Org.nr 953 591 421 2016 → 2017 Year-over-year analysis

7 STEEL NORDIC MANUFACTURING AS: årsregnskap 2017 vs 2016

Grew 18% on revenue

approved 2018-04-27; registry 2018-05-29; journal 2018 365976

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for 7 STEEL NORDIC MANUFACTURING AS. Revenue 2.25bn NOK → 2.66bn NOK (+18.4%). Equity 788.74m NOK → 865.34m NOK.

On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened.

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

At a glance

Revenue

2.25bn NOK 2.66bn NOK

+18.4%

Operating result

+169.70m NOK +168.58m NOK

-0.7%

Equity

788.74m NOK 865.34m NOK

+9.7%

Cash

8.25m NOK 10.11m NOK

+22.6%

Total assets

1.44bn NOK 1.71bn NOK

+18.7%

↑
Revenue rose

Operating income / revenue moved from 2.25bn NOK to 2.66bn NOK (+18.4% YoY). Calculated
↑
Equity strengthened

Book equity 788.74m NOK → 865.34m NOK (equity ratio 54.6% → 50.5%). Calculated
↑
Cash rose

Bank deposits 8.25m NOK → 10.11m NOK (+22.6% YoY). Calculated

↓
Operating result weakened

Operating result +169.70m NOK → +168.58m NOK (op. margin 7.5% → 6.3%). Calculated

·
Payroll increased

Salary cost 19.23bn NOK → 19.23bn NOK (854% → 722% of revenue). Calculated
·
COGS fell

COGS / varekostnad 3.26bn NOK → 1.68bn NOK (-48.5% YoY). Calculated