7 STEEL NORDIC GROUP AS: årsregnskap 2022 vs 2021
Shrank 30% on revenue, stronger earnings
approved 2023-04-27; registry 2023-05-30; journal 2023 439336
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for 7 STEEL NORDIC GROUP AS. Revenue 7.98m NOK → 5.55m NOK (-30.4%). Net result +42.43m NOK → +52.63m NOK. Equity 41.51m NOK → 68.81m NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell; cogs moved.
Also worth watching: 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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Operating result improved
Operating result -397.0k NOK → -301.0k NOK (op. margin -5.0% → -5.4%). Calculated
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Net result improved
Net result +42.43m NOK → +52.63m NOK (net margin 531.5% → 947.7%). Calculated
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Equity strengthened
Book equity 41.51m NOK → 68.81m NOK (equity ratio 29903.5% → 44384.7%). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 7.98m NOK to 5.55m NOK (-30.4% YoY). Calculated
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Cash fell
Bank deposits 15.74m NOK → 11.14m NOK (-29.2% YoY). Calculated
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COGS moved
COGS / varekostnad 5.19m NOK → 5.25m NOK (+1.1% YoY). Calculated
Things to notice
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Book investments changed
Investment / intangible book value 104.3k NOK → 130.4k NOK. Reported fact