Nobia increases first-quarter revenues by 7%
Swedish Nobia posted a 7% upswing in net revenues to SEK3.315bn in the first quarter. Adjusted for negative currency effects of SEK85m, the company booked an organic growth rate of 10%. An increase in the number of delivery days compared with the prior-year period had a positive impact on Nobia’s revenues. A good performance in the Nordic region with a 20% leap to SEK1.672bn was the main driver of this improvement in revenues, though.
The Nordic region recorded an organic growth rate of 16%, primarily on the back of good project business that improved in all markets. Nobia registered the highest growth rates in Sweden, Norway and Denmark. Nobia’s activities in Sweden and Norway primarily generated growth in business with end customers.