FirmaIQ
Org.nr 953 591 421 2017 → 2018 Year-over-year analysis

7 STEEL NORDIC MANUFACTURING AS: årsregnskap 2018 vs 2017

Grew 7% on revenue

approved 2019-04-25; registry 2019-06-12; journal 2019 408534

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for 7 STEEL NORDIC MANUFACTURING AS. Revenue 2.66bn NOK → 2.85bn NOK (+7.1%). Equity 865.34m NOK → 970.29m NOK.

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

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
2.66bn NOK 2.85bn NOK
+7.1%
Operating result
+168.58m NOK +164.09m NOK
-2.7%
Net result
n/m +131.96m NOK
—
Equity
865.34m NOK 970.29m NOK
+12.1%
Cash
10.11m NOK 10.43m NOK
+3.2%
Total assets
1.71bn NOK 2.00bn NOK
+16.6%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 2.66bn NOK to 2.85bn NOK (+7.1% YoY). Calculated

  • ↑

    Equity strengthened

    Book equity 865.34m NOK → 970.29m NOK (equity ratio 50.5% → 48.5%). Calculated

  • ↑

    Cash rose

    Bank deposits 10.11m NOK → 10.43m NOK (+3.2% YoY). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +168.58m NOK → +164.09m NOK (op. margin 6.3% → 5.7%). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 19.23bn NOK → 19.24bn NOK (722% → 674% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 1.68bn NOK → 1.84bn NOK (+9.6% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 540.5k NOK → 640.5k NOK. Reported fact