7 STEEL SERVICE NORWAY AS: årsregnskap 2022 vs 2021
Grew 146335% on revenue, weaker earnings
approved 2023-05-23; registry 2023-06-20; journal 2023 485170
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for 7 STEEL SERVICE NORWAY AS. Revenue 1.12m NOK → 1.64bn NOK (+146335.4%). Net result +27.58m NOK → +3.31m NOK. Equity 114.38m NOK → 102.05m NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: net result weakened; equity eroded.
Also worth watching: payroll increased; cogs moved. 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 1.12m NOK to 1.64bn NOK (+146335.4% YoY). Calculated
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Operating result improved
Operating result +27.45m NOK → +28.42m NOK (op. margin 2457.3% → 1.7%). Calculated
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Cash rose
Bank deposits 4.53m NOK → 6.04m NOK (+33.2% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result +27.58m NOK → +3.31m NOK (net margin 2469.0% → 0.2%). Calculated
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↓
Equity eroded
Book equity 114.38m NOK → 102.05m NOK (equity ratio 19035.5% → 13204.7%). Calculated
Things to notice
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·
Payroll increased
Salary cost 136.4k NOK → 166.8k NOK (12% → 0% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 816.8k NOK → 1.27m NOK (+56.0% YoY). Calculated