7 STEEL SERVICE NORWAY AS: årsregnskap 2020 vs 2019
Grew 93671% on revenue, weaker earnings
approved 2021-05-05; registry 2021-06-30; journal 2021 421307
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 7 STEEL SERVICE NORWAY AS. Revenue 868.7k NOK → 814.55m NOK (+93670.9%). Net result -12.93m NOK → -22.34m NOK. Equity 83.22m NOK → 87.12m NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for 7 STEEL SERVICE NORWAY AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 868.7k NOK to 814.55m NOK (+93670.9% YoY). Calculated
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Equity strengthened
Book equity 83.22m NOK → 87.12m NOK (equity ratio 16111.0% → 16172.0%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -6.04m NOK → -6.35m NOK (op. margin -695.7% → -0.8%). Calculated
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↓
Net result weakened
Net result -12.93m NOK → -22.34m NOK (net margin -1488.7% → -2.7%). Calculated
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↓
Cash fell
Bank deposits 4.47m NOK → 4.32m NOK (-3.3% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 607.39m NOK → 563.40m NOK (-7.2% YoY). Calculated