US/UK/Canada

Share

Pick a time period -

Nobia’s 2021 Annual General Meeting

Nobia AB (publ) held its Annual General Meeting today, Thursday, 29 April in Stockholm. In light of the risk of spreading Covid-19 and the authorities' regulations and advice, the AGM was conducted by means of only advance voting (so-called postal voting) with the support of temporary legal rules.Appropriation of profits The Annual General Meeting resolved to adopt the dividend to shareholders of SEK 2.00 per share for the 2020 fiscal year, totalling approximately SEK 338 million. The record date for the right to receive dividends is Monday, 3 May and payment is expected to take place

Interim report January – March 2021

First quarter 2021 · Organic growth for the Group was 3% (-2), driven by 9% increase in Nordics and20% increase in Central Europe. · Net sales for the first quarter decreased by 2% impacted by negative currency effects, and amounted to SEK 3,373m (3,445). · Operating profit improved to SEK 196m (134), corresponding to an operatingmargin of 5.8% (3.9). · Changes in exchange rates positively impacted operating profit by SEK 15m. · Profit after tax amounted to SEK 132m (88), corresponding to earnings per share after dilution of SEK 0.78 (0.52). · Operating cash flow

Philip Sköld appointed EVP Strategy & Transformation and member of Nobia’s Group Management

Philip Sköld has been appointed EVP Strategy & Transformation and member of Nobia’s Group Management as of May 1, 2021.Philip joined Nobia in 2020 and most recently he held a position as Chief Commercial Officer at Transcom. He has a background as Partner with Bain & Company where he spent over 17 years. “Philip has a thorough understanding of our agenda and brings extensive experience from commercial development and transformation that will greatly benefit us. He is a valuable addition to the Group Management team”, says Jon Sintorn, President and CEO.

Invitation to presentation of Q1 interim report 2021

Nobia will publish its interim report for the first quarter 2021 on Wednesday April 28 at 13:00 CET.A webcasted telephone conference will be held the same day at 15.00 CET.Nobia’s President and CEO Jon Sintorn and CFO Kristoffer Ljungfelt will present the results and answer questions. The telephone conference will be webcasted live on Nobia’s website, or at https://edge.media-server.com/mmc/p/j6hj2afn Details for participation by telephone: Sweden:          +46 8 56 64 26 51UK:                 +44 33 33 00 08 04USA:               +1 631 913 1422Pin code:        33433110#

Notice convening the annual general meeting of Nobia AB

The shareholders of Nobia AB (publ), reg. no. 556528-2752 (“Nobia”), are hereby given notice of the Annual General Meeting to be held on Thursday, April 29, 2021. Due to the coronavirus, the Board of Directors has decided that the Annual General Meeting should be conducted without the physical presence of shareholders, representatives or third parties and that the shareholders before the meeting should be able to exercise their voting rights only by post. Information on the resolutions passed at the meeting will be disclosed on Thursday, April 29, 2021, as soon as the outcome of the postal

Nobia adjusts its financial targets

To reflect the ambitions in Nobia’s updated strategy, the Nobia board of directors has as of today adopted revised long-term financial targets for the Group:· Growth: Average organic growth is targeted to be 3-5% per year. (previous target: organic and acquired growth of more than 5% per year on average) · Profitability: The operating margin is targeted to be greater than 10% over a business cycle. (target unchanged) · Capital structure: Leverage, defined as net debt (excl. IFRS 16 Leasing)/EBITDA, shall be below 2.5 times (previous target: net debt/equity ratio below 100%) ·

Nobia Capital Markets Day 2021

Nobia invites institutional investors, financial analysts and media to a virtual Capital Markets Day on March 25 when Jon Sintorn, President & CEO, and other members of Group management will provide further insight into Nobia’s strategy, operations and financial development. The event will be streamed on www.nobia.com/ir March 25 at 13:00 CET and will last around two hours, followed by a questions and answers session.Further information will be available on www.nobia.com/ir closer to the event.

Year-end report 2020

Fourth quarter 2020: ·  Net sales amounted to SEK 3,450m (3,445). · Organic growth was 5% (-2).  · Operating profit excl. items affecting comparability increased toSEK 295m (214), corresponding to an operating margin of 8.6% (6.2). · Items affecting comparability amounted to SEK -144m, primarily related towrite-down of assets following the decision to invest in a new factory in Sweden. · Changes in exchange rates negatively impacted operating profit by SEK -15m. · Profit after tax excl. items affecting comparability amounted to SEK 218m (150),corresponding to

Invitation to presentation of year-end report 2020

Nobia will publish its year-end report 2020 on Thursday February 4 at08:30 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 webcasted live on Nobia’s website, or at https://edge.media-server.com/mmc/p/dfhcjsp2 Details for participation by telephone: Sweden:        +46 8 566 42651UK:               +44 3333 000 804USA:             +1 631 913 1422   Pincode:        77642609# The presentation material

Nobia trading update

Net sales and operating profit for Nobia in the fourth quarter 2020 will exceed expectations due to strong trading in the Nordic and Central Europe regions.Net sales for the Group are estimated at SEK 3,449m (SEK 3,445m in Q4 2019) with an organic growth of approximately 5 per cent. The operating profit excluding items affecting comparability, is expected to be in the range of SEK 290 - 300m (SEK 214m in Q4 2019 including SEK -30m of non-recurring cost). Items affecting comparability for the quarter is estimated to amount to SEK -144m. Market conditions since December are however

Nobia continues preparations for investment in highly automated production plant in Sweden, enters new credit facilities and writes down assets relating to the Tidaholm factory

· Nobia is continuing preparations for its investment in a highly automated production plant in Jönköping, Sweden, which is expected to be in full operation by 2024. Investments in machinery will amount to approximately SEK 2 billion. Approximately SEK 1.5 billion will be invested in the factory building, which will be subject to a sale-and-lease-back arrangement.  · Nobia has secured long-term debt financing through two new credit facilities totalling SEK 5 billion.  · As a result of the decision to close the Tidaholm factory, Nobia will record write-downs of approximately SEK 149

Nobia and trade unions agree on a transition programme for Tidaholm plant employees

Nobia and the relevant trade unions have now concluded negotiations under the Co-Determination in the Workplace Act (MBL) about the plan to build a new plant in Jönköping and have agreed on a transition programme that will ensure future employment for all employees at the plant in Tidaholm.In December 2019, Nobia’s Board of Directors made a directional decision to invest in a new production plant in Jönköping to replace Nobia’s existing factory in Tidaholm in 2024. The most important point under the customary MBL negotiations, which began after the directional decision was made, was to

Nobia first Swedish kitchen company adopting science-based sustainability targets in accordance with Science Based Targets

As part of the company’s new sustainability strategy, new climate targets have been set based on scientific facts. Nobia’s climate targets have now been approved by the Science Based Targets initiative.Sustainability is a cornerstone of Nobia’s business strategy. The company has been working with the current sustainability strategy since 2017 and has during the autumn met all the sustainability goals for the period 2017-2020. Among other things, all Nobia’s production facilities and own stores now have 100% renewable electricity. During the autumn, a new strategy with targets for 2021-2026

Interim report third quarter 2020

· Net sales for the third quarter amounted to SEK 3,105m (3,265). · Organic growth was -2% (3). · Operating profit amounted to SEK 195m (267), corresponding to an operating margin of 6.3% (8.2). · Total currency impact on Group operating profit was negative SEK -10m. · Profit after tax amounted to SEK 132m (187), corresponding to earnings per share before and after dilution of SEK 0.78 (1.11). · Operating cash flow increased to SEK 484m (346). · Net debt, excluding IFRS16 lease liabilities, declined to SEK 483m (1,562).Following the challenging second quarter, the third

Invitation to presentation of interim report for third quarter 2020

Nobia will publish its interim report for the third quarter 2020 on Tuesday November 3 at08:30 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 webcasted live on Nobia’s website, or via at https://edge.media-server.com/mmc/p/xvg6z47oDetails for participation by telephone: Sweden:        +46 856 642651UK:               +44 333 3000804USA:             +1 631 913 1422 Pincode:        47200309# The

Dates for Nobia’s financial reports in 2021 and new date for the third quarter report 2020

Nobia’s interim report for the third quarter 2020 will be published in the morning of November 3 (instead of the previously communicated November 2).   Nobia’s financial reports in 2021 will be published: February 4, Year-end report for 2020.April 28, Interim report for January – March 2021.July 19, Interim report for January – June 2021.October 26, Interim report for January - September 2021.The Annual General Meeting 2021 will be held in Stockholm on April 29.

Cecilia Forzelius and Sara Björk appointed new members of Nobia’s Group Management

Cecilia Forzelius has been appointed EVP People & Culture and member of Group Management as of 1 September 2020. Cecilia most recently held the position of Chief People Officer at Transcom. Sara Björk will join Nobia as new Chief Information Officer (CIO) and member of Group Management, by 1 January 2021 at the latest. Sara currently holds the position of Head of IT for H&M Group’s IT division for Design, Purchasing and Production offices.“I am very happy to welcome Cecilia and Sara to the Group Management team of Nobia. They bring extensive and valuable experience in their respective

Interim report January – June 2020

Second quarter 2020 · Net sales for the second quarter amounted to SEK 2,741m (3,751). · Organic growth was -25% (-1). · Operating profit amounted to SEK -43m (391), corresponding to an operating margin of -1.6% (10.4). · Operating profit was impacted by restructuring costs of SEK -93m and IFRS9 bad debt provisions of SEK -15m. · Total currency impact on Group operating profit was negative SEK 5m. · Profit after tax amounted to SEK -56m (290), corresponding to earnings per share after dilution of SEK -0.33 (1.71). · Operating cash flow increased to SEK 716m (244) and

Invitation to presentation of interim report for second quarter 2020

Nobia will publish its interim report for the second quarter 2020 on Monday July 20 at 14.00 CET. A webcasted telephone conference will be held the same day at 15.00 CET.Nobia’s President and CEO Jon Sintorn and CFO Kristoffer Ljungfelt will present the results and answer questions. The telephone conference will be webcasted live on Nobia’s website, or via the following link: https://edge.media-server.com/mmc/p/mm7t45kt The details for participation by telephone are as follows: Sweden:        +46 856 642651UK:               +44 333 3000804USA:             +1 631 913 1422Pincode:

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

There are no items matching the current filter
There are no more items matching the current filter
Back to top

Subscribe