FirmaIQ
Org.nr 953 591 421 2008 → 2009 Year-over-year analysis

7 STEEL NORDIC MANUFACTURING AS: årsregnskap 2009 vs 2008

Shrank 31% on revenue, slipped into loss

approved 2010-06-03; registry 2010-07-19; journal 2010 519410

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2009 with 2008 for 7 STEEL NORDIC MANUFACTURING AS. Revenue 2.51bn NOK → 1.72bn NOK (-31.4%). Net result +68.89m NOK → -158.28m NOK. Equity 664.06m NOK → 525.86m NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.

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

At a glance

Scorecard

Revenue
2.51bn NOK 1.72bn NOK
-31.4%
Operating result
+144.56m NOK -257.84m NOK
-278.4%
Net result
+68.89m NOK -158.28m NOK
-329.8%
Equity
664.06m NOK 525.86m NOK
-20.8%
Total assets
1.37bn NOK 1.05bn NOK
-23.5%

What improved

  • ↑

    Payroll decreased

    Salary cost 5.17bn NOK → 176.11m NOK (206% → 10% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 2.51bn NOK to 1.72bn NOK (-31.4% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +144.56m NOK → -257.84m NOK (op. margin 5.8% → -15.0%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 68.89m NOK profit to a loss of 158.28m NOK. Calculated

  • ↓

    Equity eroded

    Book equity 664.06m NOK → 525.86m NOK (equity ratio 48.4% → 50.0%). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 3.57bn NOK → 1.07bn NOK (-70.0% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 325 NOK → 275.0k NOK. Reported fact