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Reorganization and restructuring for increased efficiency

In line with the Nobia strategy to target growth, structural efficiency, people engagement and becoming a sustainability and design leader, the group is making organizational changes. The new organization, effective as of September 1, 2020, will enable stronger regional accountability, faster decision making and improved speed in execution.The new organization will consist of three regions responsible for selling, marketing and servicing customers - the Nordic region, the UK region and the Central Europe region, and a group-wide Product Supply function. As a result, the Nordic region will

Nobia’s 2020 Annual General Meeting

Nobia AB (publ) held its Annual General Meeting today, Tuesday, 5 May in Stockholm.Appropriation of profits The Annual General Meeting resolved to adopt the Board of Directors proposal of appropriation of the company’s profit, meaning that no dividend is to be paid for the financial year 2019. The company’s accrued non-restricted profits of SEK 1 277 340 518 were carried forward.   Election of Board members and auditors The Annual General Meeting resolved that the Board would comprise six members and re-elected Nora Førisdal Larssen, Marlene Forsell and George Adams. Jan

Interim report January – March 2020

First quarter 2020 • Net sales for the first quarter decreased by 1% and amounted to SEK 3,445m (3,469).• Organic growth was -2% (-1).• Operating profit was SEK 134m (260), corresponding to an operating margin of 3.9% (7.5).• Changes in exchange rates negatively impacted operating profit by SEK 35m.• Profit after tax amounted to SEK 88m (183), corresponding to earnings per share after dilution of SEK 0.52 (1.09).• Operating cash flow amounted to SEK 212m (241).• The Dividend proposal was withdrawn by the Board of Directors.Comments from the President and CEO In March we

New date for and invitation to presentation of interim report for the first quarter 2020

Nobia will publish its interim report for the first quarter 2020 on Tuesday May 5 at 08.00 CET (previously communicated date: May 4). A webcasted telephone conference will be held the same day, May 5, at 09.00 CET.Nobia’s President and CEO Jon Sintorn and CFO Kristoffer Ljungfelt will present the results and answer questions. The telephone conference will be held in English and will be webcasted live on Nobia’s website, or via the following link:https://edge.media-server.com/mmc/p/eg4dfqmc   The details for participation by telephone are as follows: Sweden:        +46 856642651

Advance voting at Annual General Meeting

Shareholders in Nobia is able to exercise their voting rights at the Annual General Meeting 2020 by voting in advance. Nobia encourages all shareholders to use this opportunity in order to minimise the number of participants attending the general meeting in person, as part of the effort to minimise the risk of spreading the coronavirus.A special form shall be used for advance voting. The form is available on Nobia’s website:http://www.nobia.com/about-us/corporate-governance/shareholders-meeting/annual-general-meeting-2020/. A shareholder exercising its voting right through advance

Nobia announces preliminary result for the first quarter 2020

In light of current market instability and uncertainties regarding economic impacts of the coronavirus (COVID-19), Nobia announces its preliminary result for the first quarter 2020. All numbers are preliminary and unaudited.Group net sales declined by 1% to SEK 3,445m (3,469). Organic sales growth was -3%. Operating profit amounted to SEK 134m (260), corresponding to an operating margin of 3.9% (7.5). By region, organic net sales increased by 1% in the Nordic region, while it declined by 6% in the UK Region and by 1% in the Central Europe Region. Operating profit and margin in the Nordic

Notice of Annual General Meeting 2020

The shareholders of Nobia AB (publ) (“Nobia”) are hereby invited to the Annual General Meeting on Tuesday, 5 May 2020 at 5:00 p.m. CET at World Trade Center, Auditorium New York, Klarabergsviadukten 70/Kungsbron 1, Stockholm, Sweden. Information on measures due to the corona virus Due to the spread of the corona virus, Nobia has decided to make some changes regarding the Annual General Meeting, which will take place on 5 May 2020 at. 17:00 CET at World Trade Center, Auditorium New York, Klarabergsviadukten 70/Kungsbron 1, in Stockholm. The scope of the AGM is shortened and the following

Nobia withdraws the dividend proposal and temporarily lays off 3,000 employees

The Board of Directors of Nobia AB (publ) has decided to withdraw previously communicated proposal for a dividend of SEK 4.00 per share, in total approximately SEK 675m. In addition, Group management has decided to cut their salaries by 20 per cent. Financial targets concerning debt/equity ratio and dividend policy will remain unchanged. The financial position for the group remains stable with available cash and unused credit facilities of approximately SEK 1.3 Billion.Furthermore, Nobia has initiated temporary layoffs of approximately 3,000 employees, of which around 2,300 refer to the UK

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

Invitation to Nobia’s capital markets day on March 19, 2020

Nobia invites analysts, investors and media to a Capital Markets Day (CMD) in Stockholm on the 19th of March 2020.On the day, CEO Jon Sintorn and other members of Group management will provide further insight into Nobia’s updated strategy, operations and financial development. Nobia’s Capital Markets Day will take place at “Tändstickspalatset”, Västra trädgårdsgatan 15, 111 53 Stockholm. The program will start with registration and coffee at 08:30 and end latest by around 15:00.   Please register before March 10, by e-mail to ir@nobia.com Additional details will be available

Year-end report 2019

Fourth quarter 2019 · Net sales for the fourth quarter increased by 2% and amounted to SEK 3,445m (3,390). · Organic growth was -2% (-2). · Operating profit excl. items affecting comparability that affected the fourth quarter 2018, was SEK 214m (175), corresponding to an operating margin of 6.2% (5.2). · Changes in exchange rates positively impacted operating profit by SEK 25m. · Profit after tax excl. items affecting comparability amounted to SEK 150m (117), corresponding to earnings per share after dilution of SEK 0.88 (0.69). · Operating cash flow amounted to SEK 348m (

Invitation to presentation of year-end report 2019

Nobia will publish its year-end report for 2019 on Tuesday February 4 at 08.00 CET.A webcasted telephone conference will be held the same day at 10.00 CET.Nobia’s President and CEO Jon Sintorn and CFO Kristoffer Ljungfelt will present the results and answer questions. The telephone conference will be held in English and will be webcasted live on Nobia’s website, or via the following link:https://edge.media-server.com/mmc/p/2k4czjgi The details for participation by telephone are as follows: Pin-code:       76321615# Sweden:        +46 8 566 42651 UK:               +44 3333

Nomination Committee proposes Nora F. Larssen as new Chair of Nobia

Nobia’s Nomination Committee proposes that Nora F. Larssen be elected new Chair of Nobia at the next ordinary Annual General Meeting on May 5, 2020. The current chairman, Hans Eckerström, has declined re-election.Nora F. Larssen has been a member of Nobia’s Board since 2011. Nora is the Chair of Etac and Emma S. She is Senior Investment Manager at Nordstjernan, where she has been employed since 2008. Her previous experience includes Ekornes, as Board member and Chair; Electrolux (2005-2007), including a position as product line manager, and McKinsey Co (1992-2004). In addition, the

Nobia to invest in highly automated production plant in Sweden

Nobia’s Board of Directors has today made a directional decision to invest in a new production plant in Jönköping, Sweden, to replace Nobia’s existing factory in Tidaholm in 2024. The investment in automation and other production equipment is estimated at SEK 2 billion. As a result of the decision, Nobia has started customary union negotiations.Nobia has for some time reviewed the Group’s strategy for the next few years. Growth opportunities have been identified in both Nobia’s existing main markets in the Nordic countries and the UK, as well as in new markets, mainly in Central Europe. In

Interim report January - September 2019

Third quarter 2019 · Net sales for the third quarter amounted to SEK 3,265m (3,143). · Organic growth was 3% (-5). · Operating profit was unchanged at SEK 267m (267), corresponding to an operating margin of 8.2% (8.5). · Changes in exchange rates impacted operating profit negatively by SEK 15m. · Profit after tax amounted to SEK 187m (201), corresponding to earnings per share after dilution of SEK 1.11 (1.19). · Operating cash flow amounted to SEK 346m (213).Soon I will already be two months into my new position as the President and CEO of Nobia. I have spent a lot of

Invitation to presentation of interim report for the third quarter 2019

Nobia will publish its interim report for the third quarter 2019 on Wednesday 23 Octoberat 13.00 CET. A webcasted telephone conference will be held the same day at 14.00CET.Nobia’s President and CEO Jon Sintorn and CFO Kristoffer Ljungfelt will present the results and answer questions. The telephone conference will be held in English and will be webcasted live on Nobia’s website, or via the following link:  https://edge.media-server.com/mmc/p/h9kyvu7u The details for participation by telephone are as follows: Sweden: +46 8 56 64 26 51UK: +44 33 33 00 08 04USA: +1 63 19 13

Morten Falkenberg to retire from the Board of Nobia

In accordance with previous communication through press release on 2 May 2019, Morten Falkenberg stepped down from his position as President and CEO of Nobia on 31 August 2019 in connection with Jon Sintorn assuming the position as new President and CEO. Morten Falkenberg has now also informed the Board of Directors of Nobia AB (publ) that he will retire today from the Board of his own accord.As communicated in the press release on 2 May 2019, Morten Falkenberg will transition into new roles including industrial advisor for Nobia’s largest owner, Nordstjernan.

Interim report January - June 2019

April - June 2019 · Net sales for the second quarter amounted to SEK 3,751m (3,503). · Organic growth was -1% (-2). · Operating profit amounted to SEK 391m (387), corresponding to an operating margin of 10.4% (11.0). · Total currency impact on Group operating profit was neutral. · Profit after tax amounted to SEK 290m (297), corresponding to earnings per share after dilution of SEK 1.71 (1.76). · Operating cash flow amounted to SEK 244m (184).Group organic net sales were down 1% and operating income was slightly higher than last year’s second quarter. The performance in

Invitation to presentation of interim report for the second quarter

Nobia will publish its interim report for the second quarter 2019 on Friday 19 Julyat 13.00 CET. A webcasted telephone conference will be held the same day at 14.00CET.Nobia’s President and CEO Morten Falkenberg and CFO Kristoffer Ljungfelt will present the results and answer questions. The telephone conference will be held in English and will be webcasted live on Nobia’s website, or via the following link:https://edge.media-server.com/m6/p/cg6d5yaq  The details for participation by telephone are as follows: Sweden: +46 8 56 64 26 51 United Kingdom: +44 33 33 00 08 04

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