Update on the third quarter: lower earnings due to supply chain disruptions in the Nordics
Nobia’s earnings have been negatively impacted by continued supply chain disruptions in the Nordics. Cost inflation, component availability and extraordinary cost for reduction of order backlog, predominantly in the plant in Tidaholm Sweden, has a had a more significant impact than expected, resulting in an operating profit in the Nordic region of SEK 97m in the third quarter (SEK 196m in Q3 2021). The cost for supply chain disruptions is expected to improve in Q4 and further efforts are being made to transfer parts of the production to the new factory in Jönköping already by Q1 2023.Group