7N NORGE AS: årsregnskap 2018 vs 2017
Grew 28% on revenue, weaker earnings
approved 2019-03-20; registry 2019-04-08; journal 2019 267640
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for 7N NORGE AS. Revenue 54.44m NOK → 69.94m NOK (+28.5%). Net result +858.8k NOK → +354.8k NOK. Equity 2.97m NOK → 4.32m NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: net result weakened.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for 7N NORGE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 54.44m NOK to 69.94m NOK (+28.5% YoY). Calculated
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↑
Equity strengthened
Book equity 2.97m NOK → 4.32m NOK (equity ratio 21.1% → 24.9%). Calculated
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↑
Cash rose
Bank deposits 612.5k NOK → 664.8k NOK (+8.5% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result +858.8k NOK → +354.8k NOK (net margin 1.6% → 0.5%). Calculated
Things to notice
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·
Payroll increased
Salary cost 5.45m NOK → 7.61m NOK (10% → 11% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 45.71m NOK → 57.52m NOK (+25.8% YoY). Calculated