Interim Report January - September 2001

1 November 2001
 


July - September   July -
September
January - September
Full year
Key figures 2001 2000 1)   2001 2000
2001
2000 1)
2000
Net sales, SEK m 2 301 765
5 840
2 554
4 102
Operating profit before depreciation, SEK m (EBITDA) 246 151
583
255
356
Operating profit before goodwill amortisation, SEK m (EBITA 177 137
418
206
270
Operating profit, SEK m (EBIT) 161 136
383
202
261
Operating margin, % 7.0 17.8
6.6
7.9
6.4
Profit after financial items, SEK m 122 127
299
175
220
Earnings per share, after full dilution, SEK 15.91 25.51
41.01
26.72
28.97
Return on capital employed, %        
22.2
Return on shareholders' equity, %        
17.2
 
1. Because of the acquisitions and disposals made by the Group, comparisons with previous year are of limited value.
 
Development during the period:
  • Net sales increased by 129 per cent to SEK 5,840 million (2,554), of which 5 per cent was organic growth.
  • The profit after financial items rose 71 per cent to SEK 299 million (175).
  • EPS after full dilution increased 53 per cent to SEK 41.01 (26.72).
  • The cash flow from current activities prior to investments totalled SEK 345 million (32).
  • Efficiency-enhancing programmes at acquired units proceeded as planned.
  • The closing of the Star Beka production unit has proceeded as planned and is due to be completed at the end of this year.
  •  
    Key events during the third quarter:
  • Strong sales and profit growth in the Nordic region.
  • Continued efficiency enhancement through integration of acquired units and staff reductions.
  • Lower demand in the Continental European market.
  •  

    For more information about this report, please contact:
    Fredrik Cappelen, President and CEO, Lennart Rappe, Vice President and CFO,
    Katarina Sivander, Communications Manager, Tel.: +46 8 440 16 00
    Financial information is also available on Nobia's web site: www.nobia.se

    The full report including tables can be downloaded from the following link.

    About Us

    Nobia develops and sells kitchens through some twenty strong brands in Europe, including Magnet in the UK; HTH, Norema, Sigdal, Invita and Marbodal in Scandinavia; Petra and A la Carte in Finland; ewe, FM and Intuo in Austria, as well as Poggenpohl globally. Nobia generates profitability by combining economies of scale with attractive kitchen offerings. The Group has approximately 6,400 employees and net sales of about SEK 12 billion in 2014. The Nobia share is listed on the NASDAQ Stockholm under the ticker NOBI. Website: www.nobia.com.