7 STEEL NORDIC GROUP AS: årsregnskap 2023 vs 2022
Grew 40% on revenue, slipped into loss
approved 2024-04-25; registry 2024-06-10; journal 2024 444534
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for 7 STEEL NORDIC GROUP AS. Revenue 5.55m NOK → 7.77m NOK (+39.9%). Net result +52.63m NOK → -120.0k NOK. Equity 68.81m NOK → 64.02m NOK.
On the constructive side: revenue rose; operating result improved. Pressures included: fell into a net loss; equity eroded; cash fell.
Also worth watching: 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 5.55m NOK to 7.77m NOK (+39.9% YoY). Calculated
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↑
Operating result improved
Operating result -301.0k NOK → -58.0k NOK (op. margin -5.4% → -0.7%). Calculated
What deteriorated
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↓
Fell into a net loss
Net result flipped from 52.63m NOK profit to a loss of 120.0k NOK. Calculated
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↓
Equity eroded
Book equity 68.81m NOK → 64.02m NOK (equity ratio 44384.7% → 43.2%). Calculated
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↓
Cash fell
Bank deposits 11.14m NOK → 8.01m NOK (-28.1% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 5.25m NOK → 5.18m NOK (-1.2% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 130.4k NOK → 123.21m NOK. Reported fact