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Interim Report January-March 2004

Interim Report January - March 2004 29 April 2004 January - March Jan.-Dec. April-March Key figures 2004 2003 2003 2003/04 Net sales, SEK m 2,813 2,346 9,273 9,740 Operating profit before 289 240 872 921 depreciation, SEK m (EBITDA) Operating profit before goodwill 220 179 625 666 amortisation, SEK m (EBITA) Operating profit, SEK m (EBIT) 197 164 565 598 Operating margin before goodwill 7.8 7.6 6.7 6.8 amortisation, % Operating margin, % 7.0 7.0 6.1 6,1 Profit after financial items, SEK m 165 148 500 517 Profit after tax, SEK m 111 98 338 351 Earnings per share, after dilution, 1.92 1.70 5.

Poggenpohl acquires retail outlets in London

Poggenpohl acquires retail outlets in London Poggenpohl UK has acquired three of its largest and longest established studios in London. These showrooms are the cornerstone of Poggenpohl's UK presence and represent sales of some five million pounds, which puts them among the ten biggest Poggenpohl studios in the world. - The top end of the UK kitchen market is London-centric, London is where trends begin. Our decision to purchase these studios recognises their strategic importance to our business. These studios also provide us with an opportunity to 'lead from the front' in terms of UK

Nobia's Annual General Meeting 2004

Nobia's Annual General Meeting 2004 Dividend The Annual General Meeting has approved a dividend for the 2003 financial year of SEK 2.25 per share. The record date for entitlement to the dividend is 6 April 2004 and it is expected to be paid out through the agency of VPC (Swedish Securities Register Centre) on 13 April 2004 Election of Board members Stefan Dahlbo, Vice President of Investment AB Öresund and Ingrid Osmundsen, Country Director at Lindex AB were elected as new members of Nobia's Board. Board members Fredrik Cappelen, Bodil Eriksson, Hans Larsson, Wilhelm Laurén, Harald Mix and

New CFO appointed at Nobia

New CFO appointed at Nobia Lennart Rappe (60) will resign his current position as Nobia's CFO as of 1 April 2004 to work with business acquisitions and disposal issues and the Group's strategic development. He will remain as Nobia's Executive Vice President and member of Nobia's Group management. Jan Johansson (41) will assume the position as Nobia's CFO on the same date and become a member of Group management. The former Director Group Control, has worked at Nobia since 1995. He held various financial positions within the Stora Group from 1987-1995. Nobia AB 31 March 2004 For further

Notice to AGM

The shareholders in Nobia AB are hereby summoned to the annual general meeting on Thursday 1 April 2004 at 5 p.m. at Berns Konferens, Berzelii Park in Stockholm, room: Strindbergssalen Notification etc Shareholders who wish to participate in the general meeting must: first be included in the shareholders' register maintained by VPC AB as of Monday, 22 March 2004, and second notify the company of their participation by mail at Nobia AB, Klarabergsviadukten 70 C8, P.O. Box 703 76, SE-107 24, Stockholm, Sweden, or by telephone at +46 8 440 16 00 or fax at +46 8 440 16 20 or e-mail to madeleine.

Proposal for the Board of Nobia

Proposal for the Board of Nobia The nominating committee, appointed by the principal shareholders of Nobia AB, is proposing the re-election at the company's forthcoming Annual General Meeting on 1 April 2004 of Board members Fredrik Cappelen, Bodil Eriksson, Hans Larsson, Wilhelm Laurén, Harald Mix and Thomas Nilsson, as well as the election to the Board of Ingrid Osmundsen and Stefan Dahlbo. Gerhard De Geer and Karsten Bomann Jonsen have declined re-election. Ingrid Osmundsen (43) has been Country Director for Sweden at Lindex AB since 2002. Lindex has a turnover in Sweden of SEK 3 billion,

Year-end report January-December 2003

Year-end release January - December 2003 11 February 2004 October- January- December December Key Figures 2003 2002 2003 2002 Net sales, SEK m 2 377 2 343 9 273 9 594 Operating income before 252 267 872 1 036 depreciation, SEK m (EBITDA) Operating income before 185 207 625 788 goodwill amortisation, SEK m (EBITA) Operating income, SEK m (EBIT) 168 191 565 725 Operating income before 7.8 8.8 6.7 8.2 goodwill amortisation, % (EBITA) Operating margin, % 7.1 8.2 6.1 7.6 Income after financial items, 152 172 500 606 SEK m Income after tax, SEK m 106 120 338 408 Earnings per share, after full 1.

Management changes within the Nobia Group

Management changes within the Nobia Group From 1 January Ingemar Tärnskär (42), Vice President Purchasing, Production and Logistics at Nobia, will transfer to Nobia's British business unit Magnet, where he will be responsible for production, purchasing and logistics matters with a view to further strengthening both Magnet's internal efficiency and leveraging the Nobia Group's purchasing synergies. Kevin Ohle (46) who joined Nobia's Group management on the recent acquisition of Gower Furniture has been appointed to replace Ingemar as Vice President Purchasing, Production and Logistics. Kevin

Publishing dates for financial information 2004

Publishing dates for financial information 2004 11 February Year-end-Report for 2003 1 April Annual General Meeting 29 April Interim Report January-March 22 July Interim Report January-June 26 October Interim Report January-September Nobia AB 15 December 2003 See also Nobias website: www.nobia.se Nobia is Europe's leading kitchen interiors company. The Group operates in a number of European markets under strong brand names. Nobia's own specialist kitchen stores and franchise stores are responsible for most of the Group's sales. Nobia is leading the consolidation of the European kitchen

New Management for the business unit Pronorm

New Management for the business unit Pronorm Heinz Hachmeister (50) has been appointed new Business Unit Manager for Pronorm, and will replace Friedhelm Meyer as of April 1, 2004. Mr Hachmeister is currently responsible for sales and marketing, and has worked in various managerial positions within Pronorm since 1984. Pronorm is part of Nobia's Continental European Operation. Friedhelm Meyer (63) will be leaving his post as Business Unit Manager on April 1 to start working on Group-wide development projects. Mr Meyer has been Managing Director of Pronorm since 1987 and has led Pronorm's

Nobia acquires UK kitchen manufacturer Gower

Nobia acquires UK kitchen manufacturer Gower * Nobia strengthens its foothold in the UK kitchen market * UK sales increase by SEK 1.0 billion, and the UK market share grows from 8 per cent to 15 per cent * Acquisition will be EPS positive from year one * Purchase price on debt-free basis amounts to SEK 890 million * Gower management will join Nobia's management team Nobia has acquired the UK kitchen company Gower Group Ltd for a purchase price on a debt-free basis of SEK 890 million. Gower's sales total approximately SEK 1.0 billion and its market share in the UK is approximately 7 per cent.

Nobia forms joint venture in Lithuania

Nobia forms joint venture in Lithuania Nobia is to start cooperating with Libra Group of Lithuania in a joint venture. Nobia will own 45 percent of the new company, which will have the task of producing solid wood fronts. The cooperation forms part of Nobia's strategy to move purchasing to low-cost countries. Nobia's capital investment amounts to maximum EUR 0.5 million, which Nobia will inject into the new company in the form of share capital. Libra Group operates in the areas of solid wood woodworking. The company has three divisions: furniture, flooring and industry service. Libra Group'

Magnet wins 'Best UK Retail Interior'

Magnet wins 'Best UK Retail Interior' Nobia's British business unit Magnet has been awarded the prestigious title of 'Best UK Retail Interior 2003' for its new concept store in Chester. The prize is awarded by the Retail Interiors Magazine, and is given for a store interior that is simply outstanding in all respects. Designed by a team of in-house designers, the new Chester branch was chosen by Magnet as the first of its stores to showcase the new retail concept interior. The store offers customers an aspirational retail experience, and is designed to correspond to today's experience-

Increased investments in Magnet's store network

Nobia increases investments in Magnet's store network To increase competitiveness further, Nobia's Board of directors has taken a decision reflecting its intention to increase the rate of investment in the store network of its UK business unit Magnet. As a result Magnet's investments are expected to increase by SEK 100 million in 2004. Overall, the upgrade programme will encompass around 150 stores over a three-year period. Since Nobia's acquisition of Magnet in spring 2001 new store footprints have been developed to correspond better to today's experience-oriented purchasing pattern. This

Interim Report January-September 2003

Interim Report January - September 2003 23 October 2003 July - Sept Jan - Sept Jan-Dec Oct-Sept Key figures 2003 2002 2003 2002 2002 2002/03 Net sales, SEK m 2,144 2,300 6,896 7,251 9,594 9,239 Operating income 133 243 620 769 1,036 887 before depreciation, MSEK (EBITDA) Operating income 73 186 440 581 788 647 before goodwill amortisation, SEK m (EBITA) Operating income, SEK 59 171 397 534 725 588 m (EBIT) Operating margin 3.4 8.1 6.4 8.0 8.2 7.0 before goodwill amortisation, % (EBITA) Operating margin, % 2.8 7.4 5.8 7.4 7.6 6.4 (EBIT) Income after financial 45 146 348 434 606 520 items,

Continued organic growth

Continued organic growth At today's capital market day, management will provide sales guidance for the beginning of the third quarter (July-August) as well as an update on the Group's efficiency improvement programme. The following information will be presented: · Continued organic growth in the beginning of the third quarter · At the end of the first half of 2003, the efficiency improvement programme had reduced the cost level by SEK 230 million, compared with SEK 180 million at year-end 2002 Nobia Group saw continued organic growth in the beginning of the third quarter. In the UK

Nobia consolidates production in Germany

Nobia consolidates production in Continental European operation Nobia intends to further consolidate production and to cease operations at the loss-making German business unit, Goldreif, in the Continental European operation. The production site in Bad Salzuflen is expected to be closed by the end of March 2004. Customers will be offered to transfer to the sister company Pronorm. The closure affects 87 employees. Goldreif came into Nobia when the Poggenpohl group was acquired in November 2000. Since then a number of measures taken, have led to increased efficiency and productivity. However,

Investments in Business Unit HTH

Nobia invests to increase organic growth To increase and secure its organic growth further, Nobia has decided to make investments in the Danish business unit HTH. The total investment amounts to SEK 33 million and is expected to be completed by the end of 2004. Over the past three years HTH has experienced organic growth of around 10 percent a year. All three of its main markets - Denmark, Sweden and Norway - have developed positively. Exports to other countries have also made a substantial contribution to this growth. The positive development has resulted in a shortage of capacity at HTH's

Interim Report January-June 2003

Interim Report January - June 2003 20 August 2003 April- January - Jan.- July- June June Dec. June Key figures 200 200 2003 2002 2002 2002/0 3 2 3 Net sales, SEK m 2,4 2,5 4,75 4,95 9,594 9,395 06 47 2 1 Operating income before 188 222 367 395 788 760 goodwill amortisation, SEK m (EBITA) Operating income, SEK m 174 206 338 363 725 700 (EBIT) Operating margin before 7.8 8.7 7.7 8.0 8.2 8.1 goodwill amortisation, % (EBITA) Operating margin, % (EBIT) 7.2 8.1 7.1 7.3 7.6 7.5 Income after financial 155 167 303 288 606 621 items, SEK m Income after tax, SEK m 102 109 200 188 408 420 Earnings per

Warrant Programme in Nobia

Warrant Programme in Nobia 91 senior executives and key personnel in the Nobia group have subscribed for 774,600 warrants carrying the right to subscribe for newly issued shares in Nobia AB. The subscription price is SEK 70.50. The warrants mature on May 22, 2008 and can be exercised for subscription to shares during the period May 22, 2005 - May 22, 2008. At full subscription the total holding of shares will increase with 774,600 shares, which corresponds to a dilution of approximately 1.3 per cent of total number of shares. Nobia AB 27 June 2003 For further information: Katarina Sivander,

Management change at Norema

Management change at Norema Björn Arnestad is, at his own request, leaving his position as Manager of Nobia's Norwegian Business Unit, Norema. Björn Arnestad has successfully lead the business through some years of great change, seeing the introduction of the common measurement standard, K20 and the shift from production to assembly. Business at Norema is now entering a new phase, with increased focus on market and sales. Peter Petersson has been appointed acting Business Unit Manager. Petersson is Vice President responsible for Business Development and Human Resources in the Nobia Group.

Leo Brecklinghaus appointed Business Unit Manager for Optifit

Leo Brecklinghaus appointed Business Unit Manager for Optifit Leo Brecklinghaus, 44, has been appointed Business Unit Manager for the business unit Optifit Jaka-Möbel GmbH in Germany. He has been acting as Local Manager since the beginning of this year. Prior to this he held the position as Technical Manager for the company since 2000. Optifit is Nobia's specialist manufacturer of flat-pack kitchens and bathrooms. Leo Brecklinghaus holds a master of Engineering. He absolved the technical college in Rosenheim. Before joining Optifit he worked over 13 years for the German furniture company

Nobia's AGM 2003

Nobia's Annual General Meeting 2003 Dividend The Annual General Meeting has approved a dividend for the 2002 financial year of SEK 2.25 per share. The record date for entitlement to the dividend is 28 April 2003 and it is expected to be paid out through the agency of VPC (Swedish Securities Register Centre) on 2 May 2003. Election of Board members Bodil Eriksson, Executive Vice President, Corporate Communications at Axfood AB, was elected as a new member of Nobia's Board. Board members Karsten Bomann Jonsen, Hans Larsson, Wilhelm Laurén, Harald Mix, Thomas Nilsson, Gerhard de Geer and

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