FirmaIQ
Org.nr 953 591 421 2018 → 2019 Year-over-year analysis

7 STEEL NORDIC MANUFACTURING AS: årsregnskap 2019 vs 2018

Weaker earnings

approved 2020-04-29; registry 2020-06-30; journal 2020 505931

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for 7 STEEL NORDIC MANUFACTURING AS. Revenue 2.85bn NOK → 2.91bn NOK (+1.9%). Net result +131.96m NOK → +14.57m NOK. Equity 970.29m NOK → 928.49m NOK.

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

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
2.85bn NOK 2.91bn NOK
+1.9%
Operating result
+164.09m NOK +45.29m NOK
-72.4%
Net result
+131.96m NOK +14.57m NOK
-89.0%
Equity
970.29m NOK 928.49m NOK
-4.3%
Cash
10.43m NOK 11.05m NOK
+6.0%
Total assets
2.00bn NOK 1.90bn NOK
-5.1%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 2.85bn NOK to 2.91bn NOK (+1.9% YoY). Calculated

  • ↑

    Cash rose

    Bank deposits 10.43m NOK → 11.05m NOK (+6.0% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 19.24bn NOK → 19.26m NOK (674% → 1% of revenue). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +164.09m NOK → +45.29m NOK (op. margin 5.7% → 1.6%). Calculated

  • ↓

    Net result weakened

    Net result +131.96m NOK → +14.57m NOK (net margin 4.6% → 0.5%). Calculated

  • ↓

    Equity eroded

    Book equity 970.29m NOK → 928.49m NOK (equity ratio 48.5% → 48.9%). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 1.84bn NOK → 3.90m NOK (-99.8% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 640.5k NOK → 641 NOK. Reported fact