7 STEEL NORDIC INVESTMENT ÅLESUND AS: årsregnskap 2023 vs 2022
Grew 33% on revenue, slipped into loss, cash halved-plus
approved 2024-07-09; registry 2024-07-16; journal 2024 632271
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for 7 STEEL NORDIC INVESTMENT ÅLESUND AS. Revenue 1.73m NOK → 2.30m NOK (+33.3%). Net result +698.0k NOK → -232.2k NOK. Equity 448.2k NOK → 216.0k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 7 STEEL NORDIC INVESTMENT ÅLESUND AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1.73m NOK to 2.30m NOK (+33.3% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +894.9k NOK → +238.6k NOK (op. margin 51.9% → 10.4%). Calculated
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↓
Fell into a net loss
Net result flipped from 698.0k NOK profit to a loss of 232.2k NOK. Calculated
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↓
Equity eroded
Book equity 448.2k NOK → 216.0k NOK (equity ratio 1.9% → 0.9%). Calculated
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↓
Cash fell
Bank deposits 241.7k NOK → 81.9k NOK (-66.1% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation