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, SEK m Income after tax, SEK 32 100 232 288 408 352 m Earnings per share, 0.55 1.73 4.02 5.43 7.53 6.10 after full dilution, SEK Return on capital 17.9 15.5 employed, % Return on 18.7 14.0 shareholders' equity, % · Net sales amounted to SEK 6,896 million (7,251) · Organic growth of 3 per cent for the Group, corresponding to 7 per cent for the UK operation and 4 per cent for the Nordic operation. · The decision to close down the German business unit Goldreif resulted in close-down costs of SEK 95 million. · Operating income excluding items affecting comparability was SEK 492 million (534). · Income after financial items amounted to SEK 348 million (434). · Income after tax amounted to SEK 232 million (288). · Earnings per share after full dilution were SEK 4.02 (5.43). · The UK operation's operating margin recovered in the third quarter. · Sustained increase in income in the Continental European operation. If you have any questions about this report, please contact: Fredrik Cappelen, President and CEO, Lennart Rappe, Vice President and CFO, Katarina Sivander, Communications Manager, tel. +46 (0)8 440 16 00 Financial information is also available on Nobia's website: www.nobia.se For definitions of key figures and ratios, please see Nobia's 2002 annual report. Stockholm, 23 October 2003 Fredrik Cappelen President and CEO Nobia AB corporate registration no. 556528-2752 This report has not been reviewed by the company's auditors. The year-end report for 2003 will be published on 11 February 2004. 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 market and creating profitable growth by making efficiency improvements and acquisitions, taking an industrial approach. The Group had sales of approx. SEK 9.6 billion in 2002 and has around 5,700 employees. Nobia is listed on the Attract 40-section of Stockholmsbörsen's O-list. Goldreif HTH Invita Magnet Marbodal Myresjökök Norema Novart Optifit Poggenpohl Pronorm Sigdal Nobia AB, P.O. Box 70376, SE-107 24 Stockholm, Tel.: +46 (0)8 440 16 00, Fax: +46 (0)8 440 16 20 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/10/23/20031023BIT00090/wkr0001.doc The full report http://www.waymaker.net/bitonline/2003/10/23/20031023BIT00090/wkr0002.pdf The full report