Org.nr 953 591 421 2012 → 2013 Year-over-year analysis

7 STEEL NORDIC MANUFACTURING AS: årsregnskap 2013 vs 2012

Shrank 11% on revenue

Summary

What changed

Comparing Årsregnskap 2013 with 2012 for 7 STEEL NORDIC MANUFACTURING AS. Revenue 2.59bn NOK → 2.31bn NOK (-10.7%). Equity 474.48m NOK → 449.15m NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.

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

At a glance

Revenue

2.59bn NOK 2.31bn NOK

-10.7%

Operating result

+1.47m NOK -34.46m NOK

-2439.2%

Equity

474.48m NOK 449.15m NOK

-5.3%

Cash

n/m 8.71m NOK

—

Total assets

166.67m NOK 1.06bn NOK

+538.1%

↑
Payroll decreased

Salary cost 18.19bn NOK → 183.22m NOK (702% → 8% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 2.59bn NOK to 2.31bn NOK (-10.7% YoY). Calculated
↓
Operating result weakened

Operating result +1.47m NOK → -34.46m NOK (op. margin 0.1% → -1.5%). Calculated
↓
Equity eroded

Book equity 474.48m NOK → 449.15m NOK (equity ratio 284.7% → 42.2%). Calculated

·
COGS fell

COGS / varekostnad 1.78bn NOK → 1.50bn NOK (-15.7% YoY). Calculated