FirmaIQ
Org.nr 953 591 421 2009 → 2010 Year-over-year analysis

7 STEEL NORDIC MANUFACTURING AS: årsregnskap 2010 vs 2009

Grew 12% on revenue, stronger earnings

approved 2011-05-19; registry 2011-06-30; journal 2011 456899

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2010 with 2009 for 7 STEEL NORDIC MANUFACTURING AS. Revenue 1.72bn NOK → 1.93bn NOK (+12.0%). Net result -158.28m NOK → -55.39m NOK. Equity 525.86m NOK → 513.94m NOK.

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

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

At a glance

Scorecard

Revenue
1.72bn NOK 1.93bn NOK
+12.0%
Operating result
-257.84m NOK -52.44m NOK
+79.7%
Net result
-158.28m NOK -55.39m NOK
+65.0%
Equity
525.86m NOK 513.94m NOK
-2.3%
Total assets
1.05bn NOK 1.18bn NOK
+12.6%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 1.72bn NOK to 1.93bn NOK (+12.0% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -257.84m NOK → -52.44m NOK (op. margin -15.0% → -2.7%). Calculated

  • ↑

    Net result improved

    Net result -158.28m NOK → -55.39m NOK (net margin -9.2% → -2.9%). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 525.86m NOK → 513.94m NOK (equity ratio 50.0% → 43.4%). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 176.11m NOK → 5.17bn NOK (10% → 268% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 1.07bn NOK → 3.23bn NOK (+202.3% YoY). Calculated