7 STEEL NORDIC MANUFACTURING AS: årsregnskap 2004 vs 2003
Grew 32% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for 7 STEEL NORDIC MANUFACTURING AS. Revenue 1.47bn NOK → 1.94bn NOK (+31.9%). Net result +4.03m NOK → +40.0k NOK. Equity 385.36m NOK → 462.11m NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened.
Also worth watching: payroll increased; cogs fell; book investments changed. All figures are taken from the published annual accounts for 7 STEEL NORDIC MANUFACTURING AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.47bn NOK to 1.94bn NOK (+31.9% YoY). Calculated
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↑
Operating result improved
Operating result +13.48m NOK → +117.24m NOK (op. margin 0.9% → 6.0%). Calculated
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↑
Equity strengthened
Book equity 385.36m NOK → 462.11m NOK (equity ratio 40.0% → 409.5%). Calculated
What deteriorated
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↓
Net result weakened
Net result +4.03m NOK → +40.0k NOK (net margin 0.3% → 0.0%). Calculated
Things to notice
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·
Payroll increased
Salary cost 158.71m NOK → 169.72m NOK (11% → 9% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 939.37m NOK → 264.33m NOK (-71.9% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 9.33m NOK → 9.25m NOK. Reported fact