7 STEEL SERVICE NORWAY AS: årsregnskap 2024 vs 2023
Shrank 8% on revenue, stronger earnings
approved 2025-06-11; registry 2025-06-23; journal 2025 550933
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for 7 STEEL SERVICE NORWAY AS. Revenue 1.27bn NOK → 1.16bn NOK (-8.5%). Net result -73.68m NOK → -37.17m NOK. Equity 28.37m NOK → 77.05m NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell; current ratio dropped below 1×.
Also worth watching: book investments changed. 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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Operating result improved
Operating result -31.60m NOK → -16.99m NOK (op. margin -2.5% → -1.5%). Calculated
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Net result improved
Net result -73.68m NOK → -37.17m NOK (net margin -5.8% → -3.2%). Calculated
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Equity strengthened
Book equity 28.37m NOK → 77.05m NOK (equity ratio 3.7% → 12.9%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.27bn NOK to 1.16bn NOK (-8.5% YoY). Calculated
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Cash fell
Bank deposits 5.63m NOK → 5.60m NOK (-0.5% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 607.99× → 0.82× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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Payroll up without matching revenue
Salary cost 170.4k NOK → 159.94m NOK (0% → 14% of revenue). Calculated
Things to notice
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Book investments changed
Investment / intangible book value 8 310 NOK → 0 NOK. Reported fact