7 STEEL NORDIC MANUFACTURING AS: årsregnskap 2024 vs 2023
Shrank 7% on revenue, stronger earnings, cash halved-plus
approved 2025-05-27; registry 2025-06-12; journal 2025 530728
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for 7 STEEL NORDIC MANUFACTURING AS. Revenue 4.70bn NOK → 4.35bn NOK (-7.4%). Net result +289.56m NOK → +13.12bn NOK. Equity 2.09bn NOK → 1.99bn NOK.
On the constructive side: net result improved; payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: sharp cash drawdown; cogs fell. 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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Net result improved
Net result +289.56m NOK → +13.12bn NOK (net margin 6.2% → 301.4%). Calculated
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Payroll decreased
Salary cost 19.34bn NOK → 19.33bn NOK (411% → 444% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 4.70bn NOK to 4.35bn NOK (-7.4% YoY). Calculated
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Operating result weakened
Operating result +314.83m NOK → +158.54m NOK (op. margin 6.7% → 3.6%). Calculated
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Equity eroded
Book equity 2.09bn NOK → 1.99bn NOK (equity ratio 52.3% → 56.8%). Calculated
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Cash fell
Bank deposits 257.94m NOK → 14.91m NOK (-94.2% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (257.94m NOK → 14.91m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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COGS fell
COGS / varekostnad 3.19bn NOK → 2.97bn NOK (-6.9% YoY). Calculated