% YoY). Calculated
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↑
Turned profitable
Net result flipped from a loss of 2.90m NOK to a profit of 42.43m NOK. Calculated
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↑
Cash rose
Bank deposits 7.62m NOK → 15.74m NOK (+106.7% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -155.0k NOK → -397.0k NOK (op. margin -2.7% → -5.0%). Calculated
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↓
Equity eroded
Book equity 41.89m NOK → 41.51m NOK (equity ratio 34021.0% → 29903.5%). Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 5.13m NOK → 5.19m NOK (+1.2% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 100.39m NOK → 104.3k NOK. Reported fact