Update on developments related to the coronavirus
Nobia is being negatively impacted by the global spread of the coronavirus. Financial risks related to the situation include, but are not limited to, disruptions in the supply chain as well as lower demand of kitchens and unfavorable currency movements.The financial impact of the virus outbreak, and the resulting business interruptions, are currently being assessed. As of now, softer demand in retail, an unfavorable currency impact and lower productivity are expected to impact Q1 profitability negatively compared to the same period last year.Nobia has taken robust measures to mitigate the