Nobia AB: Interim report January-March 2015

STOCKHOLM--()--Regulatory News:

January-March 2015*

· Net sales for the first quarter amounted to SEK 3,251 million (2,695).

· Organic growth was 5 per cent (4). In addition, sales for the quarter were positively affected by currency gains and the acquisition of Rixonway.

· Operating profit amounted to SEK 211 million (156), corresponding to an operating margin of 6.5 per cent (5.8).

· Currency gains of approximately SEK 25 million (0) affected the Group’s operating profit, of which SEK 20 million (5) comprised translation effects and SEK 5 million (neg: 5) transaction effects.

· Profit after tax amounted to SEK 153 million (47), corresponding to earnings per share of SEK 0.91 (0.28).

· Operating cash flow amounted to SEK 34 million (132).

* Comparative figures for 2014 were restated excluding Hygena, see page 6.

Nobia Group summary

 

Jan-

Mar

 

 

 

  Jan-Dec   Apr-Mar  

Change,

 

%

Change,

 

%

2014   2015

 

2014 2014/2015

 

Net sales, SEK m 2,695 3,251 21 11,411 11,967 5
Gross margin, % 40.1 40.0 41.0 40.9
Operating margin before depreciation and impairment, % 9.2 9.2 11.3 11.2
Operating profit (EBIT), SEK m 156 211 35 975 1,030 6
Operating margin, % 5.8 6.5 8.5 8.6
Profit after financial items, SEK m 132 195 48 899 962 7
Profit/loss after tax including items affecting comparability, SEK m 47 153 -27 79
Earnings/loss per share excluding items affecting comparability, after dilution, SEK 0.28 0.91 3.20 3.82 19
Earnings/loss per share including items affecting comparability, after dilution, SEK 0.28 0.91 -0.17 0.46
Operating cash flow, SEK m 132 34 -74 779 681 -13

All figures, except for net sales, profit after tax and operating cash flow, were adjusted for items affecting comparability. Additional information about items affecting comparability is provided on pages 6 and 9.

Comments from the CEO

“Nobia’s (STO:NOBI) organic sales growth was 5 per cent for the first quarter. Net sales also increased as a result of favourable currency effects and the acquisition of Rixonway. Our two largest regions, Nordic and the UK, reported both healthy organic growth and improved profitability. Operating profit rose 35 per cent year-on-year. New websites are being launched for our brands this spring, and new, innovative kitchen solutions are being marketed in our stores. In 2015, we will open new stores and we are continuing to work on co-ordinating sourcing, optimising production and harmonising our commercial activities in our three regions,” says Morten Falkenberg, President and CEO.

For further information

Please contact any of the following on +46 (0)8 440 16 00 or +46 (0)705 95 51 00:
- Morten Falkenberg, President and CEO
- Mikael Norman, CFO
- Lena Schattauer, Head of Communication and Investor Relations

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Contacts

Nobia AB
Morten Falkenberg, President and CEO
or
Mikael Norman, CFO
or
Lena Schattauer, Head of Communication and Investor Relations
+46 (0)8 440 16 00 or +46 (0)705 95 51 00:

Contacts

Nobia AB
Morten Falkenberg, President and CEO
or
Mikael Norman, CFO
or
Lena Schattauer, Head of Communication and Investor Relations
+46 (0)8 440 16 00 or +46 (0)705 95 51 00: