7 STEEL NORDIC MANUFACTURING AS: årsregnskap 2023 vs 2022
Shrank 22% on revenue, weaker earnings
approved 2024-04-25; registry 2024-06-08; journal 2024 437955
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for 7 STEEL NORDIC MANUFACTURING AS. Revenue 6.01bn NOK → 4.70bn NOK (-21.7%). Net result +13.91bn NOK → +289.56m NOK. Equity 2.03bn NOK → 2.09bn NOK.
On the constructive side: equity strengthened; cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.
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
What improved
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↑
Equity strengthened
Book equity 2.03bn NOK → 2.09bn NOK (equity ratio 49.7% → 52.3%). Calculated
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↑
Cash rose
Bank deposits 13.50m NOK → 257.94m NOK (+1810.6% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 6.01bn NOK to 4.70bn NOK (-21.7% YoY). Calculated
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↓
Operating result weakened
Operating result +1.13bn NOK → +314.83m NOK (op. margin 18.8% → 6.7%). Calculated
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↓
Net result weakened
Net result +13.91bn NOK → +289.56m NOK (net margin 231.6% → 6.2%). Calculated
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↓
Payroll up without matching revenue
Salary cost 19.32bn NOK → 19.34bn NOK (322% → 411% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 3.41bn NOK → 3.19bn NOK (-6.5% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 424.5k NOK → 404.5k NOK. Reported fact