FirmaIQ
Org.nr 953 591 421 2005 → 2006 Year-over-year analysis

7 STEEL NORDIC MANUFACTURING AS: årsregnskap 2006 vs 2005

Grew 8% on revenue, returned to profit

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2006 with 2005 for 7 STEEL NORDIC MANUFACTURING AS. Revenue 1.90bn NOK → 2.06bn NOK (+8.1%). Net result -8.26m NOK → +85.34m NOK. Equity 77.53bn NOK → 557.85m NOK.

On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: equity eroded.

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
1.90bn NOK 2.06bn NOK
+8.1%
Operating result
-16.03m NOK +111.46m NOK
+795.2%
Net result
-8.26m NOK +85.34m NOK
+1133.7%
Equity
77.53bn NOK 557.85m NOK
-99.3%
Total assets
939.95m NOK 887.42m NOK
-5.6%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 1.90bn NOK to 2.06bn NOK (+8.1% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -16.03m NOK → +111.46m NOK (op. margin -0.8% → 5.4%). Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 8.26m NOK to a profit of 85.34m NOK. Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 77.53bn NOK → 557.85m NOK (equity ratio 8248.1% → 62.9%). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 162.11m NOK → 5.15bn NOK (9% → 250% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 292.85m NOK → 3.30bn NOK (+1025.5% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 8.25m NOK → 250.0k NOK. Reported fact