FirmaIQ
Org.nr 953 591 421 2002 → 2003 Year-over-year analysis

7 STEEL NORDIC MANUFACTURING AS: årsregnskap 2003 vs 2002

Grew 520% on revenue, weaker earnings

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2003 with 2002 for 7 STEEL NORDIC MANUFACTURING AS. Revenue 236.98m NOK → 1.47bn NOK (+519.9%). Net result +9.54m NOK → +4.03m NOK.

On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened.

Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for 7 STEEL NORDIC MANUFACTURING AS.

At a glance

Scorecard

Revenue
236.98m NOK 1.47bn NOK
+519.9%
Operating result
+19.97m NOK +13.48m NOK
-32.5%
Net result
+9.54m NOK +4.03m NOK
-57.7%
Equity
n/m 385.36m NOK
—
Total assets
881.76m NOK 962.94m NOK
+9.2%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 236.98m NOK to 1.47bn NOK (+519.9% YoY). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +19.97m NOK → +13.48m NOK (op. margin 8.4% → 0.9%). Calculated

  • ↓

    Net result weakened

    Net result +9.54m NOK → +4.03m NOK (net margin 4.0% → 0.3%). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 147.18m NOK → 158.71m NOK (62% → 11% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 715.23m NOK → 939.37m NOK (+31.3% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 8.33m NOK → 9.33m NOK. Reported fact