Org.nr 980 345 106 2005 → 2006 Year-over-year analysis

7 STEEL SERVICE NORWAY AS: årsregnskap 2006 vs 2005

Grew 16% on revenue

Summary

What changed

Comparing Årsregnskap 2006 with 2005 for 7 STEEL SERVICE NORWAY AS. Revenue 663.26m NOK → 768.26m NOK (+15.8%). Equity 156.87m NOK → 228.92m NOK.

On the constructive side: revenue rose; operating result improved; equity strengthened.

Also worth watching: cogs moved; book investments changed. All figures are taken from the published annual accounts for 7 STEEL SERVICE NORWAY AS.

At a glance

Revenue

663.26m NOK 768.26m NOK

+15.8%

Operating result

+81.11m NOK +95.72m NOK

+18.0%

Equity

156.87m NOK 228.92m NOK

+45.9%

Total assets

274.51m NOK 370.40m NOK

+34.9%

↑
Revenue rose

Operating income / revenue moved from 663.26m NOK to 768.26m NOK (+15.8% YoY). Calculated
↑
Operating result improved

Operating result +81.11m NOK → +95.72m NOK (op. margin 12.2% → 12.5%). Calculated
↑
Equity strengthened

Book equity 156.87m NOK → 228.92m NOK (equity ratio 57.1% → 61.8%). Calculated
↑
Payroll decreased

Salary cost 40.85m NOK → 37.68m NOK (6% → 5% of revenue). Calculated

·
COGS moved

COGS / varekostnad 497.70m NOK → 593.50m NOK (+19.2% YoY). Calculated
·
Book investments changed

Investment / intangible book value 14.5k NOK → 0 NOK. Reported fact