7 STEEL NORDIC REINFORCING AS: årsregnskap 2019 vs 2018
Weaker earnings
approved 2020-04-28; registry 2020-07-04; journal 2020 529229
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 7 STEEL NORDIC REINFORCING AS. Revenue 406.8k NOK → 410.7k NOK (+1.0%). Net result +13.55m NOK → +1.47m NOK. Equity 843.59m NOK → 644.92m NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for 7 STEEL NORDIC REINFORCING AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 406.8k NOK to 410.7k NOK (+1.0% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +22.28m NOK → +8.41m NOK (op. margin 5477.1% → 2048.7%). Calculated
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↓
Net result weakened
Net result +13.55m NOK → +1.47m NOK (net margin 3331.1% → 357.0%). Calculated
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↓
Equity eroded
Book equity 843.59m NOK → 644.92m NOK (equity ratio 62.0% → 64201.7%). Calculated
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↓
Cash fell
Bank deposits 100.38m NOK → 79.01m NOK (-21.3% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.28× → 0.84× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 63.34m NOK → 67.55m NOK (15571% → 16447% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 5.15m NOK → 5.16m NOK (+0.2% YoY). Calculated