US/UK/Canada

Share

Pick a time period -
Tags ( Active)

Successful amendments to terms and conditions for Nobia’s long-term funding agreement

Nobia has, together with its financing partners, successfully amended its existing long-term funding facilities agreement, initially established in connection with Nobia’s rights issue in April 2024. The amendments will better reflect the forecasted recovery of the kitchen market and provide financial flexibility to support Nobia’s strategic initiatives. This includes Nobia’s investment in a world-class automated factory in Jönköping, Sweden, to provide Scandinavian designed, high quality kitchens on shorter lead times to its Nordic customers. The factory, set to become operational in

Interim report, third quarter 2024

· Net sales decreased to SEK 2,478m (2,697), corresponding to an organic decline of -6% (-19). · Gross margin was 36.2% (36.6). Excl. items affecting comparability, the margin increased to 37.4% (36.6). · Operating profit amounted to SEK -37m (99). Excl. items affecting comparability, referring mainly to further cost reduction measures, operating profit was SEK 19m (18). · Items affecting comparability amounted to SEK ‑56m (81). · Profit after tax, total operations, amounted to SEK -83m (40) corresponding to earnings per share after dilution of SEK -0.12 (0.11). · Operating

Invitation to presentation of Q3 report 2024 on November 5

Nobia will publish its third quarter report 2024 on Tuesday, November 5[th] at 08:30 CET. A webcasted telephone conference will be held on the same day, November 5[th], at 10:00 CET, during which Nobia’s President and CEO Kristoffer Ljungfelt and CFO Henrik Skogsfors, will present the report and answer questions.To access the webcast:https://edge.media-server.com/mmc/p/ixf4pb2w To participate by telephone, and thus have the possibility to ask questions: 1. Register in advance of the conference using the link below. Upon registering, each participant will be provided with

Interim Report second quarter 2024

Second quarter summaryComments and numbers relate to continuing operations, unless otherwise stated.• Net sales decreased to SEK 2,933m (3,092), corresponding to an organic decline of -6% (-17).• Gross margin was 35.6% (36.0). Excl. items affecting comparability, the margin increased to 39.4% (35.9).• Operating profit amounted to SEK -171m (14).• Items affecting comparability (IAC), referring mainly further restructuring measures in the UK, amounted to SEK -213m (-22).• Operating profit excluding IAC was SEK 42m (36).• Profit after tax, total operations, amounted to SEK -209m (1)

Invitation to presentation of Q2 report 2024 on July 17

Press releaseNobia AB (publ)July 5, 2024   Nobia will publish its second quarter report 2024 on Wednesday, July 17th at 13:00 CET (previously communicated date: July 18). A webcasted telephone conference will be held on the same day, July 17th, at 14:00 CET, during which Nobia’s President and CEO Kristoffer Ljungfelt and CFO Henrik Skogsfors, will present the report and answer questions. To access the webcast:https://edge.media-server.com/mmc/p/xmankkqv To participate by telephone, and thus have the possibility to ask questions: 1. Register in advance of the

Nobia takes further action to transition to an asset-light model in the UK and reduce costs in the Nordic supply chain

As part of the transformation of the UK business, the closure of the Halifax manufacturing site was announced April 2nd, reducing the number of manufacturing sites in the UK from five in the second quarter 2023 to two by the end of the second quarter 2024. The Group is now taking further measures in the transition to an asset-light model in the UK by closing underperforming stores that are up for lease renewal and further decentralizing of operations.The measures will result in annualized savings of approximately SEK 160m, which will reach full effect by 2025. The total cost of these

Nobia’s 2024 Annual General Meeting

Nobia AB (publ) held its Annual General Meeting today, Tuesday, 14 May in Stockholm.Adoption of annual report and resolution to discharge the Board Members and the President from liability The Annual General Meeting adopted the annual report for 2023. The Board of Directors and the President were discharged from liability for the financial year 2023. Appropriation of profits The Annual General Meeting resolved that no dividend is to be distributed for the financial year 2023. Fees to the Board of Directors and auditors The Annual General Meeting resolved that fees would be

Interim Report January - March 2024

First quarter summary Comments and numbers relate to continuing operations, unless otherwise stated. · Net sales declined by -19% to SEK 2,615m (3,241), corresponding to an organic decline of -20% (-7). · Gross margin improved to 36.6% (33.1). Adjusted for items affecting comparability, the grossmargin improved to 37.3% (36.7). · Operating profit amounted to SEK -44m (-246). · Items affecting comparability amounted to SEK -17m (-298). · Operating profit excl. items affecting comparability (IAC) was SEK -27m (52). · Profit after tax, total operations, amounted to SEK -

Invitation to presentation of Q1 report 2024

Nobia will publish its first quarter report 2024 on Tuesday, May 14th at 08:30 CET. A webcasted telephone conference will be held on the same day at 10:00 CET, during which Nobia’s President and CEO Kristoffer Ljungfelt and CFO Henrik Skogsfors, will present the results and answer questions.To access the webcast:https://edge.media-server.com/mmc/p/eraaeyeu/ To participate by telephone, and thus have the possibility to ask questions: 1. Register in advance of the conference using the link below. Upon registering, each participant will be provided with Participant Dial In Numbers, and

Change in number of shares and votes in Nobia

The number of shares and votes in Nobia AB (publ) (“Nobia”) has changed as a result of the rights issue resolved by the Board of Directors on 20 February 2024, and approved by the Extraordinary General Meeting on 26 March 2024.Prior to the rights issue, there were in total 170,293,458 shares in Nobia, corresponding to 170,293,458 votes in total. The number of shares has through the rights issue increased by 504,758,463, corresponding to an increase in the number of votes by 504,758,463. As of 30 April 2024, there are in total 675,051,921 shares in Nobia, corresponding to in total 675,051,

Nobia publishes the final outcome of its fully guaranteed rights issue

NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION IN THE UNITED STATES, AUSTRALIA, HONG KONG, JAPAN, CANADA, NEW ZEALAND, SOUTH AFRICA, SWITZERLAND OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, DISTRIBUTION OR PUBLICATION WOULD BE UNLAWFUL OR REQUIRE REGISTRATION OF ANY OTHER MEASURE IN ACCORDANCE WITH APPLICABLE LAW. The subscription period for Nobia AB’s (publ) (“Nobia” or the “Company”) rights issue of approximately SEK 1,262 million (the “Rights Issue”) ended on 17 April 2024. The result of the Rights Issue shows that 497,084,028 shares have been subscribed for by virtue of subscription

Notice convening the annual general meeting of Nobia AB (publ)

The shareholders of Nobia AB (publ), reg. no. 556528-2752 (“Nobia” or the “Company”), are hereby given notice of the Annual General Meeting to be held on Tuesday, May 14, 2024 at 13:00 CEST at World Trade Center (Venue: Manhattan), Klarabergsviadukten 70 in Stockholm. Right to participate in the Annual General Meeting: Shareholders who wish to participate in the Annual General Meeting must:firstly be included in the shareholders register maintained by Euroclear Sweden AB (“Euroclear”) as of Friday, May 3, 2024; and,secondly notify Nobia of their participation at the Annual General

Restatement of 2023 following divestures of Bribus and ewe

Following the divestures of Bribus in the Netherlands and ewe in Austria that were finalized in March 2024, Nobia will adjust its segment reporting to reflect these changes.As of the first quarter of 2024, the region Portfolio Business Units will cease to exist and the remaining parts will be moved to the two remaining regions; the Nordic and the UK. Commodore and CIE, suppliers of premium kitchens to property developers mainly in London, will be included in the UK region while Superfront, an on-line supplier of high-end design kitchen accessories based in Sweden, will be included in the

Nobia publishes prospectus regarding the rights issue, certain new financial information included in the prospectus and provides trading update

NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION IN THE UNITED STATES, AUSTRALIA, HONG KONG, JAPAN, CANADA, NEW ZEALAND, SOUTH AFRICA, SWITZERLAND OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, DISTRIBUTION OR PUBLICATION WOULD BE UNLAWFUL OR REQUIRE REGISTRATION OF ANY OTHER MEASURE IN ACCORDANCE WITH APPLICABLE LAW.Publication of prospectus The prospectus regarding the fully underwritten rights issue in Nobia AB (publ) (“Nobia” or the “Company”) of approximately SEK 1,262 million, which was resolved by Nobia’s Board of Directors on 20 February 2024 and approved by the Extraordinary

Nobia accelerates its transformation journey with manufacturing consolidation in the UK

Nobia has unveiled plans to further consolidate its manufacturing operations in the UK as part of its ongoing UK transformation strategy. The company will be relocating its current manufacturing facility in Halifax to the Darlington manufacturing site, with the building in Halifax set to be repurposed as a storage facility.The closure of the Halifax manufacturing site is expected to incur a total cost of approximately 4.7 MGBP, of which 2.2 MGBP is non-cash. The cost will be included in Nobia’s second quarter results as items affecting comparability. Approximately 60 full-time equivalent

Tony Buffin proposed to be new chairman in Nobia AB

The Nomination Committee ahead of the 2024 Annual General Meeting of Nobia AB (publ) (the “Company” or “Nobia”) proposes thar that current Board Member Tony Buffin be appointed Chairman of the Board and that Nora F. Larssen, Marlene Forsell, Carsten Rasmussen, Fredrik Ahlin are re-elected as Board Members. Accordingly, Jan Svensson and David Haydon will step down from the Board.“Firstly, we would like to extend our sincere gratitude to Jan Svensson for his valuable contributions as Chairman of the Board of Nobia and we would also like to thank David Haydon for his important contribution to

Bulletin from extraordinary general meeting in Nobia AB (publ) held on 26 March 2024

Nobia AB (publ) (”Nobia” or the ”Company”) has today, Tuesday 26 March, held an extraordinary general meeting in Stockholm.Amendment of the articles of associationTo enable the new issue of shares with preferential rights for the shareholders (see below), the general meeting resolved, in accordance with the board of directors’ proposal, to:1) increase the limits for the minimum and maximum share capital in the Company’s articles of associations so that the share capital shall be not less than SEK 160,000,000 and not more than SEK 640,000,000; and2) increase the limits for the minimum

Nobia announces final terms of its fully guaranteed rights issue

On 20 February 2024, Nobia AB (publ) (“Nobia” or the “Company”) announced the Board of Directors’ resolution to carry out a fully guaranteed rights issue (the “Rights Issue”), in order to finance the completion of the Jönköping factory and strengthen the balance sheet, allowing for operational and financial flexibility. The Board of Directors today announces the final terms of the Rights Issue, including the subscription price and the maximum number of shares to be issued.The Rights Issue in brief: · The Rights Issue comprises not more than 504,758,463 new shares, resulting in an

George Dymond appointed EVP of Region UK

George Dymond has been appointed EVP and Head of Region UK. He will succeed Kristoffer Ljungfelt, who recently was appointed to assume the position as president and CEO of Nobia. George will become member of Nobia’s Group management team, and assumes his new role latest by July 1, 2024. He joined Nobia in 2023 and has over two decades of experience from senior leadership roles in the retail industry across the UK, Australia, and the US.George has been instrumental in driving a positive change in the UK business and is a key contributor to the UK management team. He has a track record of

Nobia appoints Kristoffer Ljungfelt as new CEO

The Nobia Board of Directors has appointed Kristoffer Ljungfelt as President and CEO of Nobia. Kristoffer Ljungfelt is currently Nobia’s Executive Vice President for the UK and will now commence the transition to the CEO role, with the full transition complete no later than July 1, 2024. Kristoffer’s immediate focus will be to ensure the effective completion of the upcoming right’s issue and an orderly transition of the UK leadership to his successor. Kristoffer succeeds Jon Sintorn, who will leave Nobia to assume a CEO position in another company.“The Board has conducted a thorough

Notice to attend the Extraordinary General Meeting of Nobia AB (publ)

The shareholders of Nobia AB (publ), reg. no. 556528-2752 (“Nobia” or the “Company”), are hereby given notice of the extraordinary general meeting (the “EGM”) to be held on Tuesday, March 26, 2024 at 13:00 CET at S:ta Clara, Klarabergsviadukten 90.Right to participate in the EGM: Shareholders who wish to participate in the EGM must: · be included in the shareholders register maintained by Euroclear Sweden AB (“Euroclear”) as of Monday, 18 March, 2024; and, · notify Nobia of their participation at the EGM not later than Wednesday, 20 March, 2024 in accordance with the instructions

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

Subscribe

Media